Correlation
The correlation between SMLPX and JEPI is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SMLPX vs. JEPI
Compare and contrast key facts about Salient MLP & Energy Infrastructure Fund (SMLPX) and JPMorgan Equity Premium Income ETF (JEPI).
SMLPX is managed by Salient Funds. It was launched on Sep 18, 2012. 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: SMLPX or JEPI.
Performance
SMLPX vs. JEPI - Performance Comparison
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Key characteristics
SMLPX:
1.07
JEPI:
0.56
SMLPX:
1.36
JEPI:
0.81
SMLPX:
1.21
JEPI:
1.13
SMLPX:
1.26
JEPI:
0.54
SMLPX:
4.03
JEPI:
2.23
SMLPX:
5.49%
JEPI:
3.19%
SMLPX:
21.70%
JEPI:
13.82%
SMLPX:
-73.06%
JEPI:
-13.71%
SMLPX:
-8.40%
JEPI:
-4.02%
Returns By Period
In the year-to-date period, SMLPX achieves a 1.42% return, which is significantly higher than JEPI's 0.17% return.
SMLPX
1.42%
3.56%
-4.53%
21.31%
15.03%
20.13%
2.75%
JEPI
0.17%
1.80%
-3.98%
6.67%
8.01%
10.94%
N/A
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SMLPX vs. JEPI - Expense Ratio Comparison
SMLPX has a 1.35% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
SMLPX vs. JEPI — Risk-Adjusted Performance Rank
SMLPX
JEPI
SMLPX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) 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.
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Dividends
SMLPX vs. JEPI - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 4.51%, less than JEPI's 8.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 4.51% | 4.48% | 5.75% | 4.38% | 4.92% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% | 4.37% |
JEPI JPMorgan Equity Premium Income ETF | 8.01% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMLPX vs. JEPI - Drawdown Comparison
The maximum SMLPX drawdown since its inception was -73.06%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SMLPX and JEPI.
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Volatility
SMLPX vs. JEPI - Volatility Comparison
Salient MLP & Energy Infrastructure Fund (SMLPX) has a higher volatility of 4.40% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.29%. This indicates that SMLPX'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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