SPLV vs. JEPI
Compare and contrast key facts about Invesco S&P 500® Low Volatility ETF (SPLV) and JPMorgan Equity Premium Income ETF (JEPI).
SPLV and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. 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: SPLV or JEPI.
Key characteristics
| SPLV | JEPI | |
|---|---|---|
| YTD Return | 2.97% | 4.29% |
| 1Y Return | 4.10% | 11.70% |
| 3Y Return (Ann) | 3.90% | 7.27% |
| Sharpe Ratio | 0.40 | 1.54 |
| Daily Std Dev | 9.51% | 7.24% |
| Max Drawdown | -36.26% | -13.71% |
| Current Drawdown | -3.31% | -1.95% |
Correlation
The correlation between SPLV and JEPI is 0.87, 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
SPLV vs. JEPI - Performance Comparison
In the year-to-date period, SPLV achieves a 2.97% return, which is significantly lower 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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SPLV vs. JEPI - Expense Ratio Comparison
SPLV has a 0.25% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
SPLV vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Low Volatility ETF (SPLV) 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
SPLV vs. JEPI - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.39%, less than JEPI's 7.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500® Low Volatility ETF | 2.39% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
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
SPLV vs. JEPI - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SPLV and JEPI. For additional features, visit the drawdowns tool.
Volatility
SPLV vs. JEPI - Volatility Comparison
Invesco S&P 500® Low Volatility ETF (SPLV) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 2.67% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.