BND.TO vs. JEPI
BND.TO (Purpose Global Bond Fund) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BND.TO is a Global Bonds fund, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, BND.TO returned 3.28%/yr vs 10.37%/yr for JEPI. At a 0.13 correlation, their price movements are largely independent.
Performance
BND.TO vs. JEPI - Performance Comparison
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Different Trading Currencies
BND.TO is traded in CAD, while JEPI is traded in USD. To make them comparable, the JEPI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BND.TO achieves a 1.55% return, which is significantly lower than JEPI's 4.33% return.
BND.TO
- 1D
- 0.22%
- 1M
- 1.11%
- YTD
- 1.55%
- 6M
- 1.75%
- 1Y
- 5.96%
- 3Y*
- 7.48%
- 5Y*
- 3.28%
- 10Y*
- 3.04%
JEPI
- 1D
- -0.54%
- 1M
- 2.58%
- YTD
- 4.33%
- 6M
- 3.64%
- 1Y
- 11.05%
- 3Y*
- 11.71%
- 5Y*
- 10.37%
- 10Y*
- —
BND.TO vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 1.55% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 11.34% |
JEPI JPMorgan Equity Premium Income ETF | 4.33% | 3.16% | 22.10% | 7.21% | 2.63% | 21.46% | 8.56% |
Correlation
The correlation between BND.TO and JEPI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.13 |
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Return for Risk
BND.TO vs. JEPI — Risk / Return Rank
BND.TO
JEPI
BND.TO vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) 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.
| BND.TO | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.02 | +0.06 |
| Martin ratioReturn relative to average drawdown | 8.59 | 5.48 | +3.11 |
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Drawdowns
BND.TO vs. JEPI - Drawdown Comparison
The maximum BND.TO drawdown since its inception was -16.55%, which is greater than JEPI's maximum drawdown of -14.43%. Use the drawdown chart below to compare losses from any high point for BND.TO and JEPI.
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Drawdown Indicators
| BND.TO | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.55% | -14.43% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -5.48% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -14.43% | +9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -12.43% | -14.43% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -16.55% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.72% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -2.37% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.02% | -1.32% |
Volatility
BND.TO vs. JEPI - Volatility Comparison
The current volatility for Purpose Global Bond Fund (BND.TO) is 1.22%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.78%. This indicates that BND.TO experiences smaller price fluctuations and is considered to be less risky 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
| BND.TO | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.78% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 7.15% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 9.04% | -5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 12.58% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 12.43% | -7.28% |
Dividends
BND.TO vs. JEPI - Dividend Comparison
BND.TO's dividend yield for the trailing twelve months is around 5.82%, less than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 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
BND.TO and JEPI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND.TO is categorized as Global Bonds, while JEPI is Dividend.
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