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JOYT vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JOYT vs. JEPI

Last updated Aug 2, 2026
Documentation

JOYT (JPMorgan Equity And Options Total Return ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JOYT is a Derivative Income fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

JOYT vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JOYT achieves a 7.40% return, which is significantly higher than JEPI's 4.52% return.

JOYT

1D
0.70%
1M
2.31%
6M
4.88%
YTD
7.40%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JEPI

JPMorgan Equity Premium Income ETF
$260.98M$260.42M$297.70M

JOYT

JPMorgan Equity And Options Total Return ETF
$418.69K$298.63K$440.20K

JOYT vs. JEPI - Yearly Performance Comparison

2026 (YTD)2025
JOYT
JPMorgan Equity And Options Total Return ETF		7.40%9.15%
JEPI
JPMorgan Equity Premium Income ETF		4.52%4.24%

Correlation

The correlation between JOYT and JEPI is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (All Time)
Calculated using the full available price history since Aug 19, 2025

0.60

JOYT vs. JEPI - Sectors Allocation Comparison

Sectors
JOYT
JEPI

Technology

38.4%
15.4%

Financial Services

11.9%
8.9%

Communication Services

9.7%
6.1%

Consumer Cyclical

9.2%
9.8%

Healthcare

9.2%
12.9%

Industrials

8.7%
11.2%

Consumer Defensive

4.4%
7.7%

Energy

3.2%
2.6%

Utilities

2.6%
4.9%

Real Estate

1.6%
2.6%

Basic Materials

1.1%
1.6%

Technology

JOYT
38.4%
JEPI
15.4%

Financial Services

JOYT
11.9%
JEPI
8.9%

Communication Services

JOYT
9.7%
JEPI
6.1%

Consumer Cyclical

JOYT
9.2%
JEPI
9.8%

Healthcare

JOYT
9.2%
JEPI
12.9%

Industrials

JOYT
8.7%
JEPI
11.2%

Consumer Defensive

JOYT
4.4%
JEPI
7.7%

Energy

JOYT
3.2%
JEPI
2.6%

Utilities

JOYT
2.6%
JEPI
4.9%

Real Estate

JOYT
1.6%
JEPI
2.6%

Basic Materials

JOYT
1.1%
JEPI
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Equity And Options Total Return ETF

JPMorgan Equity Premium Income ETF

Often compared with JOYT:
JOYT vs. ZHDGJOYT vs. JEPQJOYT vs. QRMIJOYT vs. GPIQJOYT vs. CRSHJOYT vs. VTIJOYT vs. JPIE
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. DIVO

Return for Risk

JOYT vs. JEPI — Risk / Return Rank

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

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

JEPI
JEPI Risk / Return Rank: 4848
Overall Rank
JEPI Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 5353
Sortino Ratio Rank
JEPI Omega Ratio Rank: 5252
Omega Ratio Rank
JEPI Calmar Ratio Rank: 4343
Calmar Ratio Rank
JEPI Martin Ratio Rank: 4141
Martin Ratio Rank
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.

JOYT vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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.

JOYTJEPIDifference
Sharpe ratioReturn per unit of total volatility

—

1.25

—

Sortino ratioReturn per unit of downside risk

—

1.85

—

Omega ratioGain probability vs. loss probability

—

1.23

—

Calmar ratioReturn relative to maximum drawdown

—

1.52

—

Martin ratioReturn relative to average drawdown

—

4.32

—

JOYT vs. JEPI - Sharpe Ratio Comparison

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Drawdowns

JOYT vs. JEPI - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JOYT and JEPI.

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Drawdown Indicators

JOYTJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-6.99%

-13.71%

+6.72%

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 Drawdown

Current decline from peak

0.00%

-0.68%

+0.68%

Average Drawdown

Average peak-to-trough decline

-0.86%

-2.13%

+1.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.36%

—

Volatility

JOYT vs. JEPI - Volatility Comparison

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Volatility by Period

JOYTJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

2.38%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

6.37%

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.69%

8.15%

+1.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.69%

11.10%

-1.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.69%

10.73%

-1.04%

JOYT vs. JEPI - Expense Ratio Comparison

Both JOYT and JEPI have an expense ratio of 0.35%.

Dividends

JOYT vs. JEPI - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.61%, less than JEPI's 7.96% yield.

PositionTTM202520242023202220212020
JEPI
JPMorgan Equity Premium Income ETF		7.34%8.25%7.33%8.40%11.68%6.59%5.79%
JOYT
JPMorgan Equity And Options Total Return ETF		0.61%0.28%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

JOYT and JEPI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

JOYT and JEPI have the same expense ratio: 0.35% per year.

JEPI has the higher dividend yield at 7.34%, compared with 0.61% for JOYT.

JOYT is categorized as Derivative Income, while JEPI is Dividend.

Portfolio Optimizer

Find the right allocation for JOYT and JEPI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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