The Nasdaq-100 has delivered superior performance over the years. The index features the top 100 non-financial stocks listed on the Nasdaq exchange. It has delivered a 17.8% annualized total return over the last decade, significantly outperforming the S 500's 10.8% annualized total return.

The index does have some drawbacks, as it's more tech-heavy and tends to be more volatile. However, investors can cash in on its volatility, and upside potential, through a unique exchange-traded fund (ETF): JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ). It could potentially turn a $1,000 investment into a load of passive income while also growing in value.

The JPMorgan Nasdaq Equity Premium Income ETF has a rather bold objective. It aims to deliver monthly distributable Income to investors and Equity exposure to the Nasdaq-100 with less volatility. The actively managed fund uses a two-pronged strategy to achieve its goal:

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Source Fool.com