JEPQ Vs. QQQM: Yield Spread Still Supports Buy Rating For JEPQ

(10min)

Summary

  • Tariff negotiations, especially between the U.S. and China, have significantly impacted the tech sector represented by the Nasdaq 100 index.
  • I see potential setbacks in the tariff renegotiation process, especially in the areas of semiconductors and electronics.
  • As such, I expect trade uncertainties to persist and keep causing volatility for QQQM.
  • I see JEPQ offering a more favorable return/risk ratio than QQQM.
  • JEPQ and QQQM’s dividend yield spread is still thick, and should volatilities return, JEPQ could offer better downside protection.
  • I do much more than just articles at Envision Early Retirement: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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ogichobanov

JEPQ vs. QQQM ETF: previous thesis and new catalysts

I last analyzed the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) back in March 2025. That analysis was titled “JEPQ: Buy The 11% Yield As QQQ Implied Volatility Nears

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This article was written by

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Sensor Unlimited is an economist by training with a PhD, with a focus on financial economics. She is a quantitative modeler and for the past decade she has been covering the mortgage market, commercial market, and the banking industry. She writes about asset allocation and ETFs, particularly those related to the overall market, bonds, banking and financial sectors, and housing markets.

Sensor Unlimited contributes to the investing group Envision Early Retirement which is led by Sensor Unlimited. They offer proven solutions to generate both high income and high growth with isolated risks through dynamic asset allocation. Features include: two model portfolios - one for short-term survival/withdrawal and one for aggressive long-term growth, direct access via chat to discuss ideas, monthly updates on all holdings, tax discussions, and ticker critiques by request. Learn More.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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