KNG vs. JEPI
Compare and contrast key facts about FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and JPMorgan Equity Premium Income ETF (JEPI).
KNG and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KNG is a passively managed fund by First Trust that tracks the performance of the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. It was launched on Mar 26, 2018. 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: KNG or JEPI.
Performance
KNG vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, KNG achieves a 11.09% return, which is significantly lower than JEPI's 15.68% return.
KNG
11.09%
-0.69%
7.84%
16.70%
8.82%
N/A
JEPI
15.68%
1.17%
9.24%
18.27%
N/A
N/A
Key characteristics
| KNG | JEPI | |
|---|---|---|
| Sharpe Ratio | 1.87 | 2.63 |
| Sortino Ratio | 2.64 | 3.65 |
| Omega Ratio | 1.33 | 1.52 |
| Calmar Ratio | 2.83 | 4.81 |
| Martin Ratio | 8.57 | 18.61 |
| Ulcer Index | 1.96% | 1.00% |
| Daily Std Dev | 8.99% | 7.08% |
| Max Drawdown | -35.12% | -13.71% |
| Current Drawdown | -2.22% | -0.28% |
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KNG vs. JEPI - Expense Ratio Comparison
KNG has a 0.75% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Correlation
The correlation between KNG and JEPI is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
KNG vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) 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
KNG vs. JEPI - Dividend Comparison
KNG's dividend yield for the trailing twelve months is around 7.83%, more than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 7.83% | 5.91% | 4.01% | 3.45% | 3.62% | 4.09% | 3.46% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% |
Drawdowns
KNG vs. JEPI - Drawdown Comparison
The maximum KNG drawdown since its inception was -35.12%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for KNG and JEPI. For additional features, visit the drawdowns tool.
Volatility
KNG vs. JEPI - Volatility Comparison
FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a higher volatility of 2.56% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.25%. This indicates that KNG'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.