YBIT vs. JEPQ

Last updated Jun 26, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - YBIT is a Cryptocurrency fund actively managed by YieldMax, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. YBIT is actively managed, while JEPQ is passively managed. Over the past year, YBIT returned -40.64% vs 24.08% for JEPQ. At a 0.47 correlation, their price movements are largely independent. YBIT charges 0.99%/yr vs 0.35%/yr for JEPQ.

Performance

YBIT vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Bitcoin Option Income Strategy ETF (YBIT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YBIT achieves a -30.07% return, which is significantly lower than JEPQ's 8.34% return.

YBIT

• 1D: -0.85%
• 1M: -19.02%
• YTD: -30.07%
• 6M: -29.90%
• 1Y: -40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.74%
• 1M: 0.15%
• YTD: 8.34%
• 6M: 7.25%
• 1Y: 24.08%
• 3Y*: 20.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YBIT vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	-30.07%	-2.49%	1.40%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	8.34%	15.18%	18.88%

Correlation

The correlation between YBIT and JEPQ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.47

Return for Risk

YBIT vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YBIT

YBIT Risk / Return Rank: 1
YBIT Sharpe Ratio Rank: 1
YBIT Sortino Ratio Rank: 1
YBIT Omega Ratio Rank: 1
YBIT Calmar Ratio Rank: 2
YBIT Martin Ratio Rank: 1

JEPQ

JEPQ Risk / Return Rank: 68
JEPQ Sharpe Ratio Rank: 66
JEPQ Sortino Ratio Rank: 61
JEPQ Omega Ratio Rank: 72
JEPQ Calmar Ratio Rank: 64
JEPQ Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YBIT vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) 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.

	YBIT	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	1.85	-2.96
Sortino ratio: Return per unit of downside risk	-1.61	2.47	-4.09
Omega ratio: Gain probability vs. loss probability	0.81	1.37	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.86	2.74	-3.61
Martin ratio: Return relative to average drawdown	-1.50	12.92	-14.42

YBIT vs. JEPQ - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -1.11, which is lower than the JEPQ Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of YBIT and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YBIT vs. JEPQ - Drawdown Comparison

The maximum YBIT drawdown since its inception was -47.30%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for YBIT and JEPQ.

Drawdown Indicators

	YBIT	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-47.30%	-20.07%	-27.23%
Max Drawdown (1Y) Largest decline over 1 year	-47.30%	-8.82%	-38.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-47.23%	-2.04%	-45.19%
Average Drawdown Average peak-to-trough decline	-15.91%	-3.39%	-12.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.03%	1.87%	+25.16%

Volatility

YBIT vs. JEPQ - Volatility Comparison

YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a higher volatility of 11.55% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 6.28%. This indicates that YBIT'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.

Volatility by Period

	YBIT	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	6.28%	+5.27%
Volatility (6M) Calculated over the trailing 6-month period	29.42%	10.54%	+18.88%
Volatility (1Y) Calculated over the trailing 1-year period	36.83%	13.05%	+23.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.69%	16.78%	+21.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.69%	16.78%	+21.91%

YBIT vs. JEPQ - Expense Ratio Comparison

YBIT has a 0.99% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

YBIT vs. JEPQ - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 106.69%, more than JEPQ's 10.18% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.18%	10.53%	9.65%	10.03%	9.44%
YBIT YieldMax Bitcoin Option Income Strategy ETF	106.69%	88.33%	60.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YBIT and JEPQ in my portfolio?

YBIT and JEPQ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YBIT or JEPQ?

YBIT has higher volatility (11.55%) compared to JEPQ (6.28%). In terms of maximum drawdown, YBIT dropped -47.30% vs JEPQ's -20.07%.

Which ETF is better, YBIT or JEPQ?

On 1-year performance, JEPQ leads with 24.08% vs -40.64% for YBIT. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 6.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or JEPQ?

Over the 1-year period, JEPQ has performed better with a 24.08% return vs -40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.99% for YBIT.

Which ETF pays a higher dividend yield, YBIT or JEPQ?

YBIT has the higher dividend yield at 106.69%, compared with 10.18% for JEPQ.

What is the main difference between YBIT and JEPQ?

YBIT is categorized as Cryptocurrency, while JEPQ is Nasdaq-100. They also come from different issuers: YieldMax and JPMorgan. Their fees differ too: 0.99% for YBIT and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (1.85 vs -1.11), 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.