HEFA vs. JEPI
Compare and contrast key facts about iShares Currency Hedged MSCI EAFE ETF (HEFA) and JPMorgan Equity Premium Income ETF (JEPI).
HEFA and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. 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: HEFA or JEPI.
Key characteristics
| HEFA | JEPI | |
|---|---|---|
| YTD Return | 9.33% | 3.44% |
| 1Y Return | 16.96% | 8.92% |
| 3Y Return (Ann) | 11.00% | 7.24% |
| Sharpe Ratio | 1.78 | 1.25 |
| Daily Std Dev | 9.79% | 7.26% |
| Max Drawdown | -32.39% | -13.71% |
| Current Drawdown | -1.29% | -2.75% |
Correlation
The correlation between HEFA and JEPI is 0.69, 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
HEFA vs. JEPI - Performance Comparison
In the year-to-date period, HEFA achieves a 9.33% return, which is significantly higher than JEPI's 3.44% 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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HEFA vs. JEPI - Expense Ratio Comparison
Both HEFA and JEPI have an expense ratio of 0.35%.
Risk-Adjusted Performance
HEFA vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI EAFE ETF (HEFA) 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
HEFA vs. JEPI - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 2.76%, less than JEPI's 6.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.76% | 3.02% | 25.14% | 3.06% | 2.10% | 5.37% | 4.59% | 2.55% | 3.17% | 3.54% | 3.39% |
JEPI JPMorgan Equity Premium Income ETF | 6.87% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEFA vs. JEPI - Drawdown Comparison
The maximum HEFA drawdown since its inception was -32.39%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for HEFA and JEPI. For additional features, visit the drawdowns tool.
Volatility
HEFA vs. JEPI - Volatility Comparison
iShares Currency Hedged MSCI EAFE ETF (HEFA) has a higher volatility of 2.93% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.60%. This indicates that HEFA'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.