KBWY vs. JEPI
Compare and contrast key facts about Invesco KBW Premium Yield Equity REIT ETF (KBWY) and JPMorgan Equity Premium Income ETF (JEPI).
KBWY and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010. 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: KBWY or JEPI.
Key characteristics
| KBWY | JEPI | |
|---|---|---|
| YTD Return | 7.45% | 15.91% |
| 1Y Return | 30.07% | 21.29% |
| 3Y Return (Ann) | 1.27% | 8.56% |
| Sharpe Ratio | 1.25 | 2.91 |
| Sortino Ratio | 1.88 | 4.06 |
| Omega Ratio | 1.24 | 1.59 |
| Calmar Ratio | 0.86 | 5.33 |
| Martin Ratio | 3.15 | 20.85 |
| Ulcer Index | 8.63% | 0.99% |
| Daily Std Dev | 21.78% | 7.08% |
| Max Drawdown | -57.68% | -13.71% |
| Current Drawdown | -10.40% | 0.00% |
Correlation
The correlation between KBWY and JEPI is 0.57, 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
KBWY vs. JEPI - Performance Comparison
In the year-to-date period, KBWY achieves a 7.45% return, which is significantly lower than JEPI's 15.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KBWY vs. JEPI - Expense Ratio Comparison
Both KBWY and JEPI have an expense ratio of 0.35%.
Risk-Adjusted Performance
KBWY vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Premium Yield Equity REIT ETF (KBWY) 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
KBWY vs. JEPI - Dividend Comparison
KBWY's dividend yield for the trailing twelve months is around 7.77%, more than JEPI's 7.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWY Invesco KBW Premium Yield Equity REIT ETF | 7.77% | 7.90% | 7.41% | 5.06% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
JEPI JPMorgan Equity Premium Income ETF | 7.06% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBWY vs. JEPI - Drawdown Comparison
The maximum KBWY drawdown since its inception was -57.68%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for KBWY and JEPI. For additional features, visit the drawdowns tool.
Volatility
KBWY vs. JEPI - Volatility Comparison
Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a higher volatility of 4.53% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.04%. This indicates that KBWY's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.