ZWQT.TO vs. JEPI
ZWQT.TO (BMO Global Enhanced Income Fund Series ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - ZWQT.TO is a Global Allocation fund actively managed by BMO, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past year, ZWQT.TO returned 31.17% vs 10.09% for JEPI. A 0.52 correlation means they provide meaningful diversification when combined. ZWQT.TO charges 0.87%/yr vs 0.35%/yr for JEPI.
Performance
ZWQT.TO vs. JEPI - Performance Comparison
Loading charts...
Different Trading Currencies
ZWQT.TO is traded in CAD, while JEPI is traded in USD. To make them comparable, the JEPI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZWQT.TO achieves a 14.24% return, which is significantly higher than JEPI's 2.08% return.
ZWQT.TO
- 1D
- 0.68%
- 1M
- 6.48%
- YTD
- 14.24%
- 6M
- 14.89%
- 1Y
- 31.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPI
- 1D
- 0.64%
- 1M
- 1.41%
- YTD
- 2.08%
- 6M
- 0.71%
- 1Y
- 10.09%
- 3Y*
- 10.29%
- 5Y*
- 10.47%
- 10Y*
- —
ZWQT.TO vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 14.24% | 14.08% | 17.82% | 8.19% |
JEPI JPMorgan Equity Premium Income ETF | 2.08% | 3.13% | 22.24% | 5.91% |
Correlation
The correlation between ZWQT.TO and JEPI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.52 |
The correlation between ZWQT.TO and JEPI has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZWQT.TO vs. JEPI — Risk / Return Rank
ZWQT.TO
JEPI
ZWQT.TO vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) and JPMorgan Equity Premium Income ETF (JEPI). 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.
| ZWQT.TO | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.22 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 1.94 | +3.79 |
| Martin ratioReturn relative to average drawdown | 24.12 | 5.60 | +18.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZWQT.TO | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 1.20 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | 1.10 | +0.63 |
Drawdowns
ZWQT.TO vs. JEPI - Drawdown Comparison
The maximum ZWQT.TO drawdown since its inception was -14.93%, which is greater than JEPI's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for ZWQT.TO and JEPI.
Loading charts...
Drawdown Indicators
| ZWQT.TO | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.93% | -14.00% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.47% | -5.23% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.41% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -2.19% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.80% | -0.50% |
Volatility
ZWQT.TO vs. JEPI - Volatility Comparison
BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) has a higher volatility of 3.17% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.64%. This indicates that ZWQT.TO's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZWQT.TO | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 1.64% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.04% | 6.59% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.40% | 8.44% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.92% | 10.16% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.92% | 9.96% | +0.96% |
ZWQT.TO vs. JEPI - Expense Ratio Comparison
ZWQT.TO has a 0.87% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
ZWQT.TO vs. JEPI - Dividend Comparison
ZWQT.TO's dividend yield for the trailing twelve months is around 4.96%, less than JEPI's 8.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.23% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 4.96% | 5.54% | 5.96% | 3.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZWQT.TO and JEPI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI is cheaper with a 0.35% expense ratio, compared with 0.87% for ZWQT.TO.
ZWQT.TO is categorized as Global Allocation, while JEPI is Dividend. They also come from different issuers: BMO and JPMorgan. Their fees differ too: 0.87% for ZWQT.TO and 0.35% for JEPI.
Find the right allocation for ZWQT.TO and JEPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer