JEPI vs. BRK-B

Last updated Jun 6, 2026

JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, JEPI returned 7.30%/yr vs 10.78%/yr for BRK-B. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

JEPI vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPI achieves a 0.35% return, which is significantly higher than BRK-B's -2.89% return.

JEPI

• 1D: -0.34%
• 1M: -1.01%
• YTD: 0.35%
• 6M: 0.76%
• 1Y: 7.86%
• 3Y*: 9.00%
• 5Y*: 7.30%
• 10Y*: —

BRK-B

• 1D: 1.98%
• 1M: 3.90%
• YTD: -2.89%
• 6M: -3.21%
• 1Y: -0.12%
• 3Y*: 13.55%
• 5Y*: 10.78%
• 10Y*: 13.19%

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

JEPI vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	0.35%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%
BRK-B Berkshire Hathaway Inc.	-2.89%	10.89%	27.09%	15.46%	3.31%	28.95%	32.54%

Correlation

The correlation between JEPI and BRK-B is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.62

Over the past year, the correlation between JEPI and BRK-B has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

JEPI vs. BRK-B — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 27
JEPI Sharpe Ratio Rank: 29
JEPI Sortino Ratio Rank: 28
JEPI Omega Ratio Rank: 28
JEPI Calmar Ratio Rank: 25
JEPI Martin Ratio Rank: 27

BRK-B

BRK-B Risk / Return Rank: 38
BRK-B Sharpe Ratio Rank: 41
BRK-B Sortino Ratio Rank: 33
BRK-B Omega Ratio Rank: 32
BRK-B Calmar Ratio Rank: 41
BRK-B Martin Ratio Rank: 41

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 vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.00	-0.01	+1.01
Sortino ratio: Return per unit of downside risk	1.49	0.09	+1.41
Omega ratio: Gain probability vs. loss probability	1.18	1.01	+0.17
Calmar ratio: Return relative to maximum drawdown	1.18	-0.01	+1.19
Martin ratio: Return relative to average drawdown	3.74	-0.03	+3.77
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 vs. BRK-B - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 1.00, which is higher than the BRK-B Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of JEPI and BRK-B, 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	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	-0.01	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.63	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.48	+0.53

Drawdowns

JEPI vs. BRK-B - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for JEPI and BRK-B.

Drawdown Indicators

	JEPI	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-53.86%	+40.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-9.42%	+2.74%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-14.95%	+1.69%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	-26.58%	+12.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-4.64%	-9.57%	+4.93%
Average Drawdown Average peak-to-trough decline	-2.12%	-11.07%	+8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	4.47%	-2.36%

Volatility

JEPI vs. BRK-B - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.49%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.08%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPI	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	4.08%	-2.59%
Volatility (6M) Calculated over the trailing 6-month period	6.08%	10.87%	-4.79%
Volatility (1Y) Calculated over the trailing 1-year period	7.88%	14.39%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	17.13%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.79%	19.43%	-8.64%

Dividends

JEPI vs. BRK-B - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.26%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.26%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both JEPI and BRK-B in my portfolio?

JEPI and BRK-B have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPI or BRK-B?

BRK-B has higher volatility (4.08%) compared to JEPI (1.49%). In terms of maximum drawdown, JEPI dropped -13.71% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

JEPI currently has the higher Sharpe Ratio (1.00 vs -0.01), 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.