JEPQ — JPMorgan Nasdaq Equity Premium Income ETF

JEPQ Price Performance — Growth of $10,000

Value of a $10,000 investment in JEPQ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

JEPQ Drawdown

The "underwater" chart: JEPQ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) operates within the Covered Call / Income category, which currently contains 10 ETFs tracked by ETFValuer. Issued by JPMorgan, the fund has accumulated $40.7 billion in assets under management while trading at a price of $57.20. It holds an overall rank of #208 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 62.1 out of 100. The fund charges an expense ratio of 0.35% and offers a dividend yield of 9.95%. The substantial asset size and high yield suggest significant investor adoption relative to the fund's cost structure and income generation strategy.

Over the most recent trading day, the fund declined by 0.94%, followed by a 4.11% drop over the past week and a 2.73% decrease over the last month. The three-month return shows a slight recovery with a -0.20% change, while the six-month period turned positive with a gain of 1.79%. Year-to-date performance stands at +4.19%, and the one-year return has reached +15.66%. Extending the view to a three-year horizon, the fund has delivered a cumulative return of +61.18%. This trajectory indicates a pattern where short-term volatility has given way to stronger gains over the longer term.

JEPQ carries a volatility label of Low and a beta of 0.78, suggesting the fund moves less than the broader market. A Sharpe ratio of 0.75 indicates the return generated per unit of risk taken is moderate relative to the risk-free rate. The maximum drawdown recorded for the fund is -20.07%, representing the largest peak-to-trough decline observed. This combination of a low beta and a defined maximum drawdown implies the fund may experience smaller swings than the market during downturns. The data suggests a profile where downside protection is present, though the fund still experienced significant drawdowns during specific periods.

AI-generated summary based on the data on this page.

JEPQ Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how JEPQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With JEPQ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with JEPQ's top 10 — QQQ overlaps most, holding 9 of the same companies as JEPQ's top 10 (37.9% of JEPQ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

JEPQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.19% and average daily volume is 7.0M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $40.7B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: JEPQ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

JEPQ Performance History

How JEPQ Compares to Other Covered Call / Income ETFs