Compare/Updated Oct 26, 2026, refreshed every trading day
JEPI vs JEPQ
JPMorgan Equity Premium Income ETF against JPMorgan Nasdaq Equity Premium Income ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
JEPQ did best over the period, turning $1,000 into $2,115 for a 111.5% gain, ahead of SCHD at $1,649 (+64.9%) and JEPI at $1,452 (+45.2%). JEPQ’s stronger performance reflects greater exposure to Nasdaq-oriented growth, but it came with the highest 12-month volatility at 14.9% and the deepest drawdown at -20.1%. SCHD delivered the second-best long-term return and currently has the strongest recent momentum, including a 31.8% YTD gain, while carrying intermediate risk: 11.3% volatility and a -16.1% drawdown. JEPI was the most defensive, with 7.9% volatility and a -13.3% drawdown, but its lower return shows the trade-off for stability. The comparison matters because JEPQ maximized growth, SCHD balanced return and risk, and JEPI prioritized downside control.
- Price is above its 200-day average ($56); 50-day at $57.
- RSI 52, neutral. Supertrend says buy. ADX 23, 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, JEPI or JEPQ?
JEPI beat JEPQ in 16 of the last 48 months; JEPQ won the other 32. The typical monthly gap was 2.05 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 0.751
- correlation of daily moves, 4 years
- 0.48
- JEPI move per 1% in JEPQ
- 0.516
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 2.05 points.
When did they diverge?
| Month | JEPI | JEPQ | Gap |
|---|---|---|---|
| July 2026 | +2.4% | -4.2% | +6.61 pts |
| May 2026 | -1.9% | +4.2% | -6.14 pts |
| May 2023 | -1.7% | +4.3% | -6.07 pts |
| September 2026 | -1.6% | +4.1% | -5.70 pts |
Where the numbers come from. 1000 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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