MLPA vs. JEPI
Compare and contrast key facts about Global X MLP ETF (MLPA) and JPMorgan Equity Premium Income ETF (JEPI).
MLPA and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. 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: MLPA or JEPI.
Key characteristics
| MLPA | JEPI | |
|---|---|---|
| YTD Return | 17.45% | 16.00% |
| 1Y Return | 18.71% | 20.33% |
| 3Y Return (Ann) | 17.73% | 8.37% |
| Sharpe Ratio | 1.55 | 3.04 |
| Sortino Ratio | 2.23 | 4.23 |
| Omega Ratio | 1.27 | 1.62 |
| Calmar Ratio | 1.92 | 5.53 |
| Martin Ratio | 7.89 | 21.64 |
| Ulcer Index | 2.42% | 0.99% |
| Daily Std Dev | 12.34% | 7.01% |
| Max Drawdown | -78.74% | -13.71% |
| Current Drawdown | -0.70% | 0.00% |
Correlation
The correlation between MLPA and JEPI is 0.38, 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
MLPA vs. JEPI - Performance Comparison
In the year-to-date period, MLPA achieves a 17.45% 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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MLPA vs. JEPI - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
MLPA vs. JEPI - Risk-Adjusted Performance 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.
Dividends
MLPA vs. JEPI - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.42%, more than JEPI's 7.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 7.42% | 7.49% | 7.30% | 8.72% | 13.85% | 9.11% | 10.03% | 8.07% | 7.16% | 9.29% | 5.80% | 5.62% |
JEPI JPMorgan Equity Premium Income ETF | 7.05% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLPA vs. JEPI - Drawdown Comparison
The maximum MLPA drawdown since its inception was -78.74%, 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. For additional features, visit the drawdowns tool.
Volatility
MLPA vs. JEPI - Volatility Comparison
Global X MLP ETF (MLPA) has a higher volatility of 3.54% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.99%. 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.