BALI vs. JEPI
Compare and contrast key facts about Blackrock Advantage Large Cap Income ETF (BALI) and JPMorgan Equity Premium Income ETF (JEPI).
BALI and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023. 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: BALI or JEPI.
Key characteristics
| BALI | JEPI | |
|---|---|---|
| YTD Return | 25.05% | 15.89% |
| 1Y Return | 31.39% | 19.32% |
| Sharpe Ratio | 3.29 | 2.89 |
| Sortino Ratio | 4.37 | 4.02 |
| Omega Ratio | 1.63 | 1.58 |
| Calmar Ratio | 4.28 | 5.23 |
| Martin Ratio | 19.75 | 20.45 |
| Ulcer Index | 1.68% | 0.99% |
| Daily Std Dev | 10.08% | 7.00% |
| Max Drawdown | -7.74% | -13.71% |
| Current Drawdown | -0.03% | -0.10% |
Correlation
The correlation between BALI and JEPI is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BALI vs. JEPI - Performance Comparison
In the year-to-date period, BALI achieves a 25.05% return, which is significantly higher than JEPI's 15.89% return. 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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BALI vs. JEPI - Expense Ratio Comparison
Both BALI and JEPI have an expense ratio of 0.35%.
Risk-Adjusted Performance
BALI vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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
BALI vs. JEPI - Dividend Comparison
BALI's dividend yield for the trailing twelve months is around 6.67%, less than JEPI's 7.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BALI Blackrock Advantage Large Cap Income ETF | 6.67% | 2.13% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.06% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
BALI vs. JEPI - Drawdown Comparison
The maximum BALI drawdown since its inception was -7.74%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BALI and JEPI. For additional features, visit the drawdowns tool.
Volatility
BALI vs. JEPI - Volatility Comparison
Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.43% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.95%. This indicates that BALI's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.