T vs. JEPI
T (AT&T Inc.) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, T returned 5.29%/yr vs 7.35%/yr for JEPI. At a 0.33 correlation, their price movements are largely independent.
Performance
T vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -13.08% return, which is significantly lower than JEPI's 2.86% return.
T
- 1D
- 0.14%
- 1M
- -6.13%
- 6M
- -9.93%
- YTD
- -13.08%
- 1Y
- -22.09%
- 3Y*
- 16.07%
- 5Y*
- 5.29%
- 10Y*
- 1.53%
JEPI
- 1D
- -0.60%
- 1M
- 2.82%
- 6M
- 1.94%
- YTD
- 2.86%
- 1Y
- 7.77%
- 3Y*
- 9.48%
- 5Y*
- 7.35%
- 10Y*
- —
T vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
T AT&T Inc. | -13.08% | 13.97% | 44.08% | -2.74% | 5.76% | -8.09% | 0.70% |
JEPI JPMorgan Equity Premium Income ETF | 2.86% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between T and JEPI is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.33 |
Over the past year, the correlation between T and JEPI has dropped to 0.04 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
T vs. JEPI — Risk / Return Rank
T
JEPI
T vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| T | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.18 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.17 | -1.94 |
| Martin ratioReturn relative to average drawdown | -1.81 | 3.34 | -5.15 |
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Drawdowns
T vs. JEPI - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for T and JEPI.
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Drawdown Indicators
| T | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -13.71% | -50.44% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -6.68% | -22.21% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -13.26% | -15.63% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -13.71% | -18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | — | — |
Current DrawdownCurrent decline from peak | -26.66% | -2.25% | -24.41% |
Average DrawdownAverage peak-to-trough decline | -15.73% | -2.14% | -13.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 2.33% | +9.89% |
Volatility
T vs. JEPI - Volatility Comparison
AT&T Inc. (T) has a higher volatility of 9.94% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.50%. This indicates that T'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.
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Volatility by Period
| T | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 2.50% | +7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.75% | 6.39% | +13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.44% | 8.02% | +15.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 11.09% | +13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.88% | 10.76% | +13.12% |
Dividends
T vs. JEPI - Dividend Comparison
T's dividend yield for the trailing twelve months is around 5.26%, less than JEPI's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.09% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T AT&T Inc. | 5.26% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Frequently Asked Questions
T and JEPI have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T has higher volatility (9.94%) compared to JEPI (2.50%). In terms of maximum drawdown, T dropped -64.15% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.97 vs -0.95), 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.
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