SPOK vs. JEPI
SPOK (Spok Holdings, Inc.) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, SPOK returned 12.88%/yr vs 7.31%/yr for JEPI. At a 0.26 correlation, their price movements are largely independent.
Performance
SPOK vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, SPOK achieves a -14.06% return, which is significantly lower than JEPI's 0.91% return.
SPOK
- 1D
- 3.88%
- 1M
- 0.68%
- YTD
- -14.06%
- 6M
- -12.33%
- 1Y
- -30.00%
- 3Y*
- 1.74%
- 5Y*
- 12.88%
- 10Y*
- 1.21%
JEPI
- 1D
- -0.43%
- 1M
- -0.19%
- YTD
- 0.91%
- 6M
- 0.64%
- 1Y
- 7.76%
- 3Y*
- 8.98%
- 5Y*
- 7.31%
- 10Y*
- —
SPOK vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPOK Spok Holdings, Inc. | -14.06% | -10.96% | 12.06% | 107.98% | 2.88% | -11.89% | 8.42% |
JEPI JPMorgan Equity Premium Income ETF | 0.91% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between SPOK and JEPI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.26 |
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Return for Risk
SPOK vs. JEPI — Risk / Return Rank
SPOK
JEPI
SPOK vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spok Holdings, Inc. (SPOK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPOK | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.18 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.17 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.17 | 3.44 | -4.61 |
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Drawdowns
SPOK vs. JEPI - Drawdown Comparison
The maximum SPOK drawdown since its inception was -73.90%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SPOK and JEPI.
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Drawdown Indicators
| SPOK | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.90% | -13.71% | -60.19% |
Max Drawdown (1Y)Largest decline over 1 year | -39.88% | -6.68% | -33.20% |
Max Drawdown (3Y)Largest decline over 3 years | -39.88% | -13.26% | -26.62% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -13.71% | -26.17% |
Max Drawdown (10Y)Largest decline over 10 years | -62.99% | — | — |
Current DrawdownCurrent decline from peak | -37.05% | -4.11% | -32.94% |
Average DrawdownAverage peak-to-trough decline | -28.11% | -2.13% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.73% | 2.26% | +23.47% |
Volatility
SPOK vs. JEPI - Volatility Comparison
Spok Holdings, Inc. (SPOK) has a higher volatility of 8.64% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that SPOK'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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Volatility by Period
| SPOK | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 2.38% | +6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.91% | 6.29% | +15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.24% | 8.03% | +22.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.15% | 11.08% | +23.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 10.78% | +25.50% |
Dividends
SPOK vs. JEPI - Dividend Comparison
SPOK's dividend yield for the trailing twelve months is around 11.66%, more than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPOK Spok Holdings, Inc. | 11.66% | 9.48% | 7.79% | 8.07% | 15.26% | 5.36% | 4.49% | 4.09% | 3.77% | 3.19% | 3.61% | 3.41% |
Frequently Asked Questions
SPOK and JEPI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOK has higher volatility (8.64%) compared to JEPI (2.38%). In terms of maximum drawdown, SPOK dropped -73.90% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.97 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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