SLX vs. JEPI
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and JPMorgan Equity Premium Income ETF (JEPI).
SLX and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. 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: SLX or JEPI.
Correlation
The correlation between SLX and JEPI is 0.81, 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
SLX vs. JEPI - Performance Comparison
Key characteristics
SLX:
-0.45
JEPI:
0.41
SLX:
-0.50
JEPI:
0.67
SLX:
0.94
JEPI:
1.11
SLX:
-0.44
JEPI:
0.43
SLX:
-1.12
JEPI:
1.99
SLX:
10.81%
JEPI:
2.83%
SLX:
26.89%
JEPI:
13.76%
SLX:
-82.14%
JEPI:
-13.71%
SLX:
-16.40%
JEPI:
-7.02%
Returns By Period
In the year-to-date period, SLX achieves a 3.40% return, which is significantly higher than JEPI's -2.96% return.
SLX
3.40%
-5.94%
-6.66%
-9.77%
27.43%
9.48%
JEPI
-2.96%
-4.23%
-4.11%
4.70%
N/A
N/A
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SLX vs. JEPI - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
SLX vs. JEPI — Risk-Adjusted Performance Rank
SLX
JEPI
SLX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) 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
SLX vs. JEPI - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.44%, less than JEPI's 7.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 3.44% | 3.55% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% |
JEPI JPMorgan Equity Premium Income ETF | 7.90% | 7.33% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLX vs. JEPI - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.14%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SLX and JEPI. For additional features, visit the drawdowns tool.
Volatility
SLX vs. JEPI - Volatility Comparison
VanEck Vectors Steel ETF (SLX) has a higher volatility of 15.76% compared to JPMorgan Equity Premium Income ETF (JEPI) at 11.06%. This indicates that SLX'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.