CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Shaun David, Co-Founder. Data refreshed daily. Not financial advice.
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is an actively managed ETF focused on the Nasdaq-100 Index, employing an options-based strategy to generate income. Its strategy aims to provide exposure to U.S. large-cap stocks, particularly in technology and growth sectors, while writing call options to enhance yield. The fund's recent performance shows a YTD return of 14.19% and a 1-year return of 19.46%. Despite a strong underlying sector, JEPQ's current price action suggests a shift in short-term momentum.
JEPQ at a glance
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ): Hold, 55/100 on CleaRank's AI score.
TrendMixed: the price is above its 200-day but below its 50-day moving average ($59.06 and $60.23).
FundExpense ratio 0.35%, $44.3B in net assets, +19.5% total return over 1 year.
As of October 15, 2026, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) trades at $59.85. The 14-day RSI (daily closes) is 39, showing bearish momentum without being oversold, and the price is below its 50-day simple moving average of $60.23.
Figures as of October 15, 2026.
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Figures we compute ourselves from JEPQ's own price history. Tap one to see it in context.
JPMorgan Nasdaq Equity Premium Income ETF is an actively managed exchange-traded fund designed to provide exposure to a portfolio of U.S. large-cap stocks, with a strong focus on companies represented in the Nasdaq-100 Index. The fund uses an options-based income strategy, combining equity holdings with call option writing through equity-linked notes to generate monthly income while maintaining participation in equity market trends.
Issuer
JPMorgan
Category
Derivative Income
Inception
May 3, 2022
Expense ratio
0.35%
Net assets
$44.32B
Distribution yield
11.05%
YTD return
14.19%
Turnover
174.00%
Sector weights
Technology61.0%
Communication Services12.6%
Consumer Cyclical10.5%
Consumer Defensive5.2%
Healthcare4.2%
Industrials3.9%
Other1.7%
Trailing total returns
Period
JEPQ
YTD
14.19%
1 month
2.91%
3 months
3.02%
1 year
19.46%
3 years
21.85%
As of Oct 15, 2026, JEPQ has an expense ratio of 0.35%, $44.32B in net assets and a distribution yield of 11.05%.
Fund reference data as of Oct 15, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
JEPQ Analysis
AI Analyst Consensus ScoreHold
Momentum has turned for JEPQ: the 14-day RSI has moved to 39.33, indicating bearish momentum. The ETF's current price of $59.85 is below its 20-day EMA ($60.66) and its 50-day SMA ($60.23), signaling short-term downward pressure. However, the price remains above its 200-day SMA ($59.06), suggesting that the longer-term trend is still intact. The Stochastic indicator at 28.70 further supports the notion of bearish momentum in the short term.
ProTips
Monitor the 50-day SMA for signs of trend reversal.
Market Outlook
The outlook for JEPQ is mixed, with a strong underlying sector and income generation strategy contrasted by current bearish technical signals. The fund's focus on technology and growth companies within the Nasdaq-100 positions it to benefit from innovation and market expansion in the long term. However, the recent price action below key short-term moving averages and a bearish RSI suggest potential for near-term headwinds. For the next 6-12 months, JEPQ's performance will likely depend on the broader market sentiment towards growth stocks and the effectiveness of its options strategy in generating income amidst potential volatility. A sustained move above the 50-day SMA would signal a potential shift back to a more bullish technical stance.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.92
Strong correlation
Nasdaq 100 (QQQ)+0.95
Strong correlation
Bitcoin (BTC)+0.44
Moderate correlation
Gold (XAU)+0.18
Weak correlation
As of October 15, 2026, JEPQ's 1-year correlation of daily returns is +0.92 with S&P 500 (SPY), +0.95 with Nasdaq 100 (QQQ), +0.44 with Bitcoin (BTC) and +0.18 with gold (XAU).
Check Custom Correlation
How does any other asset move with JEPQ? One year of daily closes, Pearson correlation.
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Key Statistics
Net Assets
44.32B
Expense Ratio
0.3500%
Yield
11.05%
Day High
$59.97
Day Low
$59.21
52 Week High
61.72
52 Week Low
53.51
JEPQ's strategy centers on U.S. large-cap stocks, with a significant concentration in the Technology sector, accounting for 60.95% of its holdings. Communication Services and Consumer Cyclical sectors follow, representing 12.64% and 10.46% respectively. The fund's asset allocation is 82.73% in stocks and 1.79% in cash. The expense ratio is 0.35%, costing $35.00 per $10,000 invested. The fund's yield is 11.05%, reflecting its income-generating strategy through equity-linked notes and call option writing.
Fund Performance Analysis
As an ETF focused on income generation through options strategies on the Nasdaq-100, JEPQ's earnings analysis is tied to the performance of its underlying equity holdings and the premiums generated from options. The Nasdaq-100 index, which heavily influences JEPQ's portfolio, is composed of large-cap growth companies, primarily in technology. The aggregate earnings trends of these underlying companies are key for the fund's overall performance and its ability to generate consistent income.
