FTSD vs. JEPI
FTSD (Franklin Short Duration U.S. Government ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, FTSD returned 2.46%/yr vs 7.26%/yr for JEPI. At a 0.08 correlation, their price movements are largely independent. FTSD charges 0.25%/yr vs 0.35%/yr for JEPI.
Performance
FTSD vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, FTSD achieves a 0.80% return, which is significantly higher than JEPI's 0.15% return.
FTSD
- 1D
- -0.12%
- 1M
- 0.17%
- YTD
- 0.80%
- 6M
- 1.30%
- 1Y
- 4.31%
- 3Y*
- 4.98%
- 5Y*
- 2.46%
- 10Y*
- 2.05%
JEPI
- 1D
- 0.14%
- 1M
- -1.54%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 7.70%
- 3Y*
- 8.88%
- 5Y*
- 7.26%
- 10Y*
- —
FTSD vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 0.80% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 1.07% |
JEPI JPMorgan Equity Premium Income ETF | 0.15% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Correlation
The correlation between FTSD and JEPI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 22, 2020 | 0.08 |
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Return for Risk
FTSD vs. JEPI — Risk / Return Rank
FTSD
JEPI
FTSD vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) 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.
| FTSD | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.80 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.18 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 9.59 | 1.16 | +8.44 |
| Martin ratioReturn relative to average drawdown | 38.36 | 3.73 | +34.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTSD | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | 0.99 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 0.66 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.01 | +0.03 |
Drawdowns
FTSD vs. JEPI - Drawdown Comparison
The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FTSD and JEPI.
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Drawdown Indicators
| FTSD | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -13.71% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -6.68% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -13.26% | +12.33% |
Max Drawdown (5Y)Largest decline over 5 years | -5.04% | -13.71% | +8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -4.83% | +4.71% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -2.12% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 2.07% | -1.96% |
Volatility
FTSD vs. JEPI - Volatility Comparison
The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.51%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.35%. This indicates that FTSD 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.
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Volatility by Period
| FTSD | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.35% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 6.07% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 7.85% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.85% | 11.06% | -9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.79% | 10.80% | -9.01% |
FTSD vs. JEPI - Expense Ratio Comparison
FTSD has a 0.25% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
FTSD vs. JEPI - Dividend Comparison
FTSD's dividend yield for the trailing twelve months is around 4.50%, less than JEPI's 8.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 4.50% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
JEPI JPMorgan Equity Premium Income ETF | 8.27% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTSD and JEPI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (1.35%) compared to FTSD (0.51%). In terms of maximum drawdown, FTSD dropped -5.32% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.26% vs 2.46% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.26% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.27%, compared with 4.50% for FTSD.
FTSD is categorized as Mortgage Backed Securities, while JEPI is Dividend. They also come from different issuers: Franklin Templeton and JPMorgan. Their fees differ too: 0.25% for FTSD and 0.35% for JEPI.
FTSD currently has the higher Sharpe Ratio (3.30 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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