PHD vs. JEPI
Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) and JPMorgan Equity Premium Income ETF (JEPI).
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: PHD or JEPI.
Key characteristics
| PHD | JEPI | |
|---|---|---|
| YTD Return | 16.95% | 15.42% |
| 1Y Return | 23.37% | 18.87% |
| 3Y Return (Ann) | 4.16% | 8.14% |
| Sharpe Ratio | 2.56 | 2.70 |
| Sortino Ratio | 3.35 | 3.76 |
| Omega Ratio | 1.54 | 1.54 |
| Calmar Ratio | 2.01 | 4.87 |
| Martin Ratio | 26.58 | 19.06 |
| Ulcer Index | 0.86% | 0.99% |
| Daily Std Dev | 8.99% | 6.99% |
| Max Drawdown | -63.57% | -13.71% |
| Current Drawdown | -0.20% | -0.50% |
Correlation
The correlation between PHD and JEPI is 0.32, 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
PHD vs. JEPI - Performance Comparison
In the year-to-date period, PHD achieves a 16.95% return, which is significantly higher than JEPI's 15.42% 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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Risk-Adjusted Performance
PHD vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) 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
PHD vs. JEPI - Dividend Comparison
PHD's dividend yield for the trailing twelve months is around 10.39%, more than JEPI's 7.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHD Pioneer Floating Rate Fund, Inc. | 10.39% | 11.96% | 9.78% | 6.30% | 6.71% | 7.33% | 6.71% | 6.28% | 6.13% | 6.50% | 6.51% | 7.26% |
JEPI JPMorgan Equity Premium Income ETF | 7.09% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHD vs. JEPI - Drawdown Comparison
The maximum PHD drawdown since its inception was -63.57%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PHD and JEPI. For additional features, visit the drawdowns tool.
Volatility
PHD vs. JEPI - Volatility Comparison
The current volatility for Pioneer Floating Rate Fund, Inc. (PHD) is 1.86%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.98%. This indicates that PHD 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.