USMC vs. JEPQ
Compare and contrast key facts about Principal U.S. Mega-Cap ETF (USMC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
USMC and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USMC is a passively managed fund by Principal that tracks the performance of the Nasdaq US Mega Cap Select Leaders Index. It was launched on Oct 12, 2017. 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: USMC or JEPQ.
Performance
USMC vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, USMC achieves a 25.97% return, which is significantly higher than JEPQ's 22.02% return.
USMC
25.97%
1.85%
12.84%
32.61%
15.86%
N/A
JEPQ
22.02%
2.29%
9.24%
26.48%
N/A
N/A
Key characteristics
| USMC | JEPQ | |
|---|---|---|
| Sharpe Ratio | 2.67 | 2.16 |
| Sortino Ratio | 3.58 | 2.82 |
| Omega Ratio | 1.50 | 1.44 |
| Calmar Ratio | 3.86 | 2.48 |
| Martin Ratio | 17.43 | 10.72 |
| Ulcer Index | 1.86% | 2.48% |
| Daily Std Dev | 12.13% | 12.35% |
| Max Drawdown | -29.97% | -16.82% |
| Current Drawdown | -2.03% | -1.10% |
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USMC vs. JEPQ - Expense Ratio Comparison
USMC has a 0.12% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Correlation
The correlation between USMC and JEPQ is 0.90, 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.
Risk-Adjusted Performance
USMC vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal U.S. Mega-Cap ETF (USMC) 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
USMC vs. JEPQ - Dividend Comparison
USMC's dividend yield for the trailing twelve months is around 1.12%, less than JEPQ's 9.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USMC Principal U.S. Mega-Cap ETF | 1.12% | 1.35% | 1.78% | 1.53% | 1.56% | 2.04% | 2.27% | 0.24% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.45% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USMC vs. JEPQ - Drawdown Comparison
The maximum USMC drawdown since its inception was -29.97%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for USMC and JEPQ. For additional features, visit the drawdowns tool.
Volatility
USMC vs. JEPQ - Volatility Comparison
Principal U.S. Mega-Cap ETF (USMC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 3.91% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.