NYF vs. JEPI
NYF (iShares New York Muni Bond ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - NYF is a Municipal Bonds fund tracking the S&P New York AMT-Free Municipal Bond Index, while JEPI is a Dividend fund actively managed by JPMorgan. NYF is passively managed, while JEPI is actively managed. Over the past 5 years, NYF returned 0.76%/yr vs 7.36%/yr for JEPI. At a 0.15 correlation, their price movements are largely independent. NYF charges 0.25%/yr vs 0.35%/yr for JEPI.
Performance
NYF vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, NYF achieves a 1.58% return, which is significantly higher than JEPI's 0.86% return.
NYF
- 1D
- 0.17%
- 1M
- 0.63%
- YTD
- 1.58%
- 6M
- 1.84%
- 1Y
- 6.63%
- 3Y*
- 3.28%
- 5Y*
- 0.76%
- 10Y*
- 1.76%
JEPI
- 1D
- 0.92%
- 1M
- 0.20%
- YTD
- 0.86%
- 6M
- 0.64%
- 1Y
- 7.61%
- 3Y*
- 9.04%
- 5Y*
- 7.36%
- 10Y*
- —
NYF vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 1.58% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 3.75% |
JEPI JPMorgan Equity Premium Income ETF | 0.86% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between NYF and JEPI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.15 |
The correlation between NYF and JEPI shifts across timeframes, from 0.15 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NYF vs. JEPI — Risk / Return Rank
NYF
JEPI
NYF vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares New York Muni Bond ETF (NYF) 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.
| NYF | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.17 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.14 | +1.27 |
| Martin ratioReturn relative to average drawdown | 8.60 | 3.49 | +5.11 |
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Drawdowns
NYF vs. JEPI - Drawdown Comparison
The maximum NYF drawdown since its inception was -13.12%, roughly equal to the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for NYF and JEPI.
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Drawdown Indicators
| NYF | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -13.71% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -6.68% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -13.26% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -12.71% | -13.71% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -13.12% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -4.16% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.12% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.18% | -1.41% |
Volatility
NYF vs. JEPI - Volatility Comparison
The current volatility for iShares New York Muni Bond ETF (NYF) is 0.97%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.03%. This indicates that NYF experiences smaller price fluctuations and is considered to be less risky 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
| NYF | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.03% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 6.25% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 8.01% | -5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 11.08% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 10.80% | -6.32% |
NYF vs. JEPI - Expense Ratio Comparison
NYF has a 0.25% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
NYF vs. JEPI - Dividend Comparison
NYF's dividend yield for the trailing twelve months is around 3.09%, less than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
Frequently Asked Questions
NYF and JEPI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (2.03%) compared to NYF (0.97%). In terms of maximum drawdown, NYF dropped -13.12% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.36% vs 0.76% for NYF. On fees, NYF is cheaper at 0.25% per year. On volatility, NYF has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.36% return vs 0.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NYF is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.21%, compared with 3.09% for NYF.
NYF is categorized as Municipal Bonds, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.25% for NYF and 0.35% for JEPI.
NYF currently has the higher Sharpe Ratio (2.41 vs 0.95), 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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