MVRL vs. JEPI
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and JPMorgan Equity Premium Income ETF (JEPI).
MVRL and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MVRL is a passively managed fund by UBS that tracks the performance of the MVIS US Mortgage REITs Index (150%). It was launched on Jun 2, 2020. 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: MVRL or JEPI.
Key characteristics
| MVRL | JEPI | |
|---|---|---|
| YTD Return | -2.07% | 15.79% |
| 1Y Return | 19.78% | 20.11% |
| 3Y Return (Ann) | -16.71% | 8.29% |
| Sharpe Ratio | 0.63 | 2.87 |
| Sortino Ratio | 1.02 | 4.00 |
| Omega Ratio | 1.13 | 1.58 |
| Calmar Ratio | 0.37 | 5.20 |
| Martin Ratio | 2.33 | 20.34 |
| Ulcer Index | 8.45% | 0.99% |
| Daily Std Dev | 31.19% | 7.00% |
| Max Drawdown | -60.01% | -13.71% |
| Current Drawdown | -43.75% | -0.18% |
Correlation
The correlation between MVRL and JEPI is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MVRL vs. JEPI - Performance Comparison
In the year-to-date period, MVRL achieves a -2.07% return, which is significantly lower than JEPI's 15.79% 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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MVRL vs. JEPI - Expense Ratio Comparison
MVRL has a 0.95% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
MVRL vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) 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
MVRL vs. JEPI - Dividend Comparison
MVRL's dividend yield for the trailing twelve months is around 17.43%, more than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 17.43% | 18.70% | 25.22% | 12.97% | 5.64% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
MVRL vs. JEPI - Drawdown Comparison
The maximum MVRL drawdown since its inception was -60.01%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for MVRL and JEPI. For additional features, visit the drawdowns tool.
Volatility
MVRL vs. JEPI - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 7.90% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.97%. This indicates that MVRL'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.