JMTG vs. JEPI

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Mortgage-Backed Securities ETF (JMTG) and JPMorgan Equity Premium Income ETF (JEPI).

JMTG and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMTG is an actively managed fund by JPMorgan. It was launched on Aug 18, 2000. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.

Performance

JMTG vs. JEPI - Performance Comparison

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

JMTG vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	0.60%	3.90%
JEPI JPMorgan Equity Premium Income ETF	0.46%	5.44%

Returns By Period

In the year-to-date period, JMTG achieves a 0.60% return, which is significantly higher than JEPI's 0.46% return.

JMTG

• 1D: 0.01%
• 1M: -1.21%
• YTD: 0.60%
• 6M: 1.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.27%
• 1M: -4.29%
• YTD: 0.46%
• 6M: 3.19%
• 1Y: 8.06%
• 3Y*: 9.67%
• 5Y*: 8.32%
• 10Y*: —

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

JMTG vs. JEPI - Expense Ratio Comparison

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

JEPI

JPMorgan Equity Premium Income ETF

JMTG

JPMorgan Mortgage-Backed Securities ETF

Return for Risk

JMTG vs. JEPI — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 34
JEPI Sharpe Ratio Rank: 31
JEPI Sortino Ratio Rank: 31
JEPI Omega Ratio Rank: 37
JEPI Calmar Ratio Rank: 31
JEPI Martin Ratio Rank: 40

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.

JMTG vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JMTG	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.65	1.04	+0.61

Correlation

The correlation between JMTG and JEPI is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JMTG vs. JEPI - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 3.16%, less than JEPI's 8.46% yield.

	TTM	2025	2024	2023	2022	2021	2020
JMTG JPMorgan Mortgage-Backed Securities ETF	3.16%	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.46%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Drawdowns

JMTG vs. JEPI - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.64%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JMTG and JEPI.

Drawdown Indicators

	JMTG	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-2.64%	-13.71%	+11.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-1.65%	-4.53%	+2.88%
Average Drawdown Average peak-to-trough decline	-0.46%	-2.07%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.12%	—

Volatility

Volatility by Period

	JMTG	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	13.24%	-9.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	11.06%	-7.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	10.88%	-7.21%