JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) Performance
JEPQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.9% since Dec 31, 2025
- 1 year
- +12.9% total return
- 3 years
- +20.3% a year
- Since first price
- +15.1% a year since 2022
JEPQ trailing returns vs SPY, QQQ, AGG
| Period | JEPQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.5% | −4.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.7% | −0.7% | +7.8% | +8.4% | −1.5% |
| YTD | +9.9% | +0.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.9% | +0.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +74.2%+20.3%/yr | +25.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 4, 2022 | +87.8%+15.1%/yr | +14.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JEPQ vs SPY
From May 4, 2022: JEPQ grew to $18,776, SPY to $18,813.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JEPQ returns by calendar year
3 of 3 full years positive. Best 2023 (+36.3%), worst 2025 (+15.2%). 2026 is year to date.
JEPQ annual returns table
| Year | JEPQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.9% | −8.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.2% | −20.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +24.9% | −10.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +36.3% | −6.6% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JEPQ largest drawdowns
Now 4.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −20.1% | Apr 8, 2025 | Aug 8, 2025 | 48 days | 6 months |
| May 4, 2022 | −16.8% | Oct 14, 2022 | Apr 27, 2023 | 5 months | 12 months |
| Jul 10, 2024 | −10.7% | Aug 7, 2024 | Oct 8, 2024 | 28 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JEPQ risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +21.8% | +17.7% |
| Volatility (annualized) | 11.2% | 13.7% |
| Sharpe ratio | 1.45 | 0.96 |
| Sortino ratio | 2.60 | 1.53 |
| Best month | +7.8% | +8.2% |
| Worst month | −6.7% | −8.8% |
| Best 12 months | +30.7% | +38.8% |
| Worst 12 months | +5.9% | +5.9% |
| Positive months | 78% | 71% |
| Beta vs S&P 500 | 0.80 | — |
| Correlation with S&P 500 | 0.89 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JEPQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 42 | +5.9% | +20.6% | +38.8% | 100% |
| 3-year (a year) | 18 | +14.3% | +20.8% | +25.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
JEPQ performance overview
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) returned +12.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +15.1% a year, turning $10,000 into about $18,776. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.1%, from Feb 19, 2025 to Apr 8, 2025, and it took 4 months to get back to the old high. JEPQ finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+36.3%) and the worst 2025 (+15.2%). Volatility has been 13.7% a year.
Related: JEPQ chart, JEPQ holdings, JEPQ dividends, JEPQ valuation. See the JEPQ overview for the latest quote and fund facts.
JEPQ performance FAQ
What is the JEPQ return over the past year?
JEPQ returned +12.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.5%.
How much would $10,000 invested in JEPQ be worth?
$10,000 invested in JEPQ at its first recorded close on May 4, 2022 would be worth about $18,776 on October 23, 2026 with distributions reinvested.
What was the worst year for JEPQ?
The worst calendar year was 2025, with a total return of +15.2%. The best was 2023 at +36.3%.
What is the biggest drawdown of JEPQ?
The largest peak-to-trough decline was −20.1% between February 19, 2025 and April 8, 2025. It recovered to the old high on August 8, 2025, 4 months after the bottom.
How volatile is JEPQ?
Over the past 3 years JEPQ had an annualized volatility of 11.2% and a Sharpe ratio of 1.45 (excess return over 1–3 month T-bills per unit of risk).