PJAN vs. JEPI
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and JPMorgan Equity Premium Income ETF (JEPI).
PJAN and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect January Series Index. It was launched on Jan 2, 2019. 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: PJAN or JEPI.
Key characteristics
| PJAN | JEPI | |
|---|---|---|
| YTD Return | 6.26% | 6.51% |
| 1Y Return | 18.26% | 13.81% |
| 3Y Return (Ann) | 7.24% | 7.65% |
| Sharpe Ratio | 2.78 | 1.79 |
| Daily Std Dev | 6.39% | 7.19% |
| Max Drawdown | -21.25% | -13.71% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PJAN and JEPI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PJAN vs. JEPI - Performance Comparison
The year-to-date returns for both investments are quite close, with PJAN having a 6.26% return and JEPI slightly higher at 6.51%. 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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PJAN vs. JEPI - Expense Ratio Comparison
PJAN has a 0.79% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PJAN vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - January (PJAN) 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
PJAN vs. JEPI - Dividend Comparison
PJAN has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 7.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.28% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
PJAN vs. JEPI - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PJAN and JEPI. For additional features, visit the drawdowns tool.
Volatility
PJAN vs. JEPI - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - January (PJAN) is 1.68%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.97%. This indicates that PJAN 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.