JEPI.TO vs. JEPIX
JEPI.TO (JPMorgan US Equity Premium Income Active ETF) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both Derivative Income funds from JPMorgan. Both are actively managed. Over the past year, JEPI.TO returned 11.74% vs 11.65% for JEPIX. A 0.64 correlation means they provide meaningful diversification when combined. JEPI.TO charges 0.35%/yr vs 0.59%/yr for JEPIX.
Performance
JEPI.TO vs. JEPIX - Performance Comparison
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Different Trading Currencies
JEPI.TO is traded in CAD, while JEPIX is traded in USD. To make them comparable, the JEPIX values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with JEPI.TO having a 4.57% return and JEPIX slightly lower at 4.43%.
JEPI.TO
- 1D
- -0.70%
- 1M
- 2.45%
- YTD
- 4.57%
- 6M
- 4.51%
- 1Y
- 11.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPIX
- 1D
- 0.46%
- 1M
- 3.25%
- YTD
- 4.43%
- 6M
- 4.26%
- 1Y
- 11.65%
- 3Y*
- 11.79%
- 5Y*
- 10.41%
- 10Y*
- —
JEPI.TO vs. JEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 4.57% | 3.09% | 5.31% |
JEPIX JPMorgan Equity Premium Income Fund Class I | 4.43% | 2.90% | 5.50% |
Correlation
The correlation between JEPI.TO and JEPIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024 | 0.64 |
The correlation between JEPI.TO and JEPIX has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.
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Return for Risk
JEPI.TO vs. JEPIX — Risk / Return Rank
JEPI.TO
JEPIX
JEPI.TO vs. JEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Equity Premium Income Active ETF (JEPI.TO) and JPMorgan Equity Premium Income Fund Class I (JEPIX). 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.
| JEPI.TO | JEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.06 | +0.16 |
| Martin ratioReturn relative to average drawdown | 5.55 | 5.73 | -0.18 |
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Drawdowns
JEPI.TO vs. JEPIX - Drawdown Comparison
The maximum JEPI.TO drawdown since its inception was -14.36%, smaller than the maximum JEPIX drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for JEPI.TO and JEPIX.
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Drawdown Indicators
| JEPI.TO | JEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -26.56% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.32% | -6.22% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.66% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.70% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -3.20% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.23% | -0.11% |
Volatility
JEPI.TO vs. JEPIX - Volatility Comparison
JPMorgan US Equity Premium Income Active ETF (JEPI.TO) and JPMorgan Equity Premium Income Fund Class I (JEPIX) have volatilities of 2.64% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI.TO | JEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 2.68% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 7.72% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 9.69% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 12.96% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 16.06% | -3.34% |
JEPI.TO vs. JEPIX - Expense Ratio Comparison
JEPI.TO has a 0.35% expense ratio, which is lower than JEPIX's 0.59% expense ratio.
Dividends
JEPI.TO vs. JEPIX - Dividend Comparison
JEPI.TO's dividend yield for the trailing twelve months is around 7.67%, less than JEPIX's 8.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 7.67% | 7.56% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPIX JPMorgan Equity Premium Income Fund Class I | 8.10% | 8.12% | 7.20% | 8.42% | 12.24% | 6.15% | 11.59% | 3.91% |
Frequently Asked Questions
JEPI.TO and JEPIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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