RSPA vs. JEPI

Last updated Aug 1, 2026

RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while JEPI is a Dividend fund actively managed by JPMorgan. RSPA is passively managed, while JEPI is actively managed. Over the past year, RSPA returned 19.71% vs 11.16% for JEPI. Their correlation of 0.84 means they have usually moved in the same direction. RSPA charges 0.29%/yr vs 0.35%/yr for JEPI.

Performance

RSPA vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPA achieves a 11.50% return, which is significantly higher than JEPI's 4.52% return.

RSPA

• 1D: 0.22%
• 1M: 0.86%
• 6M: 8.76%
• YTD: 11.50%
• 1Y: 19.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.97%

JEPI

• 1D: 0.33%
• 1M: 1.27%
• 6M: 2.16%
• YTD: 4.52%
• 1Y: 11.16%
• 3Y*: 9.21%
• 5Y*: 7.40%
• 10Y*: —
• ALL TIME*: 11.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEPI JPMorgan Equity Premium Income ETF	$260.98M	$260.42M	$297.70M
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	$10.20M	$12.25M	$9.83M

RSPA vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	11.50%	11.07%	3.51%
JEPI JPMorgan Equity Premium Income ETF	4.52%	8.09%	4.47%

Correlation

The correlation between RSPA and JEPI is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Jul 17, 2024	0.84

The correlation between RSPA and JEPI has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

RSPA vs. JEPI - Sectors Allocation Comparison

Sectors	RSPA	JEPI
Technology	17.3%	15.4%
Industrials	15.7%	11.2%
Financial Services	13.9%	8.9%
Healthcare	12.0%	12.9%
Consumer Cyclical	10.9%	9.8%
Consumer Defensive	6.3%	7.7%
Utilities	6.3%	4.9%
Real Estate	5.9%	2.6%
Communication Services	4.0%	6.1%
Basic Materials	3.9%	1.6%
Energy	3.8%	2.6%

Return for Risk

RSPA vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSPA

RSPA Risk / Return Rank: 84
RSPA Sharpe Ratio Rank: 84
RSPA Sortino Ratio Rank: 84
RSPA Omega Ratio Rank: 82
RSPA Calmar Ratio Rank: 81
RSPA Martin Ratio Rank: 86

JEPI

JEPI Risk / Return Rank: 48
JEPI Sharpe Ratio Rank: 52
JEPI Sortino Ratio Rank: 53
JEPI Omega Ratio Rank: 52
JEPI Calmar Ratio Rank: 43
JEPI Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSPA vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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.

	RSPA	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.25	+0.69
Sortino ratio: Return per unit of downside risk	2.77	1.85	+0.92
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	2.98	1.52	+1.45
Martin ratio: Return relative to average drawdown	12.14	4.32	+7.82

RSPA vs. JEPI - Sharpe Ratio Comparison

The current RSPA Sharpe Ratio is 1.94, which is higher than the JEPI Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of RSPA and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPA vs. JEPI - Drawdown Comparison

The maximum RSPA drawdown since its inception was -15.37%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for RSPA and JEPI.

Drawdown Indicators

	RSPA	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-15.37%	-13.71%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-6.21%	-6.68%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.39%	-0.68%	+0.29%
Average Drawdown Average peak-to-trough decline	-1.92%	-2.13%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	2.36%	-0.84%

Volatility

RSPA vs. JEPI - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is 2.00%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.38%. This indicates that RSPA 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.

Volatility by Period

	RSPA	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	2.38%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	6.74%	6.37%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	9.53%	8.15%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.68%	11.10%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	10.73%	+1.95%

RSPA vs. JEPI - Expense Ratio Comparison

RSPA has a 0.29% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

RSPA vs. JEPI - Dividend Comparison

RSPA's dividend yield for the trailing twelve months is around 8.93%, more than JEPI's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	7.34%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	8.93%	9.14%	4.03%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSPA and JEPI in my portfolio?

RSPA and JEPI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPA or JEPI?

JEPI has higher volatility (2.38%) compared to RSPA (2.00%). In terms of maximum drawdown, RSPA dropped -15.37% vs JEPI's -13.71%.

Which ETF is better, RSPA or JEPI?

On 1-year performance, RSPA leads with 19.71% vs 11.16% for JEPI. On fees, RSPA is cheaper at 0.29% per year. On volatility, RSPA has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPA or JEPI?

Over the 1-year period, RSPA has performed better with a 19.71% return vs 11.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPA or JEPI?

RSPA is cheaper with a 0.29% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, RSPA or JEPI?

RSPA has the higher dividend yield at 8.93%, compared with 7.34% for JEPI.

What is the main difference between RSPA and JEPI?

RSPA is categorized as S&P 500, while JEPI is Dividend. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.29% for RSPA and 0.35% for JEPI.

Which has better risk-adjusted returns?

RSPA currently has the higher Sharpe Ratio (1.94 vs 1.25), 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.