YMAX vs. JEPQ
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
YMAX and JEPQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 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: YMAX or JEPQ.
Performance
YMAX vs. JEPQ - Performance Comparison
Returns By Period
YMAX
N/A
7.80%
11.37%
N/A
N/A
N/A
JEPQ
22.99%
2.81%
9.92%
26.76%
N/A
N/A
Key characteristics
| YMAX | JEPQ | |
|---|---|---|
| Daily Std Dev | 18.20% | 12.33% |
| Max Drawdown | -12.78% | -16.82% |
| Current Drawdown | -0.49% | -0.32% |
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YMAX vs. JEPQ - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between YMAX and JEPQ is 0.79, 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
YMAX vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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
YMAX vs. JEPQ - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 34.19%, more than JEPQ's 9.38% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | 34.19% | 0.00% | 0.00% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% |
Drawdowns
YMAX vs. JEPQ - Drawdown Comparison
The maximum YMAX drawdown since its inception was -12.78%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for YMAX and JEPQ. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. JEPQ - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 5.73% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.71%. This indicates that YMAX'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.