GSWO vs. JEPI
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net, while JEPI is a Dividend fund actively managed by JPMorgan. GSWO is passively managed, while JEPI is actively managed. Over the past 3 years, GSWO returned 16.39%/yr vs 8.83%/yr for JEPI. Their correlation of 0.82 means they have usually moved in the same direction. GSWO charges 0.25%/yr vs 0.35%/yr for JEPI.
Performance
GSWO vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, GSWO achieves a 9.77% return, which is significantly higher than JEPI's 3.37% return.
GSWO
- 1D
- 0.17%
- 1M
- 0.80%
- 6M
- 8.66%
- YTD
- 9.77%
- 1Y
- 15.09%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.08%
JEPI
- 1D
- 0.67%
- 1M
- 2.00%
- 6M
- 1.35%
- YTD
- 3.37%
- 1Y
- 7.34%
- 3Y*
- 8.83%
- 5Y*
- 7.17%
- 10Y*
- —
- ALL TIME*
- 11.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.06M | $3.14M | $3.93M | |
| $256.82M | $259.30M | $303.30M |
GSWO vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.77% | 18.97% | 15.29% | 16.28% | -6.15% |
JEPI JPMorgan Equity Premium Income ETF | 3.37% | 8.09% | 12.57% | 9.83% | 0.03% |
Correlation
The correlation between GSWO and JEPI is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.82 |
The correlation between GSWO and JEPI shifts across timeframes, from 0.64 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSWO vs. JEPI — Risk / Return Rank
GSWO
JEPI
GSWO vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSWO | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.15 | +0.57 |
| Martin ratioReturn relative to average drawdown | 7.82 | 3.22 | +4.60 |
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Drawdowns
GSWO vs. JEPI - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for GSWO and JEPI.
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Drawdown Indicators
| GSWO | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -13.71% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -6.68% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -13.26% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.71% | — |
Current DrawdownCurrent decline from peak | -1.97% | -1.77% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -2.13% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.37% | -0.42% |
Volatility
GSWO vs. JEPI - Volatility Comparison
Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a higher volatility of 3.09% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.95%. This indicates that GSWO'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.
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Volatility by Period
| GSWO | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 1.95% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 6.22% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 8.06% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.02% | 11.09% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 10.74% | +2.28% |
GSWO vs. JEPI - Expense Ratio Comparison
GSWO has a 0.25% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
GSWO vs. JEPI - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.55%, less than JEPI's 8.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.55% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.05% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Frequently Asked Questions
GSWO and JEPI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSWO has higher volatility (3.09%) compared to JEPI (1.95%). In terms of maximum drawdown, GSWO dropped -17.77% vs JEPI's -13.71%.
On 3-year performance, GSWO leads with 16.39% vs 8.83% for JEPI. On fees, GSWO is cheaper at 0.25% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 16.39% return vs 8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSWO is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.05%, compared with 1.55% for GSWO.
GSWO is categorized as Global Equities, while JEPI is Dividend. They also come from different issuers: Goldman Sachs and JPMorgan. Their fees differ too: 0.25% for GSWO and 0.35% for JEPI.
GSWO currently has the higher Sharpe Ratio (1.31 vs 0.95), 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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