PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
LRGF vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LRGF vs. JEPI

Last updated Jul 26, 2026
Documentation

LRGF (iShares MSCI USA Multifactor ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while JEPI is a Dividend fund actively managed by JPMorgan. LRGF is passively managed, while JEPI is actively managed. Over the past 5 years, LRGF returned 13.20%/yr vs 7.17%/yr for JEPI. Their 0.78 correlation means they have sometimes moved together and sometimes differently. LRGF charges 0.20%/yr vs 0.35%/yr for JEPI.

Performance

LRGF vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, LRGF achieves a 8.94% return, which is significantly higher than JEPI's 3.37% return.

LRGF

1D
0.09%
1M
1.20%
6M
8.82%
YTD
8.94%
1Y
15.34%
3Y*
19.41%
5Y*
13.20%
10Y*
13.48%
ALL TIME*
12.23%

JEPI

1D
0.67%
1M
2.00%
6M
1.35%
YTD
3.37%
1Y
7.34%
3Y*
8.83%
5Y*
7.17%
10Y*
—
ALL TIME*
11.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JEPI

JPMorgan Equity Premium Income ETF
$256.82M$259.30M$303.30M

LRGF

iShares MSCI USA Multifactor ETF
$11.35M$13.93M$11.55M

LRGF vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
LRGF
iShares MSCI USA Multifactor ETF		8.94%16.48%26.59%25.85%-14.77%25.01%26.09%
JEPI
JPMorgan Equity Premium Income ETF		3.37%8.09%12.57%9.83%-3.49%21.52%18.39%

Correlation

The correlation between LRGF and JEPI is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.58

Correlation (3Y)
Balances recent behavior with more history.

0.73

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.78

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.78

The correlation between LRGF and JEPI shifts across timeframes, from 0.58 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

LRGF vs. JEPI - Sectors Allocation Comparison

Sectors
LRGF
JEPI

Technology

37.3%
15.3%

Financial Services

11.7%
9.1%

Consumer Cyclical

10.5%
10.0%

Communication Services

10.0%
6.2%

Healthcare

9.4%
12.8%

Industrials

8.3%
10.7%

Consumer Defensive

4.9%
7.8%

Energy

3.1%
2.5%

Utilities

2.0%
4.8%

Basic Materials

1.8%
1.6%

Real Estate

1.1%
2.6%

Technology

LRGF
37.3%
JEPI
15.3%

Financial Services

LRGF
11.7%
JEPI
9.1%

Consumer Cyclical

LRGF
10.5%
JEPI
10.0%

Communication Services

LRGF
10.0%
JEPI
6.2%

Healthcare

LRGF
9.4%
JEPI
12.8%

Industrials

LRGF
8.3%
JEPI
10.7%

Consumer Defensive

LRGF
4.9%
JEPI
7.8%

Energy

LRGF
3.1%
JEPI
2.5%

Utilities

LRGF
2.0%
JEPI
4.8%

Basic Materials

LRGF
1.8%
JEPI
1.6%

Real Estate

LRGF
1.1%
JEPI
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Multifactor ETF

JPMorgan Equity Premium Income ETF

Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. VVLRGF vs. JQUA
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. DIVO

Return for Risk

LRGF vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LRGF
LRGF Risk / Return Rank: 5252
Overall Rank
LRGF Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 5151
Sortino Ratio Rank
LRGF Omega Ratio Rank: 5050
Omega Ratio Rank
LRGF Calmar Ratio Rank: 5151
Calmar Ratio Rank
LRGF Martin Ratio Rank: 5959
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 3636
Overall Rank
JEPI Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 3838
Sortino Ratio Rank
JEPI Omega Ratio Rank: 3737
Omega Ratio Rank
JEPI Calmar Ratio Rank: 3434
Calmar Ratio Rank
JEPI Martin Ratio Rank: 3434
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LRGF vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

LRGFJEPIDifference
Sharpe ratioReturn per unit of total volatility
1.25
0.95

+0.30

Sortino ratioReturn per unit of downside risk
1.77
1.42

+0.35

Omega ratioGain probability vs. loss probability

1.22

1.18

+0.05

Calmar ratioReturn relative to maximum drawdown

1.78

1.15

+0.63

Martin ratioReturn relative to average drawdown

6.95

3.22

+3.73

LRGF vs. JEPI - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.25, which is higher than the JEPI Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of LRGF and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

LRGF vs. JEPI - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for LRGF and JEPI.

Loading charts...

Drawdown Indicators

LRGFJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-13.71%

-22.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-6.68%

-2.24%

Max Drawdown (3Y)

Largest decline over 3 years

-19.44%

-13.26%

-6.18%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

-13.71%

-7.91%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

—

—

Current Drawdown

Current decline from peak

-2.11%

-1.77%

-0.34%

Average Drawdown

Average peak-to-trough decline

-4.51%

-2.13%

-2.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.37%

-0.09%

Volatility

LRGF vs. JEPI - Volatility Comparison

iShares MSCI USA Multifactor ETF (LRGF) has a higher volatility of 2.90% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.95%. This indicates that LRGF'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.

Loading charts...

Volatility by Period

LRGFJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

1.95%

+0.95%

Volatility (6M)

Calculated over the trailing 6-month period

9.83%

6.22%

+3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

12.69%

8.06%

+4.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.07%

11.09%

+5.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.28%

10.74%

+7.54%

LRGF vs. JEPI - Expense Ratio Comparison

LRGF has a 0.20% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

LRGF vs. JEPI - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.09%, less than JEPI's 8.05% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		8.05%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
LRGF
iShares MSCI USA Multifactor ETF		1.09%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%

Frequently Asked Questions

LRGF and JEPI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LRGF has higher volatility (2.90%) compared to JEPI (1.95%). In terms of maximum drawdown, LRGF dropped -36.03% vs JEPI's -13.71%.

On 5-year performance, LRGF leads with 13.20% vs 7.17% for JEPI. On fees, LRGF is cheaper at 0.20% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, LRGF has performed better with a 13.20% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LRGF is cheaper with a 0.20% expense ratio, compared with 0.35% for JEPI.

JEPI has the higher dividend yield at 8.05%, compared with 1.09% for LRGF.

LRGF is categorized as Large Cap Blend Equities, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for LRGF and 0.35% for JEPI.

LRGF currently has the higher Sharpe Ratio (1.25 vs 0.95), 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.

Portfolio Optimizer

Find the right allocation for LRGF and JEPI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer