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JEPI vs. LRGF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JEPI vs. LRGF

Last updated Jul 26, 2026
Documentation

JEPI (JPMorgan Equity Premium Income ETF) and LRGF (iShares MSCI USA Multifactor ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor. JEPI is actively managed, while LRGF is passively managed. Over the past 5 years, JEPI returned 7.17%/yr vs 13.20%/yr for LRGF. Their 0.78 correlation means they have sometimes moved together and sometimes differently. JEPI charges 0.35%/yr vs 0.20%/yr for LRGF.

Performance

JEPI vs. LRGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and iShares MSCI USA Multifactor ETF (LRGF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JEPI achieves a 3.37% return, which is significantly lower than LRGF's 8.94% return.

JEPI

1D
0.67%
1M
2.00%
6M
1.35%
YTD
3.37%
1Y
7.34%
3Y*
8.83%
5Y*
7.17%
10Y*
—
ALL TIME*
11.13%

LRGF

1D
0.09%
1M
1.20%
6M
8.82%
YTD
8.94%
1Y
15.34%
3Y*
19.41%
5Y*
13.20%
10Y*
13.48%
ALL TIME*
12.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JEPI

JPMorgan Equity Premium Income ETF
$256.82M$259.30M$303.30M

LRGF

iShares MSCI USA Multifactor ETF
$11.35M$13.93M$11.55M

JEPI vs. LRGF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
JEPI
JPMorgan Equity Premium Income ETF		3.37%8.09%12.57%9.83%-3.49%21.52%18.39%
LRGF
iShares MSCI USA Multifactor ETF		8.94%16.48%26.59%25.85%-14.77%25.01%26.09%

Correlation

The correlation between JEPI and LRGF is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.58

Correlation (3Y)
Balances recent behavior with more history.

0.73

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.78

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.78

The correlation between JEPI and LRGF shifts across timeframes, from 0.58 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

JEPI vs. LRGF - Sectors Allocation Comparison

Sectors
JEPI
LRGF

Technology

15.3%
37.3%

Healthcare

12.8%
9.4%

Industrials

10.7%
8.3%

Consumer Cyclical

10.0%
10.5%

Financial Services

9.1%
11.7%

Consumer Defensive

7.8%
4.9%

Communication Services

6.2%
10.0%

Utilities

4.8%
2.0%

Real Estate

2.6%
1.1%

Energy

2.5%
3.1%

Basic Materials

1.6%
1.8%

Technology

JEPI
15.3%
LRGF
37.3%

Healthcare

JEPI
12.8%
LRGF
9.4%

Industrials

JEPI
10.7%
LRGF
8.3%

Consumer Cyclical

JEPI
10.0%
LRGF
10.5%

Financial Services

JEPI
9.1%
LRGF
11.7%

Consumer Defensive

JEPI
7.8%
LRGF
4.9%

Communication Services

JEPI
6.2%
LRGF
10.0%

Utilities

JEPI
4.8%
LRGF
2.0%

Real Estate

JEPI
2.6%
LRGF
1.1%

Energy

JEPI
2.5%
LRGF
3.1%

Basic Materials

JEPI
1.6%
LRGF
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Equity Premium Income ETF

iShares MSCI USA Multifactor ETF

Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. DIVO
Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. VVLRGF vs. JQUA

Return for Risk

JEPI vs. LRGF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JEPI
JEPI Risk / Return Rank: 3636
Overall Rank
JEPI Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 3838
Sortino Ratio Rank
JEPI Omega Ratio Rank: 3737
Omega Ratio Rank
JEPI Calmar Ratio Rank: 3434
Calmar Ratio Rank
JEPI Martin Ratio Rank: 3434
Martin Ratio Rank
LRGF
LRGF Risk / Return Rank: 5252
Overall Rank
LRGF Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 5151
Sortino Ratio Rank
LRGF Omega Ratio Rank: 5050
Omega Ratio Rank
LRGF Calmar Ratio Rank: 5151
Calmar Ratio Rank
LRGF Martin Ratio Rank: 5959
Martin Ratio Rank
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. LRGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and iShares MSCI USA Multifactor ETF (LRGF). 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.

JEPILRGFDifference
Sharpe ratioReturn per unit of total volatility
0.95
1.25

-0.30

Sortino ratioReturn per unit of downside risk
1.42
1.77

-0.35

Omega ratioGain probability vs. loss probability

1.18

1.22

-0.05

Calmar ratioReturn relative to maximum drawdown

1.15

1.78

-0.63

Martin ratioReturn relative to average drawdown

3.22

6.95

-3.73

JEPI vs. LRGF - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.95, which is comparable to the LRGF Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of JEPI and LRGF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JEPI vs. LRGF - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum LRGF drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for JEPI and LRGF.

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Drawdown Indicators

JEPILRGFDifference

Max Drawdown

Largest peak-to-trough decline

-13.71%

-36.03%

+22.32%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-8.92%

+2.24%

Max Drawdown (3Y)

Largest decline over 3 years

-13.26%

-19.44%

+6.18%

Max Drawdown (5Y)

Largest decline over 5 years

-13.71%

-21.62%

+7.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.03%

—

Current Drawdown

Current decline from peak

-1.77%

-2.11%

+0.34%

Average Drawdown

Average peak-to-trough decline

-2.13%

-4.51%

+2.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.37%

2.28%

+0.09%

Volatility

JEPI vs. LRGF - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.95%, while iShares MSCI USA Multifactor ETF (LRGF) has a volatility of 2.90%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than LRGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JEPILRGFDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.95%

2.90%

-0.95%

Volatility (6M)

Calculated over the trailing 6-month period

6.22%

9.83%

-3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

8.06%

12.69%

-4.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.09%

17.07%

-5.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.74%

18.28%

-7.54%

JEPI vs. LRGF - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is higher than LRGF's 0.20% expense ratio.

Dividends

JEPI vs. LRGF - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.05%, more than LRGF's 1.09% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		8.05%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
LRGF
iShares MSCI USA Multifactor ETF		1.09%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%

Frequently Asked Questions

JEPI and LRGF have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LRGF has higher volatility (2.90%) compared to JEPI (1.95%). In terms of maximum drawdown, JEPI dropped -13.71% vs LRGF's -36.03%.

On 5-year performance, LRGF leads with 13.20% vs 7.17% for JEPI. On fees, LRGF is cheaper at 0.20% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, LRGF has performed better with a 13.20% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LRGF is cheaper with a 0.20% expense ratio, compared with 0.35% for JEPI.

JEPI has the higher dividend yield at 8.05%, compared with 1.09% for LRGF.

JEPI is categorized as Dividend, while LRGF is Large Cap Blend Equities. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEPI and 0.20% for LRGF.

LRGF currently has the higher Sharpe Ratio (1.25 vs 0.95), 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.

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