SPFF vs. JEPI
Compare and contrast key facts about Global X SuperIncome Preferred ETF (SPFF) and JPMorgan Equity Premium Income ETF (JEPI).
SPFF and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPFF is a passively managed fund by Global X that tracks the performance of the S&P Enhanced Yield North American Preferred Stock Index. It was launched on Jul 17, 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: SPFF or JEPI.
Key characteristics
| SPFF | JEPI | |
|---|---|---|
| YTD Return | 2.28% | 6.23% |
| 1Y Return | 11.91% | 12.79% |
| 3Y Return (Ann) | -2.38% | 7.75% |
| Sharpe Ratio | 1.06 | 1.76 |
| Daily Std Dev | 10.92% | 7.18% |
| Max Drawdown | -35.92% | -13.71% |
| Current Drawdown | -10.58% | -0.13% |
Correlation
The correlation between SPFF and JEPI is 0.52, 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.
Performance
SPFF vs. JEPI - Performance Comparison
In the year-to-date period, SPFF achieves a 2.28% return, which is significantly lower than JEPI's 6.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPFF vs. JEPI - Expense Ratio Comparison
SPFF has a 0.58% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
SPFF vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperIncome Preferred ETF (SPFF) 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
SPFF vs. JEPI - Dividend Comparison
SPFF's dividend yield for the trailing twelve months is around 6.30%, less than JEPI's 7.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | 6.30% | 6.64% | 7.15% | 5.78% | 5.75% | 5.94% | 7.60% | 7.24% | 7.04% | 7.50% | 6.78% | 7.36% |
JEPI JPMorgan Equity Premium Income ETF | 7.30% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPFF vs. JEPI - Drawdown Comparison
The maximum SPFF drawdown since its inception was -35.92%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SPFF and JEPI. For additional features, visit the drawdowns tool.
Volatility
SPFF vs. JEPI - Volatility Comparison
Global X SuperIncome Preferred ETF (SPFF) has a higher volatility of 3.40% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.53%. This indicates that SPFF'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.