XRMI vs. JEPI
Compare and contrast key facts about Global X S&P 500 Risk Managed Income ETF (XRMI) and JPMorgan Equity Premium Income ETF (JEPI).
XRMI and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021. 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: XRMI or JEPI.
Key characteristics
| XRMI | JEPI | |
|---|---|---|
| YTD Return | 3.23% | 3.25% |
| 1Y Return | 4.25% | 9.33% |
| Sharpe Ratio | 0.67 | 1.19 |
| Daily Std Dev | 5.62% | 7.35% |
| Max Drawdown | -15.29% | -13.71% |
| Current Drawdown | -7.68% | -2.93% |
Correlation
The correlation between XRMI and JEPI is 0.72, 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
XRMI vs. JEPI - Performance Comparison
The year-to-date returns for both investments are quite close, with XRMI having a 3.23% return and JEPI slightly higher at 3.25%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XRMI vs. JEPI - Expense Ratio Comparison
XRMI has a 0.60% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
XRMI vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Risk Managed Income ETF (XRMI) 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
XRMI vs. JEPI - Dividend Comparison
XRMI's dividend yield for the trailing twelve months is around 12.40%, more than JEPI's 7.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
XRMI Global X S&P 500 Risk Managed Income ETF | 12.40% | 12.62% | 12.85% | 2.93% | 0.00% |
JEPI JPMorgan Equity Premium Income ETF | 7.51% | 8.40% | 11.68% | 6.59% | 5.79% |
Drawdowns
XRMI vs. JEPI - Drawdown Comparison
The maximum XRMI drawdown since its inception was -15.29%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for XRMI and JEPI. For additional features, visit the drawdowns tool.
Volatility
XRMI vs. JEPI - Volatility Comparison
The current volatility for Global X S&P 500 Risk Managed Income ETF (XRMI) is 1.92%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.84%. This indicates that XRMI experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.