JEPI vs XYLD
JPMorgan Equity Premium Income ETF vs Global X S&P 500 Covered Call ETF
Quick Verdict
JEPI has a lower expense ratio. XYLD delivered stronger 1-year returns. XYLD offers more diversification with 507 holdings.
Side-by-Side Comparison
| Metric | JEPI | XYLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.60% | |
| AUM | $46.1B | $3.3B | |
| Dividend Yield | 7.99% | 10.53% | |
| Holdings | 124 | 507 | |
| YTD Return | +5.94% | +9.04% | |
| 1Y Return | +10.31% | +19.47% | |
| 3Y Return (annualized) | +10.47% | +12.72% | |
| 5Y Return (annualized) | +7.34% | +7.54% | |
| Volatility (annualized) | 10.0% | 11.2% | |
| Max Drawdown | -13.7% | -34.7% | |
| Fund Family | J.P. Morgan Asset Management | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | May 20, 2020 | Jun 21, 2013 |
JEPI vs XYLD Performance
JPMorgan Equity Premium Income ETF (JEPI) is a ETF from J.P. Morgan Asset Management and Global X S&P 500 Covered Call ETF (XYLD) is a ETF from Global X by mirae Asset. Over the past year JEPI returned +10.31% while XYLD returned +19.47%. Year to date, JEPI is up 5.94% versus a gain of 9.04% for XYLD.
Over three years, JEPI compounded at +10.47% per year against +12.72% for XYLD; over five years the annualized figures are +7.34% and +7.54% respectively. Across the full 6-year window we track, JEPI has the edge at +10.32% annualized vs +4.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XYLD has been the more volatile fund, with annualized monthly volatility of 11.2% compared with 10.0% for JEPI. 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 -34.7% for XYLD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 10.53% for XYLD.
Holdings Overlap
JEPI and XYLD share 103 holdings out of 496 unique holdings combined, representing a 33.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $25 per year of difference.
Which performed better, JEPI or XYLD?
Over the past year JEPI returned +10.31% vs +19.47% for XYLD, so XYLD leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +10.32% vs +4.96% for XYLD. Past performance does not guarantee future results.
Which is riskier, JEPI or XYLD?
XYLD has been the more volatile fund at 11.2% annualized versus 10.0% for JEPI. Worst drawdown: JEPI -13.7% vs XYLD -34.7%.
Should I hold both JEPI and XYLD?
JEPI and XYLD have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JEPI and XYLD?
JEPI and XYLD share 103 common holdings with a 33.4% weight overlap. Combined, they hold 496 unique securities.
Which pays a higher dividend, JEPI or XYLD?
JEPI yields 7.99% while XYLD yields 10.53%, so XYLD currently pays the higher dividend yield.
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