PNNT vs. JEPI
PNNT (PennantPark Investment Corporation) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, PNNT returned -0.91%/yr vs 7.38%/yr for JEPI. At a 0.36 correlation, their price movements are largely independent.
Performance
PNNT vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, PNNT achieves a -36.35% return, which is significantly lower than JEPI's 3.30% return.
PNNT
- 1D
- -0.58%
- 1M
- -9.28%
- 6M
- -37.50%
- YTD
- -36.35%
- 1Y
- -43.08%
- 3Y*
- -5.07%
- 5Y*
- -0.91%
- 10Y*
- 4.62%
JEPI
- 1D
- 0.00%
- 1M
- 1.98%
- 6M
- 1.42%
- YTD
- 3.30%
- 1Y
- 8.32%
- 3Y*
- 9.14%
- 5Y*
- 7.38%
- 10Y*
- —
PNNT vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | -36.35% | -2.96% | 16.56% | 37.25% | -8.90% | 61.71% | 65.60% |
JEPI JPMorgan Equity Premium Income ETF | 3.30% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between PNNT and JEPI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.36 |
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Return for Risk
PNNT vs. JEPI — Risk / Return Rank
PNNT
JEPI
PNNT vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PNNT | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.19 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.25 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.79 | 3.57 | -5.36 |
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Drawdowns
PNNT vs. JEPI - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PNNT and JEPI.
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Drawdown Indicators
| PNNT | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -13.71% | -68.45% |
Max Drawdown (1Y)Largest decline over 1 year | -47.57% | -6.68% | -40.89% |
Max Drawdown (3Y)Largest decline over 3 years | -47.57% | -13.26% | -34.31% |
Max Drawdown (5Y)Largest decline over 5 years | -47.57% | -13.71% | -33.86% |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | — | — |
Current DrawdownCurrent decline from peak | -45.83% | -1.84% | -43.99% |
Average DrawdownAverage peak-to-trough decline | -15.41% | -2.13% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.06% | 2.34% | +21.72% |
Volatility
PNNT vs. JEPI - Volatility Comparison
PennantPark Investment Corporation (PNNT) has a higher volatility of 9.18% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.10%. This indicates that PNNT'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.
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Volatility by Period
| PNNT | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 2.10% | +7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 24.48% | 6.31% | +18.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.15% | 8.03% | +20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 11.09% | +12.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.86% | 10.75% | +22.11% |
Dividends
PNNT vs. JEPI - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 28.07%, more than JEPI's 8.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.05% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PNNT PennantPark Investment Corporation | 28.07% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
Frequently Asked Questions
PNNT and JEPI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (9.18%) compared to JEPI (2.10%). In terms of maximum drawdown, PNNT dropped -82.16% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (1.04 vs -1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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