JNK vs. JEPI
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and JPMorgan Equity Premium Income ETF (JEPI).
JNK and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JNK or JEPI.
Key characteristics
| JNK | JEPI | |
|---|---|---|
| YTD Return | 7.55% | 14.44% |
| 1Y Return | 12.80% | 17.88% |
| 3Y Return (Ann) | 2.30% | 7.80% |
| Sharpe Ratio | 2.78 | 2.53 |
| Sortino Ratio | 4.26 | 3.52 |
| Omega Ratio | 1.54 | 1.50 |
| Calmar Ratio | 2.12 | 4.62 |
| Martin Ratio | 21.06 | 17.99 |
| Ulcer Index | 0.62% | 0.99% |
| Daily Std Dev | 4.66% | 7.05% |
| Max Drawdown | -38.48% | -13.71% |
| Current Drawdown | -0.73% | -1.35% |
Correlation
The correlation between JNK and JEPI is 0.60, 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.
Performance
JNK vs. JEPI - Performance Comparison
In the year-to-date period, JNK achieves a 7.55% return, which is significantly lower than JEPI's 14.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JNK vs. JEPI - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
JNK vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) 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.
Dividends
JNK vs. JEPI - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.57%, less than JEPI's 7.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNK SPDR Barclays High Yield Bond ETF | 6.57% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
JEPI JPMorgan Equity Premium Income ETF | 7.15% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JNK vs. JEPI - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JNK and JEPI. For additional features, visit the drawdowns tool.
Volatility
JNK vs. JEPI - Volatility Comparison
The current volatility for SPDR Barclays High Yield Bond ETF (JNK) is 1.20%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.17%. This indicates that JNK experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.