GPIQ vs. JEPI
Compare and contrast key facts about Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) and JPMorgan Equity Premium Income ETF (JEPI).
GPIQ and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 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: GPIQ or JEPI.
Key characteristics
| GPIQ | JEPI | |
|---|---|---|
| YTD Return | 23.10% | 16.00% |
| 1Y Return | 30.90% | 20.33% |
| Sharpe Ratio | 2.26 | 3.04 |
| Sortino Ratio | 3.00 | 4.23 |
| Omega Ratio | 1.43 | 1.62 |
| Calmar Ratio | 2.85 | 5.53 |
| Martin Ratio | 11.62 | 21.64 |
| Ulcer Index | 2.86% | 0.99% |
| Daily Std Dev | 14.64% | 7.01% |
| Max Drawdown | -11.66% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GPIQ and JEPI is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GPIQ vs. JEPI - Performance Comparison
In the year-to-date period, GPIQ achieves a 23.10% 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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GPIQ vs. JEPI - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
GPIQ vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) 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
GPIQ vs. JEPI - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 9.78%, more than JEPI's 7.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.78% | 1.74% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.05% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
GPIQ vs. JEPI - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -11.66%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for GPIQ and JEPI. For additional features, visit the drawdowns tool.
Volatility
GPIQ vs. JEPI - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 4.23% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.99%. This indicates that GPIQ'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.