PEY vs. JEPI
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and JPMorgan Equity Premium Income ETF (JEPI).
PEY and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004. 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: PEY or JEPI.
Performance
PEY vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, PEY achieves a 8.74% return, which is significantly lower than JEPI's 14.71% return.
PEY
8.74%
-0.24%
10.41%
19.48%
8.66%
9.74%
JEPI
14.71%
-0.18%
7.76%
17.98%
N/A
N/A
Key characteristics
| PEY | JEPI | |
|---|---|---|
| Sharpe Ratio | 1.28 | 2.55 |
| Sortino Ratio | 1.91 | 3.54 |
| Omega Ratio | 1.23 | 1.50 |
| Calmar Ratio | 2.22 | 4.65 |
| Martin Ratio | 4.64 | 18.00 |
| Ulcer Index | 4.15% | 1.00% |
| Daily Std Dev | 15.03% | 7.05% |
| Max Drawdown | -72.81% | -13.71% |
| Current Drawdown | -0.91% | -1.12% |
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PEY vs. JEPI - Expense Ratio Comparison
PEY has a 0.53% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Correlation
The correlation between PEY and JEPI is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PEY vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) 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
PEY vs. JEPI - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.46%, less than JEPI's 7.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.46% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% | 3.27% |
JEPI JPMorgan Equity Premium Income ETF | 7.13% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEY vs. JEPI - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PEY and JEPI. For additional features, visit the drawdowns tool.
Volatility
PEY vs. JEPI - Volatility Comparison
Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a higher volatility of 4.75% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.14%. This indicates that PEY'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.