SVOL vs. JEPI
SVOL (Simplify Volatility Premium ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - SVOL is a Volatility fund actively managed by Simplify, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, SVOL returned 6.50%/yr vs 7.30%/yr for JEPI. A 0.61 correlation means they provide meaningful diversification when combined. SVOL charges 0.50%/yr vs 0.35%/yr for JEPI.
Performance
SVOL vs. JEPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SVOL achieves a -1.34% return, which is significantly lower than JEPI's 0.35% return.
SVOL
- 1D
- -1.98%
- 1M
- 2.02%
- YTD
- -1.34%
- 6M
- 0.46%
- 1Y
- 11.78%
- 3Y*
- 5.84%
- 5Y*
- 6.50%
- 10Y*
- —
JEPI
- 1D
- -0.34%
- 1M
- -1.01%
- YTD
- 0.35%
- 6M
- 0.76%
- 1Y
- 7.86%
- 3Y*
- 9.00%
- 5Y*
- 7.30%
- 10Y*
- —
SVOL vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SVOL Simplify Volatility Premium ETF | -1.34% | 2.41% | 6.77% | 22.88% | -3.30% | 12.25% |
JEPI JPMorgan Equity Premium Income ETF | 0.35% | 8.09% | 12.57% | 9.83% | -3.49% | 11.58% |
Correlation
The correlation between SVOL and JEPI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 14, 2021 | 0.61 |
The correlation between SVOL and JEPI has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SVOL vs. JEPI — Risk / Return Rank
SVOL
JEPI
SVOL vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volatility Premium ETF (SVOL) 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.
| SVOL | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.18 | -0.27 |
| Martin ratioReturn relative to average drawdown | 2.15 | 3.74 | -1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SVOL | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.00 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.66 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.01 | -0.67 |
Drawdowns
SVOL vs. JEPI - Drawdown Comparison
The maximum SVOL drawdown since its inception was -33.50%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SVOL and JEPI.
Loading charts...
Drawdown Indicators
| SVOL | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -13.71% | -19.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -6.68% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -33.50% | -13.26% | -20.24% |
Max Drawdown (5Y)Largest decline over 5 years | -33.50% | -13.71% | -19.79% |
Current DrawdownCurrent decline from peak | -3.89% | -4.64% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -2.12% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 2.11% | +3.38% |
Volatility
SVOL vs. JEPI - Volatility Comparison
Simplify Volatility Premium ETF (SVOL) has a higher volatility of 2.74% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.49%. This indicates that SVOL'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.
Loading charts...
Volatility by Period
| SVOL | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 1.49% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 6.08% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 7.88% | +13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.00% | 11.05% | +10.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 10.79% | +11.14% |
SVOL vs. JEPI - Expense Ratio Comparison
SVOL has a 0.50% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
SVOL vs. JEPI - Dividend Comparison
SVOL's dividend yield for the trailing twelve months is around 22.31%, more than JEPI's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.26% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
SVOL Simplify Volatility Premium ETF | 22.31% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% |
Frequently Asked Questions
SVOL and JEPI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (2.74%) compared to JEPI (1.49%). In terms of maximum drawdown, SVOL dropped -33.50% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.30% vs 6.50% for SVOL. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.30% return vs 6.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPI is cheaper with a 0.35% expense ratio, compared with 0.50% for SVOL.
SVOL has the higher dividend yield at 22.31%, compared with 8.26% for JEPI.
SVOL is categorized as Volatility, while JEPI is Dividend. They also come from different issuers: Simplify and JPMorgan. Their fees differ too: 0.50% for SVOL and 0.35% for JEPI.
JEPI currently has the higher Sharpe Ratio (1.00 vs 0.57), 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.
Find the right allocation for SVOL and JEPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer