TIME vs. JEPQ

Last updated Jun 4, 2026

TIME (Clockwise Core Equity & Innovation ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - TIME is a Technology Equities fund actively managed by Clockwise Capital, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. TIME is actively managed, while JEPQ is passively managed. Over the past year, TIME returned 23.44% vs 29.00% for JEPQ. A 0.80 correlation means they provide meaningful diversification when combined. TIME charges 1.00%/yr vs 0.35%/yr for JEPQ.

Performance

TIME vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clockwise Core Equity & Innovation ETF (TIME) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TIME having a 9.82% return and JEPQ slightly lower at 9.54%.

TIME

• 1D: -0.73%
• 1M: 5.38%
• YTD: 9.82%
• 6M: 10.85%
• 1Y: 23.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIME vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TIME Clockwise Core Equity & Innovation ETF	9.82%	10.17%	6.75%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	8.95%

Correlation

The correlation between TIME and JEPQ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.80

The correlation between TIME and JEPQ has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

TIME vs. JEPQ - Sectors Allocation Comparison

Sectors	TIME	JEPQ
Technology	38.5%	54.0%
Communication Services	17.4%	15.4%
Consumer Cyclical	13.8%	12.8%
Consumer Defensive	10.1%	7.1%
Energy	8.4%	0.4%
Utilities	5.1%	1.3%
Financial Services	3.2%	0.4%
Basic Materials	3.0%	1.0%
Industrials	1.0%	3.1%
Healthcare	0.5%	4.4%
Real Estate	-	0.2%

Return for Risk

TIME vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIME

TIME Risk / Return Rank: 45
TIME Sharpe Ratio Rank: 51
TIME Sortino Ratio Rank: 48
TIME Omega Ratio Rank: 49
TIME Calmar Ratio Rank: 36
TIME Martin Ratio Rank: 41

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIME vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TIME	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.49	-0.71
Sortino ratio: Return per unit of downside risk	2.40	3.29	-0.89
Omega ratio: Gain probability vs. loss probability	1.31	1.49	-0.18
Calmar ratio: Return relative to maximum drawdown	1.80	3.31	-1.51
Martin ratio: Return relative to average drawdown	6.63	16.22	-9.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIME vs. JEPQ - Sharpe Ratio Comparison

The current TIME Sharpe Ratio is 1.78, which is comparable to the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of TIME and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIME	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.49	-0.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.00	-0.20

Drawdowns

TIME vs. JEPQ - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for TIME and JEPQ.

Drawdown Indicators

	TIME	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.26%	-20.07%	-4.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-8.82%	-4.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-0.74%	-0.10%	-0.64%
Average Drawdown Average peak-to-trough decline	-5.60%	-3.42%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	1.79%	+1.76%

Volatility

TIME vs. JEPQ - Volatility Comparison

Clockwise Core Equity & Innovation ETF (TIME) has a higher volatility of 3.48% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that TIME's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIME	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	1.26%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	9.07%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	11.73%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	16.61%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	16.61%	+1.01%

TIME vs. JEPQ - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

TIME vs. JEPQ - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 9.12%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%
TIME Clockwise Core Equity & Innovation ETF	9.12%	10.02%	15.84%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIME and JEPQ in my portfolio?

TIME and JEPQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIME or JEPQ?

TIME has higher volatility (3.48%) compared to JEPQ (1.26%). In terms of maximum drawdown, TIME dropped -24.26% vs JEPQ's -20.07%.

Which ETF is better, TIME or JEPQ?

On 1-year performance, JEPQ leads with 29.00% vs 23.44% for TIME. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TIME or JEPQ?

Over the 1-year period, JEPQ has performed better with a 29.00% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TIME or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 1.00% for TIME.

Which ETF pays a higher dividend yield, TIME or JEPQ?

JEPQ has the higher dividend yield at 10.07%, compared with 9.12% for TIME.

What is the main difference between TIME and JEPQ?

TIME is categorized as Technology Equities, while JEPQ is Nasdaq-100. They also come from different issuers: Clockwise Capital and JPMorgan. Their fees differ too: 1.00% for TIME and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.