XFLT vs. JEPQ
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, XFLT returned -6.60%/yr vs 19.79%/yr for JEPQ. At a 0.23 correlation, their price movements are largely independent.
Performance
XFLT vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, XFLT achieves a -22.23% return, which is significantly lower than JEPQ's 7.85% return.
XFLT
- 1D
- -0.06%
- 1M
- -7.61%
- YTD
- -22.23%
- 6M
- -19.20%
- 1Y
- -27.04%
- 3Y*
- -6.60%
- 5Y*
- -5.93%
- 10Y*
- —
JEPQ
- 1D
- -2.48%
- 1M
- 0.34%
- YTD
- 7.85%
- 6M
- 7.02%
- 1Y
- 25.10%
- 3Y*
- 19.79%
- 5Y*
- —
- 10Y*
- —
XFLT vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -22.23% | -15.35% | 7.37% | 30.40% | -17.62% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between XFLT and JEPQ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.23 |
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Return for Risk
XFLT vs. JEPQ — Risk / Return Rank
XFLT
JEPQ
XFLT vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XFLT | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.38 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.86 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.34 | 13.55 | -14.90 |
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Drawdowns
XFLT vs. JEPQ - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for XFLT and JEPQ.
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Drawdown Indicators
| XFLT | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -20.07% | -35.36% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -8.82% | -31.85% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -20.07% | -26.97% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | — | — |
Current DrawdownCurrent decline from peak | -38.16% | -2.48% | -35.68% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -3.40% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 1.86% | +18.32% |
Volatility
XFLT vs. JEPQ - Volatility Comparison
The current volatility for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) is 3.34%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.27%. This indicates that XFLT 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.
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Volatility by Period
| XFLT | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 6.27% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 10.58% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 13.08% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 16.79% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.12% | 16.79% | +9.33% |
Dividends
XFLT vs. JEPQ - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 21.40%, more than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 21.40% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% |
Frequently Asked Questions
XFLT and JEPQ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (6.27%) compared to XFLT (3.34%). In terms of maximum drawdown, XFLT dropped -55.43% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (1.93 vs -1.33), 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.
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