SIVR vs. JEPI

Last updated Jun 16, 2026

SIVR (abrdn Physical Silver Shares ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while JEPI is a Dividend fund actively managed by JPMorgan. SIVR is passively managed, while JEPI is actively managed. Over the past 5 years, SIVR returned 20.46%/yr vs 7.65%/yr for JEPI. At a 0.19 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.35%/yr for JEPI.

Performance

SIVR vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) 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, SIVR achieves a -1.40% return, which is significantly lower than JEPI's 1.89% return.

SIVR

• 1D: 3.51%
• 1M: -8.06%
• YTD: -1.40%
• 6M: 9.35%
• 1Y: 92.86%
• 3Y*: 42.25%
• 5Y*: 20.46%
• 10Y*: 14.57%

JEPI

• 1D: 0.59%
• 1M: 1.56%
• YTD: 1.89%
• 6M: 1.70%
• 1Y: 8.98%
• 3Y*: 9.19%
• 5Y*: 7.65%
• 10Y*: —

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

SIVR vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SIVR abrdn Physical Silver Shares ETF	-1.40%	145.34%	21.08%	-0.91%	2.59%	-12.33%	50.29%
JEPI JPMorgan Equity Premium Income ETF	1.89%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between SIVR and JEPI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.19

Return for Risk

SIVR vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIVR

SIVR Risk / Return Rank: 44
SIVR Sharpe Ratio Rank: 50
SIVR Sortino Ratio Rank: 39
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 45
SIVR Martin Ratio Rank: 33

JEPI

JEPI Risk / Return Rank: 33
JEPI Sharpe Ratio Rank: 34
JEPI Sortino Ratio Rank: 34
JEPI Omega Ratio Rank: 33
JEPI Calmar Ratio Rank: 30
JEPI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIVR vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) 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.

	SIVR	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.13	+0.43
Sortino ratio: Return per unit of downside risk	1.85	1.68	+0.17
Omega ratio: Gain probability vs. loss probability	1.31	1.21	+0.10
Calmar ratio: Return relative to maximum drawdown	2.06	1.35	+0.71
Martin ratio: Return relative to average drawdown	4.44	4.09	+0.35

SIVR vs. JEPI - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.56, which is higher than the JEPI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SIVR 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

SIVR vs. JEPI - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SIVR and JEPI.

Drawdown Indicators

	SIVR	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-13.71%	-62.14%
Max Drawdown (1Y) Largest decline over 1 year	-45.33%	-6.68%	-38.65%
Max Drawdown (3Y) Largest decline over 3 years	-45.33%	-13.26%	-32.07%
Max Drawdown (5Y) Largest decline over 5 years	-45.33%	-13.71%	-31.62%
Max Drawdown (10Y) Largest decline over 10 years	-45.33%	—	—
Current Drawdown Current decline from peak	-39.85%	-3.18%	-36.67%
Average Drawdown Average peak-to-trough decline	-47.83%	-2.13%	-45.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	2.20%	+18.80%

Volatility

SIVR vs. JEPI - Volatility Comparison

abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.52% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.12%. This indicates that SIVR'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.

Volatility by Period

	SIVR	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	2.12%	+14.40%
Volatility (6M) Calculated over the trailing 6-month period	59.14%	6.23%	+52.91%
Volatility (1Y) Calculated over the trailing 1-year period	59.96%	8.01%	+51.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.53%	11.08%	+25.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.05%	10.79%	+21.26%

SIVR vs. JEPI - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

SIVR vs. JEPI - Dividend Comparison

SIVR has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 8.13%.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	8.13%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVR and JEPI in my portfolio?

SIVR and JEPI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIVR or JEPI?

SIVR has higher volatility (16.52%) compared to JEPI (2.12%). In terms of maximum drawdown, SIVR dropped -75.85% vs JEPI's -13.71%.

Which ETF is better, SIVR or JEPI?

On 5-year performance, SIVR leads with 20.46% vs 7.65% for JEPI. On fees, SIVR is cheaper at 0.30% per year. On volatility, JEPI has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIVR or JEPI?

Over the 5-year period, SIVR has performed better with a 20.46% return vs 7.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIVR or JEPI?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.13%, compared with 0.00% for SIVR.

What is the main difference between SIVR and JEPI?

SIVR is categorized as Silver, while JEPI is Dividend. They also come from different issuers: abrdn and JPMorgan. Their fees differ too: 0.30% for SIVR and 0.35% for JEPI.

Which has better risk-adjusted returns?

SIVR currently has the higher Sharpe Ratio (1.56 vs 1.13), 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.