PFF vs. JEPI
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and JPMorgan Equity Premium Income ETF (JEPI).
PFF and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. 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: PFF or JEPI.
Key characteristics
| PFF | JEPI | |
|---|---|---|
| YTD Return | 2.80% | 6.23% |
| 1Y Return | 12.74% | 12.79% |
| 3Y Return (Ann) | -1.05% | 7.75% |
| Sharpe Ratio | 1.29 | 1.76 |
| Daily Std Dev | 9.41% | 7.18% |
| Max Drawdown | -65.55% | -13.71% |
| Current Drawdown | -8.55% | -0.13% |
Correlation
The correlation between PFF and JEPI is 0.59, 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.
Performance
PFF vs. JEPI - Performance Comparison
In the year-to-date period, PFF achieves a 2.80% return, which is significantly lower than JEPI's 6.23% 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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PFF vs. JEPI - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PFF vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) 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
PFF vs. JEPI - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 6.37%, less than JEPI's 7.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 6.37% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% | 6.32% | 6.60% |
JEPI JPMorgan Equity Premium Income ETF | 7.30% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFF vs. JEPI - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PFF and JEPI. For additional features, visit the drawdowns tool.
Volatility
PFF vs. JEPI - Volatility Comparison
iShares Preferred and Income Securities ETF (PFF) has a higher volatility of 3.44% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.53%. This indicates that PFF'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.