Data as of Nov 12, 2026.
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Overlap
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<p>Data: <a href="https://etfiq.com/compare/any/jepi-vs-jpie">ETFIQ JEPI vs JPIE comparison</a></p>JEPI vs JPIE: Differences, Returns & Fees
Return, fees and overlap, side by side.
Risk and return
Nov 12, 2021 to Nov 6, 2026 · 260 weekly returnsEach against its own benchmark: JEPI against SPY, May 29, 2020 to Nov 6, 2026; JPIE against AGG, Nov 12, 2021 to Nov 5, 2026.
From Nov 2021 to Nov 2026, JEPI returned more: +40.4% to +17.5%. JPIE swung less: 3.8% to 10.7%. JPIE fell less at its worst: −9.9% to −13.1%.
Full scorecard
19 measures Open ↓
| Measure | JEPI | JPIE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +40.4% | +17.5% | JEPI | Price change plus distributions, reinvested. |
| Annualized | +7.0% | +3.3% | JEPI | Total return as a yearly rate. |
| Price return | −8.9% | −10.5% | JEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.7% | 3.8% | JPIE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.6% | 2.8% | JPIE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.1% | −9.9% | JPIE | Deepest fall from a high to the low after it. |
| Upside capture | 42.2% | 52.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 59.0% | 41.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.57 | 0.51 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.75 | 0.61 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.32 | −0.17 | JEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.45 | −0.24 | JEPI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.132 | −0.013 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.53 | 0.33 | JEPI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +1.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.02 | 1.20 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.1% to +4.0% | −0.8% to +3.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.67 | 0.85 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.7% | 3.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 260 weekly returns. Cash rate: the 13-week Treasury bill.
Pair scorecard
JEPI costs 0.04 points a year less; their one-year returns differ by 7.2 points; JEPI is 4.1 times larger.
| Measure | JEPI | JPIE |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.7% | +2.5% |
| Price change, 1 year | rose 1.3% | fell 3.0% |
| Latest payout, annualized | 7.2% | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | No index, actively managed |
| Against its benchmark, same days | behind by 2.3 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.39% |
| Net assets | $47.1bn | $11.5bn |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, JEPI and JPIE hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 11, 2026.
half
0% in common
Only in one fund ↓
Side by side
JEPI and JPIE on the fields both publish, as of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
Client brief:
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JEPI
Over the year to Nov 12, 2026, JEPI paid 8.0% of its starting value in cash distributions while its price rose 1.3%. With every distribution reinvested, the fund returned +9.7%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 2.3 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 7.2%, paid monthly.
JPIE
JPIE is actively managed and tracks no index. Over the year to Nov 12, 2026 it returned +2.5% with distributions reinvested, against −1.3% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.39% a year.
Questions people ask
- Are JEPI and JPIE in the same category?
- JEPI is an option-income ETF and JPIE is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, JEPI or JPIE?
- In the year to Nov 12, 2026, with distributions reinvested, JEPI returned +9.7% and JPIE +2.5%.
- Which is cheaper, JEPI or JPIE?
- JEPI is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, JEPI against JPIE, data as of Nov 12, 2026. https://etfiq.com/compare/any/jepi-vs-jpie
ETFIQ. (Nov 12, 2026). JEPI against JPIE. Retrieved from https://etfiq.com/compare/any/jepi-vs-jpie
[JEPI against JPIE (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/any/jepi-vs-jpie)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
Net assets on Nov 12, 2026: $47.1bn for JPMorgan Equity Premium Income ETF and $11.5bn for JPMorgan Income ETF.
JEPI and JPIE
Total return, distributions reinvested, 1 year.
JEPI +9.7%, JPIE +2.5%: JEPI +7.2 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.