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XUT.TO vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUT.TO vs. JEPI

Last updated Jun 9, 2026

XUT.TO (iShares S&P/TSX Capped Utilities Index ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - XUT.TO is a Utilities Equities fund tracking the Morningstar Gbl GR CAD, while JEPI is a Dividend fund actively managed by JPMorgan. XUT.TO is passively managed, while JEPI is actively managed. Over the past 5 years, XUT.TO returned 6.67%/yr vs 10.34%/yr for JEPI. At a 0.34 correlation, their price movements are largely independent. XUT.TO charges 0.61%/yr vs 0.35%/yr for JEPI.

Performance

XUT.TO vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XUT.TO is traded in CAD, while JEPI is traded in USD. To make them comparable, the JEPI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUT.TO achieves a 14.94% return, which is significantly higher than JEPI's 1.83% return.

XUT.TO

1D
-0.82%
1M
2.92%
YTD
14.94%
6M
11.39%
1Y
21.47%
3Y*
11.27%
5Y*
6.67%
10Y*
8.80%

JEPI

1D
-0.07%
1M
1.63%
YTD
1.83%
6M
1.67%
1Y
9.16%
3Y*
10.34%
5Y*
10.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUT.TO vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		14.94%14.74%13.09%-0.45%-11.02%8.92%21.03%
JEPI
JPMorgan Equity Premium Income ETF		1.87%3.16%22.10%7.21%2.63%21.46%8.77%

Correlation

The correlation between XUT.TO and JEPI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since May 22, 2020

0.34

Over the past year, the correlation between XUT.TO and JEPI has dropped to 0.12 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

XUT.TO vs. JEPI - Sectors Allocation Comparison

Sectors
XUT.TO
JEPI

Utilities

90.7%
6.2%

Energy

9.3%
3.5%

Basic Materials

-

1.9%

Communication Services

-

6.9%

Consumer Cyclical

-

11.7%

Consumer Defensive

-

9.6%

Financial Services

-

9.8%

Healthcare

-

14.1%

Industrials

-

13.8%

Real Estate

-

3.5%

Technology

-

19.1%

Utilities

XUT.TO
90.7%
JEPI
6.2%

Energy

XUT.TO
9.3%
JEPI
3.5%

Basic Materials

XUT.TO

-

JEPI
1.9%

Communication Services

XUT.TO

-

JEPI
6.9%

Consumer Cyclical

XUT.TO

-

JEPI
11.7%

Consumer Defensive

XUT.TO

-

JEPI
9.6%

Financial Services

XUT.TO

-

JEPI
9.8%

Healthcare

XUT.TO

-

JEPI
14.1%

Industrials

XUT.TO

-

JEPI
13.8%

Real Estate

XUT.TO

-

JEPI
3.5%

Technology

XUT.TO

-

JEPI
19.1%

Compare stocks, funds, or ETFs

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

iShares S&P/TSX Capped Utilities Index ETF

JPMorgan Equity Premium Income ETF

Often compared with XUT.TO:
XUT.TO vs. ZUT.TOXUT.TO vs. XEI.TOXUT.TO vs. XIU.TOXUT.TO vs. ZLB.TOXUT.TO vs. XLUXUT.TO vs. UTES.TOXUT.TO vs. VPU
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOO

Return for Risk

XUT.TO vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUT.TO
XUT.TO Risk / Return Rank: 7373
Overall Rank
XUT.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
XUT.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XUT.TO Omega Ratio Rank: 8787
Omega Ratio Rank
XUT.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
XUT.TO Martin Ratio Rank: 5252
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 2626
Overall Rank
JEPI Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 2727
Sortino Ratio Rank
JEPI Omega Ratio Rank: 2727
Omega Ratio Rank
JEPI Calmar Ratio Rank: 2424
Calmar Ratio Rank
JEPI Martin Ratio Rank: 2626
Martin Ratio Rank
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.

XUT.TO vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) 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.

XUT.TOJEPIDifference
Sharpe ratioReturn per unit of total volatility
2.46
1.03

+1.43

Sortino ratioReturn per unit of downside risk
3.19
1.55

+1.64

Omega ratioGain probability vs. loss probability

1.49

1.19

+0.30

Calmar ratioReturn relative to maximum drawdown

2.82

1.68

+1.14

Martin ratioReturn relative to average drawdown

8.01

4.59

+3.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUT.TO vs. JEPI - Sharpe Ratio Comparison

The current XUT.TO Sharpe Ratio is 2.46, which is higher than the JEPI Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of XUT.TO 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.

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Sharpe Ratios by Period

XUT.TOJEPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

1.03

+1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.83

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.88

-0.36

Drawdowns

XUT.TO vs. JEPI - Drawdown Comparison

The maximum XUT.TO drawdown since its inception was -37.65%, which is greater than JEPI's maximum drawdown of -14.43%. Use the drawdown chart below to compare losses from any high point for XUT.TO and JEPI.

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Drawdown Indicators

XUT.TOJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-37.65%

-14.43%

-23.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-5.48%

-2.16%

Max Drawdown (3Y)

Largest decline over 3 years

-19.35%

-14.43%

-4.92%

Max Drawdown (5Y)

Largest decline over 5 years

-28.54%

-14.43%

-14.11%

Max Drawdown (10Y)

Largest decline over 10 years

-37.65%

—

—

Current Drawdown

Current decline from peak

-1.17%

-3.10%

+1.93%

Average Drawdown

Average peak-to-trough decline

-5.82%

-2.38%

-3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

2.00%

+0.69%

Volatility

XUT.TO vs. JEPI - Volatility Comparison

iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) has a higher volatility of 2.54% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.82%. This indicates that XUT.TO'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

XUT.TOJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.54%

1.82%

+0.72%

Volatility (6M)

Calculated over the trailing 6-month period

7.64%

6.98%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

8.77%

8.92%

-0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.77%

12.57%

+0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.18%

12.43%

+3.75%

XUT.TO vs. JEPI - Expense Ratio Comparison

XUT.TO has a 0.61% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

XUT.TO vs. JEPI - Dividend Comparison

XUT.TO's dividend yield for the trailing twelve months is around 3.29%, less than JEPI's 8.28% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		8.28%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		3.29%3.91%4.00%3.90%3.80%3.04%4.51%3.57%4.52%3.57%3.74%4.05%

Frequently Asked Questions

XUT.TO and JEPI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JEPI is cheaper with a 0.35% expense ratio, compared with 0.61% for XUT.TO.

XUT.TO is categorized as Utilities Equities, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.61% for XUT.TO and 0.35% for JEPI.

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