YMAG vs. JEPQ
Compare and contrast key facts about YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
YMAG and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024. 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: YMAG or JEPQ.
Performance
YMAG vs. JEPQ - Performance Comparison
Returns By Period
YMAG
N/A
6.82%
15.98%
N/A
N/A
N/A
JEPQ
22.43%
2.46%
9.42%
26.56%
N/A
N/A
Key characteristics
| YMAG | JEPQ | |
|---|---|---|
| Daily Std Dev | 19.25% | 12.33% |
| Max Drawdown | -14.27% | -16.82% |
| Current Drawdown | -1.06% | -0.78% |
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YMAG vs. JEPQ - Expense Ratio Comparison
YMAG has a 1.28% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between YMAG and JEPQ is 0.89, 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
YMAG vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) 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.
Not enough dataDividends
YMAG vs. JEPQ - Dividend Comparison
YMAG's dividend yield for the trailing twelve months is around 29.90%, more than JEPQ's 9.42% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | 29.90% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.42% | 10.02% | 9.44% |
Drawdowns
YMAG vs. JEPQ - Drawdown Comparison
The maximum YMAG drawdown since its inception was -14.27%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for YMAG and JEPQ. For additional features, visit the drawdowns tool.
Volatility
YMAG vs. JEPQ - Volatility Comparison
YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) has a higher volatility of 6.32% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.86%. This indicates that YMAG'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.