JAVA vs. JEPI

Last updated Jun 4, 2026

JAVA (JPMorgan Active Value ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JAVA is a Large Cap Value Equities fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, JAVA returned 16.35%/yr vs 8.88%/yr for JEPI. Their correlation of 0.86 suggests significant overlap in exposure. JAVA charges 0.44%/yr vs 0.35%/yr for JEPI.

Performance

JAVA vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) 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, JAVA achieves a 8.50% return, which is significantly higher than JEPI's 0.15% return.

JAVA

• 1D: -0.21%
• 1M: 2.70%
• YTD: 8.50%
• 6M: 9.14%
• 1Y: 23.95%
• 3Y*: 16.35%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

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

JAVA vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	8.50%	14.92%	15.52%	10.46%	-0.88%	5.23%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	7.79%

Correlation

The correlation between JAVA and JEPI is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021	0.86

The correlation between JAVA and JEPI has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

JAVA vs. JEPI - Sectors Allocation Comparison

Sectors	JAVA	JEPI
Financial Services	20.1%	9.8%
Technology	15.3%	19.1%
Industrials	13.9%	13.8%
Healthcare	12.5%	14.1%
Consumer Cyclical	8.6%	11.7%
Communication Services	8.4%	6.9%
Energy	5.5%	3.5%
Consumer Defensive	5.0%	9.6%
Utilities	4.1%	6.2%
Basic Materials	3.6%	1.9%
Real Estate	2.9%	3.5%

Return for Risk

JAVA vs. JEPI — Risk / Return Rank

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

JAVA

JAVA Risk / Return Rank: 62
JAVA Sharpe Ratio Rank: 64
JAVA Sortino Ratio Rank: 66
JAVA Omega Ratio Rank: 62
JAVA Calmar Ratio Rank: 58
JAVA Martin Ratio Rank: 60

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
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.

JAVA vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) 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.

	JAVA	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.15	0.99	+1.17
Sortino ratio: Return per unit of downside risk	3.07	1.47	+1.60
Omega ratio: Gain probability vs. loss probability	1.38	1.18	+0.20
Calmar ratio: Return relative to maximum drawdown	2.90	1.16	+1.74
Martin ratio: Return relative to average drawdown	10.71	3.73	+6.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAVA vs. JEPI - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.15, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of JAVA 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

	JAVA	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	0.99	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.01	-0.23

Drawdowns

JAVA vs. JEPI - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JAVA and JEPI.

Drawdown Indicators

	JAVA	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-13.71%	-2.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-6.68%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-13.26%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.21%	-4.83%	+4.62%
Average Drawdown Average peak-to-trough decline	-3.63%	-2.12%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.07%	+0.17%

Volatility

JAVA vs. JEPI - Volatility Comparison

JPMorgan Active Value ETF (JAVA) has a higher volatility of 2.60% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that JAVA'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

	JAVA	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	1.35%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	6.07%	+2.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	7.85%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	11.06%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	10.80%	+4.00%

JAVA vs. JEPI - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

JAVA vs. JEPI - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.25%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JAVA JPMorgan Active Value ETF	1.25%	1.34%	1.45%	1.65%	1.25%	0.48%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both JAVA and JEPI in my portfolio?

JAVA and JEPI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAVA or JEPI?

JAVA has higher volatility (2.60%) compared to JEPI (1.35%). In terms of maximum drawdown, JAVA dropped -16.54% vs JEPI's -13.71%.

Which ETF is better, JAVA or JEPI?

On 3-year performance, JAVA leads with 16.35% vs 8.88% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JAVA or JEPI?

Over the 3-year period, JAVA has performed better with a 16.35% return vs 8.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JAVA or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.44% for JAVA.

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

JEPI has the higher dividend yield at 8.27%, compared with 1.25% for JAVA.

What is the main difference between JAVA and JEPI?

JAVA is categorized as Large Cap Value Equities, while JEPI is Dividend. Their fees differ too: 0.44% for JAVA and 0.35% for JEPI.

Which has better risk-adjusted returns?

JAVA currently has the higher Sharpe Ratio (2.15 vs 0.99), 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.