JEPI vs. NYF
JEPI (JPMorgan Equity Premium Income ETF) and NYF (iShares New York Muni Bond ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while NYF is a Municipal Bonds fund tracking the S&P New York AMT-Free Municipal Bond Index. JEPI is actively managed, while NYF is passively managed. Over the past 5 years, JEPI returned 7.36%/yr vs 0.76%/yr for NYF. At a 0.15 correlation, their price movements are largely independent. JEPI charges 0.35%/yr vs 0.25%/yr for NYF.
Performance
JEPI vs. NYF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JEPI achieves a 0.86% return, which is significantly lower than NYF's 1.58% return.
JEPI
- 1D
- 0.92%
- 1M
- 0.20%
- YTD
- 0.86%
- 6M
- 0.64%
- 1Y
- 7.61%
- 3Y*
- 9.04%
- 5Y*
- 7.36%
- 10Y*
- —
NYF
- 1D
- 0.17%
- 1M
- 0.63%
- YTD
- 1.58%
- 6M
- 1.84%
- 1Y
- 6.63%
- 3Y*
- 3.28%
- 5Y*
- 0.76%
- 10Y*
- 1.76%
JEPI vs. NYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 0.86% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
NYF iShares New York Muni Bond ETF | 1.58% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 3.75% |
Correlation
The correlation between JEPI and NYF is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.15 |
The correlation between JEPI and NYF shifts across timeframes, from 0.15 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JEPI vs. NYF — Risk / Return Rank
JEPI
NYF
JEPI vs. NYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and iShares New York Muni Bond ETF (NYF). 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 | NYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.52 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.41 | -1.27 |
| Martin ratioReturn relative to average drawdown | 3.49 | 8.60 | -5.11 |
Loading charts...
Drawdowns
JEPI vs. NYF - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, roughly equal to the maximum NYF drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for JEPI and NYF.
Loading charts...
Drawdown Indicators
| JEPI | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -13.12% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -2.76% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -5.68% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -12.71% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.12% | — |
Current DrawdownCurrent decline from peak | -4.16% | -0.50% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -2.31% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.77% | +1.41% |
Volatility
JEPI vs. NYF - Volatility Comparison
JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 2.03% compared to iShares New York Muni Bond ETF (NYF) at 0.97%. This indicates that JEPI's price experiences larger fluctuations and is considered to be riskier than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JEPI | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 0.97% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 2.10% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 2.76% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.08% | 4.00% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.80% | 4.48% | +6.32% |
JEPI vs. NYF - Expense Ratio Comparison
JEPI has a 0.35% expense ratio, which is higher than NYF's 0.25% expense ratio.
Dividends
JEPI vs. NYF - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.21%, more than NYF's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Frequently Asked Questions
JEPI and NYF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (2.03%) compared to NYF (0.97%). In terms of maximum drawdown, JEPI dropped -13.71% vs NYF's -13.12%.
On 5-year performance, JEPI leads with 7.36% vs 0.76% for NYF. On fees, NYF is cheaper at 0.25% per year. On volatility, NYF has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.36% return vs 0.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NYF is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.21%, compared with 3.09% for NYF.
JEPI is categorized as Dividend, while NYF is Municipal Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEPI and 0.25% for NYF.
NYF currently has the higher Sharpe Ratio (2.41 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.
Find the right allocation for JEPI and NYF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer