BALI vs. JEPI

Last updated Jun 24, 2026

BALI (Blackrock Advantage Large Cap Income ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BALI is a Derivative Income fund actively managed by BlackRock, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past year, BALI returned 22.98% vs 7.76% for JEPI. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

BALI vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Advantage Large Cap Income ETF (BALI) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALI achieves a 8.90% return, which is significantly higher than JEPI's 0.91% return.

BALI

• 1D: -1.07%
• 1M: -1.38%
• YTD: 8.90%
• 6M: 8.29%
• 1Y: 22.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPI

• 1D: -0.43%
• 1M: -0.19%
• YTD: 0.91%
• 6M: 0.64%
• 1Y: 7.76%
• 3Y*: 8.98%
• 5Y*: 7.31%
• 10Y*: —

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

BALI vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BALI Blackrock Advantage Large Cap Income ETF	8.90%	14.51%	22.38%	9.71%
JEPI JPMorgan Equity Premium Income ETF	0.91%	8.09%	12.57%	5.74%

Correlation

The correlation between BALI and JEPI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.74

The correlation between BALI and JEPI shifts across timeframes, from 0.61 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

BALI vs. JEPI - Sectors Allocation Comparison

Sectors	BALI	JEPI
Technology	35.4%	15.3%
Communication Services	10.1%	6.3%
Consumer Cyclical	9.7%	10.0%
Healthcare	9.5%	11.6%
Financial Services	9.2%	7.2%
Industrials	7.0%	9.7%
Consumer Defensive	5.8%	7.8%
Energy	4.0%	2.5%
Real Estate	2.1%	2.7%
Utilities	2.0%	4.7%
Basic Materials	1.4%	1.7%

Return for Risk

BALI vs. JEPI — Risk / Return Rank

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

BALI

BALI Risk / Return Rank: 74
BALI Sharpe Ratio Rank: 72
BALI Sortino Ratio Rank: 70
BALI Omega Ratio Rank: 73
BALI Calmar Ratio Rank: 71
BALI Martin Ratio Rank: 83

JEPI

JEPI Risk / Return Rank: 27
JEPI Sharpe Ratio Rank: 28
JEPI Sortino Ratio Rank: 27
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 25
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.

BALI vs. JEPI - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BALI	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.21	0.97	+1.23
Sortino ratio: Return per unit of downside risk	3.03	1.45	+1.58
Omega ratio: Gain probability vs. loss probability	1.41	1.18	+0.23
Calmar ratio: Return relative to maximum drawdown	3.44	1.17	+2.27
Martin ratio: Return relative to average drawdown	16.45	3.44	+13.00

BALI vs. JEPI - Sharpe Ratio Comparison

The current BALI Sharpe Ratio is 2.21, which is higher than the JEPI Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of BALI and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BALI vs. JEPI - Drawdown Comparison

The maximum BALI drawdown since its inception was -16.65%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BALI and JEPI.

Drawdown Indicators

	BALI	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.65%	-13.71%	-2.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-6.68%	-0.03%
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	-2.49%	-4.11%	+1.62%
Average Drawdown Average peak-to-trough decline	-1.63%	-2.13%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	2.26%	-0.86%

Volatility

BALI vs. JEPI - Volatility Comparison

Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 4.07% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. 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.

Volatility by Period

	BALI	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	2.38%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	6.29%	+2.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	8.03%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.02%	11.08%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.02%	10.78%	+2.24%

BALI vs. JEPI - Expense Ratio Comparison

Both BALI and JEPI have an expense ratio of 0.35%.

Dividends

BALI vs. JEPI - Dividend Comparison

BALI's dividend yield for the trailing twelve months is around 7.83%, less than JEPI's 8.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BALI Blackrock Advantage Large Cap Income ETF	7.83%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.21%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both BALI and JEPI in my portfolio?

BALI and JEPI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BALI or JEPI?

BALI has higher volatility (4.07%) compared to JEPI (2.38%). In terms of maximum drawdown, BALI dropped -16.65% vs JEPI's -13.71%.

Which ETF is better, BALI or JEPI?

On 1-year performance, BALI leads with 22.98% vs 7.76% for JEPI. Both ETFs have the same 0.35% expense ratio. On volatility, JEPI has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BALI or JEPI?

Over the 1-year period, BALI has performed better with a 22.98% return vs 7.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BALI or JEPI?

BALI and JEPI have the same expense ratio: 0.35% per year.

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

JEPI has the higher dividend yield at 8.21%, compared with 7.83% for BALI.

What is the main difference between BALI and JEPI?

BALI is categorized as Derivative Income, while JEPI is Dividend. They also come from different issuers: BlackRock and JPMorgan.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.21 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.