SPYD vs. JEPI
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and JPMorgan Equity Premium Income ETF (JEPI).
SPYD and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. 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: SPYD or JEPI.
Performance
SPYD vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, SPYD achieves a 20.15% return, which is significantly higher than JEPI's 14.44% return.
SPYD
20.15%
-1.32%
12.60%
33.94%
8.08%
N/A
JEPI
14.44%
-0.20%
7.19%
17.88%
N/A
N/A
Key characteristics
| SPYD | JEPI | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.53 |
| Sortino Ratio | 3.55 | 3.52 |
| Omega Ratio | 1.45 | 1.50 |
| Calmar Ratio | 2.07 | 4.62 |
| Martin Ratio | 16.91 | 17.99 |
| Ulcer Index | 1.96% | 0.99% |
| Daily Std Dev | 13.04% | 7.05% |
| Max Drawdown | -46.42% | -13.71% |
| Current Drawdown | -1.32% | -1.35% |
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SPYD vs. JEPI - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Correlation
The correlation between SPYD and JEPI is 0.67, 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.
Risk-Adjusted Performance
SPYD vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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
SPYD vs. JEPI - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.06%, less than JEPI's 7.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.06% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
JEPI JPMorgan Equity Premium Income ETF | 7.15% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPYD vs. JEPI - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SPYD and JEPI. For additional features, visit the drawdowns tool.
Volatility
SPYD vs. JEPI - Volatility Comparison
SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a higher volatility of 3.42% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.17%. This indicates that SPYD'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.