IVV vs. JEPI

Last updated Jul 26, 2026

IVV (iShares Core S&P 500 ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while JEPI is a Dividend fund actively managed by JPMorgan. IVV is passively managed, while JEPI is actively managed. Over the past 5 years, IVV returned 12.51%/yr vs 7.17%/yr for JEPI. Their 0.78 correlation means they have sometimes moved together and sometimes differently. IVV charges 0.03%/yr vs 0.35%/yr for JEPI.

Performance

IVV vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) 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, IVV achieves a 8.96% return, which is significantly higher than JEPI's 3.37% return.

IVV

• 1D: 0.10%
• 1M: 0.80%
• 6M: 7.81%
• YTD: 8.96%
• 1Y: 17.37%
• 3Y*: 19.07%
• 5Y*: 12.51%
• 10Y*: 14.93%
• ALL TIME*: 8.41%

JEPI

• 1D: 0.67%
• 1M: 2.00%
• 6M: 1.35%
• YTD: 3.37%
• 1Y: 7.34%
• 3Y*: 8.83%
• 5Y*: 7.17%
• 10Y*: —
• ALL TIME*: 11.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVV iShares Core S&P 500 ETF	$3.37B	$4.55B	$5.92B
JEPI JPMorgan Equity Premium Income ETF	$256.82M	$259.30M	$303.30M

IVV vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IVV iShares Core S&P 500 ETF	8.96%	17.85%	24.93%	26.31%	-18.16%	28.76%	27.63%
JEPI JPMorgan Equity Premium Income ETF	3.37%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between IVV and JEPI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.78

The correlation between IVV and JEPI shifts across timeframes, from 0.59 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

IVV vs. JEPI - Sectors Allocation Comparison

Sectors	IVV	JEPI
Technology	38.4%	15.3%
Financial Services	12.0%	9.1%
Communication Services	9.8%	6.2%
Consumer Cyclical	9.2%	10.0%
Healthcare	8.9%	12.8%
Industrials	8.0%	10.7%
Consumer Defensive	4.5%	7.8%
Energy	3.3%	2.5%
Utilities	2.2%	4.8%
Real Estate	1.9%	2.6%
Basic Materials	1.7%	1.6%

Return for Risk

IVV vs. JEPI — Risk / Return Rank

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

IVV

IVV Risk / Return Rank: 61
IVV Sharpe Ratio Rank: 61
IVV Sortino Ratio Rank: 58
IVV Omega Ratio Rank: 59
IVV Calmar Ratio Rank: 58
IVV Martin Ratio Rank: 70

JEPI

JEPI Risk / Return Rank: 36
JEPI Sharpe Ratio Rank: 39
JEPI Sortino Ratio Rank: 38
JEPI Omega Ratio Rank: 37
JEPI Calmar Ratio Rank: 34
JEPI Martin Ratio Rank: 34

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.

IVV vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.

	IVV	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.95	+0.46
Sortino ratio: Return per unit of downside risk	1.98	1.42	+0.56
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	2.01	1.15	+0.87
Martin ratio: Return relative to average drawdown	8.66	3.22	+5.44

IVV vs. JEPI - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 1.41, which is higher than the JEPI Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of IVV 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.

Drawdowns

IVV vs. JEPI - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for IVV and JEPI.

Drawdown Indicators

	IVV	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-13.71%	-41.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-6.68%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-13.26%	-5.49%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-13.71%	-10.82%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-2.45%	-1.77%	-0.68%
Average Drawdown Average peak-to-trough decline	-10.73%	-2.13%	-8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.37%	-0.31%

Volatility

IVV vs. JEPI - Volatility Comparison

iShares Core S&P 500 ETF (IVV) has a higher volatility of 3.42% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.95%. This indicates that IVV'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

	IVV	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	1.95%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	6.22%	+3.71%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	8.06%	+4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	11.09%	+5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	10.74%	+7.31%

IVV vs. JEPI - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

IVV vs. JEPI - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.10%, less than JEPI's 8.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.10%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
JEPI JPMorgan Equity Premium Income ETF	8.05%	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 IVV and JEPI in my portfolio?

IVV and JEPI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVV or JEPI?

IVV has higher volatility (3.42%) compared to JEPI (1.95%). In terms of maximum drawdown, IVV dropped -55.25% vs JEPI's -13.71%.

Which ETF is better, IVV or JEPI?

On 5-year performance, IVV leads with 12.51% vs 7.17% for JEPI. On fees, IVV is cheaper at 0.03% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or JEPI?

Over the 5-year period, IVV has performed better with a 12.51% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or JEPI?

IVV is cheaper with a 0.03% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.05%, compared with 1.10% for IVV.

What is the main difference between IVV and JEPI?

IVV is categorized as S&P 500, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.03% for IVV and 0.35% for JEPI.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.41 vs 0.95), 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.