TCPC vs. JEPI
Compare and contrast key facts about BlackRock TCP Capital Corp. (TCPC) and JPMorgan Equity Premium Income ETF (JEPI).
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: TCPC or JEPI.
Performance
TCPC vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, TCPC achieves a -14.06% return, which is significantly lower than JEPI's 14.85% return.
TCPC
-14.06%
7.31%
-10.90%
-13.21%
1.55%
3.89%
JEPI
14.85%
0.36%
7.81%
17.75%
N/A
N/A
Key characteristics
| TCPC | JEPI | |
|---|---|---|
| Sharpe Ratio | -0.59 | 2.57 |
| Sortino Ratio | -0.72 | 3.57 |
| Omega Ratio | 0.91 | 1.51 |
| Calmar Ratio | -0.44 | 4.69 |
| Martin Ratio | -0.97 | 18.13 |
| Ulcer Index | 14.00% | 1.00% |
| Daily Std Dev | 23.00% | 7.05% |
| Max Drawdown | -69.08% | -13.71% |
| Current Drawdown | -20.25% | -1.00% |
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Correlation
The correlation between TCPC and JEPI is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TCPC vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock TCP Capital Corp. (TCPC) 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
TCPC vs. JEPI - Dividend Comparison
TCPC's dividend yield for the trailing twelve months is around 15.18%, more than JEPI's 7.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCPC BlackRock TCP Capital Corp. | 15.18% | 9.53% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% | 9.18% | 9.12% |
JEPI JPMorgan Equity Premium Income ETF | 7.12% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TCPC vs. JEPI - Drawdown Comparison
The maximum TCPC drawdown since its inception was -69.08%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for TCPC and JEPI. For additional features, visit the drawdowns tool.
Volatility
TCPC vs. JEPI - Volatility Comparison
BlackRock TCP Capital Corp. (TCPC) has a higher volatility of 11.27% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.14%. This indicates that TCPC'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.