BLV vs. JEPI
BLV (Vanguard Long-Term Bond ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index, while JEPI is a Dividend fund actively managed by JPMorgan. BLV is passively managed, while JEPI is actively managed. Over the past 5 years, BLV returned -5.11%/yr vs 7.50%/yr for JEPI. Their 0.19 correlation means their historical movements had little consistent relationship. BLV charges 0.03%/yr vs 0.35%/yr for JEPI.
Performance
BLV vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, BLV achieves a -2.38% return, which is significantly lower than JEPI's 5.04% return.
BLV
- 1D
- 0.44%
- 1M
- -3.14%
- 6M
- -2.34%
- YTD
- -2.38%
- 1Y
- -0.29%
- 3Y*
- 2.08%
- 5Y*
- -5.11%
- 10Y*
- 0.32%
- ALL TIME*
- 4.05%
JEPI
- 1D
- 0.50%
- 1M
- 1.78%
- 6M
- 2.32%
- YTD
- 5.04%
- 1Y
- 11.72%
- 3Y*
- 9.69%
- 5Y*
- 7.50%
- 10Y*
- —
- ALL TIME*
- 11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.99M | $52.76M | $45.16M | |
| $264.83M | $261.34M | $294.89M |
BLV vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | -2.38% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 4.99% |
JEPI JPMorgan Equity Premium Income ETF | 5.04% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between BLV and JEPI is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.19 |
The correlation between BLV and JEPI shifts across timeframes, from 0.19 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BLV vs. JEPI — Risk / Return Rank
BLV
JEPI
BLV vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) 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.
| BLV | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.76 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.11 | 4.99 | -5.10 |
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Drawdowns
BLV vs. JEPI - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BLV and JEPI.
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Drawdown Indicators
| BLV | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -13.71% | -24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.92% | -6.68% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -13.26% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -13.71% | -22.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.29% | — | — |
Current DrawdownCurrent decline from peak | -26.16% | -0.18% | -25.98% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -2.13% | -7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.35% | +0.31% |
Volatility
BLV vs. JEPI - Volatility Comparison
Vanguard Long-Term Bond ETF (BLV) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 2.19% and 2.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLV | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.21% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 6.39% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.77% | 8.10% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 11.11% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.95% | 10.73% | +1.22% |
BLV vs. JEPI - Expense Ratio Comparison
BLV has a 0.03% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
BLV vs. JEPI - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.97%, less than JEPI's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.97% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
JEPI JPMorgan Equity Premium Income ETF | 7.99% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLV and JEPI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (2.21%) compared to BLV (2.19%). In terms of maximum drawdown, BLV dropped -38.29% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.50% vs -5.11% for BLV. On fees, BLV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.50% return vs -5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 7.99%, compared with 4.97% for BLV.
BLV is categorized as Long-Term Bond, while JEPI is Dividend. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.03% for BLV and 0.35% for JEPI.
JEPI currently has the higher Sharpe Ratio (1.46 vs -0.04), 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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