SPHD vs. JEPI
Compare and contrast key facts about Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and JPMorgan Equity Premium Income ETF (JEPI).
SPHD and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 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: SPHD or JEPI.
Key characteristics
| SPHD | JEPI | |
|---|---|---|
| YTD Return | 4.70% | 4.29% |
| 1Y Return | 12.61% | 11.70% |
| 3Y Return (Ann) | 3.35% | 7.27% |
| Sharpe Ratio | 0.94 | 1.54 |
| Daily Std Dev | 12.85% | 7.24% |
| Max Drawdown | -41.39% | -13.71% |
| Current Drawdown | -3.09% | -1.95% |
Correlation
The correlation between SPHD and JEPI is 0.71, 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
SPHD vs. JEPI - Performance Comparison
In the year-to-date period, SPHD achieves a 4.70% return, which is significantly higher than JEPI's 4.29% 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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SPHD vs. JEPI - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
SPHD vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) 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
SPHD vs. JEPI - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.31%, less than JEPI's 7.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
JEPI JPMorgan Equity Premium Income ETF | 7.43% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPHD vs. JEPI - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SPHD and JEPI. For additional features, visit the drawdowns tool.
Volatility
SPHD vs. JEPI - Volatility Comparison
Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a higher volatility of 3.72% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.66%. This indicates that SPHD'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.