IVVW vs. JEPAX
IVVW (iShares S&P 500 BuyWrite ETF) and JEPAX (JPMorgan Equity Premium Income Fund Class A) are both Derivative Income funds. Over the past year, IVVW returned 18.56% vs 9.60% for JEPAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. IVVW charges 0.25%/yr vs 0.85%/yr for JEPAX.
Performance
IVVW vs. JEPAX - Performance Comparison
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Returns By Period
In the year-to-date period, IVVW achieves a 7.09% return, which is significantly higher than JEPAX's 3.38% return.
IVVW
- 1D
- 0.65%
- 1M
- 1.31%
- 6M
- 6.25%
- YTD
- 7.09%
- 1Y
- 18.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.42%
JEPAX
- 1D
- 0.64%
- 1M
- 0.28%
- 6M
- 1.00%
- YTD
- 3.38%
- 1Y
- 9.60%
- 3Y*
- 8.43%
- 5Y*
- 6.74%
- 10Y*
- —
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.91M | $2.60M | |
| $0.00 | $0.00 | $0.00 |
IVVW vs. JEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 7.09% | 11.71% | 12.76% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 3.38% | 7.55% | 6.85% |
Correlation
The correlation between IVVW and JEPAX is 0.55, 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. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.64 |
The correlation between IVVW and JEPAX has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
IVVW vs. JEPAX — Risk / Return Rank
IVVW
JEPAX
IVVW vs. JEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) and JPMorgan Equity Premium Income Fund Class A (JEPAX). 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.
| IVVW | JEPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.18 | +1.85 |
| Martin ratioReturn relative to average drawdown | 15.69 | 3.30 | +12.39 |
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Drawdowns
IVVW vs. JEPAX - Drawdown Comparison
The maximum IVVW drawdown since its inception was -16.79%, smaller than the maximum JEPAX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for IVVW and JEPAX.
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Drawdown Indicators
| IVVW | JEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.79% | -32.69% | +15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -7.41% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.74% | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.86% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -3.08% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 2.64% | -1.52% |
Volatility
IVVW vs. JEPAX - Volatility Comparison
iShares S&P 500 BuyWrite ETF (IVVW) has a higher volatility of 2.90% compared to JPMorgan Equity Premium Income Fund Class A (JEPAX) at 2.48%. This indicates that IVVW's price experiences larger fluctuations and is considered to be riskier than JEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVVW | JEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.48% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 7.11% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.56% | 8.92% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 11.52% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 14.81% | -2.25% |
IVVW vs. JEPAX - Expense Ratio Comparison
IVVW has a 0.25% expense ratio, which is lower than JEPAX's 0.85% expense ratio.
Dividends
IVVW vs. JEPAX - Dividend Comparison
IVVW's dividend yield for the trailing twelve months is around 19.01%, more than JEPAX's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.01% | 18.55% | 13.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 7.07% | 7.88% | 6.95% | 8.19% | 11.98% | 5.96% | 11.35% | 5.61% |
Frequently Asked Questions
IVVW and JEPAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVW has higher volatility (2.90%) compared to JEPAX (2.48%). In terms of maximum drawdown, IVVW dropped -16.79% vs JEPAX's -32.69%.
IVVW currently has the higher Sharpe Ratio (2.05 vs 0.98), 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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