JEPI vs TLT

Comparison between JPMORGAN EQUITY PREMIUM INCOME ETF (JEPI, ETF) and ISHARES 20+ YEAR TREASURY BOND ETF (TLT, ETF).

5-Year PerformanceJEPI has outperformed TLT, delivering a return of +7.4% compared to -6.1%

JEPI vs TLT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JEPI(ETF)	TLT(ETF)
Net Assets	$44B	$43B
Expense Ratio	0.35%	0.15%
Max Drawdown	20.01%	51.76%
Sharpe Ratio	0.69	-0.08
5Y Beta	0.59	0.06
P/E Ratio	26.78	N/A
Forward P/E	21.20	N/A
PEG Ratio	0.84	N/A
5Y Dividends CAGR	4.64%	14.06%
5Y EPS CAGR	17.56%	N/A
Debt to Equity	-35.90%	N/A
P/S Ratio	3.63	N/A
P/B Ratio	5.24	N/A

Net Assets

Winner

JEPI

$44B

TLT

$43B

Expense Ratio

JEPI

0.35%

Winner

TLT

0.15%

Max Drawdown

Winner

JEPI

20.01%

TLT

51.76%

Sharpe Ratio

Winner

JEPI

0.69

TLT

-0.08

5Y Beta

JEPI

0.59

Winner

TLT

0.06

P/E Ratio

JEPI

26.78

TLT

N/A

Forward P/E

JEPI

21.20

TLT

N/A

PEG Ratio

JEPI

0.84

TLT

N/A

5Y Dividends CAGR

JEPI

4.64%

Winner

TLT

14.06%

5Y EPS CAGR

JEPI

17.56%

TLT

N/A

Debt to Equity

JEPI

-35.90%

TLT

N/A

P/S Ratio

JEPI

3.63

TLT

N/A

P/B Ratio

JEPI

5.24

TLT

N/A

JEPI vs TLT - Historical Returns

Returns include dividend reinvestment.

Period	JEPI	TLT
1 month	-2.10%	-0.60%
3 months	-3.22%	-0.56%
6 months	+3.27%	-1.72%
1 year	+9.22%	+3.54%
5 years(CAGR)	+7.43%	-6.10%
10 years(CAGR)	N/A	-1.41%
Max(CAGR)	+11.03%	+3.68%

JEPI

-2.10%

Winner

TLT

-0.60%

JEPI

-3.22%

Winner

TLT

-0.56%

Winner

JEPI

+3.27%

TLT

-1.72%

Winner

JEPI

+9.22%

TLT

+3.54%

5Y(CAGR)

Winner

JEPI

+7.43%

TLT

-6.10%

10Y(CAGR)

JEPI

N/A

TLT

-1.41%

Max(CAGR)

Winner

JEPI

+11.03%

TLT

+3.68%

JEPI vs TLT - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	JEPI	TLT
2026	+0.30%	+0.39%
2025	+8.18%	+3.96%
2024	+12.29%	-7.53%
2023	+9.85%	+0.84%
2022	-3.09%	-29.39%
2021	+22.85%	-4.49%
2020	+18.59%	+16.83%
2019	N/A	+13.52%
2018	N/A	-0.53%
2017	N/A	+8.72%
2016	N/A	+0.45%
2015	N/A	-2.87%
2014	N/A	+26.91%
2013	N/A	-12.20%
2012	N/A	+4.20%
2011	N/A	+34.98%
2010	N/A	+9.14%
2009	N/A	-19.78%
2008	N/A	+32.03%
2007	N/A	+9.50%
2006	N/A	+0.84%
2005	N/A	+8.37%
2004	N/A	+10.01%
2003	N/A	+4.32%
2002	N/A	+9.75%

JEPI vs TLT Drawdown Comparison

The maximum drawdown for JEPI was -13.72%, occurring on Sep 30, 2022. Recovery took 291 trading sessions.

The maximum drawdown for TLT was -48.35%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current JEPI drawdown is -4.55%. The current TLT drawdown is -40.15%.

Rank	JEPI	TLT
#1	-13.72% Apr 20, 2022 - Jun 16, 2023	-48.35% Aug 4, 2020 - Oct 19, 2023
#2	-13.26% Feb 19, 2025 - Aug 22, 2025	-26.58% Dec 30, 2008 - Aug 18, 2011
#3	-7.11% Dec 31, 2021 - Apr 8, 2022	-20.48% Jul 25, 2012 - Dec 10, 2014
#4	-6.70% Sep 14, 2023 - Dec 1, 2023	-17.88% Jul 8, 2016 - Jul 2, 2019
#5	-6.68% Feb 27, 2026 - Mar 27, 2026	-15.80% Jan 30, 2015 - Jun 9, 2016
#6	-4.92% Nov 29, 2024 - Feb 19, 2025	-15.73% Mar 9, 2020 - Apr 21, 2020
#7	-4.52% Sep 2, 2021 - Oct 26, 2021	-15.69% Jun 13, 2003 - Dec 15, 2004
#8	-4.15% Oct 12, 2020 - Nov 5, 2020	-10.91% Oct 3, 2011 - Dec 19, 2011
#9	-3.86% Jul 31, 2024 - Aug 15, 2024	-10.82% Jun 30, 2005 - Nov 24, 2006
#10	-3.59% Mar 28, 2024 - May 15, 2024	-10.41% Dec 19, 2011 - May 17, 2012
#11	-3.58% Sep 2, 2020 - Oct 7, 2020	-8.63% Apr 21, 2020 - Jul 30, 2020
#12	-3.37% Jun 3, 2020 - Jul 6, 2020	-8.24% Aug 28, 2019 - Feb 20, 2020
#13	-3.23% Nov 16, 2021 - Dec 7, 2021	-8.03% Dec 4, 2006 - Aug 31, 2007
#14	-2.83% Jan 25, 2021 - Feb 18, 2021	-7.49% Mar 20, 2008 - Sep 4, 2008
#15	-2.57% Feb 18, 2021 - Mar 9, 2021	-6.68% Sep 24, 2002 - Feb 20, 2003

Correlation

Correlation between JEPI and TLT is -0.77 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.77

-101

Dividend Comparison (2002 - 2026)

JEPI vs TLT dividend yield comparison.

Year	JEPI	TLT
2026	2.79%	1.50%
2025	8.25%	4.43%
2024	7.33%	4.30%
2023	8.40%	3.38%
2022	11.68%	2.67%
2021	6.59%	1.50%
2020	5.79%	1.50%
2019	0.00%	2.27%
2018	0.00%	2.63%
2017	0.00%	2.43%
2016	0.00%	2.60%
2015	0.00%	2.61%
2014	0.00%	2.67%
2013	0.00%	3.26%
2012	0.00%	2.68%
2011	0.00%	3.30%
2010	0.00%	4.16%
2009	0.00%	4.05%
2008	0.00%	3.49%
2007	0.00%	4.50%
2006	0.00%	4.52%
2005	0.00%	4.55%
2004	0.00%	4.68%
2003	0.00%	5.30%
2002	0.00%	2.19%