JEPI vs. SIHY

Last updated Jun 14, 2026

JEPI (JPMorgan Equity Premium Income ETF) and SIHY (Harbor Scientific Alpha High-Yield ETF) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while SIHY is a High Yield Bonds fund tracking the ICE BofA US High Yield. JEPI is actively managed, while SIHY is passively managed. Over the past 3 years, JEPI returned 9.13%/yr vs 9.46%/yr for SIHY. A 0.55 correlation means they provide meaningful diversification when combined. JEPI charges 0.35%/yr vs 0.48%/yr for SIHY.

Performance

JEPI vs. SIHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and Harbor Scientific Alpha High-Yield ETF (SIHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPI achieves a 1.29% return, which is significantly lower than SIHY's 2.17% return.

JEPI

• 1D: 0.43%
• 1M: 0.97%
• YTD: 1.29%
• 6M: 1.18%
• 1Y: 8.34%
• 3Y*: 9.13%
• 5Y*: 7.45%
• 10Y*: —

SIHY

• 1D: -0.09%
• 1M: 1.34%
• YTD: 2.17%
• 6M: 2.61%
• 1Y: 8.13%
• 3Y*: 9.46%
• 5Y*: —
• 10Y*: —

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

JEPI vs. SIHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JEPI JPMorgan Equity Premium Income ETF	1.29%	8.09%	12.57%	9.83%	-3.49%	5.22%
SIHY Harbor Scientific Alpha High-Yield ETF	2.17%	8.13%	8.67%	13.31%	-7.73%	0.18%

Correlation

The correlation between JEPI and SIHY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.55

The correlation between JEPI and SIHY has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

Return for Risk

JEPI vs. SIHY — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 28
JEPI Sharpe Ratio Rank: 30
JEPI Sortino Ratio Rank: 29
JEPI Omega Ratio Rank: 28
JEPI Calmar Ratio Rank: 27
JEPI Martin Ratio Rank: 28

SIHY

SIHY Risk / Return Rank: 66
SIHY Sharpe Ratio Rank: 65
SIHY Sortino Ratio Rank: 75
SIHY Omega Ratio Rank: 71
SIHY Calmar Ratio Rank: 57
SIHY Martin Ratio Rank: 64

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. SIHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Harbor Scientific Alpha High-Yield ETF (SIHY). 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	SIHY	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.90	-0.95
Sortino ratio: Return per unit of downside risk	1.42	2.96	-1.54
Omega ratio: Gain probability vs. loss probability	1.17	1.37	-0.19
Calmar ratio: Return relative to maximum drawdown	1.14	2.51	-1.37
Martin ratio: Return relative to average drawdown	3.46	10.38	-6.91

JEPI vs. SIHY - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.95, which is lower than the SIHY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JEPI and SIHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEPI vs. SIHY - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, roughly equal to the maximum SIHY drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for JEPI and SIHY.

Drawdown Indicators

	JEPI	SIHY	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-13.30%	-0.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-3.17%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-5.36%	-7.90%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	—	—
Current Drawdown Current decline from peak	-3.75%	-0.09%	-3.66%
Average Drawdown Average peak-to-trough decline	-2.13%	-2.76%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	0.76%	+1.44%

Volatility

JEPI vs. SIHY - Volatility Comparison

JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 2.05% compared to Harbor Scientific Alpha High-Yield ETF (SIHY) at 1.19%. This indicates that JEPI's price experiences larger fluctuations and is considered to be riskier than SIHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPI	SIHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	1.19%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	3.12%	+3.11%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	4.18%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	7.56%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.79%	7.56%	+3.23%

JEPI vs. SIHY - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is lower than SIHY's 0.48% expense ratio.

Dividends

JEPI vs. SIHY - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.18%, more than SIHY's 7.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	8.18%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
SIHY Harbor Scientific Alpha High-Yield ETF	7.23%	7.61%	7.54%	7.06%	6.31%	1.30%	0.00%

Frequently Asked Questions

Can I hold both JEPI and SIHY in my portfolio?

JEPI and SIHY have a correlation of 0.46, 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 SIHY?

JEPI has higher volatility (2.05%) compared to SIHY (1.19%). In terms of maximum drawdown, JEPI dropped -13.71% vs SIHY's -13.30%.

Which ETF is better, JEPI or SIHY?

On 3-year performance, SIHY leads with 9.46% vs 9.13% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, SIHY has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPI or SIHY?

Over the 3-year period, SIHY has performed better with a 9.46% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPI or SIHY?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.48% for SIHY.

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

JEPI has the higher dividend yield at 8.18%, compared with 7.23% for SIHY.

What is the main difference between JEPI and SIHY?

JEPI is categorized as Dividend, while SIHY is High Yield Bonds. They also come from different issuers: JPMorgan and Harbor. Their fees differ too: 0.35% for JEPI and 0.48% for SIHY.

Which has better risk-adjusted returns?

SIHY currently has the higher Sharpe Ratio (1.90 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.