XLRE vs. JEPQ
XLRE (Real Estate Select Sector SPDR Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - XLRE is a REIT fund tracking the Real Estate Select Sector Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, XLRE returned 10.41%/yr vs 19.91%/yr for JEPQ. At a 0.41 correlation, their price movements are largely independent. XLRE charges 0.13%/yr vs 0.35%/yr for JEPQ.
Performance
XLRE vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, XLRE achieves a 13.17% return, which is significantly higher than JEPQ's 7.85% return.
XLRE
- 1D
- 0.98%
- 1M
- 4.93%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
JEPQ
- 1D
- 0.62%
- 1M
- 1.08%
- YTD
- 7.85%
- 6M
- 8.80%
- 1Y
- 26.60%
- 3Y*
- 19.91%
- 5Y*
- —
- 10Y*
- —
XLRE vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | -17.30% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 7.85% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between XLRE and JEPQ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.41 |
Over the past year, the correlation between XLRE and JEPQ has dropped to 0.13 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
XLRE vs. JEPQ — Risk / Return Rank
XLRE
JEPQ
XLRE vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) 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.
| XLRE | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.91 | -1.56 |
| Martin ratioReturn relative to average drawdown | 3.69 | 13.84 | -10.15 |
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Drawdowns
XLRE vs. JEPQ - Drawdown Comparison
The maximum XLRE drawdown since its inception was -38.83%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for XLRE and JEPQ.
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Drawdown Indicators
| XLRE | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -20.07% | -18.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -8.82% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -20.07% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.64% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -3.41% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.85% | +1.18% |
Volatility
XLRE vs. JEPQ - Volatility Comparison
Real Estate Select Sector SPDR Fund (XLRE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 4.81% and 4.98%, 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.
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Volatility by Period
| XLRE | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 4.98% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 10.22% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 12.61% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 16.73% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 16.73% | +3.69% |
XLRE vs. JEPQ - Expense Ratio Comparison
XLRE has a 0.13% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Dividends
XLRE vs. JEPQ - Dividend Comparison
XLRE's dividend yield for the trailing twelve months is around 3.08%, less than JEPQ's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
XLRE and JEPQ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (4.98%) compared to XLRE (4.81%). In terms of maximum drawdown, XLRE dropped -38.83% vs JEPQ's -20.07%.
On 3-year performance, JEPQ leads with 19.91% vs 10.41% for XLRE. On fees, XLRE is cheaper at 0.13% per year. On volatility, XLRE has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JEPQ has performed better with a 19.91% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRE is cheaper with a 0.13% expense ratio, compared with 0.35% for JEPQ.
JEPQ has the higher dividend yield at 10.22%, compared with 3.08% for XLRE.
XLRE is categorized as REIT, while JEPQ is Nasdaq-100. XLRE tracks Real Estate Select Sector Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.13% for XLRE and 0.35% for JEPQ.
JEPQ currently has the higher Sharpe Ratio (2.03 vs 0.81), 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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