JMMF vs. JEPI
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. JMMF charges 0.16%/yr vs 0.35%/yr for JEPI.
Performance
JMMF vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, JMMF achieves a 1.63% return, which is significantly higher than JEPI's 0.91% return.
JMMF
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.63%
- 6M
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPI
- 1D
- -0.43%
- 1M
- -0.19%
- YTD
- 0.91%
- 6M
- 0.64%
- 1Y
- 7.76%
- 3Y*
- 8.98%
- 5Y*
- 7.31%
- 10Y*
- —
JMMF vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.63% | 0.17% |
JEPI JPMorgan Equity Premium Income ETF | 0.91% | 0.44% |
Correlation
The correlation between JMMF and JEPI is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.00 |
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Return for Risk
JMMF vs. JEPI — Risk / Return Rank
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JEPI
JMMF vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) 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.
| JMMF | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.17 | — |
| Martin ratioReturn relative to average drawdown | — | 3.44 | — |
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Drawdowns
JMMF vs. JEPI - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JMMF and JEPI.
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Drawdown Indicators
| JMMF | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -13.71% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.71% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.11% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -2.13% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.26% | — |
Volatility
JMMF vs. JEPI - Volatility Comparison
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Volatility by Period
| JMMF | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 8.03% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | 11.08% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.51% | 10.78% | -10.27% |
JMMF vs. JEPI - Expense Ratio Comparison
JMMF has a 0.16% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
JMMF vs. JEPI - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 1.80%, less than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.80% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMMF and JEPI have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.21%, compared with 1.80% for JMMF.
JMMF is categorized as Money Market, while JEPI is Dividend. Their fees differ too: 0.16% for JMMF and 0.35% for JEPI.
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