JEPQ
J.P. Morgan Nasdaq Equity Premium Income ETF
JEPQ is a fundamentally-driven NASDAQ 100-based portfolio designed to provide monthly income via options premium and dividends.
US
EQUITY
Active
MANAGEMENT STYLE
15.3 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
Fund sponsor | JPMorgan Chase |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 03, 2022 |
Assets (mns) | $15,307 |
Expense ratio | 35 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Monthly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | Yes |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
APPLE INC | 7.4 % |
MICROSOFT CORP | 7.1 % |
NVIDIA CORP | 6.4 % |
AMAZON.COM INC | 4.4 % |
ALPHABET INC. CLASS C | 4.1 % |
META PLATFORMS INC | 3.8 % |
BROADCOM INC. | 3.3 % |
TESLA MOTORS INC | 2.2 % |
NETFLIX INC | 1.7 % |
ADVANCED MICRO DEVICES | 1.6 % |
Constituent Breakdown
Number of holdings | 99 |
Herfindahl-Hirschman Index | 247 |
Wgt avg mkt cap (mns) | $857,798 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.2% |
Emerging mkts. | 0.8% |
Country Exposure
UNITED STATES | 77.4 % | |
NETHERLANDS | 1.4 % | |
BRITAIN | 1.0 % | |
IRELAND | 0.7 % | |
ARGENTINA | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 17.2% | 30.2% | 29.3% | -- | -- | -- | 17.9% | Volatility | 10.8% | 10.8% | 15.8% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.80 | 85% |
MSCI EAFE | 0.64 | 57% |
MSCI Emg Mkts | 0.50 | 36% |
Liquidity Measures
Avg. volume (000) | 2,745 |
Turnover | 1.0% |
Avg. Bid/Ask (% of price) | 0.02% |
ADV of underlying (mns) | $134,800 |
Technical Indicators
Recent close | $54.37 |
30d moving avg. | $53.48 |
Annualized volatility | 15.6% |
Relative strength (RSI) | 66 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JEPQ |
Expenses vs. JEPQ |
ALTAR Score™ vs. JEPQ |
---|---|---|---|---|
QYLD | Global X NASDAQ 100 Covered Call ETF | 68.9% | +25 bp | -0.3% |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 68.9% | +25 bp | -0.3% |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 68.7% | +25 bp | -0.3% |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 68.5% | +33 bp | -0.4% |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 68.5% | -10 bp | +0.1% |
QTR | Global X NASDAQ 100 Tail Risk ETF | 68.4% | -9 bp | +0.0% |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 64.0% | +25 bp | -0.2% |
ACIO | Aptus Collared Investment Opportunity ETF | 49.7% | +44 bp | -0.3% |
PBP | Invesco S&P 500 BuyWrite ETF | 48.5% | +14 bp | +0.2% |
XYLD | Global X S&P 500 Covered Call ETF | 47.9% | +25 bp | +0.1% |
Risk and Returns: JEPQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JEPQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
JEPQ
4.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. JEPQ's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places JEPQ in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JEPQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
JEPQ (35 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JEPQ | 35.0 | 2.1 | 37.1 |
Peer Avg. | 56.3 | 22.6 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .