JIRE vs. JEPI

Last updated Aug 2, 2026

JIRE (JPMorgan International Research Enhanced Equity ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JIRE is a Foreign Large Cap 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, JIRE returned 16.20%/yr vs 9.21%/yr for JEPI. Their 0.65 correlation means they have sometimes moved together and sometimes differently. JIRE charges 0.24%/yr vs 0.35%/yr for JEPI.

Performance

JIRE vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Research Enhanced Equity ETF (JIRE) 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, JIRE achieves a 11.46% return, which is significantly higher than JEPI's 4.52% return.

JIRE

• 1D: -0.63%
• 1M: 0.81%
• 6M: 6.22%
• YTD: 11.46%
• 1Y: 24.56%
• 3Y*: 16.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.98%

JEPI

• 1D: 0.33%
• 1M: 1.27%
• 6M: 2.16%
• YTD: 4.52%
• 1Y: 11.16%
• 3Y*: 9.21%
• 5Y*: 7.40%
• 10Y*: —
• ALL TIME*: 11.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEPI JPMorgan Equity Premium Income ETF	$260.98M	$260.42M	$297.70M
JIRE JPMorgan International Research Enhanced Equity ETF	$46.29M	$36.24M	$38.13M

JIRE vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JIRE JPMorgan International Research Enhanced Equity ETF	11.46%	31.83%	3.15%	20.00%	5.09%
JEPI JPMorgan Equity Premium Income ETF	4.52%	8.09%	12.57%	9.83%	4.96%

Correlation

The correlation between JIRE and JEPI is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (All Time) Calculated using the full available price history since Jun 13, 2022	0.65

The correlation between JIRE and JEPI has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

JIRE vs. JEPI - Sectors Allocation Comparison

Sectors	JIRE	JEPI
Financial Services	25.8%	8.9%
Industrials	18.2%	11.2%
Technology	14.3%	15.4%
Healthcare	9.9%	12.9%
Consumer Cyclical	8.1%	9.8%
Consumer Defensive	6.6%	7.7%
Basic Materials	5.1%	1.6%
Utilities	4.3%	4.9%
Communication Services	4.0%	6.1%
Energy	3.0%	2.6%
Real Estate	0.9%	2.6%

Return for Risk

JIRE vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JIRE

JIRE Risk / Return Rank: 63
JIRE Sharpe Ratio Rank: 65
JIRE Sortino Ratio Rank: 67
JIRE Omega Ratio Rank: 63
JIRE Calmar Ratio Rank: 59
JIRE Martin Ratio Rank: 63

JEPI

JEPI Risk / Return Rank: 48
JEPI Sharpe Ratio Rank: 52
JEPI Sortino Ratio Rank: 53
JEPI Omega Ratio Rank: 52
JEPI Calmar Ratio Rank: 43
JEPI Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JIRE vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Research Enhanced Equity ETF (JIRE) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JIRE	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.25	+0.26
Sortino ratio: Return per unit of downside risk	2.18	1.85	+0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.07	1.52	+0.55
Martin ratio: Return relative to average drawdown	7.57	4.32	+3.25

JIRE vs. JEPI - Sharpe Ratio Comparison

The current JIRE Sharpe Ratio is 1.51, which is comparable to the JEPI Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of JIRE 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.

Drawdowns

JIRE vs. JEPI - Drawdown Comparison

The maximum JIRE drawdown since its inception was -16.11%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JIRE and JEPI.

Drawdown Indicators

	JIRE	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.11%	-13.71%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-6.68%	-5.09%
Max Drawdown (3Y) Largest decline over 3 years	-13.61%	-13.26%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.63%	-0.68%	+0.05%
Average Drawdown Average peak-to-trough decline	-2.97%	-2.13%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.36%	+0.86%

Volatility

JIRE vs. JEPI - Volatility Comparison

JPMorgan International Research Enhanced Equity ETF (JIRE) has a higher volatility of 4.81% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that JIRE'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

	JIRE	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	2.38%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	6.37%	+7.62%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	8.15%	+8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	11.10%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	10.73%	+5.61%

JIRE vs. JEPI - Expense Ratio Comparison

JIRE has a 0.24% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

JIRE vs. JEPI - Dividend Comparison

JIRE's dividend yield for the trailing twelve months is around 2.68%, less than JEPI's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	7.34%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
JIRE JPMorgan International Research Enhanced Equity ETF	2.68%	2.99%	3.03%	2.74%	2.62%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIRE and JEPI in my portfolio?

JIRE and JEPI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIRE or JEPI?

JIRE has higher volatility (4.81%) compared to JEPI (2.38%). In terms of maximum drawdown, JIRE dropped -16.11% vs JEPI's -13.71%.

Which ETF is better, JIRE or JEPI?

On 3-year performance, JIRE leads with 16.20% vs 9.21% for JEPI. On fees, JIRE is cheaper at 0.24% per year. On volatility, JEPI has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIRE or JEPI?

Over the 3-year period, JIRE has performed better with a 16.20% return vs 9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIRE or JEPI?

JIRE is cheaper with a 0.24% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 7.34%, compared with 2.68% for JIRE.

What is the main difference between JIRE and JEPI?

JIRE is categorized as Foreign Large Cap Equities, while JEPI is Dividend. Their fees differ too: 0.24% for JIRE and 0.35% for JEPI.

Which has better risk-adjusted returns?

JIRE currently has the higher Sharpe Ratio (1.51 vs 1.25), 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.