BDCX vs. JEPI
Compare and contrast key facts about ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) and JPMorgan Equity Premium Income ETF (JEPI).
BDCX and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDCX is a passively managed fund by UBS that tracks the performance of the MVIS US Business Development Companies (150%). It was launched on Jun 2, 2020. 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: BDCX or JEPI.
Key characteristics
| BDCX | JEPI | |
|---|---|---|
| YTD Return | 8.63% | 3.44% |
| 1Y Return | 39.29% | 8.92% |
| 3Y Return (Ann) | 10.81% | 7.24% |
| Sharpe Ratio | 2.18 | 1.25 |
| Daily Std Dev | 17.26% | 7.26% |
| Max Drawdown | -34.96% | -13.71% |
| Current Drawdown | -1.43% | -2.75% |
Correlation
The correlation between BDCX and JEPI is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BDCX vs. JEPI - Performance Comparison
In the year-to-date period, BDCX achieves a 8.63% return, which is significantly higher than JEPI's 3.44% 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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BDCX vs. JEPI - Expense Ratio Comparison
BDCX has a 0.95% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
BDCX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) 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
BDCX vs. JEPI - Dividend Comparison
BDCX's dividend yield for the trailing twelve months is around 14.82%, more than JEPI's 6.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 14.82% | 14.71% | 17.47% | 11.52% | 6.32% |
JEPI JPMorgan Equity Premium Income ETF | 6.87% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
BDCX vs. JEPI - Drawdown Comparison
The maximum BDCX drawdown since its inception was -34.96%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BDCX and JEPI. For additional features, visit the drawdowns tool.
Volatility
BDCX vs. JEPI - Volatility Comparison
ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a higher volatility of 3.90% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.60%. This indicates that BDCX'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.