JEPQ vs QQQ comparison¶
JEPQ vs QQQ performance comment¶
Market Performance Metrics Overview¶
| Metric | Data1 | Data2 |
|---|---|---|
| High | 51.91 | 429.85 |
| Low | 49.00 | 395.34 |
| Close | 51.74 | 425.83 |
| Start Price | 49.57 | 402.59 |
| Gain % | 4.38% | 5.77% |
| Annualized Gain % | 66.58% | 87.79% |
| Annualized Volatility % | 9.31% | 13.96% |
| Max Drawdown % | -1.11% | -1.57% |
| Sharpe Ratio | 7.79 | 6.83 |
The table above provides an overview of key market performance metrics for market tickers JEPQ and QQQ over a 60-day period.
Insights and Commentary¶
Both markets have displayed positive gain percentages over the evaluated timeframe, with Data2 (QQQ) showing a slightly higher gain of 5.77% compared to 4.38% for Data1 (JEPQ). The annualized gain percentage indicates the yearly growth rate of an investment, with Data2 (QQQ) leading in this aspect with a rate of 87.79% in comparison to 66.58% for Data1 (JEPQ). This suggests that investment in QQQ has potentially provided higher returns over a longer period.
The annualized volatility percentage, which measures the risk or uncertainty about the size of changes in a security's value, is also higher for Data2 at 13.96% compared to 9.31% for Data1. This implies that QQQ has experienced more fluctuations in its price, presenting a higher level of risk.
When considering risk, the maximum drawdown percentage is important as it represents the largest loss from a peak to a trough experienced by an investment. Both markets have shown relatively minimal drawdowns, with Data1 (JEPQ) having a drawdown of -1.11% and Data2 (QQQ) with a drawdown of -1.57%.
The Sharpe ratio measures the risk-adjusted return of an investment asset, relative to the risk-free rate of return. It is evident that Data1 (JEPQ) has a higher Sharpe ratio of 7.79 compared to 6.83 for Data2 (QQQ), indicating that JEPQ has provided a more favorable balance between risk and return.
In conclusion, while both markets have demonstrated positive performance over the 60-day period, QQQ has exhibited higher potential returns over a longer period, albeit with increased volatility. Conversely, JEPQ has shown a more favorable risk-adjusted return, providing a balanced performance relative to the level of risk.
JEPQ YTD Return (Daily)¶
Comment on YTD Total Returns Results of JEPQ¶
Year-To-Date Performance¶
The YTD Open for JEPQ in the year 2022 was 49.78, and the YTD Close on 2024-01-24 was 51.74, resulting in a YTD Gain % of 4.38. The YTD Annualized Gain % stands at 66.58, indicating healthy growth over the year. The YTD Annualized Volatility % of 9.31 reflects the level of fluctuation in the stock's price over the year. The YTD Max Drawdown % of -1.11 shows the maximum loss experienced from the peak value to the subsequent trough during the year.
Last Year Performance¶
In the preceding year, the Last Year Annualized Gain % was 36.70, with a Last Year Annualized Volatility % of 11.30. The Last Year Max Drawdown % was -6.60. The Last Year Sharpe Ratio of 2.86 suggests relatively lower risk compared to the current year.
Historical Performance¶
Excluding the current year, the Historical Annualized Volatility stood at 17.81%, indicating a higher level of price fluctuation over the long term. The Historical Annualized Gain for the prior years, excluding the current one, was 11.97%. The Max Drawdown in Data (excluding current year) was -16.82%, signaling the most significant loss experienced historically.
Market Risk and Volatility¶
The above-Average Sharpe Ratio for all years (excluding last) was 0.67, which indicates the risk-adjusted return of the stock, with a higher value meaning better risk-adjusted performance. The Current average annualized volatility is 8.83%, while the Average annualized volatility a month ago was 6.00%.
Current Market Condition¶
The Current last close is at 51.74, and the Current MA 200 is at 46.10, MA 50 at 49.36, and MA 5 at 51.42. These moving averages suggest that the stock price is currently higher than the short-term and long-term averages, which may indicate a bullish trend in the market. However, the Current last 5 days gain % of 2.05 is a positive indicator of short-term growth.
JEPQ Annual Dividends¶
| Year | Annual Dividend | Dividend Yield |
|---|---|---|
| 2023 | $5.0 | 9.94% |
| 2022 | $3.85 | 9.51% |
JEPQ Montly Dividends¶
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.44 | $0.43 | $0.45 | $0.48 | $0.36 | $0.37 | $0.37 | $0.45 | $0.42 | $0.42 | $0.42 | $0.39 |
| 2022 | 0.0 | 0.0 | 0.0 | 0.0 | $0.38 | $0.34 | $0.41 | $0.55 | $0.38 | $0.68 | $0.55 | $0.58 |
Published: 2024-01-25
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