CVRD vs. JEPI
Compare and contrast key facts about Madison Covered Call ETF (CVRD) and JPMorgan Equity Premium Income ETF (JEPI).
CVRD and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVRD is an actively managed fund by Madison. It was launched on Aug 21, 2023. 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: CVRD or JEPI.
Key characteristics
| CVRD | JEPI | |
|---|---|---|
| YTD Return | 4.88% | 12.16% |
| 1Y Return | 7.82% | 15.01% |
| Sharpe Ratio | 0.92 | 1.85 |
| Daily Std Dev | 8.21% | 7.98% |
| Max Drawdown | -6.47% | -13.71% |
| Current Drawdown | -0.04% | -0.34% |
Correlation
The correlation between CVRD and JEPI is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CVRD vs. JEPI - Performance Comparison
In the year-to-date period, CVRD achieves a 4.88% return, which is significantly lower than JEPI's 12.16% 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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CVRD vs. JEPI - Expense Ratio Comparison
CVRD has a 0.90% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
CVRD vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) 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
CVRD vs. JEPI - Dividend Comparison
CVRD's dividend yield for the trailing twelve months is around 11.70%, more than JEPI's 7.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CVRD Madison Covered Call ETF | 11.70% | 0.53% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.12% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
CVRD vs. JEPI - Drawdown Comparison
The maximum CVRD drawdown since its inception was -6.47%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for CVRD and JEPI. For additional features, visit the drawdowns tool.
Volatility
CVRD vs. JEPI - Volatility Comparison
Madison Covered Call ETF (CVRD) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 1.90% and 1.85%, 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.