UPRO vs. JEPI
Compare and contrast key facts about ProShares UltraPro S&P 500 (UPRO) and JPMorgan Equity Premium Income ETF (JEPI).
UPRO and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. 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: UPRO or JEPI.
Key characteristics
| UPRO | JEPI | |
|---|---|---|
| YTD Return | 15.17% | 4.24% |
| 1Y Return | 61.97% | 10.42% |
| 3Y Return (Ann) | 6.94% | 7.61% |
| Sharpe Ratio | 1.77 | 1.42 |
| Daily Std Dev | 35.23% | 7.44% |
| Max Drawdown | -76.82% | -13.71% |
| Current Drawdown | -17.68% | -2.00% |
Correlation
The correlation between UPRO and JEPI is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UPRO vs. JEPI - Performance Comparison
In the year-to-date period, UPRO achieves a 15.17% return, which is significantly higher than JEPI's 4.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UPRO vs. JEPI - Expense Ratio Comparison
UPRO has a 0.92% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
UPRO vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) 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
UPRO vs. JEPI - Dividend Comparison
UPRO's dividend yield for the trailing twelve months is around 0.71%, less than JEPI's 7.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 0.71% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
JEPI JPMorgan Equity Premium Income ETF | 7.57% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UPRO vs. JEPI - Drawdown Comparison
The maximum UPRO drawdown since its inception was -76.82%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for UPRO and JEPI. For additional features, visit the drawdowns tool.
Volatility
UPRO vs. JEPI - Volatility Comparison
ProShares UltraPro S&P 500 (UPRO) has a higher volatility of 10.71% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.49%. This indicates that UPRO'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.