SPYI vs. JEPQ
Compare and contrast key facts about NEOS S&P 500 High Income ETF (SPYI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
SPYI and JEPQ 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. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYI or JEPQ.
Key characteristics
| SPYI | JEPQ | |
|---|---|---|
| YTD Return | 7.94% | 11.70% |
| 1Y Return | 15.73% | 27.24% |
| Sharpe Ratio | 1.97 | 2.56 |
| Daily Std Dev | 8.42% | 10.99% |
| Max Drawdown | -10.19% | -16.82% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPYI and JEPQ 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
SPYI vs. JEPQ - Performance Comparison
In the year-to-date period, SPYI achieves a 7.94% return, which is significantly lower than JEPQ's 11.70% 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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SPYI vs. JEPQ - Expense Ratio Comparison
SPYI has a 0.68% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
SPYI vs. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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. JEPQ - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.74%, more than JEPQ's 8.81% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.74% | 12.01% | 4.10% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 8.81% | 10.02% | 9.44% |
Drawdowns
SPYI vs. JEPQ - Drawdown Comparison
The maximum SPYI drawdown since its inception was -10.19%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for SPYI and JEPQ. For additional features, visit the drawdowns tool.
Volatility
SPYI vs. JEPQ - Volatility Comparison
The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 2.94%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 4.21%. This indicates that SPYI experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.