SPYI vs. JEPI
Compare and contrast key facts about NEOS S&P 500 High Income ETF (SPYI) and JPMorgan Equity Premium Income ETF (JEPI).
SPYI and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022. 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: SPYI or JEPI.
Performance
SPYI vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, SPYI achieves a 20.05% return, which is significantly higher than JEPI's 15.68% return.
SPYI
20.05%
1.62%
11.38%
23.13%
N/A
N/A
JEPI
15.68%
1.17%
9.24%
18.27%
N/A
N/A
Key characteristics
| SPYI | JEPI | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.63 |
| Sortino Ratio | 3.41 | 3.65 |
| Omega Ratio | 1.54 | 1.52 |
| Calmar Ratio | 3.53 | 4.81 |
| Martin Ratio | 17.72 | 18.61 |
| Ulcer Index | 1.32% | 1.00% |
| Daily Std Dev | 9.17% | 7.08% |
| Max Drawdown | -10.19% | -13.71% |
| Current Drawdown | -0.28% | -0.28% |
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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.
Correlation
The correlation between SPYI and JEPI is 0.80, 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.
Risk-Adjusted Performance
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.
Dividends
SPYI vs. JEPI - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.76%, more than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.76% | 12.01% | 4.10% | 0.00% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% |
Drawdowns
SPYI vs. JEPI - Drawdown Comparison
The maximum SPYI drawdown since its inception was -10.19%, smaller than the maximum JEPI 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.
Volatility
SPYI vs. JEPI - Volatility Comparison
NEOS S&P 500 High Income ETF (SPYI) has a higher volatility of 2.65% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.25%. 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.