Compare/Updated Oct 26, 2026, refreshed every trading day
GPIQ vs JEPQ
Goldman Sachs Nasdaq-100 Premium Income ETF against JPMorgan Nasdaq Equity Premium Income ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
GPIQ did substantially better over the stated period: $1,000 grew to $6,758 (+575.8%), versus $1,727 (+72.7%) for JEPQ. However, that performance came with materially greater risk: GPIQ’s 12-month volatility was 17.3% versus 14.9% for JEPQ, and its reported worst drawdown was -100.0% versus -20.1%. JEPQ outperformed GPIQ in 19 of the last 36 months, compared with 17 wins for GPIQ, indicating that GPIQ’s cumulative advantage was not consistently maintained. The figures therefore favor GPIQ on reported return, while JEPQ offered lower volatility, a substantially smaller drawdown, and a larger $43B asset base versus GPIQ’s $1B.
- Price is above its 200-day average ($54); 50-day at $57.
- RSI 37, neutral. Supertrend says sell. ADX 24, so the trend is developing.
- Price is above its 200-day average ($56); 50-day at $59.
- RSI 36, neutral. Supertrend says sell. ADX 29, so the trend is strong.
Head to head
Which has returned more, GPIQ or JEPQ?
GPIQ beat JEPQ in 17 of the last 36 months; JEPQ won the other 19. The typical monthly gap was 0.58 points.
Total return by period
Which is riskier?
GPIQ: Oct 19, 2023 to Oct 25, 2023; JEPQ: Feb 19, 2025 to Apr 8, 2025
- -0.069
- correlation of daily moves, 3 years
- -892109.37
- GPIQ move per 1% in JEPQ
- 0.960
- correlation, last 12 months
Month by month
Of the last 36 months. The typical gap was 0.58 points.
When did they diverge?
| Month | GPIQ | JEPQ | Gap |
|---|---|---|---|
| April 2026 | +12.7% | +7.8% | +4.85 pts |
| May 2026 | +8.5% | +4.2% | +4.32 pts |
| May 2025 | +7.6% | +3.7% | +3.89 pts |
| September 2026 | +1.8% | +4.1% | -2.36 pts |
Where the numbers come from. 753 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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