ULTY vs. JEPQ
Compare and contrast key facts about YieldMax Ultra Option Income Strategy ETF (ULTY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
ULTY and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULTY or JEPQ.
Correlation
The correlation between ULTY and JEPQ is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ULTY vs. JEPQ - Performance Comparison
Key characteristics
ULTY:
-0.39
JEPQ:
0.15
ULTY:
-0.36
JEPQ:
0.29
ULTY:
0.96
JEPQ:
1.04
ULTY:
-0.54
JEPQ:
0.17
ULTY:
-1.37
JEPQ:
0.63
ULTY:
8.34%
JEPQ:
3.86%
ULTY:
29.09%
JEPQ:
15.80%
ULTY:
-20.99%
JEPQ:
-16.82%
ULTY:
-17.29%
JEPQ:
-14.02%
Returns By Period
In the year-to-date period, ULTY achieves a -12.04% return, which is significantly lower than JEPQ's -10.07% return.
ULTY
-12.04%
-5.97%
-2.99%
-8.97%
N/A
N/A
JEPQ
-10.07%
-7.92%
-3.53%
2.22%
N/A
N/A
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ULTY vs. JEPQ - Expense Ratio Comparison
ULTY has a 1.14% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
ULTY vs. JEPQ — Risk-Adjusted Performance Rank
ULTY
JEPQ
ULTY vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) 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.
Dividends
ULTY vs. JEPQ - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 174.06%, more than JEPQ's 11.69% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 174.06% | 111.70% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 11.69% | 9.65% | 10.02% | 9.44% |
Drawdowns
ULTY vs. JEPQ - Drawdown Comparison
The maximum ULTY drawdown since its inception was -20.99%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for ULTY and JEPQ. For additional features, visit the drawdowns tool.
Volatility
ULTY vs. JEPQ - Volatility Comparison
YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 13.13% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 8.26%. This indicates that ULTY'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.