JEPI vs. CGCP

Last updated Jun 9, 2026

JEPI (JPMorgan Equity Premium Income ETF) and CGCP (Capital Group Core Plus Income ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while CGCP is a Intermediate Core-Plus Bond fund actively managed by Capital Group. Both are actively managed. Over the past 3 years, JEPI returned 8.80%/yr vs 5.00%/yr for CGCP. At a 0.30 correlation, their price movements are largely independent. JEPI charges 0.35%/yr vs 0.34%/yr for CGCP.

Performance

JEPI vs. CGCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and Capital Group Core Plus Income ETF (CGCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPI achieves a 0.04% return, which is significantly higher than CGCP's 0.02% return.

JEPI

• 1D: -0.31%
• 1M: -0.40%
• YTD: 0.04%
• 6M: 0.91%
• 1Y: 7.03%
• 3Y*: 8.80%
• 5Y*: 7.28%
• 10Y*: —

CGCP

• 1D: -0.05%
• 1M: -0.63%
• YTD: 0.02%
• 6M: 0.54%
• 1Y: 5.60%
• 3Y*: 5.00%
• 5Y*: —
• 10Y*: —

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

JEPI vs. CGCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEPI JPMorgan Equity Premium Income ETF	0.04%	8.09%	12.57%	9.83%	3.26%
CGCP Capital Group Core Plus Income ETF	0.02%	7.35%	2.95%	7.17%	-9.78%

Correlation

The correlation between JEPI and CGCP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.30

JEPI vs. CGCP - Sectors Allocation Comparison

Sectors	JEPI	CGCP
Technology	19.1%	-
Healthcare	14.1%	-
Industrials	13.8%	-
Consumer Cyclical	11.7%	-
Financial Services	9.8%	-
Consumer Defensive	9.6%	-
Communication Services	6.9%	-
Utilities	6.2%	-
Real Estate	3.5%	97.3%
Energy	3.5%	2.8%
Basic Materials	1.9%	-

Return for Risk

JEPI vs. CGCP — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 27
JEPI Omega Ratio Rank: 27
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

CGCP

CGCP Risk / Return Rank: 49
CGCP Sharpe Ratio Rank: 49
CGCP Sortino Ratio Rank: 52
CGCP Omega Ratio Rank: 48
CGCP Calmar Ratio Rank: 48
CGCP Martin Ratio Rank: 47

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. CGCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Capital Group Core Plus Income ETF (CGCP). 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	CGCP	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.55	-0.65
Sortino ratio: Return per unit of downside risk	1.35	2.29	-0.94
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.11
Calmar ratio: Return relative to maximum drawdown	1.06	2.17	-1.12
Martin ratio: Return relative to average drawdown	3.31	7.06	-3.75
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. CGCP - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.90, which is lower than the CGCP Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of JEPI and CGCP, 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	CGCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.55	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.25	+0.76

Drawdowns

JEPI vs. CGCP - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum CGCP drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for JEPI and CGCP.

Drawdown Indicators

	JEPI	CGCP	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-15.06%	+1.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-2.59%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-5.37%	-7.89%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	—	—
Current Drawdown Current decline from peak	-4.93%	-1.47%	-3.46%
Average Drawdown Average peak-to-trough decline	-2.12%	-4.92%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	0.80%	+1.33%

Volatility

JEPI vs. CGCP - Volatility Comparison

JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 1.48% compared to Capital Group Core Plus Income ETF (CGCP) at 1.28%. This indicates that JEPI's price experiences larger fluctuations and is considered to be riskier than CGCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPI	CGCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.28%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	6.09%	2.75%	+3.34%
Volatility (1Y) Calculated over the trailing 1-year period	7.89%	3.64%	+4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	6.35%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.79%	6.35%	+4.44%

JEPI vs. CGCP - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is higher than CGCP's 0.34% expense ratio.

Dividends

JEPI vs. CGCP - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.28%, more than CGCP's 5.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CGCP Capital Group Core Plus Income ETF	5.17%	5.10%	5.17%	4.98%	2.96%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.28%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both JEPI and CGCP in my portfolio?

JEPI and CGCP have a correlation of 0.39, 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 CGCP?

JEPI has higher volatility (1.48%) compared to CGCP (1.28%). In terms of maximum drawdown, JEPI dropped -13.71% vs CGCP's -15.06%.

Which ETF is better, JEPI or CGCP?

On 3-year performance, JEPI leads with 8.80% vs 5.00% for CGCP. On fees, CGCP is cheaper at 0.34% per year. On volatility, CGCP has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPI or CGCP?

Over the 3-year period, JEPI has performed better with a 8.80% return vs 5.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPI or CGCP?

CGCP is cheaper with a 0.34% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.28%, compared with 5.17% for CGCP.

What is the main difference between JEPI and CGCP?

JEPI is categorized as Dividend, while CGCP is Intermediate Core-Plus Bond. They also come from different issuers: JPMorgan and Capital Group. Their fees differ too: 0.35% for JEPI and 0.34% for CGCP.

Which has better risk-adjusted returns?

CGCP currently has the higher Sharpe Ratio (1.55 vs 0.90), 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.