FELV vs. JEPI
Compare and contrast key facts about Fidelity Enhanced Large Cap Value ETF (FELV) and JPMorgan Equity Premium Income ETF (JEPI).
FELV and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELV is an actively managed fund by Fidelity. It was launched on Nov 20, 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: FELV or JEPI.
Performance
FELV vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, FELV achieves a 23.25% return, which is significantly higher than JEPI's 16.16% return.
FELV
23.25%
4.51%
14.53%
31.37%
N/A
N/A
JEPI
16.16%
1.71%
9.69%
18.77%
N/A
N/A
Key characteristics
| FELV | JEPI | |
|---|---|---|
| Sharpe Ratio | 2.96 | 2.65 |
| Sortino Ratio | 4.15 | 3.68 |
| Omega Ratio | 1.54 | 1.52 |
| Calmar Ratio | 5.94 | 4.85 |
| Martin Ratio | 17.94 | 18.78 |
| Ulcer Index | 1.77% | 1.00% |
| Daily Std Dev | 10.74% | 7.08% |
| Max Drawdown | -5.34% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
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FELV vs. JEPI - Expense Ratio Comparison
FELV has a 0.18% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Correlation
The correlation between FELV and JEPI is 0.84, 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.
Risk-Adjusted Performance
FELV vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Value ETF (FELV) 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
FELV vs. JEPI - Dividend Comparison
FELV's dividend yield for the trailing twelve months is around 1.48%, less than JEPI's 7.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FELV Fidelity Enhanced Large Cap Value ETF | 1.48% | 0.04% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.04% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
FELV vs. JEPI - Drawdown Comparison
The maximum FELV drawdown since its inception was -5.34%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FELV and JEPI. For additional features, visit the drawdowns tool.
Volatility
FELV vs. JEPI - Volatility Comparison
Fidelity Enhanced Large Cap Value ETF (FELV) has a higher volatility of 4.03% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.25%. This indicates that FELV'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.