OVL vs. JEPI
Compare and contrast key facts about Overlay Shares Large Cap Equity ETF (OVL) and JPMorgan Equity Premium Income ETF (JEPI).
OVL and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVL is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. 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: OVL or JEPI.
Key characteristics
| OVL | JEPI | |
|---|---|---|
| YTD Return | 13.73% | 6.51% |
| 1Y Return | 33.90% | 13.81% |
| 3Y Return (Ann) | 9.84% | 7.65% |
| Sharpe Ratio | 2.37 | 1.79 |
| Daily Std Dev | 13.92% | 7.19% |
| Max Drawdown | -35.49% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OVL and JEPI is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OVL vs. JEPI - Performance Comparison
In the year-to-date period, OVL achieves a 13.73% return, which is significantly higher than JEPI's 6.51% 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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OVL vs. JEPI - Expense Ratio Comparison
OVL has a 0.79% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
OVL vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Large Cap Equity ETF (OVL) 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
OVL vs. JEPI - Dividend Comparison
OVL's dividend yield for the trailing twelve months is around 2.97%, less than JEPI's 7.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OVL Overlay Shares Large Cap Equity ETF | 2.97% | 3.33% | 3.85% | 3.63% | 2.43% | 0.50% |
JEPI JPMorgan Equity Premium Income ETF | 7.28% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% |
Drawdowns
OVL vs. JEPI - Drawdown Comparison
The maximum OVL drawdown since its inception was -35.49%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for OVL and JEPI. For additional features, visit the drawdowns tool.
Volatility
OVL vs. JEPI - Volatility Comparison
Overlay Shares Large Cap Equity ETF (OVL) has a higher volatility of 4.25% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.97%. This indicates that OVL'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.