PGX vs. JEPI
Compare and contrast key facts about Invesco Preferred ETF (PGX) and JPMorgan Equity Premium Income ETF (JEPI).
PGX and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PGX is a passively managed fund by Invesco that tracks the performance of the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. It was launched on Jan 31, 2008. 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: PGX or JEPI.
Key characteristics
| PGX | JEPI | |
|---|---|---|
| YTD Return | 10.27% | 15.89% |
| 1Y Return | 15.56% | 19.32% |
| 3Y Return (Ann) | -1.21% | 8.31% |
| Sharpe Ratio | 1.84 | 2.89 |
| Sortino Ratio | 2.65 | 4.02 |
| Omega Ratio | 1.33 | 1.58 |
| Calmar Ratio | 0.95 | 5.23 |
| Martin Ratio | 8.96 | 20.45 |
| Ulcer Index | 1.96% | 0.99% |
| Daily Std Dev | 9.54% | 7.00% |
| Max Drawdown | -66.43% | -13.71% |
| Current Drawdown | -5.09% | -0.10% |
Correlation
The correlation between PGX and JEPI is 0.44, 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
PGX vs. JEPI - Performance Comparison
In the year-to-date period, PGX achieves a 10.27% return, which is significantly lower than JEPI's 15.89% 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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PGX vs. JEPI - Expense Ratio Comparison
PGX has a 0.52% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PGX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) 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
PGX vs. JEPI - Dividend Comparison
PGX's dividend yield for the trailing twelve months is around 5.83%, less than JEPI's 7.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGX Invesco Preferred ETF | 5.83% | 6.42% | 6.29% | 4.82% | 4.89% | 5.30% | 6.08% | 5.66% | 6.02% | 5.84% | 5.98% | 6.78% |
JEPI JPMorgan Equity Premium Income ETF | 7.06% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGX vs. JEPI - Drawdown Comparison
The maximum PGX drawdown since its inception was -66.43%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PGX and JEPI. For additional features, visit the drawdowns tool.
Volatility
PGX vs. JEPI - Volatility Comparison
Invesco Preferred ETF (PGX) has a higher volatility of 3.43% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.95%. This indicates that PGX'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.