JPMorgan Equity Premium Income ETF (JEPI)
JPMorgan Equity Premium Income ETF (JEPI) is an actively managed exchange-traded fund (ETF) that aims to provide investors with high current income and the potential for capital appreciation. The fund invests in a diversified portfolio of stocks that are selected based on their potential to generate income through monthly dividends and other distributions.
JEPI focuses on high-quality, blue-chip companies with a history of stable earnings and dividends. The fund typically invests in large and mid-cap stocks across various sectors, including financials, healthcare, consumer staples, and technology.
JEPI is managed by JPMorgan Asset Management, one of the largest asset managers in the world. The fund has an expense ratio of 0.35%, higher than many passively managed ETFs.
ETF Info
| ISIN | US46641Q3323 |
|---|---|
| CUSIP | 46641Q332 |
| Issuer | JPMorgan Chase |
| Inception Date | May 20, 2020 |
| Region | North America (U.S.) |
| Category | Large Cap Blend Equities, Actively Managed, Dividend |
| Index Tracked | No Index (Active) |
| ETF Home Page | am.jpmorgan.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The JPMorgan Equity Premium Income ETF has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in JPMorgan Equity Premium Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
JPMorgan Equity Premium Income ETF had a return of 2.55% year-to-date (YTD) and 3.57% in the last 12 months. Over the past 10 years, JPMorgan Equity Premium Income ETF had an annualized return of 12.52%, while the S&P 500 benchmark had an annualized return of 12.51%, indicating that JPMorgan Equity Premium Income ETF performed slightly bigger than the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -1.55% | 1.70% |
| Year-To-Date | 2.55% | 9.53% |
| 6 months | 0.99% | 4.45% |
| 1 year | 3.57% | 1.14% |
| 5 years (annualized) | 12.52% | 12.51% |
| 10 years (annualized) | 12.52% | 12.51% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.80% | -2.25% | 2.29% | 3.09% | ||||||||
| 2022 | 7.53% | 5.22% | -1.96% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 0.46 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
JPMorgan Equity Premium Income ETF granted a 14.94% dividend yield in the last twelve months. The annual payout for that period amounted to $8.09 per share.
| Period | TTM | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Dividend | $8.09 | $6.36 | $4.16 | $3.23 |
Dividend yield | 14.94% | 12.05% | 7.61% | 7.18% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Equity Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.44 | $0.41 | $0.45 | ||||||||
| 2022 | $0.00 | $0.38 | $0.46 | $0.59 | $0.47 | $0.52 | $0.62 | $0.50 | $0.56 | $0.48 | $0.61 | $1.18 |
| 2021 | $0.00 | $0.26 | $0.32 | $0.35 | $0.37 | $0.31 | $0.40 | $0.26 | $0.34 | $0.34 | $0.37 | $0.84 |
| 2020 | $0.49 | $0.29 | $0.45 | $0.43 | $0.52 | $1.04 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the JPMorgan Equity Premium Income ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the JPMorgan Equity Premium Income ETF is 13.71%, recorded on Sep 30, 2022. It took 144 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.71% | Apr 21, 2022 | 113 | Sep 30, 2022 | 144 | Apr 28, 2023 | 257 |
| -7.11% | Jan 3, 2022 | 36 | Feb 23, 2022 | 32 | Apr 8, 2022 | 68 |
| -4.52% | Sep 3, 2021 | 19 | Sep 30, 2021 | 18 | Oct 26, 2021 | 37 |
| -4.15% | Oct 13, 2020 | 14 | Oct 30, 2020 | 3 | Nov 4, 2020 | 17 |
| -3.58% | Sep 3, 2020 | 14 | Sep 23, 2020 | 10 | Oct 7, 2020 | 24 |
Volatility Chart
The current JPMorgan Equity Premium Income ETF volatility is 2.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.