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SPYI vs. JEPI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPYI and JEPI is 0.82, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

SPYI vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS S&P 500 High Income ETF (SPYI) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

15.00%20.00%25.00%30.00%35.00%40.00%NovemberDecember2025FebruaryMarchApril
31.85%
24.04%
SPYI
JEPI

Key characteristics

Sharpe Ratio

SPYI:

0.54

JEPI:

0.37

Sortino Ratio

SPYI:

0.87

JEPI:

0.62

Omega Ratio

SPYI:

1.14

JEPI:

1.10

Calmar Ratio

SPYI:

0.56

JEPI:

0.39

Martin Ratio

SPYI:

2.51

JEPI:

1.79

Ulcer Index

SPYI:

3.68%

JEPI:

2.86%

Daily Std Dev

SPYI:

17.05%

JEPI:

13.76%

Max Drawdown

SPYI:

-16.47%

JEPI:

-13.71%

Current Drawdown

SPYI:

-7.75%

JEPI:

-6.74%

Returns By Period

In the year-to-date period, SPYI achieves a -3.86% return, which is significantly lower than JEPI's -2.67% return.


SPYI

YTD

-3.86%

1M

-2.69%

6M

-2.70%

1Y

9.71%

5Y*

N/A

10Y*

N/A

JEPI

YTD

-2.67%

1M

-3.71%

6M

-3.57%

1Y

5.59%

5Y*

N/A

10Y*

N/A

*Annualized

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SPYI vs. JEPI - Expense Ratio Comparison

SPYI has a 0.68% expense ratio, which is higher than JEPI's 0.35% expense ratio.


Expense ratio chart for SPYI: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPYI: 0.68%
Expense ratio chart for JEPI: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JEPI: 0.35%

Risk-Adjusted Performance

SPYI vs. JEPI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYI
The Risk-Adjusted Performance Rank of SPYI is 6363
Overall Rank
The Sharpe Ratio Rank of SPYI is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 6666
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 6666
Martin Ratio Rank

JEPI
The Risk-Adjusted Performance Rank of JEPI is 5050
Overall Rank
The Sharpe Ratio Rank of JEPI is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of JEPI is 4545
Sortino Ratio Rank
The Omega Ratio Rank of JEPI is 5050
Omega Ratio Rank
The Calmar Ratio Rank of JEPI is 5252
Calmar Ratio Rank
The Martin Ratio Rank of JEPI is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPYI vs. JEPI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) 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.


The chart of Sharpe ratio for SPYI, currently valued at 0.54, compared to the broader market-1.000.001.002.003.004.00
SPYI: 0.54
JEPI: 0.37
The chart of Sortino ratio for SPYI, currently valued at 0.87, compared to the broader market-2.000.002.004.006.008.00
SPYI: 0.87
JEPI: 0.62
The chart of Omega ratio for SPYI, currently valued at 1.14, compared to the broader market0.501.001.502.002.50
SPYI: 1.14
JEPI: 1.10
The chart of Calmar ratio for SPYI, currently valued at 0.56, compared to the broader market0.002.004.006.008.0010.0012.00
SPYI: 0.56
JEPI: 0.39
The chart of Martin ratio for SPYI, currently valued at 2.51, compared to the broader market0.0020.0040.0060.00
SPYI: 2.51
JEPI: 1.79

The current SPYI Sharpe Ratio is 0.54, which is higher than the JEPI Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of SPYI and JEPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.54
0.37
SPYI
JEPI

Dividends

SPYI vs. JEPI - Dividend Comparison

SPYI's dividend yield for the trailing twelve months is around 13.09%, more than JEPI's 7.88% yield.


TTM20242023202220212020
SPYI
NEOS S&P 500 High Income ETF
13.09%12.04%12.01%4.10%0.00%0.00%
JEPI
JPMorgan Equity Premium Income ETF
7.88%7.33%8.40%11.67%6.59%5.79%

Drawdowns

SPYI vs. JEPI - Drawdown Comparison

The maximum SPYI drawdown since its inception was -16.47%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SPYI and JEPI. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-7.75%
-6.74%
SPYI
JEPI

Volatility

SPYI vs. JEPI - Volatility Comparison

NEOS S&P 500 High Income ETF (SPYI) has a higher volatility of 13.32% compared to JPMorgan Equity Premium Income ETF (JEPI) at 11.07%. This indicates that SPYI'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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.32%
11.07%
SPYI
JEPI