JEPQ vs. SPYI
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and NEOS S&P 500 High Income ETF (SPYI).
JEPQ and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022. 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: JEPQ or SPYI.
Performance
JEPQ vs. SPYI - Performance Comparison
Returns By Period
In the year-to-date period, JEPQ achieves a 22.43% return, which is significantly higher than SPYI's 18.58% return.
JEPQ
22.43%
2.46%
9.42%
26.56%
N/A
N/A
SPYI
18.58%
0.39%
9.77%
21.85%
N/A
N/A
Key characteristics
| JEPQ | SPYI | |
|---|---|---|
| Sharpe Ratio | 2.15 | 2.37 |
| Sortino Ratio | 2.82 | 3.18 |
| Omega Ratio | 1.44 | 1.50 |
| Calmar Ratio | 2.47 | 3.31 |
| Martin Ratio | 10.68 | 16.57 |
| Ulcer Index | 2.48% | 1.32% |
| Daily Std Dev | 12.33% | 9.24% |
| Max Drawdown | -16.82% | -10.19% |
| Current Drawdown | -0.78% | -1.51% |
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JEPQ vs. SPYI - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Correlation
The correlation between JEPQ and SPYI is 0.88, 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
JEPQ vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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
JEPQ vs. SPYI - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 9.42%, less than SPYI's 11.70% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.42% | 10.02% | 9.44% |
SPYI NEOS S&P 500 High Income ETF | 10.78% | 12.01% | 4.10% |
Drawdowns
JEPQ vs. SPYI - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -16.82%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for JEPQ and SPYI. For additional features, visit the drawdowns tool.
Volatility
JEPQ vs. SPYI - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 3.86% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.95%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.