FCEF vs. JEPI
Compare and contrast key facts about First Trust CEF Income Opportunity ETF (FCEF) and JPMorgan Equity Premium Income ETF (JEPI).
FCEF and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCEF is an actively managed fund by First Trust. It was launched on Sep 27, 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: FCEF or JEPI.
Correlation
The correlation between FCEF and JEPI is 0.81, 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
FCEF vs. JEPI - Performance Comparison
Key characteristics
FCEF:
0.97
JEPI:
0.37
FCEF:
1.29
JEPI:
0.62
FCEF:
1.23
JEPI:
1.10
FCEF:
0.99
JEPI:
0.39
FCEF:
4.81
JEPI:
1.79
FCEF:
2.54%
JEPI:
2.86%
FCEF:
12.70%
JEPI:
13.76%
FCEF:
-44.81%
JEPI:
-13.71%
FCEF:
-4.99%
JEPI:
-6.74%
Returns By Period
In the year-to-date period, FCEF achieves a -0.61% return, which is significantly higher than JEPI's -2.67% return.
FCEF
-0.61%
-3.03%
-1.49%
13.00%
10.82%
N/A
JEPI
-2.67%
-3.71%
-3.57%
5.59%
N/A
N/A
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FCEF vs. JEPI - Expense Ratio Comparison
FCEF has a 2.91% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
FCEF vs. JEPI — Risk-Adjusted Performance Rank
FCEF
JEPI
FCEF vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust CEF Income Opportunity ETF (FCEF) 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
FCEF vs. JEPI - Dividend Comparison
FCEF's dividend yield for the trailing twelve months is around 7.59%, less than JEPI's 7.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCEF First Trust CEF Income Opportunity ETF | 7.59% | 7.13% | 7.17% | 7.26% | 4.74% | 5.03% | 5.07% | 5.96% | 4.90% | 1.51% |
JEPI JPMorgan Equity Premium Income ETF | 7.88% | 7.33% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCEF vs. JEPI - Drawdown Comparison
The maximum FCEF drawdown since its inception was -44.81%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FCEF and JEPI. For additional features, visit the drawdowns tool.
Volatility
FCEF vs. JEPI - Volatility Comparison
The current volatility for First Trust CEF Income Opportunity ETF (FCEF) is 10.16%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 11.07%. This indicates that FCEF 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.