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MLPA vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MLPA vs. JEPI

Last updated Aug 2, 2026
Documentation

MLPA (Global X MLP ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - MLPA is a MLPs fund tracking the Solactive MLP Infrastructure Index, while JEPI is a Dividend fund actively managed by JPMorgan. MLPA is passively managed, while JEPI is actively managed. Over the past 5 years, MLPA returned 18.11%/yr vs 7.40%/yr for JEPI. Their 0.36 correlation means their historical movements had little consistent relationship. MLPA charges 0.77%/yr vs 0.35%/yr for JEPI.

Performance

MLPA vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP ETF (MLPA) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MLPA achieves a 21.83% return, which is significantly higher than JEPI's 4.52% return.

MLPA

1D
0.87%
1M
6.27%
6M
14.54%
YTD
21.83%
1Y
20.93%
3Y*
16.99%
5Y*
18.11%
10Y*
6.71%
ALL TIME*
4.63%

JEPI

1D
0.33%
1M
1.27%
6M
2.16%
YTD
4.52%
1Y
11.16%
3Y*
9.21%
5Y*
7.40%
10Y*
—
ALL TIME*
11.29%
*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
$260.98M$260.42M$297.70M

MLPA

Global X MLP ETF
$8.12M$8.66M$10.73M

MLPA vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
MLPA
Global X MLP ETF		21.83%5.73%20.35%15.93%27.03%39.64%2.35%
JEPI
JPMorgan Equity Premium Income ETF		4.52%8.09%12.57%9.83%-3.49%21.52%18.39%

Correlation

The correlation between MLPA and JEPI is 0.16, which is low. Their historical price movements had little consistent relationship.

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

0.16

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

0.31

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

0.38

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

0.36

The correlation between MLPA and JEPI shifts across timeframes, from 0.16 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

MLPA vs. JEPI - Sectors Allocation Comparison

Sectors
MLPA
JEPI

Energy

97.2%
2.6%

Industrials

3.8%
11.2%

Utilities

2.8%
4.9%

Basic Materials

-

1.6%

Communication Services

-

6.1%

Consumer Cyclical

-

9.8%

Consumer Defensive

-

7.7%

Financial Services

-

8.9%

Healthcare

-

12.9%

Real Estate

-

2.6%

Technology

-

15.4%

Energy

MLPA
97.2%
JEPI
2.6%

Industrials

MLPA
3.8%
JEPI
11.2%

Utilities

MLPA
2.8%
JEPI
4.9%

Basic Materials

MLPA

-

JEPI
1.6%

Communication Services

MLPA

-

JEPI
6.1%

Consumer Cyclical

MLPA

-

JEPI
9.8%

Consumer Defensive

MLPA

-

JEPI
7.7%

Financial Services

MLPA

-

JEPI
8.9%

Healthcare

MLPA

-

JEPI
12.9%

Real Estate

MLPA

-

JEPI
2.6%

Technology

MLPA

-

JEPI
15.4%

Compare stocks, funds, or ETFs

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

Global X MLP ETF

JPMorgan Equity Premium Income ETF

Often compared with MLPA:
MLPA vs. AMLPMLPA vs. XLEMLPA vs. SCHDMLPA vs. EMLPMLPA vs. UMIMLPA vs. MLPD.LMLPA vs. EMO
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. DIVO

Return for Risk

MLPA vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MLPA
MLPA Risk / Return Rank: 6464
Overall Rank
MLPA Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
MLPA Sortino Ratio Rank: 6666
Sortino Ratio Rank
MLPA Omega Ratio Rank: 6161
Omega Ratio Rank
MLPA Calmar Ratio Rank: 7171
Calmar Ratio Rank
MLPA Martin Ratio Rank: 5656
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 4848
Overall Rank
JEPI Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 5353
Sortino Ratio Rank
JEPI Omega Ratio Rank: 5252
Omega Ratio Rank
JEPI Calmar Ratio Rank: 4343
Calmar Ratio Rank
JEPI Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MLPA vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) 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.

MLPAJEPIDifference
Sharpe ratioReturn per unit of total volatility
1.53
1.25

+0.27

Sortino ratioReturn per unit of downside risk
2.17
1.85

+0.32

Omega ratioGain probability vs. loss probability

1.26

1.23

+0.03

Calmar ratioReturn relative to maximum drawdown

2.46

1.52

+0.93

Martin ratioReturn relative to average drawdown

6.61

4.32

+2.29

MLPA vs. JEPI - Sharpe Ratio Comparison

The current MLPA Sharpe Ratio is 1.53, which is comparable to the JEPI Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of MLPA 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.

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Drawdowns

MLPA vs. JEPI - Drawdown Comparison

The maximum MLPA drawdown since its inception was -78.75%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for MLPA and JEPI.

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Drawdown Indicators

MLPAJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-78.75%

-13.71%

-65.04%

Max Drawdown (1Y)

Largest decline over 1 year

-7.73%

-6.68%

-1.05%

Max Drawdown (3Y)

Largest decline over 3 years

-14.20%

-13.26%

-0.94%

Max Drawdown (5Y)

Largest decline over 5 years

-18.75%

-13.71%

-5.04%

Max Drawdown (10Y)

Largest decline over 10 years

-74.05%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.68%

+0.68%

Average Drawdown

Average peak-to-trough decline

-20.08%

-2.13%

-17.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

2.36%

+0.82%

Volatility

MLPA vs. JEPI - Volatility Comparison

Global X MLP ETF (MLPA) has a higher volatility of 4.14% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that MLPA'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.

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Volatility by Period

MLPAJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.14%

2.38%

+1.76%

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

6.37%

+3.35%

Volatility (1Y)

Calculated over the trailing 1-year period

12.47%

8.15%

+4.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.73%

11.10%

+6.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.39%

10.73%

+16.66%

MLPA vs. JEPI - Expense Ratio Comparison

MLPA has a 0.77% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

MLPA vs. JEPI - Dividend Comparison

MLPA's dividend yield for the trailing twelve months is around 6.93%, less than JEPI's 7.96% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		7.34%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
MLPA
Global X MLP ETF		6.93%7.82%7.25%7.49%7.30%8.72%13.84%9.09%10.00%8.05%7.15%9.29%

Frequently Asked Questions

MLPA and JEPI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MLPA has higher volatility (4.14%) compared to JEPI (2.38%). In terms of maximum drawdown, MLPA dropped -78.75% vs JEPI's -13.71%.

On 5-year performance, MLPA leads with 18.11% vs 7.40% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MLPA has performed better with a 18.11% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JEPI is cheaper with a 0.35% expense ratio, compared with 0.77% for MLPA.

JEPI has the higher dividend yield at 7.34%, compared with 6.93% for MLPA.

MLPA is categorized as MLPs, while JEPI is Dividend. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.77% for MLPA and 0.35% for JEPI.

MLPA currently has the higher Sharpe Ratio (1.53 vs 1.25), 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.

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