PBTP vs. JEPI
Compare and contrast key facts about Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and JPMorgan Equity Premium Income ETF (JEPI).
PBTP and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBTP is a passively managed fund by Invesco that tracks the performance of the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y). It was launched on Sep 22, 2017. 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: PBTP or JEPI.
Key characteristics
| PBTP | JEPI | |
|---|---|---|
| YTD Return | 0.78% | 3.78% |
| 1Y Return | 2.73% | 11.84% |
| 3Y Return (Ann) | 1.99% | 7.64% |
| Sharpe Ratio | 1.01 | 1.47 |
| Daily Std Dev | 2.55% | 7.41% |
| Max Drawdown | -5.42% | -13.71% |
| Current Drawdown | -0.22% | -2.44% |
Correlation
The correlation between PBTP and JEPI is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PBTP vs. JEPI - Performance Comparison
In the year-to-date period, PBTP achieves a 0.78% return, which is significantly lower than JEPI's 3.78% 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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PBTP vs. JEPI - Expense Ratio Comparison
PBTP has a 0.07% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PBTP vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) 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
PBTP vs. JEPI - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 2.44%, less than JEPI's 7.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 2.44% | 2.36% | 5.31% | 3.09% | 1.26% | 2.12% | 2.33% | 0.73% |
JEPI JPMorgan Equity Premium Income ETF | 7.60% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBTP vs. JEPI - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.42%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PBTP and JEPI. For additional features, visit the drawdowns tool.
Volatility
PBTP vs. JEPI - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.56%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.54%. This indicates that PBTP 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.