JEPQ vs SPY comparison¶
JEPQ vs SPY performance comment¶
Market Performance Metrics overview¶
| Metric | Market JEPQ | Market SPY |
|---|---|---|
| High | 51.91 | 488.77 |
| Low | 49.00 | 466.43 |
| Close | 51.74 | 485.39 |
| Start Price | 49.57 | 472.65 |
| Gain % | 4.38% | 2.70% |
| Annualized Gain % | 66.58% | 40.99% |
| Annualized Volatility % | 9.31% | 10.06% |
| Max Drawdown % | -1.11% | -1.14% |
| Sharpe Ratio | 7.79 | 4.49 |
The market comparison shows that both JEPQ and SPY experienced positive gains over the 60-day period. JEPQ demonstrated a higher gain percentage and annualized gain, suggesting it may have provided better returns for investors during this time frame. However, SPY exhibited slightly lower volatility and drawdown, potentially indicating a lower level of risk. The Sharpe ratio also favors JEPQ, indicating a more favorable risk-adjusted return compared to SPY.
Gain and Annualized Gain¶
The gain percentages for both markets indicate positive returns, with JEPQ outperforming SPY by approximately 1.68 percentage points. The annualized gain further reinforces JEPQ's stronger performance, as it achieved an annualized gain of 66.58% compared to SPY's 40.99%.
Volatility and Max Drawdown¶
While JEPQ demonstrated a lower annualized volatility of 9.31%, SPY's volatility remained slightly higher at 10.06%. This suggests that JEPQ experienced relatively less fluctuation in prices over the 60-day period. Additionally, both markets exhibited minimal drawdowns, with JEPQ at -1.11% and SPY at -1.14%, indicating relatively limited potential losses during this period.
Sharpe Ratio¶
The calculated Sharpe ratios confirm JEPQ's superior risk-adjusted return, with a higher ratio of 7.79 compared to SPY's 4.49. This implies that, for each unit of risk taken, JEPQ delivered a greater return than SPY, making it potentially more attractive to risk-averse investors.
Given these insights, investors may consider JEPQ for potentially higher returns, while acknowledging the accompanying slightly higher volatility compared to SPY. Those more focused on risk management might find SPY's lower volatility and drawdown, as well as its still positive returns and respectable Sharpe ratio, more appealing.
JEPQ YTD Return (Daily)¶
Comment on YTD Total Returns Results of JEPQ¶
YTD Performance¶
The JEPQ stock has shown promising performance from the beginning of the year, with a YTD Gain of 4.38% and an YTD Annualized Gain of 66.58%. The YTD Sharpe Ratio also indicates a high level of return relative to the risk taken, standing at 7.79. The stock has exhibited a YTD Max Drawdown of -1.11%, signifying relatively minimal risk of significant loss.
Last Year Performance¶
In the previous year, the stock demonstrated an Annualized Gain of 36.70% and a Volatility of 11.30%, with a Max Drawdown of -6.60%. These metrics reveal a strong performance in the last year, albeit with slightly higher volatility than the current year.
Historical Volatility and Gain¶
When considering historical data excluding the current year, the Historical Annualized Volatility stands at 17.81%, with Historical Annualized Gain at 11.97%. This indicates a higher level of volatility and lower return potential compared to the current year.
Average Sharpe Ratio and Current Trends¶
The Average Sharpe Ratio for all years, excluding the last, is 0.67, showcasing a lower return relative to risk for those years. The market has experienced recent growth, as evidenced by the Current Last 5 Days Gain of 2.05%, and the Current Last Close price of 51.74. Moreover, the JEPQ stock is currently above both the MA 200 and MA 50, standing at 46.10 and 49.36 respectively, indicating a bullish trend. The Current MA 5 of 51.42 also suggests a positive short-term outlook. The Current average annualized volatility is 8.83%, and the Average annualized volatility a month ago was 6.00%. This indicates an increase in short-term market volatility, which may impact future stock performance. Overall, the data suggests that the JEPQ stock has demonstrated strong performance in the current year. With a positive overall trend, the stock is currently trading above both the MA 200 and MA 50, which could indicate continued bullish momentum. However, the recent increase in short-term volatility warrants monitoring for potential market fluctuations in the near term.
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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