JEPI.TO vs. JEPIX

Last updated Jun 4, 2026

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. Over the past year, JEPI.TO returned 9.33% vs 8.38% for JEPIX. Their correlation of 0.84 suggests significant overlap in exposure. JEPI.TO charges 0.35%/yr vs 0.63%/yr for JEPIX.

Performance

JEPI.TO vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in JPMorgan US Equity Premium Income Active ETF (JEPI.TO) and JPMorgan Equity Premium Income Fund Class I (JEPIX). The values are adjusted to include any dividend payments, if applicable.

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

In the year-to-date period, JEPI.TO achieves a 1.48% return, which is significantly higher than JEPIX's 0.81% return.

JEPI.TO

• 1D: 0.57%
• 1M: 0.42%
• YTD: 1.48%
• 6M: 0.23%
• 1Y: 9.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPIX

• 1D: 0.31%
• 1M: -0.10%
• YTD: 0.81%
• 6M: -0.47%
• 1Y: 8.38%
• 3Y*: 9.76%
• 5Y*: 10.04%
• 10Y*: —

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

JEPI.TO vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEPI.TO JPMorgan US Equity Premium Income Active ETF	1.48%	3.09%	7.35%
JEPIX JPMorgan Equity Premium Income Fund Class I	0.81%	2.88%	5.88%

Correlation

The correlation between JEPI.TO and JEPIX is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.84

The correlation between JEPI.TO and JEPIX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

JEPI.TO vs. JEPIX — Risk / Return Rank

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

JEPI.TO

JEPI.TO Risk / Return Rank: 28
JEPI.TO Sharpe Ratio Rank: 26
JEPI.TO Sortino Ratio Rank: 25
JEPI.TO Omega Ratio Rank: 25
JEPI.TO Calmar Ratio Rank: 35
JEPI.TO Martin Ratio Rank: 30

JEPIX

JEPIX Risk / Return Rank: 12
JEPIX Sharpe Ratio Rank: 12
JEPIX Sortino Ratio Rank: 12
JEPIX Omega Ratio Rank: 12
JEPIX Calmar Ratio Rank: 10
JEPIX Martin Ratio Rank: 11

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.

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.

	JEPI.TO	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	0.97	-0.03
Sortino ratio: Return per unit of downside risk	1.38	1.45	-0.07
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.76	1.51	+0.25
Martin ratio: Return relative to average drawdown	4.49	4.39	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPI.TO vs. JEPIX - Sharpe Ratio Comparison

The current JEPI.TO Sharpe Ratio is 0.94, which is comparable to the JEPIX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of JEPI.TO and JEPIX, 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

	JEPI.TO	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.97	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.57	-0.01

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 -26.36%. Use the drawdown chart below to compare losses from any high point for JEPI.TO and JEPIX.

Drawdown Indicators

	JEPI.TO	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-26.36%	+12.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-5.78%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.54%	—
Current Drawdown Current decline from peak	-3.06%	-3.68%	+0.62%
Average Drawdown Average peak-to-trough decline	-3.38%	-3.04%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.98%	+0.10%

Volatility

JEPI.TO vs. JEPIX - Volatility Comparison

JPMorgan US Equity Premium Income Active ETF (JEPI.TO) has a higher volatility of 2.14% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 1.48%. This indicates that JEPI.TO's price experiences larger fluctuations and is considered to be riskier than JEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPI.TO	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	1.48%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	7.12%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	9.92%	8.94%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	10.48%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.92%	13.64%	-0.72%

JEPI.TO vs. JEPIX - Expense Ratio Comparison

JEPI.TO has a 0.35% expense ratio, which is lower than JEPIX's 0.63% expense ratio.

Dividends

JEPI.TO vs. JEPIX - Dividend Comparison

JEPI.TO's dividend yield for the trailing twelve months is around 7.90%, less than JEPIX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JEPI.TO JPMorgan US Equity Premium Income Active ETF	7.90%	7.56%	3.91%	0.00%	0.00%	0.00%	0.00%	0.00%
JEPIX JPMorgan Equity Premium Income Fund Class I	8.17%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%

Frequently Asked Questions

Can I hold both JEPI.TO and JEPIX in my portfolio?

JEPI.TO and JEPIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.