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. It was launched on May 20, 2020.
Performance
HEFA vs. JEPI - Performance Comparison
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HEFA vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.23% | 24.58% | 13.71% | 20.33% | -4.86% | 19.59% | 20.07% |
JEPI JPMorgan Equity Premium Income ETF | 0.46% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, HEFA achieves a 4.23% return, which is significantly higher than JEPI's 0.46% return.
HEFA
- 1D
- 1.45%
- 1M
- -3.12%
- YTD
- 4.23%
- 6M
- 11.29%
- 1Y
- 24.10%
- 3Y*
- 17.63%
- 5Y*
- 13.08%
- 10Y*
- 12.30%
JEPI
- 1D
- 0.27%
- 1M
- -4.29%
- YTD
- 0.46%
- 6M
- 3.19%
- 1Y
- 8.06%
- 3Y*
- 9.67%
- 5Y*
- 8.32%
- 10Y*
- —
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HEFA vs. JEPI - Expense Ratio Comparison
Both HEFA and JEPI have an expense ratio of 0.35%.
Return for Risk
HEFA vs. JEPI — Risk / Return Rank
HEFA
JEPI
HEFA vs. JEPI - Risk-Adjusted Trends 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.
| HEFA | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.61 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.03 | 0.95 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.16 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.79 | +1.29 |
Martin ratioReturn relative to average drawdown | 8.91 | 3.83 | +5.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEFA | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.61 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.76 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.04 | -0.40 |
Correlation
The correlation between HEFA and JEPI is 0.68, 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.
Dividends
HEFA vs. JEPI - Dividend Comparison
HEFA's dividend yield for the trailing twelve months is around 4.22%, less than JEPI's 8.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.22% | 4.40% | 3.09% | 3.02% | 25.14% | 3.06% | 2.10% | 7.56% | 4.58% | 2.55% | 3.17% | 3.54% |
JEPI JPMorgan Equity Premium Income ETF | 8.46% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 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.
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Drawdown Indicators
| HEFA | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.39% | -13.71% | -18.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -10.28% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -13.71% | -1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -32.39% | — | — |
Current DrawdownCurrent decline from peak | -4.58% | -4.53% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -2.07% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.12% | +0.61% |
Volatility
HEFA vs. JEPI - Volatility Comparison
iShares Currency Hedged MSCI EAFE ETF (HEFA) has a higher volatility of 5.88% compared to JPMorgan Equity Premium Income ETF (JEPI) at 3.90%. 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.
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Volatility by Period
| HEFA | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 3.90% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 6.36% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 13.24% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 11.06% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 10.88% | +5.02% |