METE.TO vs. JEPI.TO
METE.TO (Harvest Meta Enhanced High Income Shares ETF - Class A Units) and JEPI.TO (JPMorgan US Equity Premium Income Active ETF) are both Derivative Income funds. Both are actively managed. Over the past year, METE.TO returned -5.95% vs 9.33% for JEPI.TO. At a 0.33 correlation, their price movements are largely independent. METE.TO charges 0.40%/yr vs 0.35%/yr for JEPI.TO.
Performance
METE.TO vs. JEPI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, METE.TO achieves a -4.55% return, which is significantly lower than JEPI.TO's 1.48% return.
METE.TO
- 1D
- 5.47%
- 1M
- 4.67%
- YTD
- -4.55%
- 6M
- -2.86%
- 1Y
- -5.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPI.TO
- 1D
- 0.57%
- 1M
- 0.42%
- YTD
- 1.48%
- 6M
- 0.23%
- 1Y
- 9.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METE.TO vs. JEPI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units | -4.55% | -0.67% |
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 1.48% | 1.54% |
Correlation
The correlation between METE.TO and JEPI.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.33 |
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Return for Risk
METE.TO vs. JEPI.TO — Risk / Return Rank
METE.TO
JEPI.TO
METE.TO vs. JEPI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) and JPMorgan US Equity Premium Income Active ETF (JEPI.TO). 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.
| METE.TO | JEPI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | 0.94 | -1.11 |
Sortino ratioReturn per unit of downside risk | 0.02 | 1.38 | -1.36 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.76 | -1.93 |
Martin ratioReturn relative to average drawdown | -0.36 | 4.49 | -4.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| METE.TO | JEPI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.94 | -1.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.56 | -0.65 |
Drawdowns
METE.TO vs. JEPI.TO - Drawdown Comparison
The maximum METE.TO drawdown since its inception was -40.10%, which is greater than JEPI.TO's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for METE.TO and JEPI.TO.
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Drawdown Indicators
| METE.TO | JEPI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.10% | -14.36% | -25.74% |
Max Drawdown (1Y)Largest decline over 1 year | -35.48% | -5.32% | -30.16% |
Current DrawdownCurrent decline from peak | -22.07% | -3.06% | -19.01% |
Average DrawdownAverage peak-to-trough decline | -15.68% | -3.38% | -12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.51% | 2.08% | +14.43% |
Volatility
METE.TO vs. JEPI.TO - Volatility Comparison
Harvest Meta Enhanced High Income Shares ETF - Class A Units (METE.TO) has a higher volatility of 9.99% compared to JPMorgan US Equity Premium Income Active ETF (JEPI.TO) at 2.14%. This indicates that METE.TO's price experiences larger fluctuations and is considered to be riskier than JEPI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METE.TO | JEPI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 2.14% | +7.85% |
Volatility (6M)Calculated over the trailing 6-month period | 28.26% | 7.68% | +20.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.57% | 9.92% | +26.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.08% | 12.92% | +29.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.08% | 12.92% | +29.16% |
METE.TO vs. JEPI.TO - Expense Ratio Comparison
METE.TO has a 0.40% expense ratio, which is higher than JEPI.TO's 0.35% expense ratio.
Dividends
METE.TO vs. JEPI.TO - Dividend Comparison
METE.TO's dividend yield for the trailing twelve months is around 25.77%, more than JEPI.TO's 7.90% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPI.TO JPMorgan US Equity Premium Income Active ETF | 7.90% | 7.56% | 3.91% |
METE.TO Harvest Meta Enhanced High Income Shares ETF - Class A Units | 25.77% | 21.31% | 0.00% |
Frequently Asked Questions
METE.TO and JEPI.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for METE.TO.
They also come from different issuers: Harvest Portfolios Group and JPMorgan. Their fees differ too: 0.40% for METE.TO and 0.35% for JEPI.TO.
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