INDA vs. JEPI

Last updated Jun 9, 2026

INDA (iShares MSCI India ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - INDA is a Asia Pacific Equities fund tracking the MSCI India Index, while JEPI is a Dividend fund actively managed by JPMorgan. INDA is passively managed, while JEPI is actively managed. Over the past 5 years, INDA returned 2.36%/yr vs 7.28%/yr for JEPI. At a 0.44 correlation, their price movements are largely independent. INDA charges 0.69%/yr vs 0.35%/yr for JEPI.

Performance

INDA vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India ETF (INDA) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDA achieves a -12.65% return, which is significantly lower than JEPI's 0.04% return.

INDA

• 1D: -0.27%
• 1M: -5.28%
• YTD: -12.65%
• 6M: -11.06%
• 1Y: -14.02%
• 3Y*: 4.13%
• 5Y*: 2.36%
• 10Y*: 6.73%

JEPI

• 1D: -0.31%
• 1M: -0.40%
• YTD: 0.04%
• 6M: 0.91%
• 1Y: 7.03%
• 3Y*: 8.80%
• 5Y*: 7.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

INDA vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
INDA iShares MSCI India ETF	-12.65%	2.68%	8.63%	17.16%	-8.94%	21.36%	54.05%
JEPI JPMorgan Equity Premium Income ETF	0.04%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between INDA and JEPI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.44

The correlation between INDA and JEPI shifts across timeframes, from 0.32 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

INDA vs. JEPI - Sectors Allocation Comparison

Sectors	INDA	JEPI
Financial Services	28.4%	9.8%
Consumer Cyclical	12.5%	11.7%
Industrials	10.3%	13.8%
Energy	9.5%	3.5%
Technology	8.3%	19.1%
Basic Materials	8.0%	1.9%
Consumer Defensive	6.2%	9.6%
Healthcare	6.2%	14.1%
Communication Services	4.7%	6.9%
Utilities	4.6%	6.2%
Real Estate	1.4%	3.5%

Return for Risk

INDA vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INDA

INDA Risk / Return Rank: 2
INDA Sharpe Ratio Rank: 2
INDA Sortino Ratio Rank: 2
INDA Omega Ratio Rank: 2
INDA Calmar Ratio Rank: 3
INDA Martin Ratio Rank: 0

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 27
JEPI Omega Ratio Rank: 27
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INDA vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) 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.

	INDA	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	0.90	-1.85
Sortino ratio: Return per unit of downside risk	-1.34	1.35	-2.68
Omega ratio: Gain probability vs. loss probability	0.85	1.17	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.75	1.06	-1.81
Martin ratio: Return relative to average drawdown	-1.78	3.31	-5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDA vs. JEPI - Sharpe Ratio Comparison

The current INDA Sharpe Ratio is -0.96, which is lower than the JEPI Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of INDA and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INDA	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	0.90	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.66	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	1.01	-0.77

Drawdowns

INDA vs. JEPI - Drawdown Comparison

The maximum INDA drawdown since its inception was -45.07%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for INDA and JEPI.

Drawdown Indicators

	INDA	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-13.71%	-31.36%
Max Drawdown (1Y) Largest decline over 1 year	-18.69%	-6.68%	-12.01%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	-13.26%	-9.46%
Max Drawdown (5Y) Largest decline over 5 years	-22.72%	-13.71%	-9.01%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	—	—
Current Drawdown Current decline from peak	-19.68%	-4.93%	-14.75%
Average Drawdown Average peak-to-trough decline	-9.58%	-2.12%	-7.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	2.13%	+5.75%

Volatility

INDA vs. JEPI - Volatility Comparison

iShares MSCI India ETF (INDA) has a higher volatility of 5.11% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.48%. This indicates that INDA'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.

Volatility by Period

	INDA	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	1.48%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	6.09%	+6.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	7.89%	+6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	11.06%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	10.79%	+10.33%

INDA vs. JEPI - Expense Ratio Comparison

INDA has a 0.69% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

INDA vs. JEPI - Dividend Comparison

INDA has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 8.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDA iShares MSCI India ETF	0.00%	0.00%	0.76%	0.16%	0.00%	6.44%	0.27%	0.99%	0.94%	1.09%	0.90%	1.19%
JEPI JPMorgan Equity Premium Income ETF	8.28%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INDA and JEPI in my portfolio?

INDA and JEPI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INDA or JEPI?

INDA has higher volatility (5.11%) compared to JEPI (1.48%). In terms of maximum drawdown, INDA dropped -45.07% vs JEPI's -13.71%.

Which ETF is better, INDA or JEPI?

On 5-year performance, JEPI leads with 7.28% vs 2.36% for INDA. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INDA or JEPI?

Over the 5-year period, JEPI has performed better with a 7.28% return vs 2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INDA or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.69% for INDA.

Which ETF pays a higher dividend yield, INDA or JEPI?

JEPI has the higher dividend yield at 8.28%, compared with 0.00% for INDA.

What is the main difference between INDA and JEPI?

INDA is categorized as Asia Pacific Equities, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.69% for INDA and 0.35% for JEPI.

Which has better risk-adjusted returns?

JEPI currently has the higher Sharpe Ratio (0.90 vs -0.96), 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.