JEPI vs. OXLC
JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past 5 years, JEPI returned 7.73%/yr vs -4.81%/yr for OXLC. At a 0.30 correlation, their price movements are largely independent.
Performance
JEPI vs. OXLC - Performance Comparison
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Returns By Period
In the year-to-date period, JEPI achieves a 1.40% return, which is significantly higher than OXLC's -13.51% return.
JEPI
- 1D
- 0.20%
- 1M
- 0.56%
- YTD
- 1.40%
- 6M
- 1.62%
- 1Y
- 9.04%
- 3Y*
- 9.01%
- 5Y*
- 7.73%
- 10Y*
- —
OXLC
- 1D
- -0.60%
- 1M
- 9.80%
- YTD
- -13.51%
- 6M
- -9.10%
- 1Y
- -27.96%
- 3Y*
- -3.67%
- 5Y*
- -4.81%
- 10Y*
- 6.30%
JEPI vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 1.40% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
OXLC Oxford Lane Capital Corp. | -13.51% | -24.38% | 24.58% | 16.52% | -24.15% | 59.91% | 105.31% |
Correlation
The correlation between JEPI and OXLC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.30 |
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Return for Risk
JEPI vs. OXLC — Risk / Return Rank
JEPI
OXLC
JEPI vs. OXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Oxford Lane Capital Corp. (OXLC). 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 | OXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.89 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.55 | +1.90 |
| Martin ratioReturn relative to average drawdown | 4.06 | -1.00 | +5.06 |
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Drawdowns
JEPI vs. OXLC - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for JEPI and OXLC.
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Drawdown Indicators
| JEPI | OXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -74.58% | +60.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -51.38% | +44.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -57.17% | +43.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -57.17% | +43.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.58% | — |
Current DrawdownCurrent decline from peak | -3.64% | -38.05% | +34.41% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -14.04% | +11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 28.07% | -25.84% |
Volatility
JEPI vs. OXLC - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 2.35%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 25.66%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI | OXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 25.66% | -23.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 37.06% | -30.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.03% | 44.16% | -36.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 28.72% | -17.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 43.36% | -32.57% |
Dividends
JEPI vs. OXLC - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.17%, less than OXLC's 76.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.17% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OXLC Oxford Lane Capital Corp. | 76.60% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
Frequently Asked Questions
JEPI and OXLC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (25.66%) compared to JEPI (2.35%). In terms of maximum drawdown, JEPI dropped -13.71% vs OXLC's -74.58%.
JEPI currently has the higher Sharpe Ratio (1.13 vs -0.64), 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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