TCPC vs. JEPI
TCPC (BlackRock TCP Capital Corp.) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, TCPC returned -14.36%/yr vs 7.28%/yr for JEPI. At a 0.38 correlation, their price movements are largely independent.
Performance
TCPC vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, TCPC achieves a -36.20% return, which is significantly lower than JEPI's 1.33% return.
TCPC
- 1D
- -1.86%
- 1M
- -10.80%
- YTD
- -36.20%
- 6M
- -34.76%
- 1Y
- -49.20%
- 3Y*
- -21.10%
- 5Y*
- -14.36%
- 10Y*
- -3.53%
JEPI
- 1D
- 0.41%
- 1M
- 0.22%
- YTD
- 1.33%
- 6M
- 0.79%
- 1Y
- 7.37%
- 3Y*
- 9.13%
- 5Y*
- 7.28%
- 10Y*
- —
TCPC vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TCPC BlackRock TCP Capital Corp. | -36.20% | -26.24% | -12.26% | 3.23% | 5.61% | 30.76% | 32.66% |
JEPI JPMorgan Equity Premium Income ETF | 1.33% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between TCPC and JEPI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.38 |
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Return for Risk
TCPC vs. JEPI — Risk / Return Rank
TCPC
JEPI
TCPC vs. JEPI - Risk-Adjusted Trends 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.
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.
| TCPC | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.17 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.11 | -2.06 |
| Martin ratioReturn relative to average drawdown | -1.62 | 3.25 | -4.87 |
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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.
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Drawdown Indicators
| TCPC | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.08% | -13.71% | -55.37% |
Max Drawdown (1Y)Largest decline over 1 year | -51.84% | -6.68% | -45.16% |
Max Drawdown (3Y)Largest decline over 3 years | -60.26% | -13.26% | -47.00% |
Max Drawdown (5Y)Largest decline over 5 years | -60.26% | -13.71% | -46.55% |
Max Drawdown (10Y)Largest decline over 10 years | -69.08% | — | — |
Current DrawdownCurrent decline from peak | -60.26% | -3.71% | -56.55% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -2.13% | -7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.44% | 2.27% | +28.17% |
Volatility
TCPC vs. JEPI - Volatility Comparison
BlackRock TCP Capital Corp. (TCPC) has a higher volatility of 10.85% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. 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.
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Volatility by Period
| TCPC | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 2.38% | +8.47% |
Volatility (6M)Calculated over the trailing 6-month period | 30.43% | 6.30% | +24.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.22% | 8.02% | +26.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.47% | 11.08% | +15.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 10.78% | +23.75% |
Dividends
TCPC vs. JEPI - Dividend Comparison
TCPC's dividend yield for the trailing twelve months is around 27.76%, more than JEPI's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.18% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TCPC BlackRock TCP Capital Corp. | 27.76% | 20.48% | 16.76% | 14.64% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% |
Frequently Asked Questions
TCPC and JEPI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCPC has higher volatility (10.85%) compared to JEPI (2.38%). In terms of maximum drawdown, TCPC dropped -69.08% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.93 vs -1.44), 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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