PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
JEPI vs. XBAL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JEPI vs. XBAL.TO

Last updated Jun 9, 2026

JEPI (JPMorgan Equity Premium Income ETF) and XBAL.TO (iShares Core Balanced ETF Portfolio) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while XBAL.TO is a Diversified Portfolio fund actively managed by iShares. Both are actively managed. Over the past 5 years, JEPI returned 7.28%/yr vs 4.97%/yr for XBAL.TO. A 0.54 correlation means they provide meaningful diversification when combined. JEPI charges 0.35%/yr vs 0.20%/yr for XBAL.TO.

Performance

JEPI vs. XBAL.TO - Performance Comparison

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

Loading charts...

Different Trading Currencies

JEPI is traded in USD, while XBAL.TO is traded in CAD. To make them comparable, the XBAL.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JEPI achieves a 0.04% return, which is significantly lower than XBAL.TO's 5.15% return.

JEPI

1D
-0.31%
1M
-0.40%
YTD
0.04%
6M
0.91%
1Y
7.03%
3Y*
8.80%
5Y*
7.28%
10Y*
—

XBAL.TO

1D
-1.22%
1M
-0.75%
YTD
5.15%
6M
5.10%
1Y
14.15%
3Y*
12.52%
5Y*
4.97%
10Y*
6.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JEPI vs. XBAL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
JEPI
JPMorgan Equity Premium Income ETF		0.04%8.09%12.57%9.83%-3.49%21.52%18.61%
XBAL.TO
iShares Core Balanced ETF Portfolio		5.09%17.26%6.76%15.80%-16.45%10.21%23.94%

Correlation

The correlation between JEPI and XBAL.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (All Time)
Calculated using the full available price history since May 22, 2020

0.54

The correlation between JEPI and XBAL.TO has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

JEPI vs. XBAL.TO - Sectors Allocation Comparison

Sectors
JEPI
XBAL.TO

Technology

19.1%
21.6%

Healthcare

14.1%
6.6%

Industrials

13.8%
12.4%

Consumer Cyclical

11.7%
8.0%

Financial Services

9.8%
20.5%

Consumer Defensive

9.6%
4.6%

Communication Services

6.9%
6.4%

Utilities

6.2%
2.9%

Real Estate

3.5%
2.3%

Energy

3.5%
7.5%

Basic Materials

1.9%
7.4%

Technology

JEPI
19.1%
XBAL.TO
21.6%

Healthcare

JEPI
14.1%
XBAL.TO
6.6%

Industrials

JEPI
13.8%
XBAL.TO
12.4%

Consumer Cyclical

JEPI
11.7%
XBAL.TO
8.0%

Financial Services

JEPI
9.8%
XBAL.TO
20.5%

Consumer Defensive

JEPI
9.6%
XBAL.TO
4.6%

Communication Services

JEPI
6.9%
XBAL.TO
6.4%

Utilities

JEPI
6.2%
XBAL.TO
2.9%

Real Estate

JEPI
3.5%
XBAL.TO
2.3%

Energy

JEPI
3.5%
XBAL.TO
7.5%

Basic Materials

JEPI
1.9%
XBAL.TO
7.4%

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 Core Balanced ETF Portfolio

Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOO
Often compared with XBAL.TO:
XBAL.TO vs. XEQT.TOXBAL.TO vs. VBAL.TOXBAL.TO vs. XCNS.TOXBAL.TO vs. XEI.TOXBAL.TO vs. ZBAL.TOXBAL.TO vs. ZLB.TOXBAL.TO vs. GBAL.TO

Return for Risk

JEPI vs. XBAL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JEPI
JEPI Risk / Return Rank: 2626
Overall Rank
JEPI Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 2727
Sortino Ratio Rank
JEPI Omega Ratio Rank: 2727
Omega Ratio Rank
JEPI Calmar Ratio Rank: 2424
Calmar Ratio Rank
JEPI Martin Ratio Rank: 2626
Martin Ratio Rank
XBAL.TO
XBAL.TO Risk / Return Rank: 6464
Overall Rank
XBAL.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
XBAL.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
XBAL.TO Omega Ratio Rank: 6666
Omega Ratio Rank
XBAL.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XBAL.TO Martin Ratio Rank: 6868
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. XBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and iShares Core Balanced ETF Portfolio (XBAL.TO). 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.

JEPIXBAL.TODifference
Sharpe ratioReturn per unit of total volatility
0.90
1.47

-0.58

Sortino ratioReturn per unit of downside risk
1.35
2.11

-0.76

Omega ratioGain probability vs. loss probability

1.17

1.27

-0.10

Calmar ratioReturn relative to maximum drawdown

1.06

2.04

-0.98

Martin ratioReturn relative to average drawdown

3.31

8.55

-5.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPI vs. XBAL.TO - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.90, which is lower than the XBAL.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of JEPI and XBAL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

JEPIXBAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.90

1.47

-0.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.46

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.57

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.01

0.37

+0.64

Drawdowns

JEPI vs. XBAL.TO - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum XBAL.TO drawdown of -47.75%. Use the drawdown chart below to compare losses from any high point for JEPI and XBAL.TO.

Loading charts...

Drawdown Indicators

JEPIXBAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-13.71%

-47.75%

+34.04%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-6.98%

+0.30%

Max Drawdown (3Y)

Largest decline over 3 years

-13.26%

-9.87%

-3.39%

Max Drawdown (5Y)

Largest decline over 5 years

-13.71%

-24.50%

+10.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.62%

—

Current Drawdown

Current decline from peak

-4.93%

-1.84%

-3.09%

Average Drawdown

Average peak-to-trough decline

-2.12%

-7.47%

+5.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

1.66%

+0.47%

Volatility

JEPI vs. XBAL.TO - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.48%, while iShares Core Balanced ETF Portfolio (XBAL.TO) has a volatility of 3.07%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

JEPIXBAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.48%

3.07%

-1.59%

Volatility (6M)

Calculated over the trailing 6-month period

6.09%

7.95%

-1.86%

Volatility (1Y)

Calculated over the trailing 1-year period

7.89%

9.67%

-1.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.06%

10.83%

+0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.79%

11.81%

-1.02%

JEPI vs. XBAL.TO - Expense Ratio Comparison

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

Dividends

JEPI vs. XBAL.TO - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.28%, more than XBAL.TO's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		8.28%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
XBAL.TO
iShares Core Balanced ETF Portfolio		2.13%2.27%2.72%2.43%2.12%1.78%2.04%2.31%3.47%3.00%3.72%3.38%

Frequently Asked Questions

JEPI and XBAL.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XBAL.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

JEPI is categorized as Dividend, while XBAL.TO is Diversified Portfolio. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEPI and 0.20% for XBAL.TO.

Portfolio Optimizer

Find the right allocation for JEPI and XBAL.TO

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