AMND vs. JEPI

Last updated Jun 4, 2026

AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index, while JEPI is a Dividend fund actively managed by JPMorgan. AMND is passively managed, while JEPI is actively managed. At a 0.40 correlation, their price movements are largely independent. AMND charges 0.75%/yr vs 0.35%/yr for JEPI.

Performance

AMND vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMND vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	21.27%	34.91%	10.45%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	12.69%

Correlation

The correlation between AMND and JEPI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020	0.40

The correlation between AMND and JEPI shifts across timeframes, from 0.30 (3 years) to 0.41 (5 years), reflecting how their relationship changes across market environments.

AMND vs. JEPI - Sectors Allocation Comparison

Sectors	AMND	JEPI
Basic Materials	0.0%	1.9%
Communication Services	0.0%	6.9%
Consumer Cyclical	0.0%	11.7%
Consumer Defensive	0.0%	9.6%
Energy	0.0%	3.5%
Financial Services	0.0%	9.8%
Healthcare	0.0%	14.1%
Industrials	0.0%	13.8%
Real Estate	0.0%	3.5%
Technology	0.0%	19.1%
Utilities	0.0%	6.2%

Return for Risk

AMND vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMND vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMND	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.99	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.01	—

Drawdowns

Drawdown Indicators

	AMND	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	—	-4.83%	—
Average Drawdown Average peak-to-trough decline	—	-2.12%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	AMND	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	7.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.80%	—

AMND vs. JEPI - Expense Ratio Comparison

AMND has a 0.75% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

AMND vs. JEPI - Dividend Comparison

AMND has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 8.27%.

Position	TTM	2025	2024	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both AMND and JEPI in my portfolio?

AMND and JEPI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMND or JEPI?

On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMND or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.75% for AMND.

Which ETF pays a higher dividend yield, AMND or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 0.00% for AMND.

What is the main difference between AMND and JEPI?

AMND is categorized as Energy Equities, while JEPI is Dividend. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.75% for AMND and 0.35% for JEPI.