JIRE vs. JEPI

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan International Research Enhanced Equity ETF (JIRE) and JPMorgan Equity Premium Income ETF (JEPI).

JIRE and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JIRE is an actively managed fund by JPMorgan. It was launched on Oct 28, 1992. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.

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.

JIRE vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JIRE JPMorgan International Research Enhanced Equity ETF	1.15%	31.83%	3.15%	20.00%	5.73%
JEPI JPMorgan Equity Premium Income ETF	0.20%	8.09%	12.57%	9.83%	8.26%

Returns By Period

In the year-to-date period, JIRE achieves a 1.15% return, which is significantly higher than JEPI's 0.20% return.

JIRE

• 1D: 3.19%
• 1M: -8.21%
• YTD: 1.15%
• 6M: 6.09%
• 1Y: 22.44%
• 3Y*: 14.48%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 1.85%
• 1M: -4.79%
• YTD: 0.20%
• 6M: 3.11%
• 1Y: 7.84%
• 3Y*: 9.57%
• 5Y*: 8.26%
• 10Y*: —

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

JIRE vs. JEPI - Expense Ratio Comparison

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

JEPI

JPMorgan Equity Premium Income ETF

JIRE

JPMorgan International Research Enhanced Equity ETF

Return for Risk

JIRE vs. JEPI — Risk / Return Rank

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

JIRE

JIRE Risk / Return Rank: 71
JIRE Sharpe Ratio Rank: 73
JIRE Sortino Ratio Rank: 73
JIRE Omega Ratio Rank: 70
JIRE Calmar Ratio Rank: 72
JIRE Martin Ratio Rank: 70

JEPI

JEPI Risk / Return Rank: 39
JEPI Sharpe Ratio Rank: 35
JEPI Sortino Ratio Rank: 34
JEPI Omega Ratio Rank: 42
JEPI Calmar Ratio Rank: 37
JEPI Martin Ratio Rank: 47

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.

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.

	JIRE	JEPI	Difference
Sharpe ratio Return per unit of total volatility	1.27	0.60	+0.67
Sortino ratio Return per unit of downside risk	1.79	0.93	+0.86
Omega ratio Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio Return relative to maximum drawdown	1.80	0.85	+0.95
Martin ratio Return relative to average drawdown	6.92	4.15	+2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIRE vs. JEPI - Sharpe Ratio Comparison

The current JIRE Sharpe Ratio is 1.27, which is higher than the JEPI Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of JIRE and JEPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JIRE	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	0.60	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.03	-0.05

Correlation

The correlation between JIRE and JEPI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JIRE vs. JEPI - Dividend Comparison

JIRE's dividend yield for the trailing twelve months is around 2.96%, less than JEPI's 8.40% yield.

	TTM	2025	2024	2023	2022	2021	2020
JIRE JPMorgan International Research Enhanced Equity ETF	2.96%	2.99%	3.03%	2.74%	2.62%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.40%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

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%	-10.28%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-8.47%	-4.79%	-3.68%
Average Drawdown Average peak-to-trough decline	-3.01%	-2.07%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.10%	+0.96%

Volatility

JIRE vs. JEPI - Volatility Comparison

JPMorgan International Research Enhanced Equity ETF (JIRE) has a higher volatility of 7.96% compared to JPMorgan Equity Premium Income ETF (JEPI) at 3.95%. 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	7.96%	3.95%	+4.01%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	6.36%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	13.26%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	11.06%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	10.89%	+5.25%