Key Risks
The primary risk for JEPQ lies in its concentration within the Technology sector, making it susceptible to sector-specific downturns. The options-based income strategy, while designed to enhance yield, can also limit upside participation in strong bull markets and introduce complexity. Also, the fund's price is currently trading below its short-term moving averages, indicating potential for further price declines.
Technical Indicators i
RSI (14-day)
39.33
MACD (12, 26)
0.102
SMA (50-day)
60.23
SMA (200-day)
59.06
Technical RatingNeutral
RSI
Bearish
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bullish
Golden Cross in effect with the 50-day SMA ($60.23) above the 200-day SMA ($59.06), price is trading below the 50-day SMA.
As of October 15, 2026, with JEPQ at $59.85, its 14-day RSI is 39.3 (showing bearish momentum without being oversold), its 50-day simple moving average is $60.23 and its 200-day is $59.06.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
JEPQ Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Entry Strategies pick an entry style
Conservative
$59.25
Slight discount to current
Wait for small dip
Aggressive
$59.85
At current price
Enter now if confident
Risk Management
STOP LOSS
$57.47
MAX LOSS
-3.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (39.3) and current market volatility
These levels come from JEPQ's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in JEPQ in May 2022 would be worth about $19,206 today with dividends reinvested, compared with about $19,047 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
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JEPQ Drawdowns & Recovery
Worst fall, last 4 years
-16.5%
May 2022 to October 2022
Recovery
7 months
back at the old peak by May 2023
From the 4-year high
-2.6%
highest close, June 2026
1-year holds that gained
99%
of every 1-year window
As of October 15, 2026, JEPQ's worst peak-to-trough fall over the last 4 years with dividends reinvested was -16.5% (May 2022 to October 2022); it regained that peak by May 2023, 7 months after the low, and 99% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in JEPQ today could grow to about $16,810 by 2036 in the base case, with a 90th-percentile outcome near $33,369 and a 10th-percentile outcome around $8,468. The simulation models price only; at today's 11.05% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
JEPQ 2030 Scenarios (Monte Carlo)
CleaRank's simulation projects a price near $73.67 for JEPQ by 2030 in the base case, from $59.85 today (1.2x over 4 years). The 10th-percentile path ends near $47.75. These are outcomes of a Monte Carlo simulation run on JEPQ's historical return distribution, not price targets, and they assume no dividends are reinvested.
JEPQ simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$50.75
$63.04
$78.30
2028
$48.87
$66.40
$90.23
2029
$48.04
$69.94
$102
2030
$47.75
$73.67
$114
2031
$47.79
$77.60
$126
Method: a lognormal simulation of JEPQ's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
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Frequently Asked Questions
What is the expense ratio for the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)?
The expense ratio for JEPQ is 0.35%, which translates to a cost of $35.00 per $10,000 invested annually.
What sectors does JEPQ concentrate its holdings in?
JEPQ concentrates heavily in the Technology sector, making up 60.95% of its holdings. Other significant sectors include Communication Services (12.64%) and Consumer Cyclical (10.46%).
What is JEPQ's distribution yield?
JEPQ offers a distribution yield of 11.05%.
What are the key technical indicators for JEPQ?
JEPQ's 14-day RSI is 39.3 (bearish momentum), its price is below the 20-day EMA and 50-day SMA, but above the 200-day SMA.
What is the primary strategy of the JPMorgan Nasdaq Equity Premium Income ETF?
JEPQ is an actively managed ETF that seeks to provide exposure to U.S. large-cap stocks from the Nasdaq-100 Index, using an options-based income strategy to generate monthly income while participating in equity market trends.
What is JEPQ's biggest drop in the last 4 years?
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)'s worst peak-to-trough fall over the last 4 years was -16.5%, from May 2022 to October 2022 (with dividends reinvested). It regained that peak by May 2023, 7 months after the low. Over the same period, 99% of 1-year holding periods ended with a gain.
What are JEPQ's best and worst months?
Over the last 5 years, May has been JEPQ's strongest month on average (+4.82%, rising in 4 of 4 years) and July its weakest (-0.20%, rising in 3 of 5 years). Seasonal averages describe the past and do not predict a given year.
How closely does JEPQ move with the stock market?
Over the past year JEPQ's daily returns were strongly correlated with the S&P 500 (SPY) (+0.92). Nasdaq 100 (QQQ): +0.95; Bitcoin (BTC): +0.44; Gold (XAU): +0.18. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in JEPQ be worth today?
$10,000 put into JEPQ in May 2022 would be worth about $19,206 today with dividends reinvested, against about $19,047 for the same amount in the S&P 500 on the same basis.
What does CleaRank's simulation show for JEPQ in 2030?
CleaRank's Monte Carlo simulation, built from JEPQ's own historical volatility, puts the 2030 base case near $73.67, with 10th and 90th percentile outcomes of $47.75 and $113.66. It is a range of simulated outcomes, not a price target.
