QYLD vs JEPQ Stock Comparison: AI Score, Valuation, Performance and Upside
QYLD and JEPQ both target covered call income exposure but take different paths to get there — QYLD via the CBOE Nasdaq-100 BuyWrite V2 Index, and JEPQ via the Actively Managed (benchmarked to Nasdaq-100). The practical differences come down to issuer, cost structure, and the specific index rules each fund follows, since both are pursuing a similar investment outcome.
QYLD vs JEPQ is largely a question of which issuer and index methodology you trust more for covered call income exposure — the underlying investment case is similar, so cost, liquidity, and tracking precision tend to be the deciding factors.
JEPQ holds the edge across 3 of 5 key metrics in this comparison. QYLD has delivered stronger 1-year price return (+23.02% vs +18.55% for JEPQ).
- want maximum monthly income generation by fully capping Nasdaq-100 upside
- prefer Global X's approach and fund lineup
- value very high monthly income distribution from option premiums
- are comfortable with caps upside almost entirely in strong bull markets
- want high monthly income while retaining more upside participation than full covered-call funds
- prefer J.P. Morgan's approach and fund lineup
- value actively managed options overlay allows more upside than passive covered-call funds
- are comfortable with still caps a meaningful portion of upside in strong rallies
| Metric | QYLD | JEPQ |
|---|---|---|
| ETF scorei | 76.0 | 79.0 |
| Latest closei | $18.55 | $60.24 |
| 1M returni | +2.89% | +1.77% |
| 6M returni | +14.55% | +15.11% |
| 1Y returni | +23.02% | +18.55% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | QYLD | JEPQ |
|---|---|---|
| 1Y ago | $13.97K (+39.7%) started 2025-09-18 | $13.38K (+33.8%) started 2025-09-18 |
| 5Y ago | $35.55K (+255.5%) started 2021-09-20 | $35.69K (+256.9%) started 2022-05-04 |
| 10Y ago | $202.57K (+1925.7%) started 2016-09-19 | $35.69K (+256.9%) started 2022-05-04 |
Hypothetical — past performance does not guarantee future results.
| Metric | QYLD | JEPQ |
|---|---|---|
| Expense ratioi | 0.60% | 0.35% |
| Total assets (AUM)i | $8.32B | $42.21B |
| Dividend yieldi | 9.67% | 10.84% |
| Trailing P/Ei | 29.65 | 29.14 |
| Betai | 0.61 | 0.84 |
| 52-week change | 23.02% | 18.55% |
| Metric | QYLD | JEPQ |
|---|---|---|
| 1Y returni | +23.02% | +18.55% |
| 6M returni | +14.55% | +15.11% |
| 1M returni | +2.89% | +1.77% |
| 1Y Sharpe ratio | 1.51 | 0.93 |
| Betai | 0.61 | 0.84 |
| Dividend yieldi | 9.67% | 10.84% |
| 5Y CAGR | +8.84% | +16.03% |
Over the past year, QYLD and JEPQ have moved strongly in the same direction (correlation of 0.92), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | QYLD | JEPQ |
|---|---|---|---|
| 1Y | Growthi | +23.02% | +18.55% |
| CAGRi | +23.04% | +18.56% | |
| Volatilityi | 11.20% | 14.76% | |
| Sharpe ratioi | 1.51 | 0.93 | |
| Sortino ratioi | 2.27 | 1.34 | |
| Max drawdowni | 5.78% | 8.82% | |
| Current drawdowni | 0.00% | 0.00% | |
| Avg drawdowni | 0.68% | 1.37% | |
| Ulcer Indexi | 1.24% | 2.17% | |
| Max daily dropi | 1.97% | 3.01% | |
| Max wkly dropi | 3.52% | 5.58% | |
| 5Y | Growthi | +52.68% | +91.68% |
| CAGRi | +8.84% | +16.03% | |
| Volatilityi | 15.05% | 16.72% | |
| Sharpe ratioi | 0.34 | 0.71 | |
| Sortino ratioi | 0.47 | 1.01 | |
| Max drawdowni | 24.60% | 20.07% | |
| Current drawdowni | 0.00% | 0.00% | |
| Avg drawdowni | 5.58% | 3.30% | |
| Ulcer Indexi | 8.33% | 5.23% | |
| Max daily dropi | 5.82% | 5.57% | |
| Max wkly dropi | 10.69% | 11.10% | |
| 10Y | Growthi | +157.45% | +91.68% |
| CAGRi | +9.92% | +16.03% | |
| Volatilityi | 15.62% | 16.72% | |
| Sharpe ratioi | 0.40 | 0.71 | |
| Sortino ratioi | 0.54 | 1.01 | |
| Max drawdowni | 24.75% | 20.07% | |
| Current drawdowni | 0.00% | 0.00% | |
| Avg drawdowni | 4.18% | 3.30% | |
| Ulcer Indexi | 6.90% | 5.23% | |
| Max daily dropi | 10.23% | 5.57% | |
| Max wkly dropi | 16.04% | 11.10% |
| Category | QYLD | JEPQ |
|---|---|---|
| Fund name | Global X NASDAQ 100 Covered Call ETF | JPMorgan Nasdaq Equity Premium Income ETF |
| Type | ETF | ETF |
| Expense ratioi | 0.60% | 0.35% |
| Total assets (AUM)i | $8.32B | $42.21B |
| Dividend yieldi | 9.67% | 10.84% |
- Very high monthly income distribution from option premiums
- Provides some downside cushioning versus holding the index outright in flat markets
- Simple, rules-based, fully-covered call-writing strategy
- Actively managed options overlay allows more upside than passive covered-call funds
- High monthly income distribution
- Backed by J.P. Morgan's institutional options-management expertise
- Caps upside almost entirely in strong bull markets
- Distributions are often largely return of capital, not just income
- Can underperform the underlying Nasdaq-100 significantly over full cycles
- Still caps a meaningful portion of upside in strong rallies
- Actively managed strategy adds manager and process risk
- Higher expense ratio than a passive index fund
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