IBIT vs. JEPI
IBIT (iShares Bitcoin Trust ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while JEPI is a Dividend fund actively managed by JPMorgan. IBIT is passively managed, while JEPI is actively managed. Over the past year, IBIT returned -39.67% vs 8.34% for JEPI. At a 0.27 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.35%/yr for JEPI.
Performance
IBIT vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than JEPI's 1.29% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPI
- 1D
- 0.43%
- 1M
- 0.79%
- YTD
- 1.29%
- 6M
- 1.18%
- 1Y
- 8.34%
- 3Y*
- 9.13%
- 5Y*
- 7.45%
- 10Y*
- —
IBIT vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
JEPI JPMorgan Equity Premium Income ETF | 1.29% | 8.09% | 12.24% |
Correlation
The correlation between IBIT and JEPI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.27 |
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Return for Risk
IBIT vs. JEPI — Risk / Return Rank
IBIT
JEPI
IBIT vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.14 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.37 | 3.46 | -4.83 |
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Drawdowns
IBIT vs. JEPI - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for IBIT and JEPI.
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Drawdown Indicators
| IBIT | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -13.71% | -38.40% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -6.68% | -45.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.71% | — |
Current DrawdownCurrent decline from peak | -49.45% | -3.75% | -45.70% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -2.13% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 2.20% | +27.44% |
Volatility
IBIT vs. JEPI - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.05%. This indicates that IBIT'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
| IBIT | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 2.05% | +10.02% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 6.23% | +28.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 8.02% | +36.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 11.08% | +39.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 10.79% | +39.47% |
IBIT vs. JEPI - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
IBIT vs. JEPI - Dividend Comparison
IBIT has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 8.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.18% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Frequently Asked Questions
IBIT and JEPI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to JEPI (2.05%). In terms of maximum drawdown, IBIT dropped -52.11% vs JEPI's -13.71%.
On 1-year performance, JEPI leads with 8.34% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, JEPI has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JEPI has performed better with a 8.34% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.18%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.25% for IBIT and 0.35% for JEPI.
JEPI currently has the higher Sharpe Ratio (0.95 vs -0.92), 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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