JEPI vs XYLD
JPMorgan Equity Premium Income ETF vs Global X S&P 500 Covered Call ETF
Which is better, JEPI or XYLD?
Large Cap Value against Multi Alternative.
JEPI has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JEPI | XYLD |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.60% |
| AUM | $46.3B | $3.3B |
| Dividend Yield | 7.99% | 10.44% |
| Holdings | 127 | 507 |
| YTD Return | +4.29% | +9.81%Best |
| 1Y Return | +7.20% | +17.92%Best |
| 3Y Return (annualized) | +9.23% | +12.47%Best |
| 5Y Return (annualized) | +7.25% | +7.61%Best |
| Volatility (annualized) | 9.9% | 9.1%Best |
| Max Drawdown | -13.7%Best | -18.7% |
| $10,000 over 5 years | $14,190 | $14,430Best |
| Fund Family | J.P. Morgan Asset Management | Global X by mirae Asset |
| Category | Equity | Alternative |
| Style | Large Cap Value | Multi Alternative |
| Inception | May 20, 2020 | Jun 21, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 21, 2020 to Sep 11, 2026 (6.3 years).
JEPI vs XYLD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.3 years both funds cover.
JEPI vs XYLD Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset. Over the past year JEPI returned +7.20% while XYLD returned +17.92%. Year to date, JEPI is up 4.29% versus a gain of 9.81% for XYLD.
Over three years, JEPI compounded at +9.23% per year against +12.47% for XYLD; over five years the annualized figures are +7.25% and +7.61% respectively. Across the full 6-year window we track, XYLD has the edge at +9.97% annualized vs +9.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JEPI has been the more volatile fund, with annualized monthly volatility of 9.9% compared with 9.1% for XYLD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.7% for JEPI and -18.7% for XYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while XYLD charges 0.60%. On a $10,000 position that is $35 vs $60 annually, a gap of $25 per year that compounds over a long holding period. On income, JEPI currently yields 7.99% against 10.44% for XYLD.
Holdings Overlap
At least 65.0% of XYLD's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
111 positions in common, counted across the 118 positions we hold weights for in JEPI and 490 in XYLD, against full books of 127 and 507.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in XYLD | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 1.81% | 8.01% | 6.20% |
| AAPLApple, Inc | 1.70% | 7.09% | 5.39% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.97% | 5.71% | 3.74% |
| AMZNAmazon.Com Inc | 2.03% | 4.24% | 2.21% |
| GOOGLAlphabet A Usd 0.001 | 1.79% | 3.45% | 1.66% |
| AVGOBroadcom Inc | 1.72% | 3.09% | 1.37% |
| METAMeta Platforms, Inc. | 1.46% | 2.01% | 0.55% |
| JNJJohnson & Johnson | 1.74% | 0.96% | 0.78% |
| MAMastercard Inc | 1.75% | 0.71% | 1.04% |
| LLYEli Lilly & Co. | 1.04% | 1.38% | 0.34% |
65.0% of XYLD is already inside JEPI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JEPI or XYLD?
JEPI has an expense ratio of 0.35% while XYLD charges 0.60%. JEPI is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, JEPI or XYLD?
Over the past year JEPI returned +7.20% vs +17.92% for XYLD, so XYLD leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +9.95% vs +9.97% for XYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or XYLD?
JEPI has been the more volatile fund at 9.9% annualized versus 9.1% for XYLD. Worst drawdown: JEPI -13.7% vs XYLD -18.7%.
Should I hold both JEPI and XYLD?
JEPI and XYLD have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JEPI and XYLD?
At least 65.0% of XYLD's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 111 positions in common, counted across the 118 positions we hold weights for in JEPI and 490 in XYLD.
Which pays a higher dividend, JEPI or XYLD?
JEPI yields 7.99% while XYLD yields 10.44%, so XYLD currently pays the higher dividend yield.
Is XYLD better than JEPI?
JEPI has a lower expense ratio. XYLD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.