OPER vs. JEPI
Compare and contrast key facts about ClearShares Ultra-Short Maturity ETF (OPER) and JPMorgan Equity Premium Income ETF (JEPI).
OPER and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OPER is an actively managed fund by ClearShares LLC. It was launched on Jul 11, 2018. 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: OPER or JEPI.
Key characteristics
| OPER | JEPI | |
|---|---|---|
| YTD Return | 4.67% | 15.91% |
| 1Y Return | 5.40% | 21.29% |
| 3Y Return (Ann) | 3.85% | 8.56% |
| Sharpe Ratio | 13.64 | 2.91 |
| Sortino Ratio | 35.12 | 4.06 |
| Omega Ratio | 10.80 | 1.59 |
| Calmar Ratio | 47.59 | 5.33 |
| Martin Ratio | 557.56 | 20.85 |
| Ulcer Index | 0.01% | 0.99% |
| Daily Std Dev | 0.40% | 7.08% |
| Max Drawdown | -2.33% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OPER and JEPI is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
OPER vs. JEPI - Performance Comparison
In the year-to-date period, OPER achieves a 4.67% return, which is significantly lower than JEPI's 15.91% 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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OPER vs. JEPI - Expense Ratio Comparison
OPER has a 0.20% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
OPER vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) 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
OPER vs. JEPI - Dividend Comparison
OPER's dividend yield for the trailing twelve months is around 5.36%, less than JEPI's 7.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
OPER ClearShares Ultra-Short Maturity ETF | 5.36% | 5.03% | 1.71% | 0.36% | 0.64% | 2.08% | 0.88% |
JEPI JPMorgan Equity Premium Income ETF | 7.06% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% |
Drawdowns
OPER vs. JEPI - Drawdown Comparison
The maximum OPER drawdown since its inception was -2.33%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for OPER and JEPI. For additional features, visit the drawdowns tool.
Volatility
OPER vs. JEPI - Volatility Comparison
The current volatility for ClearShares Ultra-Short Maturity ETF (OPER) is 0.08%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.04%. This indicates that OPER 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.