Data as of Oct 27, 2026.
BALI vs JEPI: Dividend Yield & Total Return
Over the year to Oct 27, 2026, BALI paid 8.4% of its price in cash against JEPI’s 7.9%, and returned more with it reinvested.
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Net assets on Oct 26, 2026: $1.6bn for iShares U.S. Large Cap Premium Income Active ETF and $45.8bn for JPMorgan Equity Premium Income ETF.
4 pts ahead of SPY
BALI over 1 year: paid 8.4%, price +8.3%, total +17.5%, SPY +13.5%, +4.0 pts. Data to Oct 27, 2026.
SPY
+13.5%
BALI
+17.5%
8.4% of it arrived as cash
4 pts ahead of SPY
Total return, distributions reinvested
4 pts ahead of SPY
BALI over 1 year: paid 8.4%, price +8.3%, total +17.5%, SPY +13.5%, +4.0 pts. Data to Oct 27, 2026.
SPY
+13.5%
BALI
+17.5%
4 pts ahead of SPY
8.4% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.4%, price +8.3%, total +17.5%, SPY +13.5%, +4.0 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.5.9 pts behind SPY
JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
SPY
+13.5%
JEPI
+7.6%
7.9% of it arrived as cash
5.9 pts behind SPY
Total return, distributions reinvested
5.9 pts behind SPY
JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
SPY
+13.5%
JEPI
+7.6%
5.9 pts behind SPY
7.9% of it arrived as cash. Both charts share one scale, with zero at the line. JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.
Data to Oct 27, 2026.Pair scorecard
Both cost 0.35% a year; their one-year returns differ by 9.9 points; JEPI is far larger, $45.8bn against $1.6bn.
Points (pts) are percentage points.
| Measure | BALI | JEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.5% | +7.6% |
| Price change, 1 year | rose 8.3% | fell 0.6% |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Against its benchmark, same days | ahead by 4.0 pts | behind by 5.9 pts |
| Cost and size | ||
| Expense ratio | 0.35% | 0.35% |
| Net assets, as of Oct 26, 2026 | $1.6bn | $45.8bn |
| Holdings | ||
| Holdings in common | 32% | |
How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 165 income ETFs not writing on a single company. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Holdings in common uses holdings dated Oct 26, 2026. Method
Risk and return
Oct 6, 2023 to Oct 23, 2026 · 159 weekly returns · each against SPYBALI returned more: +76.2% to +36.0%. JEPI swung less: 9.2% to 12.3%. JEPI fell less at its worst: −11.5% to −15.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BALI | JEPI | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +76.2% | +36.0% | BALI | Price change plus distributions, reinvested. | |
| Annualized | +20.3% | +10.6% | BALI | Total return as a yearly rate. | |
| Price return | +37.8% | +7.2% | BALI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 12.3% | 9.2% | JEPI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 7.9% | 6.5% | JEPI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −15.3% | −11.5% | JEPI | Deepest fall from a high to the low after it. | |
| Upside capture | 81.0% | 39.3% | 100.0% | BALI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 86.6% | 57.7% | 100.0% | JEPI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.85 | 0.53 | 1.00 | JEPI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 0.69 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.21 | 0.66 | BALI | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.87 | 0.92 | BALI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.174 | 0.113 | 0.164 | BALI | Return above Treasury bills per unit of beta. |
| Calmar | 1.33 | 0.92 | BALI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | −2.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.71 | −0.92 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.5% to +3.3% | −8.6% to +3.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.53 | −1.24 | BALI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.0% | 8.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 159 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BALI and JEPI hold 32% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.
half
32% in common
Only in one fund ↓
Side by side
As of Oct 27, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | BALI | JEPI | BALI | JEPI | BALI | JEPI |
| 3 months | +4.5% | +1.5% | 1.7% | 1.9% | +0.3 pts | −2.7 pts |
| 6 months | +10.1% | +4.3% | 3.9% | 4.0% | +1.4 pts | −4.4 pts |
| 1 year | +17.5% | +7.6% | 8.4% | 7.9% | +4.0 pts | −5.9 pts |
| 3 years | +84.6% | +40.9% | 30.9% | 26.3% | −9.7 pts | −53.4 pts |
| Since launchNot the same days: BALI Sep 2023 · JEPI May 2020 | +78.4% | +97.2% | 29.9% | 61.5% | −7.8 pts | −88.2 pts |
BALI and JEPI are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 32% of the weight is in the same securities (holdings dated Oct 26, 2026).
- One-year total return. Over 1 year to Oct 27, 2026 BALI returned +17.5% and JEPI +7.6% with distributions reinvested, a gap of 9.9 points.
- Size. BALI has $1.6bn in net assets and JEPI $45.8bn (net assets, as of Oct 26, 2026); JEPI is 28.6 times larger.
Data as of Oct 27, 2026.
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BALI
Over the year to Oct 27, 2026, BALI paid 8.4% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.5%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was ahead by 4.0 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 6.1%, paid monthly. iShares estimates that 0% of the distribution paid Oct 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
JEPI
Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BALI against JEPI, data as of Oct 27, 2026. https://etfiq.com/compare/income/bali-vs-jepi
ETFIQ. (Oct 27, 2026). BALI against JEPI. Retrieved from https://etfiq.com/compare/income/bali-vs-jepi
[BALI against JEPI (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/income/bali-vs-jepi)
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