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JPMorgan Equity Premium Income ETF (JEPI) Diversifiers

ETF · Currency in USD · Last updated Jul 16, 2026

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.

Looking to diversify beyond JEPI? The ETFs below have the lowest correlation with JEPI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JEPI.

Best Diversifiers for JEPI

430 ETFs have low correlation with JEPI (below 0.3), 43 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SMST
Defiance Daily Target 2X Short MSTR ETF-0.27——
53
Inverse EquitiesJEPI vs SMST
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.26——
61
Inverse Equities, Leveraged EquitiesJEPI vs MSTZ
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.24——
69
Derivative IncomeJEPI vs WNTR
YCS
ProShares UltraShort Yen-0.22-0.07-0.04
67
Leveraged CurrencyJEPI vs YCS
CAOS
Alpha Architect Tail Risk ETF-0.22-0.02—
53
Options TradingJEPI vs CAOS
See all 2148 diversifiers for JEPI

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JEPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JEPI and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.04, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
EQNR
Equinor ASA-0.040.080.14
78
Energy
VLO
Valero Energy Corporation-0.040.190.22
96
Energy
DINO
HF Sinclair Corp-0.020.190.24
94
Energy
OXY
Occidental Petroleum Corporation0.010.140.21
68
Energy
FLNG
FLEX LNG Ltd0.020.150.22
91
Energy
See all 248 low-correlation stocks for JEPI

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Diversification Analysis

Build a portfolio that complements JEPI

Add JEPI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with JEPI