FMIL vs. JEPI
Compare and contrast key facts about Fidelity New Millennium ETF (FMIL) and JPMorgan Equity Premium Income ETF (JEPI).
FMIL and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020. 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: FMIL or JEPI.
Key characteristics
| FMIL | JEPI | |
|---|---|---|
| YTD Return | 32.29% | 16.00% |
| 1Y Return | 42.53% | 20.33% |
| 3Y Return (Ann) | 17.71% | 8.37% |
| Sharpe Ratio | 3.30 | 3.04 |
| Sortino Ratio | 4.44 | 4.23 |
| Omega Ratio | 1.60 | 1.62 |
| Calmar Ratio | 4.92 | 5.53 |
| Martin Ratio | 23.70 | 21.64 |
| Ulcer Index | 1.86% | 0.99% |
| Daily Std Dev | 13.32% | 7.01% |
| Max Drawdown | -15.87% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FMIL and JEPI is 0.73, 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
FMIL vs. JEPI - Performance Comparison
In the year-to-date period, FMIL achieves a 32.29% return, which is significantly higher than JEPI's 16.00% 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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FMIL vs. JEPI - Expense Ratio Comparison
FMIL has a 0.59% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
FMIL vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) 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
FMIL vs. JEPI - Dividend Comparison
FMIL's dividend yield for the trailing twelve months is around 0.59%, less than JEPI's 7.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FMIL Fidelity New Millennium ETF | 0.59% | 0.23% | 1.43% | 1.68% | 0.48% |
JEPI JPMorgan Equity Premium Income ETF | 7.05% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
FMIL vs. JEPI - Drawdown Comparison
The maximum FMIL drawdown since its inception was -15.87%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FMIL and JEPI. For additional features, visit the drawdowns tool.
Volatility
FMIL vs. JEPI - Volatility Comparison
Fidelity New Millennium ETF (FMIL) has a higher volatility of 4.05% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.99%. This indicates that FMIL'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.