JEPI vs OAKM
JPMorgan Equity Premium Income ETF vs Oakmark US Large Cap ETF
Which is better, JEPI or OAKM?
OAKM has been ahead.
JEPI has a lower expense ratio. OAKM led over 1Y 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 | OAKM |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.59% |
| AUM | $45.7B | $1.1B |
| Dividend Yield | 8.16% | 0.65% |
| Holdings | 271 | 41 |
| YTD Return | +5.33% | +6.05%Best |
| 1Y Return | +8.29% | +14.80%Best |
| 3Y Return (annualized) | +10.19% | - |
| 5Y Return (annualized) | +7.54% | - |
| Volatility (annualized) | 7.3%Best | 12.2% |
| Max Drawdown | -13.3%Best | -15.2% |
| $10,000 over 1.9 years | $11,013 | $12,344Best |
| Fund Family | J.P. Morgan Asset Management | Oakmark Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 20, 2020 | Dec 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 3, 2024 to Oct 14, 2026 (1.9 years).
JEPI vs OAKM 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 1.9 years both funds cover.
JEPI vs OAKM Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds. Over the past year JEPI returned +8.29% while OAKM returned +14.80%. Year to date, JEPI is up 5.33% versus a gain of 6.05% for OAKM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OAKM has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 7.3% 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 -13.3% for JEPI and -15.2% for OAKM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while OAKM charges 0.59%. On a $10,000 position that is $35 vs $59 annually, a gap of $24 per year that compounds over a long holding period. On income, JEPI currently yields 8.16% against 0.65% for OAKM.
Holdings Overlap
At least 30.8% of OAKM'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.
12 positions in common, counted across the 121 positions we hold weights for in JEPI and 39 in OAKM, against full books of 271 and 41.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in OAKM | Difference |
|---|---|---|---|
| CCitigroup Inc. | 1.05% | 3.67% | 2.62% |
| METAMeta Platforms Inc | 1.90% | 2.43% | 0.53% |
| MRKMerck & Company Inc | 0.45% | 3.49% | 3.04% |
| COPConocophillips Common Stock USD 0.01 | 0.79% | 3.04% | 2.25% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 0.29% | 3.53% | 3.24% |
| AMZNAmazon.Com Inc | 1.88% | 1.61% | 0.27% |
| BACBank of America Corp.: Financials | 0.14% | 3.07% | 2.93% |
| NFLXNetflix, Inc. | 0.85% | 2.29% | 1.44% |
| SCHWSchwab Strategic T | 0.14% | 2.95% | 2.81% |
| UNPUnion Pacific Corp | 0.30% | 2.76% | 2.46% |
30.8% of OAKM 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 OAKM?
JEPI has an expense ratio of 0.35% while OAKM charges 0.59%. JEPI is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, JEPI or OAKM?
Over the past year JEPI returned +8.29% vs +14.80% for OAKM, so OAKM leads on 1-year performance. Over the longest common window we track (2 years), JEPI annualized +5.21% vs +11.72% for OAKM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or OAKM?
OAKM has been the more volatile fund at 12.2% annualized versus 7.3% for JEPI. Worst drawdown: JEPI -13.3% vs OAKM -15.2%.
Should I hold both JEPI and OAKM?
JEPI and OAKM have a monthly-return correlation of 0.72, 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 OAKM?
At least 30.8% of OAKM's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 12 positions in common, counted across the 121 positions we hold weights for in JEPI and 39 in OAKM.
Which pays a higher dividend, JEPI or OAKM?
JEPI yields 8.16% while OAKM yields 0.65%, so JEPI currently pays the higher dividend yield.
Is OAKM better than JEPI?
JEPI has a lower expense ratio. OAKM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.