LBAY vs. JEPI
Compare and contrast key facts about Leatherback Long/Short Alternative Yield ETF (LBAY) and JPMorgan Equity Premium Income ETF (JEPI).
LBAY and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LBAY is an actively managed fund by Toroso Investments. It was launched on Nov 16, 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: LBAY or JEPI.
Key characteristics
| LBAY | JEPI | |
|---|---|---|
| YTD Return | 5.22% | 15.91% |
| 1Y Return | 10.92% | 21.29% |
| 3Y Return (Ann) | 7.13% | 8.56% |
| Sharpe Ratio | 1.07 | 2.91 |
| Sortino Ratio | 1.55 | 4.06 |
| Omega Ratio | 1.19 | 1.59 |
| Calmar Ratio | 0.70 | 5.33 |
| Martin Ratio | 4.46 | 20.85 |
| Ulcer Index | 2.39% | 0.99% |
| Daily Std Dev | 9.94% | 7.08% |
| Max Drawdown | -15.99% | -13.71% |
| Current Drawdown | -5.94% | 0.00% |
Correlation
The correlation between LBAY and JEPI is 0.60, 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
LBAY vs. JEPI - Performance Comparison
In the year-to-date period, LBAY achieves a 5.22% 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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LBAY vs. JEPI - Expense Ratio Comparison
LBAY has a 1.09% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
LBAY vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Leatherback Long/Short Alternative Yield ETF (LBAY) 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
LBAY vs. JEPI - Dividend Comparison
LBAY's dividend yield for the trailing twelve months is around 3.44%, less than JEPI's 7.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
LBAY Leatherback Long/Short Alternative Yield ETF | 3.44% | 3.47% | 2.74% | 2.96% | 0.29% |
JEPI JPMorgan Equity Premium Income ETF | 7.06% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
LBAY vs. JEPI - Drawdown Comparison
The maximum LBAY drawdown since its inception was -15.99%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for LBAY and JEPI. For additional features, visit the drawdowns tool.
Volatility
LBAY vs. JEPI - Volatility Comparison
Leatherback Long/Short Alternative Yield ETF (LBAY) has a higher volatility of 3.37% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.04%. This indicates that LBAY'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.