JEPI vs SPY
Comparison between JPMORGAN EQUITY PREMIUM INCOME ETF (JEPI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed JEPI, delivering a return of +13.3% compared to +7.4%
JEPI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JEPI
$44B
Winner
SPY
$652B
Expense Ratio
JEPI
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
JEPI
20.01%
SPY
56.47%
Sharpe Ratio
JEPI
0.69
Winner
SPY
2.07
5Y Beta
Winner
JEPI
0.59
SPY
1.00
P/E Ratio
Winner
JEPI
26.78
SPY
28.24
Forward P/E
Winner
JEPI
21.20
SPY
21.85
PEG Ratio
JEPI
0.84
SPY
N/A
5Y Dividends CAGR
JEPI
4.64%
Winner
SPY
5.43%
5Y EPS CAGR
JEPI
17.56%
Winner
SPY
25.79%
Debt to Equity
Winner
JEPI
-35.90%
SPY
22.35%
P/S Ratio
JEPI
3.63
Winner
SPY
3.55
P/B Ratio
Winner
JEPI
5.24
SPY
5.29
JEPI vs SPY - Holdings Comparison
JEPI and SPY have 105 common holdings. Overlap is 33.55%
JEPI's top 25 holdings weight is 37.59%. SPY's top 25 holdings weight is 51.32%.
| Rank | JEPI | SPY |
|---|---|---|
| #1 | AMAZON.COM INC (AMZN) - 1.74% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | NVIDIA CORP (NVDA) - 1.72% | APPLE INC (AAPL) - 6.48% |
| #3 | NEXTERA ENERGY INC (NEE) - 1.70% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | ROSS STORES INC (ROST) - 1.70% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 1.67% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | EATON CORP PLC (ETN) - 1.64% | BROADCOM INC (AVGO) - 3.09% |
| #7 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 1.63% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | BROADCOM INC (AVGO) - 1.62% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | HOWMET AEROSPACE INC (HWM) - 1.61% | TESLA INC (TSLA) - 1.73% |
| #10 | EOG RESOURCES INC (EOG) - 1.58% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | JOHNSON & JOHNSON (JNJ) - 1.55% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | APPLE INC (AAPL) - 1.48% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | MICROSOFT CORP (MSFT) - 1.48% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | PEPSICO INC (PEP) - 1.43% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | YUM BRANDS INC (YUM) - 1.41% | WALMART INC (WMT) - 0.91% |
| #16 | ABBVIE INC (ABBV) - 1.41% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | META PLATFORMS INC CLASS A (META) - 1.39% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | PHILIP MORRIS INTERNATIONAL INC (PM) - 1.38% | VISA INC CLASS A (V) - 0.85% |
| #19 | MASTERCARD INC CLASS A (MA) - 1.37% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | RTX CORP (RTX) - 1.37% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | LOWE'S COMPANIES INC (LOW) - 1.36% | INTEL CORP (INTC) - 0.65% |
| #22 | ANALOG DEVICES INC (ADI) - 1.36% | NETFLIX INC (NFLX) - 0.64% |
| #23 | THE WALT DISNEY CO (DIS) - 1.34% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | WALMART INC (WMT) - 1.33% | CHEVRON CORP (CVX) - 0.58% |
| #25 | VISA INC CLASS A (V) - 1.32% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 123 | 505 |
JEPI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
JEPI
-2.10%
Winner
SPY
+9.11%
3M
JEPI
-3.22%
Winner
SPY
+6.59%
6M
JEPI
+3.27%
Winner
SPY
+10.56%
1Y
JEPI
+9.22%
Winner
SPY
+32.04%
5Y(CAGR)
JEPI
+7.43%
Winner
SPY
+13.35%
10Y(CAGR)
JEPI
N/A
SPY
+15.49%
Max(CAGR)
Winner
JEPI
+11.03%
SPY
+8.50%
JEPI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | JEPI | SPY |
|---|---|---|
| 2026 | +0.30% | +8.27% |
| 2025 | +8.18% | +18.00% |
| 2024 | +12.29% | +25.59% |
| 2023 | +9.85% | +26.72% |
| 2022 | -3.09% | -18.64% |
| 2021 | +22.85% | +30.52% |
| 2020 | +18.59% | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
JEPI vs SPY Drawdown Comparison
The maximum drawdown for JEPI was -13.72%, occurring on Sep 30, 2022. Recovery took 291 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current JEPI drawdown is -4.55%.
| Rank | JEPI | SPY |
|---|---|---|
| #1 | -13.72% Apr 20, 2022 - Jun 16, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -13.26% Feb 19, 2025 - Aug 22, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -7.11% Dec 31, 2021 - Apr 8, 2022 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -6.70% Sep 14, 2023 - Dec 1, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -6.68% Feb 27, 2026 - Mar 27, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.92% Nov 29, 2024 - Feb 19, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.52% Sep 2, 2021 - Oct 26, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.15% Oct 12, 2020 - Nov 5, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.86% Jul 31, 2024 - Aug 15, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.59% Mar 28, 2024 - May 15, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.58% Sep 2, 2020 - Oct 7, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.37% Jun 3, 2020 - Jul 6, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.23% Nov 16, 2021 - Dec 7, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.83% Jan 25, 2021 - Feb 18, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.57% Feb 18, 2021 - Mar 9, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between JEPI and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
JEPI vs SPY dividend yield comparison.
| Year | JEPI | SPY |
|---|---|---|
| 2026 | 2.79% | 0.24% |
| 2025 | 8.25% | 1.07% |
| 2024 | 7.33% | 1.21% |
| 2023 | 8.40% | 1.40% |
| 2022 | 11.68% | 1.65% |
| 2021 | 6.59% | 1.20% |
| 2020 | 5.79% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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