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JEPI vs QQQ: Performance & Backtest Comparison
QQQ delivered the higher return - 19.68% CAGR vs 6.12% - over 2020-06-30 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| JEPI | QQQ | |
|---|---|---|
| Name | JPMorgan Equity Premium Income ETF | Invesco QQQ Trust, Series 1 |
| CAGR | 6.12% | 19.68% |
| Total return | 44.26% | 202.78% |
| Volatility | 10.42% | 20.52% |
| Max drawdown | -18.27%Sep 2022 | -32.70%Dec 2022 |
| Sharpe | 0.35 | 0.85 |
| Sortino | 0.55 | 1.47 |
| Best year | 15.68% | 54.85% |
| Worst year | -12.27% | -32.70% |
| Final balance | $14,426 | $30,278 |
Correlation of monthly returns: 0.65. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, JEPI or QQQ?
Over 2020-06-30 to 2026-07-31, QQQ performed better: 19.68% annualized versus 6.12% for JEPI, with dividends reinvested. Past performance does not guarantee future results.
How similar are JEPI and QQQ?
Their monthly returns have a correlation of 0.65 over the common period. JEPI is JPMorgan Equity Premium Income ETF; QQQ is Invesco QQQ Trust, Series 1.
Which is riskier, JEPI or QQQ?
Over the common period JEPI had 10.42% annualized volatility and a -18.27% max drawdown, versus 20.52% and -32.70% for QQQ.