TBLD vs. JEPI
TBLD (Thornburg Income Builder Opportunities Trust Common Stock) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 3 years, TBLD returned 21.46%/yr vs 9.13%/yr for JEPI. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
TBLD vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, TBLD achieves a 10.22% return, which is significantly higher than JEPI's 1.33% return.
TBLD
- 1D
- 0.84%
- 1M
- -4.54%
- YTD
- 10.22%
- 6M
- 12.00%
- 1Y
- 21.00%
- 3Y*
- 21.46%
- 5Y*
- —
- 10Y*
- —
JEPI
- 1D
- 0.41%
- 1M
- 0.22%
- YTD
- 1.33%
- 6M
- 0.79%
- 1Y
- 7.37%
- 3Y*
- 9.13%
- 5Y*
- 7.28%
- 10Y*
- —
TBLD vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBLD Thornburg Income Builder Opportunities Trust Common Stock | 10.22% | 31.88% | 14.02% | 18.01% | -17.47% | -4.15% |
JEPI JPMorgan Equity Premium Income ETF | 1.33% | 8.09% | 12.57% | 9.83% | -3.49% | 6.02% |
Correlation
The correlation between TBLD and JEPI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.51 |
The correlation between TBLD and JEPI has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
TBLD vs. JEPI — Risk / Return Rank
TBLD
JEPI
TBLD vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Income Builder Opportunities Trust Common Stock (TBLD) 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.
| TBLD | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.11 | +1.59 |
| Martin ratioReturn relative to average drawdown | 7.38 | 3.25 | +4.13 |
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Drawdowns
TBLD vs. JEPI - Drawdown Comparison
The maximum TBLD drawdown since its inception was -33.65%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for TBLD and JEPI.
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Drawdown Indicators
| TBLD | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -13.71% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -6.68% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -9.88% | -13.26% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.71% | — |
Current DrawdownCurrent decline from peak | -4.84% | -3.71% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -2.13% | -6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.27% | +0.58% |
Volatility
TBLD vs. JEPI - Volatility Comparison
Thornburg Income Builder Opportunities Trust Common Stock (TBLD) has a higher volatility of 4.42% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that TBLD'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
| TBLD | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 2.38% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 6.30% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 8.02% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 11.08% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 10.78% | +4.25% |
Dividends
TBLD vs. JEPI - Dividend Comparison
TBLD's dividend yield for the trailing twelve months is around 5.78%, less than JEPI's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.18% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
TBLD Thornburg Income Builder Opportunities Trust Common Stock | 5.78% | 6.22% | 8.32% | 8.06% | 8.02% | 2.79% | 0.00% |
Frequently Asked Questions
TBLD and JEPI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBLD has higher volatility (4.42%) compared to JEPI (2.38%). In terms of maximum drawdown, TBLD dropped -33.65% vs JEPI's -13.71%.
TBLD currently has the higher Sharpe Ratio (1.55 vs 0.93), 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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