JEPI — JPMorgan Equity Premium Income ETF

Overview

The JPMorgan Equity Premium Income ETF (JEPI) operates within the Covered Call / Income category, which currently contains four funds tracked by ETFValuer. Issued by JPMorgan, this fund has accumulated assets under management of $44.7 billion, reflecting significant investor adoption relative to its peers. It holds an overall rank of #76 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 58.0 out of 100. The fund charges an expense ratio of 0.35% while offering a dividend yield of 8.11%, indicating a focus on income generation. With a current share price of $56.52, the substantial asset base suggests strong market presence despite the moderate overall ranking. The combination of high yield and large assets positions the fund as a prominent option within its specific income-focused niche.

Recent price action shows a decline of 0.60% over the last day, followed by a recovery to a 0.76% gain over the past week. Monthly performance has accelerated to a 2.50% return, while the three-month period shows a deceleration to 1.48%. Over the six-month horizon, returns increased slightly to 1.74%, and year-to-date gains stand at 2.01%. The one-year return reached 7.21%, which is notably lower than the 22.08% return of peer QYLD and the 16.44% return of peer XYLD. Extending the view to a three-year period, the fund has generated a cumulative return of 28.86%. This trajectory illustrates a pattern where short-term fluctuations have been followed by steady, albeit modest, long-term accumulation.

The fund carries a Low volatility label and a beta of 0.43, suggesting it experiences significantly less price movement than the broader market. A Sharpe ratio of 0.27 indicates that the risk-adjusted returns have been relatively modest over the measured period. The maximum drawdown recorded is -13.26%, which represents the largest peak-to-trough decline during the history tracked. This combination of low beta and low volatility implies the fund tends to move less aggressively during market upswings while also cushioning some downside pressure. However, the modest Sharpe ratio suggests that the income generated does not fully compensate for the risks taken relative to the return achieved. The maximum drawdown figure confirms that while volatility is suppressed, the fund is still subject to meaningful declines during adverse 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.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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 Performance History

How JEPI Compares to Other Covered Call / Income ETFs