JEPI — JPMorgan Equity Premium Income ETF

JEPI Price Performance — Growth of $10,000

Value of a $10,000 investment in JEPI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

JEPI Drawdown

The "underwater" chart: JEPI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The JPMorgan Equity Premium Income ETF, identified by the ticker JEPI, operates within the Covered Call / Income category managed by issuer JPMorgan. With assets under management totaling $44.7 billion, the fund has achieved significant scale relative to the 10 other ETFs tracked in its specific category. It currently holds an overall rank of #230 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 60.8 out of 100. The fund charges an expense ratio of 0.35% while offering a dividend yield of 8.11%, suggesting a focus on income generation for investors. Its current share price stands at $57.48, reflecting the market's valuation of its income profile and underlying strategy. The substantial AUM indicates strong investor adoption, positioning it as a major player within the covered call landscape despite its mid-tier overall ranking.

Short-term performance data shows the fund gaining +0.68% over one day and +1.52% over one week, followed by a +3.06% increase over the past month. The three-month return of +2.96% indicates a slight deceleration compared to the one-month figure, while the six-month return of +2.16% suggests a continued moderation in growth momentum. Year-to-date returns have reached +4.46%, and the one-year return stands at +8.63%, showing positive performance over the annual horizon. Over a longer three-year period, the fund has accumulated a total return of +30.85%, demonstrating sustained growth despite the recent deceleration in shorter timeframes. This pattern illustrates a trajectory where recent monthly gains have been lower than the broader one-year and three-year averages.

The fund is classified with a Low volatility label and carries a beta of 0.43, indicating that its price movements are historically less sensitive to market fluctuations than the broader market. A Sharpe ratio of 0.45 suggests the fund generates a moderate amount of excess return for each unit of risk taken compared to a risk-free asset. The maximum drawdown recorded for the ETF is -13.26%, which represents the largest peak-to-trough decline experienced by the fund. This combination of low beta and a defined maximum drawdown implies that the strategy has provided a buffer against severe market declines while maintaining a lower volatility profile. The data points to a fund structure that prioritizes capital preservation and income stability over aggressive growth during volatile market conditions.

AI-generated summary based on the data on this page.

JEPI Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how JEPI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With JEPI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with JEPI's top 10 — VTV overlaps most, holding 3 of the same companies as JEPI's top 10 (4.7% of JEPI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

JEPI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 5.4M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $44.7B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: JEPI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

JEPI Performance History

How JEPI Compares to Other Covered Call / Income ETFs