VLT vs. JEPQ
Compare and contrast key facts about Invesco High Income Trust II (VLT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
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: VLT or JEPQ.
Key characteristics
| VLT | JEPQ | |
|---|---|---|
| YTD Return | 19.26% | 23.36% |
| 1Y Return | 28.17% | 29.05% |
| Sharpe Ratio | 3.19 | 2.38 |
| Sortino Ratio | 4.45 | 3.11 |
| Omega Ratio | 1.63 | 1.49 |
| Calmar Ratio | 1.46 | 2.71 |
| Martin Ratio | 25.58 | 11.74 |
| Ulcer Index | 1.09% | 2.48% |
| Daily Std Dev | 8.73% | 12.20% |
| Max Drawdown | -69.60% | -16.82% |
| Current Drawdown | -1.41% | 0.00% |
Correlation
The correlation between VLT and JEPQ is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VLT vs. JEPQ - Performance Comparison
In the year-to-date period, VLT achieves a 19.26% return, which is significantly lower than JEPQ's 23.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VLT vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Income Trust II (VLT) 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
VLT vs. JEPQ - Dividend Comparison
VLT's dividend yield for the trailing twelve months is around 10.17%, more than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | 10.17% | 11.09% | 11.23% | 8.02% | 8.48% | 8.07% | 8.43% | 7.00% | 8.08% | 9.74% | 8.69% | 8.62% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VLT vs. JEPQ - Drawdown Comparison
The maximum VLT drawdown since its inception was -69.60%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for VLT and JEPQ. For additional features, visit the drawdowns tool.
Volatility
VLT vs. JEPQ - Volatility Comparison
The current volatility for Invesco High Income Trust II (VLT) is 1.93%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that VLT experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.