BGLD vs. JEPI
BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BGLD is a Defined Outcome fund actively managed by FT Vest, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, BGLD returned 11.20%/yr vs 7.26%/yr for JEPI. At a 0.12 correlation, their price movements are largely independent. BGLD charges 0.91%/yr vs 0.35%/yr for JEPI.
Performance
BGLD vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, BGLD achieves a 0.32% return, which is significantly higher than JEPI's 0.15% return.
BGLD
- 1D
- -0.52%
- 1M
- 0.80%
- YTD
- 0.32%
- 6M
- 1.34%
- 1Y
- 12.93%
- 3Y*
- 19.37%
- 5Y*
- 11.20%
- 10Y*
- —
JEPI
- 1D
- 0.14%
- 1M
- -1.54%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 7.70%
- 3Y*
- 8.88%
- 5Y*
- 7.26%
- 10Y*
- —
BGLD vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 0.32% | 33.03% | 21.80% | 13.24% | -2.42% | -5.57% |
JEPI JPMorgan Equity Premium Income ETF | 0.15% | 8.09% | 12.57% | 9.83% | -3.49% | 20.61% |
Correlation
The correlation between BGLD and JEPI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | 0.12 |
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Return for Risk
BGLD vs. JEPI — Risk / Return Rank
BGLD
JEPI
BGLD vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) 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.
| BGLD | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.16 | +0.01 |
| Martin ratioReturn relative to average drawdown | 3.72 | 3.73 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BGLD | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.99 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.66 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.01 | +0.04 |
Drawdowns
BGLD vs. JEPI - Drawdown Comparison
The maximum BGLD drawdown since its inception was -16.19%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BGLD and JEPI.
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Drawdown Indicators
| BGLD | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.19% | -13.71% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -6.68% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -13.26% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -13.71% | -1.81% |
Current DrawdownCurrent decline from peak | -7.22% | -4.83% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -2.12% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.07% | +1.42% |
Volatility
BGLD vs. JEPI - Volatility Comparison
FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) has a higher volatility of 2.20% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that BGLD'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.
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Volatility by Period
| BGLD | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.35% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 6.07% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 7.85% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.97% | 11.06% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 10.80% | -0.91% |
BGLD vs. JEPI - Expense Ratio Comparison
BGLD has a 0.91% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
BGLD vs. JEPI - Dividend Comparison
BGLD's dividend yield for the trailing twelve months is around 44.18%, more than JEPI's 8.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 44.18% | 44.32% | 25.04% | 10.49% | 0.40% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.27% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Frequently Asked Questions
BGLD and JEPI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGLD has higher volatility (2.20%) compared to JEPI (1.35%). In terms of maximum drawdown, BGLD dropped -16.19% vs JEPI's -13.71%.
On 5-year performance, BGLD leads with 11.20% vs 7.26% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BGLD has performed better with a 11.20% return vs 7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPI is cheaper with a 0.35% expense ratio, compared with 0.91% for BGLD.
BGLD has the higher dividend yield at 44.18%, compared with 8.27% for JEPI.
BGLD is categorized as Defined Outcome, while JEPI is Dividend. They also come from different issuers: FT Vest and JPMorgan. Their fees differ too: 0.91% for BGLD and 0.35% for JEPI.
BGLD currently has the higher Sharpe Ratio (1.09 vs 0.99), 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.
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