Compare/Updated Oct 26, 2026, refreshed every trading day
JEPQ vs QQQ
JPMorgan Nasdaq Equity Premium Income ETF against Invesco QQQ Trust, Series 1: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQ did better over the 1,000 trading days from Oct. 28, 2022, to Oct. 23, 2026: $1,000 grew to $2,565 (+156.5%), versus $2,115 (+111.5%) for JEPQ. QQQ also led over 1 year (+16.9% vs. +13.7%), YTD (+15.1% vs. +9.9%), and 3 years (+97.2% vs. +71.8%), while JEPQ led over 3 months (+4.5% vs. +3.4%) and had the better 1-month result (-3.5% vs. -5.0%). The trade-off was risk: JEPQ’s 12-month volatility was 14.9% versus 20.0% for QQQ, and its worst drawdown was -20.1% versus -22.8%. With a 0.35% expense ratio versus QQQ’s 0.20%, JEPQ provided lower volatility but substantially lower returns. Their 0.956 correlation shows they generally moved together, although JEPQ moved 0.71% for each 1% move in QQQ.
- 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.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, JEPQ or QQQ?
JEPQ beat QQQ in 24 of the last 48 months; QQQ won the other 24. The typical monthly gap was 1.22 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 0.956
- correlation of daily moves, 4 years
- 0.71
- JEPQ move per 1% in QQQ
- 0.946
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.22 points.
When did they diverge?
| Month | JEPQ | QQQ | Gap |
|---|---|---|---|
| April 2026 | +7.8% | +15.7% | -7.85 pts |
| May 2026 | +4.2% | +10.6% | -6.37 pts |
| May 2025 | +3.7% | +9.2% | -5.47 pts |
| January 2023 | +6.3% | +10.7% | -4.38 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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