IWML vs. JEPI
Compare and contrast key facts about ETRACS 2x Leveraged US Size Factor TR ETN (IWML) and JPMorgan Equity Premium Income ETF (JEPI).
IWML and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWML is a passively managed fund by UBS that tracks the performance of the Russell 2000 Index. It was launched on Feb 4, 2021. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWML or JEPI.
Key characteristics
| IWML | JEPI | |
|---|---|---|
| YTD Return | 6.72% | 6.51% |
| 1Y Return | 37.17% | 13.81% |
| 3Y Return (Ann) | -8.20% | 7.65% |
| Sharpe Ratio | 0.85 | 1.79 |
| Daily Std Dev | 39.38% | 7.19% |
| Max Drawdown | -60.06% | -13.71% |
| Current Drawdown | -35.18% | 0.00% |
Correlation
The correlation between IWML and JEPI is 0.65, 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.
Performance
IWML vs. JEPI - Performance Comparison
The year-to-date returns for both stocks are quite close, with IWML having a 6.72% return and JEPI slightly lower at 6.51%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWML vs. JEPI - Expense Ratio Comparison
IWML has a 0.95% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
IWML vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Size Factor TR ETN (IWML) 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.
Dividends
IWML vs. JEPI - Dividend Comparison
IWML has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 7.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
IWML ETRACS 2x Leveraged US Size Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.28% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
IWML vs. JEPI - Drawdown Comparison
The maximum IWML drawdown since its inception was -60.06%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for IWML and JEPI. For additional features, visit the drawdowns tool.
Volatility
IWML vs. JEPI - Volatility Comparison
ETRACS 2x Leveraged US Size Factor TR ETN (IWML) has a higher volatility of 9.03% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.97%. This indicates that IWML'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.