PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
UPRO vs. JEPI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

UPRO vs. JEPI

Last updated May 11, 2025

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.

Correlation

The correlation between UPRO and JEPI is 0.81, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro S&P 500 (UPRO) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

UPRO:

0.09

JEPI:

0.40

Sortino Ratio

UPRO:

0.57

JEPI:

0.72

Omega Ratio

UPRO:

1.08

JEPI:

1.12

Calmar Ratio

UPRO:

0.14

JEPI:

0.47

Martin Ratio

UPRO:

0.47

JEPI:

2.02

Ulcer Index

UPRO:

14.84%

JEPI:

3.05%

Daily Std Dev

UPRO:

57.28%

JEPI:

13.74%

Max Drawdown

UPRO:

-76.82%

JEPI:

-13.71%

Current Drawdown

UPRO:

-28.49%

JEPI:

-4.77%

Returns By Period

In the year-to-date period, UPRO achieves a -19.89% return, which is significantly lower than JEPI's -0.61% return.

UPRO

YTD

-19.89%

1M

22.07%

6M

-25.66%

1Y

4.93%

5Y*

30.53%

10Y*

20.37%

JEPI

YTD

-0.61%

1M

5.02%

6M

-3.46%

1Y

5.33%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UPRO vs. JEPI - Expense Ratio Comparison

UPRO has a 0.92% expense ratio, which is higher than JEPI's 0.35% expense ratio.

UPRO
ProShares UltraPro S&P 500
JEPI
JPMorgan Equity Premium Income ETF

Risk-Adjusted Performance

UPRO vs. JEPI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UPRO
The Risk-Adjusted Performance Rank of UPRO is 3434
Overall Rank
The Sharpe Ratio Rank of UPRO is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of UPRO is 4242
Sortino Ratio Rank
The Omega Ratio Rank of UPRO is 4444
Omega Ratio Rank
The Calmar Ratio Rank of UPRO is 3131
Calmar Ratio Rank
The Martin Ratio Rank of UPRO is 2929
Martin Ratio Rank
JEPI
The Risk-Adjusted Performance Rank of JEPI is 5656
Overall Rank
The Sharpe Ratio Rank of JEPI is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of JEPI is 5252
Sortino Ratio Rank
The Omega Ratio Rank of JEPI is 5858
Omega Ratio Rank
The Calmar Ratio Rank of JEPI is 5959
Calmar Ratio Rank
The Martin Ratio Rank of JEPI is 6262
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current UPRO Sharpe Ratio is 0.09, which is lower than the JEPI Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of UPRO and JEPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Dividends

UPRO vs. JEPI - Dividend Comparison

UPRO's dividend yield for the trailing twelve months is around 1.25%, less than JEPI's 8.07% yield.

TTM20242023202220212020201920182017201620152014
UPRO
ProShares UltraPro S&P 500		1.25%0.93%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%0.22%
JEPI
JPMorgan Equity Premium Income ETF		8.07%7.33%8.40%11.67%6.59%5.79%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.

Loading data...

Volatility

UPRO vs. JEPI - Volatility Comparison

ProShares UltraPro S&P 500 (UPRO) has a higher volatility of 20.75% compared to JPMorgan Equity Premium Income ETF (JEPI) at 4.96%. 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.

Loading data...