XTN vs. JEPI

Last updated Jun 4, 2026

XTN (SPDR S&P Transportation ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - XTN is a Transportation Equities fund tracking the S&P Transportation Select Industry Index, while JEPI is a Dividend fund actively managed by JPMorgan. XTN is passively managed, while JEPI is actively managed. Over the past 5 years, XTN returned 5.36%/yr vs 7.26%/yr for JEPI. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

XTN vs. JEPI - Performance Comparison

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

Returns By Period

In the year-to-date period, XTN achieves a 21.64% return, which is significantly higher than JEPI's 0.15% return.

XTN

• 1D: -0.75%
• 1M: 12.22%
• YTD: 21.64%
• 6M: 22.93%
• 1Y: 44.53%
• 3Y*: 14.95%
• 5Y*: 5.36%
• 10Y*: 10.58%

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTN vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XTN SPDR S&P Transportation ETF	21.64%	6.33%	4.86%	25.22%	-28.10%	33.68%	46.81%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between XTN and JEPI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.61

The correlation between XTN and JEPI has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

XTN vs. JEPI - Sectors Allocation Comparison

Sectors	XTN	JEPI
Industrials	95.4%	13.8%
Technology	4.6%	19.1%
Basic Materials	-	1.9%
Communication Services	-	6.9%
Consumer Cyclical	-	11.7%
Consumer Defensive	-	9.6%
Energy	-	3.5%
Financial Services	-	9.8%
Healthcare	-	14.1%
Real Estate	-	3.5%
Utilities	-	6.2%

Return for Risk

XTN vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTN

XTN Risk / Return Rank: 45
XTN Sharpe Ratio Rank: 45
XTN Sortino Ratio Rank: 44
XTN Omega Ratio Rank: 42
XTN Calmar Ratio Rank: 53
XTN Martin Ratio Rank: 43

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTN vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Transportation ETF (XTN) 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.

	XTN	JEPI	Difference
Sharpe ratio Return per unit of total volatility	1.60	0.99	+0.61
Sortino ratio Return per unit of downside risk	2.22	1.47	+0.75
Omega ratio Gain probability vs. loss probability	1.27	1.18	+0.09
Calmar ratio Return relative to maximum drawdown	2.59	1.16	+1.43
Martin ratio Return relative to average drawdown	7.14	3.73	+3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTN vs. JEPI - Sharpe Ratio Comparison

The current XTN Sharpe Ratio is 1.60, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of XTN and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XTN	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	0.99	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.66	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.01	-0.57

Drawdowns

XTN vs. JEPI - Drawdown Comparison

The maximum XTN drawdown since its inception was -43.77%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for XTN and JEPI.

Drawdown Indicators

	XTN	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-13.71%	-30.06%
Max Drawdown (1Y) Largest decline over 1 year	-17.28%	-6.68%	-10.60%
Max Drawdown (3Y) Largest decline over 3 years	-33.69%	-13.26%	-20.43%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-13.71%	-21.34%
Max Drawdown (10Y) Largest decline over 10 years	-43.77%	—	—
Current Drawdown Current decline from peak	-5.70%	-4.83%	-0.87%
Average Drawdown Average peak-to-trough decline	-10.94%	-2.12%	-8.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	2.07%	+4.18%

Volatility

XTN vs. JEPI - Volatility Comparison

SPDR S&P Transportation ETF (XTN) has a higher volatility of 7.36% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that XTN'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.

Volatility by Period

	XTN	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	1.35%	+6.01%
Volatility (6M) Calculated over the trailing 6-month period	22.05%	6.07%	+15.98%
Volatility (1Y) Calculated over the trailing 1-year period	28.03%	7.85%	+20.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	11.06%	+15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.19%	10.80%	+15.39%

XTN vs. JEPI - Expense Ratio Comparison

Both XTN and JEPI have an expense ratio of 0.35%.

Dividends

XTN vs. JEPI - Dividend Comparison

XTN's dividend yield for the trailing twelve months is around 0.66%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%
XTN SPDR S&P Transportation ETF	0.66%	0.78%	0.93%	0.73%	1.04%	1.02%	0.75%	1.17%	0.98%	0.63%	0.66%	1.03%

Frequently Asked Questions

Can I hold both XTN and JEPI in my portfolio?

XTN and JEPI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTN or JEPI?

XTN has higher volatility (7.36%) compared to JEPI (1.35%). In terms of maximum drawdown, XTN dropped -43.77% vs JEPI's -13.71%.

Which ETF is better, XTN or JEPI?

On 5-year performance, JEPI leads with 7.26% vs 5.36% for XTN. Both ETFs have the same 0.35% expense ratio. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTN or JEPI?

Over the 5-year period, JEPI has performed better with a 7.26% return vs 5.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTN or JEPI?

XTN and JEPI have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, XTN or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 0.66% for XTN.

What is the main difference between XTN and JEPI?

XTN is categorized as Transportation Equities, while JEPI is Dividend. They also come from different issuers: State Street and JPMorgan.

Which has better risk-adjusted returns?

XTN currently has the higher Sharpe Ratio (1.60 vs 0.99), 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.