BOE vs JEPI
BlackRock Enhanced Global Dividend Trust vs JPMorgan Equity Premium Income ETF
Which is better, BOE or JEPI?
Each has led over a different period.
JEPI has a lower expense ratio. BOE led over 1Y, 3Y and the full window, JEPI over 5Y.
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 | BOE | JEPI |
|---|---|---|
| Expense Ratio | 0.90% | 0.35%Best |
| AUM | $737M | $45.7B |
| Dividend Yield | 7.52% | 8.16% |
| Holdings | 169 | 271 |
| YTD Return | +4.82% | +5.33%Best |
| 1Y Return | +9.32%Best | +8.29% |
| 3Y Return (annualized) | +16.03%Best | +10.19% |
| 5Y Return (annualized) | +7.46% | +7.54%Best |
| Volatility (annualized) | 15.1% | 9.9%Best |
| Max Drawdown | -26.1% | -13.7%Best |
| $10,000 over 5 years | $14,330 | $14,383Best |
| Fund Family | BlackRock, Inc. (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 26, 2005 | May 20, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 21, 2020 to Oct 14, 2026 (6.4 years).
BOE vs JEPI 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 6.4 years both funds cover.
BOE vs JEPI Performance
BlackRock Enhanced Global Dividend Trust (BOE) is an ETF from BlackRock, Inc. (US) and JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management. Over the past year BOE returned +9.32% while JEPI returned +8.29%. Year to date, BOE is up 4.82% versus a gain of 5.33% for JEPI.
Over three years, BOE compounded at +16.03% per year against +10.19% for JEPI; over five years the annualized figures are +7.46% and +7.54% respectively. Across the full 6-year window we track, BOE has the edge at +11.41% annualized vs +9.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOE has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.9% 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 -26.1% for BOE and -13.7% for JEPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOE charges 0.90% per year while JEPI charges 0.35%. On a $10,000 position that is $90 vs $35 annually, a gap of $55 per year that compounds over a long holding period. On income, BOE currently yields 7.52% against 8.16% for JEPI.
Holdings Overlap
At least 36.3% of BOE's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.7% 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.
The two holdings books were reported 98 days apart, BOE as of Jun 30, 2026 and JEPI as of Oct 6, 2026, so some of the difference between them is the time between the two reports rather than the funds.
14 positions in common, counted across the 51 positions we hold weights for in BOE and 121 in JEPI, against full books of 169 and 271.
Top Shared Holdings
| Stock | Weight in BOE | Weight in JEPI | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc | 4.69% | 1.76% | 2.93% |
| NVDANvidia Corp | 4.41% | 2.01% | 2.40% |
| MSFTMicrosoft Corp | 3.40% | 2.07% | 1.33% |
| AAPLApple, Inc | 3.17% | 1.91% | 1.26% |
| AVGOBroadcom Inc | 3.16% | 1.74% | 1.42% |
| JNJJohnson & Johnson - Common | 2.45% | 1.70% | 0.75% |
| METAMeta Platforms Inc | 1.50% | 1.90% | 0.40% |
| PGRProgressive Corporation | 1.99% | 0.94% | 1.05% |
| KOCoca Cola Co. | 2.47% | 0.37% | 2.10% |
| PGProcter & Gamble Company | 1.88% | 0.64% | 1.24% |
36.3% of BOE 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, BOE or JEPI?
BOE has an expense ratio of 0.90% while JEPI charges 0.35%. JEPI is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, BOE or JEPI?
Over the past year BOE returned +9.32% vs +8.29% for JEPI, so BOE leads on 1-year performance. Over the longest common window we track (6 years), BOE annualized +11.41% vs +9.97% for JEPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BOE or JEPI?
BOE has been the more volatile fund at 15.1% annualized versus 9.9% for JEPI. Worst drawdown: BOE -26.1% vs JEPI -13.7%.
Should I hold both BOE and JEPI?
BOE and JEPI have a monthly-return correlation of 0.84, 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 BOE and JEPI?
At least 36.3% of BOE's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 14 positions in common, counted across the 51 positions we hold weights for in BOE and 121 in JEPI.
Which pays a higher dividend, BOE or JEPI?
BOE yields 7.52% while JEPI yields 8.16%, so JEPI currently pays the higher dividend yield.
Is JEPI better than BOE?
JEPI has a lower expense ratio. BOE led over 1Y, 3Y and the full window, JEPI over 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.