PAPI vs. JEPI
Compare and contrast key facts about Parametric Equity Premium Income ETF (PAPI) and JPMorgan Equity Premium Income ETF (JEPI).
PAPI and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 2023. 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: PAPI or JEPI.
Correlation
The correlation between PAPI and JEPI is 0.72, 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
PAPI vs. JEPI - Performance Comparison
Key characteristics
PAPI:
0.23
JEPI:
0.34
PAPI:
0.42
JEPI:
0.57
PAPI:
1.06
JEPI:
1.09
PAPI:
0.22
JEPI:
0.34
PAPI:
0.89
JEPI:
1.82
PAPI:
3.59%
JEPI:
2.48%
PAPI:
13.60%
JEPI:
13.34%
PAPI:
-14.27%
JEPI:
-13.71%
PAPI:
-8.49%
JEPI:
-7.54%
Returns By Period
In the year-to-date period, PAPI achieves a -2.09% return, which is significantly higher than JEPI's -3.50% return.
PAPI
-2.09%
-3.12%
-5.24%
3.63%
N/A
N/A
JEPI
-3.50%
-3.61%
-4.94%
5.48%
N/A
N/A
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PAPI vs. JEPI - Expense Ratio Comparison
PAPI has a 0.29% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PAPI vs. JEPI — Risk-Adjusted Performance Rank
PAPI
JEPI
PAPI vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Equity Premium Income ETF (PAPI) 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
PAPI vs. JEPI - Dividend Comparison
PAPI's dividend yield for the trailing twelve months is around 7.46%, less than JEPI's 7.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.46% | 7.07% | 1.45% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.95% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
PAPI vs. JEPI - Drawdown Comparison
The maximum PAPI drawdown since its inception was -14.27%, roughly equal to the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PAPI and JEPI. For additional features, visit the drawdowns tool.
Volatility
PAPI vs. JEPI - Volatility Comparison
The current volatility for Parametric Equity Premium Income ETF (PAPI) is 9.21%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 10.54%. This indicates that PAPI 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.