JEPIX vs. SPY
Compare and contrast key facts about JPMorgan Equity Premium Income Fund Class I (JEPIX) and SPDR S&P 500 ETF (SPY).
JEPIX is managed by JPMorgan Chase. It was launched on Aug 31, 2018. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPIX or SPY.
Key characteristics
| JEPIX | SPY | |
|---|---|---|
| YTD Return | 16.21% | 27.04% |
| 1Y Return | 21.02% | 39.75% |
| 3Y Return (Ann) | 8.30% | 10.21% |
| 5Y Return (Ann) | 10.03% | 15.93% |
| Sharpe Ratio | 2.94 | 3.15 |
| Sortino Ratio | 4.25 | 4.19 |
| Omega Ratio | 1.61 | 1.59 |
| Calmar Ratio | 5.39 | 4.60 |
| Martin Ratio | 19.84 | 20.85 |
| Ulcer Index | 1.06% | 1.85% |
| Daily Std Dev | 7.17% | 12.29% |
| Max Drawdown | -32.63% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JEPIX and SPY is 0.75, 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.
Performance
JEPIX vs. SPY - Performance Comparison
In the year-to-date period, JEPIX achieves a 16.21% return, which is significantly lower than SPY's 27.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JEPIX vs. SPY - Expense Ratio Comparison
JEPIX has a 0.63% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JEPIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income Fund Class I (JEPIX) and SPDR S&P 500 ETF (SPY). 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
JEPIX vs. SPY - Dividend Comparison
JEPIX's dividend yield for the trailing twelve months is around 6.89%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPIX JPMorgan Equity Premium Income Fund Class I | 6.89% | 8.43% | 12.24% | 7.58% | 11.59% | 7.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
JEPIX vs. SPY - Drawdown Comparison
The maximum JEPIX drawdown since its inception was -32.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JEPIX and SPY. For additional features, visit the drawdowns tool.
Volatility
JEPIX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income Fund Class I (JEPIX) is 1.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that JEPIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.