JGRO vs. JEPI

Last updated Jun 5, 2026

JGRO (JPMorgan Active Growth ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, JGRO returned 22.94%/yr vs 9.05%/yr for JEPI. A 0.63 correlation means they provide meaningful diversification when combined. JGRO charges 0.44%/yr vs 0.35%/yr for JEPI.

Performance

JGRO vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Growth ETF (JGRO) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGRO achieves a 6.37% return, which is significantly higher than JEPI's 0.69% return.

JGRO

• 1D: 0.10%
• 1M: 4.31%
• YTD: 6.37%
• 6M: 4.65%
• 1Y: 20.41%
• 3Y*: 22.94%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.54%
• 1M: -0.71%
• YTD: 0.69%
• 6M: 1.05%
• 1Y: 8.25%
• 3Y*: 9.05%
• 5Y*: 7.37%
• 10Y*: —

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

JGRO vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JGRO JPMorgan Active Growth ETF	6.37%	14.71%	32.77%	37.74%	-10.03%
JEPI JPMorgan Equity Premium Income ETF	0.69%	8.09%	12.57%	9.83%	0.50%

Correlation

The correlation between JGRO and JEPI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.63

Over the past year, the correlation between JGRO and JEPI has dropped to 0.43 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

JGRO vs. JEPI - Sectors Allocation Comparison

Sectors	JGRO	JEPI
Technology	42.0%	19.1%
Communication Services	13.9%	6.9%
Consumer Cyclical	11.7%	11.7%
Healthcare	11.0%	14.1%
Industrials	9.2%	13.8%
Financial Services	5.6%	9.8%
Consumer Defensive	4.1%	9.6%
Energy	1.9%	3.5%
Basic Materials	0.3%	1.9%
Real Estate	0.3%	3.5%
Utilities	0.1%	6.2%

Return for Risk

JGRO vs. JEPI — Risk / Return Rank

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

JGRO

JGRO Risk / Return Rank: 33
JGRO Sharpe Ratio Rank: 38
JGRO Sortino Ratio Rank: 36
JGRO Omega Ratio Rank: 37
JGRO Calmar Ratio Rank: 27
JGRO Martin Ratio Rank: 28

JEPI

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

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.

JGRO vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Growth ETF (JGRO) and JPMorgan Equity Premium Income ETF (JEPI). 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.

	JGRO	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.05	+0.28
Sortino ratio: Return per unit of downside risk	1.86	1.57	+0.29
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.04
Calmar ratio: Return relative to maximum drawdown	1.25	1.24	+0.01
Martin ratio: Return relative to average drawdown	3.76	3.96	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRO vs. JEPI - Sharpe Ratio Comparison

The current JGRO Sharpe Ratio is 1.33, which is comparable to the JEPI Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of JGRO and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JGRO	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.05	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.02	-0.01

Drawdowns

JGRO vs. JEPI - Drawdown Comparison

The maximum JGRO drawdown since its inception was -22.70%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JGRO and JEPI.

Drawdown Indicators

	JGRO	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-13.71%	-8.99%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-6.68%	-9.76%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-13.26%	-9.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.79%	-4.31%	+3.52%
Average Drawdown Average peak-to-trough decline	-4.85%	-2.12%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	2.08%	+3.36%

Volatility

JGRO vs. JEPI - Volatility Comparison

JPMorgan Active Growth ETF (JGRO) has a higher volatility of 3.76% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.46%. This indicates that JGRO's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGRO	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	1.46%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	6.10%	+5.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.40%	7.87%	+7.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	11.06%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	10.80%	+9.08%

JGRO vs. JEPI - Expense Ratio Comparison

JGRO has a 0.44% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

JGRO vs. JEPI - Dividend Comparison

JGRO's dividend yield for the trailing twelve months is around 0.15%, less than JEPI's 8.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	8.23%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
JGRO JPMorgan Active Growth ETF	0.15%	0.16%	0.10%	0.17%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JGRO and JEPI in my portfolio?

JGRO and JEPI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGRO or JEPI?

JGRO has higher volatility (3.76%) compared to JEPI (1.46%). In terms of maximum drawdown, JGRO dropped -22.70% vs JEPI's -13.71%.

Which ETF is better, JGRO or JEPI?

On 3-year performance, JGRO leads with 22.94% vs 9.05% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JGRO or JEPI?

Over the 3-year period, JGRO has performed better with a 22.94% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JGRO or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.44% for JGRO.

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

JEPI has the higher dividend yield at 8.23%, compared with 0.15% for JGRO.

What is the main difference between JGRO and JEPI?

JGRO is categorized as Large Cap Growth Equities, while JEPI is Dividend. Their fees differ too: 0.44% for JGRO and 0.35% for JEPI.

Which has better risk-adjusted returns?

JGRO currently has the higher Sharpe Ratio (1.33 vs 1.05), 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.