FXG vs. JEPI

Last updated Jun 4, 2026

FXG (First Trust Consumer Staples AlphaDEX Fund) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - FXG is a Consumer Staples Equities fund tracking the StrataQuant Consumer Staples Index, while JEPI is a Dividend fund actively managed by JPMorgan. FXG is passively managed, while JEPI is actively managed. Over the past 5 years, FXG returned 1.87%/yr vs 7.26%/yr for JEPI. A 0.66 correlation means they provide meaningful diversification when combined. FXG charges 0.63%/yr vs 0.35%/yr for JEPI.

Performance

FXG vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Consumer Staples AlphaDEX Fund (FXG) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXG achieves a -0.18% return, which is significantly lower than JEPI's 0.15% return.

FXG

• 1D: 0.06%
• 1M: -5.27%
• YTD: -0.18%
• 6M: -1.44%
• 1Y: -2.29%
• 3Y*: 0.94%
• 5Y*: 1.87%
• 10Y*: 4.23%

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXG vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FXG First Trust Consumer Staples AlphaDEX Fund	-0.18%	-2.66%	3.21%	1.97%	3.28%	21.73%	17.01%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between FXG and JEPI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.66

The correlation between FXG and JEPI shifts across timeframes, from 0.54 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

FXG vs. JEPI - Sectors Allocation Comparison

Sectors	FXG	JEPI
Consumer Defensive	79.9%	9.6%
Healthcare	8.2%	14.1%
Consumer Cyclical	7.9%	11.7%
Industrials	4.1%	13.8%
Basic Materials	2.0%	1.9%
Communication Services	-	6.9%
Energy	-	3.5%
Financial Services	-	9.8%
Real Estate	-	3.5%
Technology	-	19.1%
Utilities	-	6.2%

Return for Risk

FXG vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXG

FXG Risk / Return Rank: 7
FXG Sharpe Ratio Rank: 7
FXG Sortino Ratio Rank: 6
FXG Omega Ratio Rank: 6
FXG Calmar Ratio Rank: 7
FXG Martin Ratio Rank: 7

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXG vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Staples AlphaDEX Fund (FXG) 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.

	FXG	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.99	-1.17
Sortino ratio: Return per unit of downside risk	-0.17	1.47	-1.64
Omega ratio: Gain probability vs. loss probability	0.98	1.18	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.18	1.16	-1.34
Martin ratio: Return relative to average drawdown	-0.42	3.73	-4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXG vs. JEPI - Sharpe Ratio Comparison

The current FXG Sharpe Ratio is -0.18, which is lower than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FXG and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FXG	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	0.99	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.66	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.01	-0.54

Drawdowns

FXG vs. JEPI - Drawdown Comparison

The maximum FXG drawdown since its inception was -38.69%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FXG and JEPI.

Drawdown Indicators

	FXG	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-13.71%	-24.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-6.68%	-6.07%
Max Drawdown (3Y) Largest decline over 3 years	-12.75%	-13.26%	+0.51%
Max Drawdown (5Y) Largest decline over 5 years	-15.70%	-13.71%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	-27.54%	—	—
Current Drawdown Current decline from peak	-12.70%	-4.83%	-7.87%
Average Drawdown Average peak-to-trough decline	-6.03%	-2.12%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	2.07%	+3.34%

Volatility

FXG vs. JEPI - Volatility Comparison

First Trust Consumer Staples AlphaDEX Fund (FXG) has a higher volatility of 3.20% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that FXG'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.

Volatility by Period

	FXG	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	1.35%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	6.07%	+3.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	7.85%	+4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.48%	11.06%	+2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	10.80%	+4.12%

FXG vs. JEPI - Expense Ratio Comparison

FXG has a 0.63% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

FXG vs. JEPI - Dividend Comparison

FXG's dividend yield for the trailing twelve months is around 2.90%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXG First Trust Consumer Staples AlphaDEX Fund	2.90%	2.83%	1.70%	1.41%	1.83%	1.38%	1.41%	1.63%	2.31%	1.34%	1.72%	1.67%
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

Can I hold both FXG and JEPI in my portfolio?

FXG and JEPI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXG or JEPI?

FXG has higher volatility (3.20%) compared to JEPI (1.35%). In terms of maximum drawdown, FXG dropped -38.69% vs JEPI's -13.71%.

Which ETF is better, FXG or JEPI?

On 5-year performance, JEPI leads with 7.26% vs 1.87% for FXG. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FXG or JEPI?

Over the 5-year period, JEPI has performed better with a 7.26% return vs 1.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXG or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.63% for FXG.

Which ETF pays a higher dividend yield, FXG or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 2.90% for FXG.

What is the main difference between FXG and JEPI?

FXG is categorized as Consumer Staples Equities, while JEPI is Dividend. They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.63% for FXG and 0.35% for JEPI.

Which has better risk-adjusted returns?

JEPI currently has the higher Sharpe Ratio (0.99 vs -0.18), 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.