CWS vs. JEPI
Compare and contrast key facts about AdvisorShares Focused Equity ETF (CWS) and JPMorgan Equity Premium Income ETF (JEPI).
CWS and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWS is an actively managed fund by AdvisorShares. It was launched on Sep 20, 2016. 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: CWS or JEPI.
Key characteristics
| CWS | JEPI | |
|---|---|---|
| YTD Return | 2.28% | 3.60% |
| 1Y Return | 19.61% | 10.43% |
| 3Y Return (Ann) | 8.90% | 7.05% |
| Sharpe Ratio | 1.51 | 1.34 |
| Daily Std Dev | 12.80% | 7.25% |
| Max Drawdown | -33.82% | -13.71% |
| Current Drawdown | -4.74% | -2.60% |
Correlation
The correlation between CWS 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
CWS vs. JEPI - Performance Comparison
In the year-to-date period, CWS achieves a 2.28% return, which is significantly lower than JEPI's 3.60% 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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CWS vs. JEPI - Expense Ratio Comparison
CWS has a 0.77% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
CWS vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Focused Equity ETF (CWS) 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
CWS vs. JEPI - Dividend Comparison
CWS's dividend yield for the trailing twelve months is around 0.24%, less than JEPI's 7.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CWS AdvisorShares Focused Equity ETF | 0.24% | 0.25% | 0.50% | 0.16% | 0.27% | 0.39% | 2.61% | 0.29% | 0.03% |
JEPI JPMorgan Equity Premium Income ETF | 7.48% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CWS vs. JEPI - Drawdown Comparison
The maximum CWS drawdown since its inception was -33.82%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for CWS and JEPI. For additional features, visit the drawdowns tool.
Volatility
CWS vs. JEPI - Volatility Comparison
AdvisorShares Focused Equity ETF (CWS) has a higher volatility of 3.47% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.64%. This indicates that CWS'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.