JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
JPMorgan Equity Premium Income ETF (JEPQ) is an actively managed exchange-traded fund (ETF). It is designed to provide investors with a diversified portfolio of equity securities with the potential for high income and capital appreciation. The ETF is managed by a team of investment professionals at JPMorgan Asset Management, who use a bottom-up, fundamental analysis approach to identify companies with solid cash flow and dividend growth potential.
The ETF invests in a diversified portfolio of equity securities of companies that are publicly traded in the U.S. and other developed markets. The fund's portfolio is diversified across sectors, market capitalizations, and geographies and is rebalanced periodically to ensure that it remains aligned with its investment objective.
JEPQ was launched on May 3, 2022, with an expense ratio of 0.35%.
ETF Info
| ISIN | US46654Q2030 |
|---|---|
| CUSIP | 46654Q203 |
| Issuer | JPMorgan Chase |
| Inception Date | May 3, 2022 |
| Region | North America (U.S.) |
| Category | Actively Managed, Dividend, Derivative Income |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | am.jpmorgan.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
JEPQ has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Nasdaq Equity Premium Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
JPMorgan Nasdaq Equity Premium Income ETF had a return of 11.70% year-to-date (YTD) and 27.24% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.70% | 11.18% |
| 1 month | 4.72% | 5.60% |
| 6 months | 15.78% | 17.48% |
| 1 year | 27.24% | 26.33% |
| 5 years (annualized) | N/A | 13.16% |
| 10 years (annualized) | N/A | 10.99% |
Monthly Returns
The table below presents the monthly returns of JEPQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.00% | 4.31% | 2.51% | -3.29% | 11.70% | ||||||||
| 2023 | 6.25% | -0.74% | 6.96% | 2.54% | 4.34% | 3.15% | 2.97% | -0.13% | -3.34% | -0.76% | 7.73% | 3.00% | 36.26% |
| 2022 | -3.73% | -6.25% | 8.21% | -5.13% | -8.85% | 4.48% | 5.14% | -6.09% | -12.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of JEPQ is 93, placing it in the top 7% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Nasdaq Equity Premium Income ETF granted a 8.81% dividend yield in the last twelve months. The annual payout for that period amounted to $4.77 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $4.77 | $5.00 | $3.85 |
Dividend yield | 8.81% | 10.02% | 9.44% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Nasdaq Equity Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.34 | $0.38 | $0.43 | $0.43 | $1.58 | |||||||
| 2023 | $0.00 | $0.44 | $0.43 | $0.45 | $0.48 | $0.36 | $0.37 | $0.37 | $0.45 | $0.42 | $0.42 | $0.81 | $5.00 |
| 2022 | $0.38 | $0.34 | $0.41 | $0.55 | $0.38 | $0.68 | $1.12 | $3.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Nasdaq Equity Premium Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Nasdaq Equity Premium Income ETF was 16.82%, occurring on Oct 14, 2022. Recovery took 133 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.82% | May 5, 2022 | 113 | Oct 14, 2022 | 133 | Apr 27, 2023 | 246 |
| -6.6% | Sep 15, 2023 | 30 | Oct 26, 2023 | 8 | Nov 7, 2023 | 38 |
| -6.04% | Apr 12, 2024 | 6 | Apr 19, 2024 | 17 | May 14, 2024 | 23 |
| -4.35% | Aug 1, 2023 | 14 | Aug 18, 2023 | 15 | Sep 11, 2023 | 29 |
| -1.92% | Dec 29, 2023 | 4 | Jan 4, 2024 | 3 | Jan 9, 2024 | 7 |
Volatility
Volatility Chart
The current JPMorgan Nasdaq Equity Premium Income ETF volatility is 4.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.