AMJ vs. JEPI
Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and JPMorgan Equity Premium Income ETF (JEPI).
AMJ and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMJ is a passively managed fund by JPMorgan Chase that tracks the performance of the Alerian MLP Index. It was launched on Apr 2, 2009. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMJ or JEPI.
Key characteristics
| AMJ | JEPI |
|---|
Correlation
The correlation between AMJ and JEPI is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMJ vs. JEPI - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMJ vs. JEPI - Expense Ratio Comparison
AMJ has a 0.85% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
AMJ vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Alerian MLP Index ETN (AMJ) and JPMorgan Equity Premium Income ETF (JEPI). 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.
Dividends
AMJ vs. JEPI - Dividend Comparison
AMJ has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 7.06%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMJ J.P. Morgan Alerian MLP Index ETN | 3.03% | 6.54% | 6.33% | 7.31% | 10.87% | 8.30% | 8.38% | 6.96% | 47.34% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.06% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMJ vs. JEPI - Drawdown Comparison
Volatility
AMJ vs. JEPI - Volatility Comparison
The current volatility for J.P. Morgan Alerian MLP Index ETN (AMJ) is 0.00%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.95%. This indicates that AMJ experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.