JPMB vs. JEPI
JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JEPI is a Dividend fund actively managed by JPMorgan. JPMB is passively managed, while JEPI is actively managed. Over the past 5 years, JPMB returned 1.42%/yr vs 7.31%/yr for JEPI. At a 0.45 correlation, their price movements are largely independent. JPMB charges 0.39%/yr vs 0.35%/yr for JEPI.
Performance
JPMB vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, JPMB achieves a 1.95% return, which is significantly higher than JEPI's 0.91% return.
JPMB
- 1D
- -0.11%
- 1M
- 1.76%
- YTD
- 1.95%
- 6M
- 1.93%
- 1Y
- 10.60%
- 3Y*
- 7.78%
- 5Y*
- 1.42%
- 10Y*
- —
JEPI
- 1D
- -0.43%
- 1M
- -0.19%
- YTD
- 0.91%
- 6M
- 0.64%
- 1Y
- 7.76%
- 3Y*
- 8.98%
- 5Y*
- 7.31%
- 10Y*
- —
JPMB vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.95% | 13.73% | 1.46% | 9.48% | -16.05% | -2.26% | 14.20% |
JEPI JPMorgan Equity Premium Income ETF | 0.91% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between JPMB and JEPI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.45 |
The correlation between JPMB and JEPI has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
JPMB vs. JEPI — Risk / Return Rank
JPMB
JEPI
JPMB vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) 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.
| JPMB | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.17 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.81 | 3.44 | +6.36 |
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Drawdowns
JPMB vs. JEPI - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JPMB and JEPI.
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Drawdown Indicators
| JPMB | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -13.71% | -12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -6.68% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -13.26% | +5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -13.71% | -12.45% |
Current DrawdownCurrent decline from peak | -0.53% | -4.11% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -2.13% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.26% | -1.18% |
Volatility
JPMB vs. JEPI - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 1.79%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.38%. This indicates that JPMB 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.
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Volatility by Period
| JPMB | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.38% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 6.29% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 8.03% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 11.08% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 10.78% | -1.15% |
JPMB vs. JEPI - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
JPMB vs. JEPI - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 5.78%, less than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.78% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
Frequently Asked Questions
JPMB and JEPI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (2.38%) compared to JPMB (1.79%). In terms of maximum drawdown, JPMB dropped -26.33% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.31% vs 1.42% for JPMB. On fees, JEPI is cheaper at 0.35% per year. On volatility, JPMB has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.31% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPI is cheaper with a 0.35% expense ratio, compared with 0.39% for JPMB.
JEPI has the higher dividend yield at 8.21%, compared with 5.78% for JPMB.
JPMB is categorized as Emerging Markets Bonds, while JEPI is Dividend. Their fees differ too: 0.39% for JPMB and 0.35% for JEPI.
JPMB currently has the higher Sharpe Ratio (1.96 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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