MAXI vs. JEPI
Compare and contrast key facts about Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and JPMorgan Equity Premium Income ETF (JEPI).
MAXI and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAXI is an actively managed fund by Simplify. It was launched on Sep 29, 2022. 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: MAXI or JEPI.
Key characteristics
| MAXI | JEPI | |
|---|---|---|
| YTD Return | 86.50% | 16.00% |
| 1Y Return | 107.37% | 20.33% |
| Sharpe Ratio | 1.86 | 3.04 |
| Sortino Ratio | 2.48 | 4.23 |
| Omega Ratio | 1.28 | 1.62 |
| Calmar Ratio | 3.20 | 5.53 |
| Martin Ratio | 7.42 | 21.64 |
| Ulcer Index | 14.90% | 0.99% |
| Daily Std Dev | 59.53% | 7.01% |
| Max Drawdown | -34.54% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MAXI and JEPI is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MAXI vs. JEPI - Performance Comparison
In the year-to-date period, MAXI achieves a 86.50% return, which is significantly higher than JEPI's 16.00% 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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MAXI vs. JEPI - Expense Ratio Comparison
MAXI has a 11.18% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
MAXI vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Bitcoin Strategy PLUS Income ETF (MAXI) 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
MAXI vs. JEPI - Dividend Comparison
MAXI's dividend yield for the trailing twelve months is around 31.67%, more than JEPI's 7.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 31.67% | 29.63% | 4.05% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.05% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
MAXI vs. JEPI - Drawdown Comparison
The maximum MAXI drawdown since its inception was -34.54%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for MAXI and JEPI. For additional features, visit the drawdowns tool.
Volatility
MAXI vs. JEPI - Volatility Comparison
Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a higher volatility of 17.66% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.99%. This indicates that MAXI'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.