HDGE vs. JEPI
Compare and contrast key facts about AdvisorShares Ranger Equity Bear ETF (HDGE) and JPMorgan Equity Premium Income ETF (JEPI).
HDGE and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011. 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: HDGE or JEPI.
Key characteristics
| HDGE | JEPI | |
|---|---|---|
| YTD Return | -9.45% | 15.79% |
| 1Y Return | -24.48% | 20.11% |
| 3Y Return (Ann) | -7.26% | 8.29% |
| Sharpe Ratio | -1.14 | 2.87 |
| Sortino Ratio | -1.59 | 4.00 |
| Omega Ratio | 0.82 | 1.58 |
| Calmar Ratio | -0.26 | 5.20 |
| Martin Ratio | -1.76 | 20.34 |
| Ulcer Index | 13.85% | 0.99% |
| Daily Std Dev | 21.30% | 7.00% |
| Max Drawdown | -93.70% | -13.71% |
| Current Drawdown | -93.63% | -0.18% |
Correlation
The correlation between HDGE and JEPI is -0.57. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
HDGE vs. JEPI - Performance Comparison
In the year-to-date period, HDGE achieves a -9.45% return, which is significantly lower than JEPI's 15.79% 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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HDGE vs. JEPI - Expense Ratio Comparison
HDGE has a 3.36% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
HDGE vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Ranger Equity Bear ETF (HDGE) 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
HDGE vs. JEPI - Dividend Comparison
HDGE's dividend yield for the trailing twelve months is around 10.58%, more than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 10.58% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% |
Drawdowns
HDGE vs. JEPI - Drawdown Comparison
The maximum HDGE drawdown since its inception was -93.70%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for HDGE and JEPI. For additional features, visit the drawdowns tool.
Volatility
HDGE vs. JEPI - Volatility Comparison
AdvisorShares Ranger Equity Bear ETF (HDGE) has a higher volatility of 6.10% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.97%. This indicates that HDGE'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.