KMLM vs. JEPI
Compare and contrast key facts about KFA Mount Lucas Index Strategy ETF (KMLM) and JPMorgan Equity Premium Income ETF (JEPI).
KMLM and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020. 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: KMLM or JEPI.
Key characteristics
| KMLM | JEPI | |
|---|---|---|
| YTD Return | 4.84% | 3.60% |
| 1Y Return | -3.22% | 10.43% |
| 3Y Return (Ann) | 6.52% | 7.05% |
| Sharpe Ratio | -0.22 | 1.34 |
| Daily Std Dev | 11.73% | 7.25% |
| Max Drawdown | -24.15% | -13.71% |
| Current Drawdown | -18.47% | -2.60% |
Correlation
The correlation between KMLM and JEPI is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
KMLM vs. JEPI - Performance Comparison
In the year-to-date period, KMLM achieves a 4.84% return, which is significantly higher than JEPI's 3.60% 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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KMLM vs. JEPI - Expense Ratio Comparison
KMLM has a 0.90% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
KMLM vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KFA Mount Lucas Index Strategy ETF (KMLM) 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
KMLM vs. JEPI - Dividend Comparison
KMLM has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 7.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.48% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
KMLM vs. JEPI - Drawdown Comparison
The maximum KMLM drawdown since its inception was -24.15%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for KMLM and JEPI. For additional features, visit the drawdowns tool.
Volatility
KMLM vs. JEPI - Volatility Comparison
KFA Mount Lucas Index Strategy ETF (KMLM) has a higher volatility of 3.83% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.64%. This indicates that KMLM'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.