JEPQ · JPMorgan Nasdaq Equity Premium Income ETF
Issuer: J.P. Morgan Asset Management
An actively managed ETF launched in May 2022. It holds a portfolio of U.S. large-cap equities, substantially drawn from the Nasdaq-100, and seeks monthly income partly through call-option premiums embedded in equity-linked notes (ELNs). This strategy offers participation in equity appreciation and recurring distributions, but can limit upside in strong rallies and exposes investors to equity declines, ELN counterparty risk, and variable distributions. The annual expense ratio is 0.35%.
ETF · US ETF average
Long-term returns ★★★★★☆☆☆☆☆ Under 5 years since launch; no 5Y return yet.
Stability ★★★★★★☆☆☆☆ Max price drawdown since inception: about 21.6%.
Costs ★★★★★★★☆☆☆ Annual total expense ratio: 0.35%.
Upside potential ★★★★★★★★☆☆ Best calendar-year total return: 36.2% in 2023.
Liquidity ★★★★★★★★★☆ Hundreds of millions of USD traded daily.
Performance
1-month total return: -6%
1-year total return: 9%
5-year total return: —
Stability
1-month MDD: -11%
1-year MDD: -13%
5-year MDD: —