J.P. Morgan Nasdaq Equity Premium Income ETF
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2024E    2025E
P/E
ratio
26.3x P/Sales
ratio
4.9x
P/BV
ratio
6.0x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JEPQ is a fundamentally-driven NASDAQ 100-based portfolio designed to provide monthly income via options premium and dividends.

FUND BASICS
Category US Equities
Fund Sponsor JPMorgan Chase
Website am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-nasdaq-equity-premium-income-etf-etf-shares-46654q2
Inception date May 03, 2022
Assets (mns) $10,438
Currency USD
Expense ratio 35 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives Yes
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 85
Wgt avg mkt cap (mns) $800,904
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
MICROSOFT CORP 7.5 %
APPLE INC 6.2 %
NVIDIA CORP 4.9 %
AMAZON.COM INC 4.6 %
META PLATFORMS INC 4.3 %
ALPHABET INC. CLASS C 4.0 %
BROADCOM INC. 3.1 %
ADVANCED MICRO DEVICES 2.2 %
TESLA MOTORS INC 2.1 %
NETFLIX INC 1.8 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 79.7 %
NETHERLANDS 1.5 %
IRELAND 0.8 %
ARGENTINA 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.0% 32.6% -- -- 14.5%

Market Correlations
versus... Beta R-squared
S&P500 0.84 92%
MSCI EAFE 0.71 68%
MSCI Emg. Mkts. 0.52 42%

Technical Indicators
Recent close $52.98
30d moving avg. $48.94
Annualized volatility 17.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 2,699
Turnover 1.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $186,821

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 34 potential alternatives to the J.P. Morgan Nasdaq Equity Premium Income ETF ETF based on the alternatives' overlap in portfolio holdings with JEPQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JEPQ Expense: 35 bp ALTAR Score™: 4.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JEPQ
Ticker Fund
Name
Overlap1
vs JEPQ
(%)
Expense
ratio
(bp)
Savings
vs JEPQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs JEPQ
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 69.8 60 -25 4.2 -0.1
QRMI Global X NASDAQ 100 Risk Managed Income ETF 69.7 60 -25 4.2 -0.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 69.6 60 -25 4.1 -0.2
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 69.5 68 -33 4.1 -0.3
QCLR Global X NASDAQ 100 Collar 95-110 ETF 69.5 25 10 4.4 +0.1
QTR Global X NASDAQ 100 Tail Risk ETF 69.4 26 9 4.4 +0.1
QYLE Global X Nasdaq 100 ESG Covered Call ETF 63.6 60 -25 4.3 -0.1
FTQI First Trust Nasdaq BuyWrite Income ETF 51.8 75 -40 4.0 -0.3
ACIO Aptus Collared Investment Opportunity ETF 47.1 79 -44 4.3 -0.0
PBP Invesco S&P 500 BuyWrite ETF 46.1 49 -14 4.9 +0.6
XYLD Global X S&P 500 Covered Call ETF 45.8 60 -25 4.8 +0.5
XRMI Global X S&P 500 Risk Managed Income ETF 45.8 60 -25 4.8 +0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 45.5 60 -25 4.7 +0.4
XCLR Global X S&P 500 Collar 95-110 ETF 45.2 25 10 5.1 +0.7
XTR Global X S&P 500 Tail Risk ETF 45.1 26 9 5.0 +0.7
SFLR Innovator Equity Managed Floor ETF 43.3 89 -54 4.2 -0.2
XYLE Global X S&P 500 ESG Covered Call ETF 42.2 60 -25 4.8 +0.5
EFIV SPDR S&P 500 ESG ETF 42.2 10 25 5.1 +0.8
STLG iShares Factors US Growth Style ETF 38.5 25 10 5.5 +1.2
MMLG First Trust Multi-Manager Large Growth ETF 37.9 85 -50 2.0 -2.3
FTHI First Trust BuyWrite Income ETF 36.7 75 -40 5.5 +1.1
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 32.3 82 -47 5.8 +1.5
TYLG Global X Information Technology Covered Call & Growth ETF 30.3 60 -25 4.4 +0.0
THNQ ROBO Global Artificial Intelligence ETF 22.1 68 -33 1.7 -2.7
DJIA Global X Dow 30 Covered Call ETF 16.3 60 -25 5.3 +1.0
DYLG Global X Dow 30 Covered Call & Growth ETF 16.2 60 -25 5.3 +0.9
LCG Sterling Capital Focus Equity ETF 13.9 59 -24 3.0 -1.3
DIVO Amplify CWP Enhanced Dividend Income ETF 12.9 55 -20 5.5 +1.2
CCOR Core Alternative ETF 11.3 107 -72 5.2 +0.9
XVOL Acruence Active Hedge U.S. Equity ETF 8.8 83 -48 5.0 +0.7
HYLG Global X Health Care Covered Call & Growth ETF 5.4 60 -25 6.3 +1.9
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 2.7 75 -40 5.8 +1.5
FYLG Global X Financials Covered Call & Growth ETF 0.7 60 -25 5.6 +1.3
IDVO Amplify International Enhanced Dividend Income ETF 0.7 65 -30 8.7 +4.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
J.P. Morgan Nasdaq Equity Premium Income ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 27.0 %
Divided by: Fwd. P/BV 5.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.