JEPI vs. SPYI
Compare and contrast key facts about JPMorgan Equity Premium Income ETF (JEPI) and NEOS S&P 500 High Income ETF (SPYI).
JEPI and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPI or SPYI.
Performance
JEPI vs. SPYI - Performance Comparison
Returns By Period
In the year-to-date period, JEPI achieves a 14.85% return, which is significantly lower than SPYI's 18.58% return.
JEPI
14.85%
0.36%
7.81%
17.75%
N/A
N/A
SPYI
18.58%
0.39%
9.77%
21.85%
N/A
N/A
Key characteristics
| JEPI | SPYI | |
|---|---|---|
| Sharpe Ratio | 2.57 | 2.37 |
| Sortino Ratio | 3.57 | 3.18 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 4.69 | 3.31 |
| Martin Ratio | 18.13 | 16.57 |
| Ulcer Index | 1.00% | 1.32% |
| Daily Std Dev | 7.05% | 9.24% |
| Max Drawdown | -13.71% | -10.19% |
| Current Drawdown | -1.00% | -1.51% |
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JEPI vs. SPYI - Expense Ratio Comparison
JEPI has a 0.35% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Correlation
The correlation between JEPI and SPYI is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
JEPI vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and NEOS S&P 500 High Income ETF (SPYI). 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.
Dividends
JEPI vs. SPYI - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 7.12%, less than SPYI's 11.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 7.12% | 8.40% | 11.67% | 6.59% | 5.79% |
SPYI NEOS S&P 500 High Income ETF | 11.70% | 12.01% | 4.10% | 0.00% | 0.00% |
Drawdowns
JEPI vs. SPYI - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for JEPI and SPYI. For additional features, visit the drawdowns tool.
Volatility
JEPI vs. SPYI - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 2.14%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 2.95%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.