Correlation
The correlation between IWMY and JEPI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
IWMY vs. JEPI
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and JPMorgan Equity Premium Income ETF (JEPI).
IWMY and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023. 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: IWMY or JEPI.
Performance
IWMY vs. JEPI - Performance Comparison
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Key characteristics
IWMY:
0.22
JEPI:
0.56
IWMY:
0.31
JEPI:
0.81
IWMY:
1.05
JEPI:
1.13
IWMY:
0.16
JEPI:
0.54
IWMY:
0.54
JEPI:
2.23
IWMY:
5.42%
JEPI:
3.19%
IWMY:
17.00%
JEPI:
13.82%
IWMY:
-18.72%
JEPI:
-13.71%
IWMY:
-6.26%
JEPI:
-4.02%
Returns By Period
In the year-to-date period, IWMY achieves a -0.67% return, which is significantly lower than JEPI's 0.17% return.
IWMY
-0.67%
4.50%
-5.14%
3.17%
N/A
N/A
N/A
JEPI
0.17%
1.80%
-3.98%
6.67%
8.01%
10.94%
N/A
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IWMY vs. JEPI - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
IWMY vs. JEPI — Risk-Adjusted Performance Rank
IWMY
JEPI
IWMY vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) 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.
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Dividends
IWMY vs. JEPI - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 98.61%, more than JEPI's 8.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 98.61% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 8.01% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
IWMY vs. JEPI - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for IWMY and JEPI.
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Volatility
IWMY vs. JEPI - Volatility Comparison
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a higher volatility of 4.46% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.29%. This indicates that IWMY'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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