SMMU vs. JEPI
Compare and contrast key facts about PIMCO Short Term Municipal Bond Active ETF (SMMU) and JPMorgan Equity Premium Income ETF (JEPI).
SMMU and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.
Performance
SMMU vs. JEPI - Performance Comparison
Loading graphics...
SMMU vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 0.53% | 4.06% | 2.68% | 4.39% | -2.45% | 0.17% | 2.07% |
JEPI JPMorgan Equity Premium Income ETF | 0.46% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, SMMU achieves a 0.53% return, which is significantly higher than JEPI's 0.46% return.
SMMU
- 1D
- 0.04%
- 1M
- -0.45%
- YTD
- 0.53%
- 6M
- 1.17%
- 1Y
- 3.64%
- 3Y*
- 3.42%
- 5Y*
- 1.85%
- 10Y*
- 1.81%
JEPI
- 1D
- 0.27%
- 1M
- -4.29%
- YTD
- 0.46%
- 6M
- 3.19%
- 1Y
- 8.06%
- 3Y*
- 9.67%
- 5Y*
- 8.32%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMMU vs. JEPI - Expense Ratio Comparison
Both SMMU and JEPI have an expense ratio of 0.35%.
Return for Risk
SMMU vs. JEPI — Risk / Return Rank
SMMU
JEPI
SMMU vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Municipal Bond Active ETF (SMMU) 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.
| SMMU | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.61 | +1.45 |
Sortino ratioReturn per unit of downside risk | 2.47 | 0.95 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.16 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.79 | +1.14 |
Martin ratioReturn relative to average drawdown | 9.89 | 3.83 | +6.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SMMU | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.61 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.76 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.04 | -0.44 |
Correlation
The correlation between SMMU and JEPI is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMMU vs. JEPI - Dividend Comparison
SMMU's dividend yield for the trailing twelve months is around 2.80%, less than JEPI's 8.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 2.80% | 2.80% | 3.03% | 2.79% | 1.37% | 0.60% | 1.19% | 1.82% | 1.57% | 1.41% | 1.03% | 0.89% |
JEPI JPMorgan Equity Premium Income ETF | 8.46% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMMU vs. JEPI - Drawdown Comparison
The maximum SMMU drawdown since its inception was -5.09%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SMMU and JEPI.
Loading graphics...
Drawdown Indicators
| SMMU | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.09% | -13.71% | +8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -10.28% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -4.76% | -13.71% | +8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -5.09% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -4.53% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.07% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.12% | -1.74% |
Volatility
SMMU vs. JEPI - Volatility Comparison
The current volatility for PIMCO Short Term Municipal Bond Active ETF (SMMU) is 0.52%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 3.90%. This indicates that SMMU 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.
Loading graphics...
Volatility by Period
| SMMU | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 3.90% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 6.36% | -5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 13.24% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 11.06% | -9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.75% | 10.88% | -8.13% |