PHDG vs. JEPI
Compare and contrast key facts about Invesco S&P 500® Downside Hedged ETF (PHDG) and JPMorgan Equity Premium Income ETF (JEPI).
PHDG and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHDG is an actively managed fund by Invesco. It was launched on Dec 6, 2012. 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: PHDG or JEPI.
Correlation
The correlation between PHDG and JEPI is 0.52, 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
PHDG vs. JEPI - Performance Comparison
Key characteristics
PHDG:
1.27
JEPI:
1.75
PHDG:
1.92
JEPI:
2.37
PHDG:
1.25
JEPI:
1.34
PHDG:
1.40
JEPI:
2.95
PHDG:
6.01
JEPI:
12.15
PHDG:
2.28%
JEPI:
1.07%
PHDG:
10.77%
JEPI:
7.45%
PHDG:
-17.70%
JEPI:
-13.71%
PHDG:
-3.11%
JEPI:
-4.42%
Returns By Period
The year-to-date returns for both stocks are quite close, with PHDG having a 12.71% return and JEPI slightly lower at 12.27%.
PHDG
12.71%
0.66%
1.82%
13.07%
7.68%
4.79%
JEPI
12.27%
-2.16%
6.37%
12.83%
N/A
N/A
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PHDG vs. JEPI - Expense Ratio Comparison
PHDG has a 0.40% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PHDG vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Downside Hedged ETF (PHDG) 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
PHDG vs. JEPI - Dividend Comparison
PHDG's dividend yield for the trailing twelve months is around 1.46%, less than JEPI's 7.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHDG Invesco S&P 500® Downside Hedged ETF | 1.46% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.65% | 5.45% | 1.76% |
JEPI JPMorgan Equity Premium Income ETF | 7.36% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHDG vs. JEPI - Drawdown Comparison
The maximum PHDG drawdown since its inception was -17.70%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PHDG and JEPI. For additional features, visit the drawdowns tool.
Volatility
PHDG vs. JEPI - Volatility Comparison
Invesco S&P 500® Downside Hedged ETF (PHDG) has a higher volatility of 3.74% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.70%. This indicates that PHDG'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.