Compare/Updated Oct 26, 2026, refreshed every trading day
QYLD vs JEPQ
Global X - Nasdaq 100 Covered Call 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 better over the period: $1,000 invested on October 28, 2022 grew to $2,115, versus $1,818 for QYLD—returns of 111.5% and 81.8%, respectively. JEPQ also led over three years, gaining 71.8% versus QYLD’s 54.2%, despite having higher 12-month volatility of 14.9% versus 11.4% and a slightly deeper worst drawdown of -20.1% versus -19.0%. The funds’ daily moves were highly correlated at 0.927, but QYLD moved only 0.78% for each 1% move in JEPQ. JEPQ’s stronger cumulative performance came with greater recent risk, while QYLD offered lower volatility and a lower expense ratio was not enough to offset its weaker returns. JEPQ won 29 of the last 48 months, compared with 19 for QYLD.
- Price is above its 200-day average ($17); 50-day at $18.
- RSI 42, neutral. Supertrend says sell. ADX 29, so the trend is strong.
- 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, QYLD or JEPQ?
QYLD beat JEPQ in 19 of the last 48 months; JEPQ won the other 29. The typical monthly gap was 1.37 points.
Total return by period
Which is riskier?
QYLD: Feb 20, 2025 to Apr 8, 2025; JEPQ: Feb 19, 2025 to Apr 8, 2025
- 0.927
- correlation of daily moves, 4 years
- 0.78
- QYLD move per 1% in JEPQ
- 0.912
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.37 points.
When did they diverge?
| Month | QYLD | JEPQ | Gap |
|---|---|---|---|
| November 2023 | +3.6% | +7.7% | -4.10 pts |
| May 2024 | +1.6% | +5.0% | -3.44 pts |
| November 2024 | +2.4% | +5.6% | -3.13 pts |
| December 2022 | -3.0% | -6.1% | +3.08 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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