JEPI vs SSPY
JPMorgan Equity Premium Income ETF vs Stratified LargeCap Index ETF
Which is better, JEPI or SSPY?
SSPY has been ahead.
JEPI has a lower expense ratio. SSPY 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 | SSPY |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.45% |
| AUM | $45.7B | $129M |
| Dividend Yield | 8.16% | 1.25% |
| Holdings | 271 | 1,013 |
| YTD Return | +5.33% | +12.63%Best |
| 1Y Return | +8.29% | +15.52%Best |
| 3Y Return (annualized) | +10.19% | +15.71%Best |
| 5Y Return (annualized) | +7.54% | +8.93%Best |
| Volatility (annualized) | 9.9%Best | 15.1% |
| Max Drawdown | -13.7%Best | -19.6% |
| $10,000 over 5 years | $14,383 | $15,337Best |
| Fund Family | J.P. Morgan Asset Management | Syntax Stratified |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 20, 2020 | Jan 2, 2019 |
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).
JEPI vs SSPY 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.
JEPI vs SSPY Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and Stratified LargeCap Index ETF (SSPY) is an ETF from Syntax Stratified. Over the past year JEPI returned +8.29% while SSPY returned +15.52%. Year to date, JEPI is up 5.33% versus a gain of 12.63% for SSPY.
Over three years, JEPI compounded at +10.19% per year against +15.71% for SSPY; over five years the annualized figures are +7.54% and +8.93% respectively. Across the full 6-year window we track, SSPY has the edge at +15.04% annualized vs +9.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SSPY 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 -13.7% for JEPI and -19.6% for SSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while SSPY charges 0.45%. On a $10,000 position that is $35 vs $45 annually, a gap of $10 per year that compounds over a long holding period. On income, JEPI currently yields 8.16% against 1.25% for SSPY.
Holdings Overlap
At least 25.3% of SSPY'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.
SSPY and JEPI share little of their money.
112 positions in common, counted across the 121 positions we hold weights for in JEPI and 504 in SSPY, against full books of 271 and 1,013.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in SSPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp_None_0 | 2.07% | 1.29% | 0.78% |
| METAMeta Platforms, Inc. | 1.90% | 0.78% | 1.12% |
| AAPLApple Inc | 1.91% | 0.58% | 1.33% |
| AMZNAmazon.Com Inc | 1.88% | 0.26% | 1.62% |
| NVDANvidia Corp. | 2.01% | 0.12% | 1.89% |
| GOOGLAlphabet Inc-cl A | 1.76% | 0.32% | 1.44% |
| AVGOBroadcom Inc | 1.74% | 0.32% | 1.42% |
| ABBVAbbvie Inc. | 1.71% | 0.29% | 1.42% |
| JNJJohnson & Johnson - Common | 1.70% | 0.30% | 1.40% |
| ROSTRoss Stores, Inc. | 1.27% | 0.73% | 0.54% |
25.3% of SSPY 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 SSPY?
JEPI has an expense ratio of 0.35% while SSPY charges 0.45%. JEPI is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, JEPI or SSPY?
Over the past year JEPI returned +8.29% vs +15.52% for SSPY, so SSPY leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +9.97% vs +15.04% for SSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or SSPY?
SSPY has been the more volatile fund at 15.1% annualized versus 9.9% for JEPI. Worst drawdown: JEPI -13.7% vs SSPY -19.6%.
Should I hold both JEPI and SSPY?
JEPI and SSPY have a monthly-return correlation of 0.89, 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 SSPY?
At least 25.3% of SSPY's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 112 positions in common, counted across the 121 positions we hold weights for in JEPI and 504 in SSPY.
Which pays a higher dividend, JEPI or SSPY?
JEPI yields 8.16% while SSPY yields 1.25%, so JEPI currently pays the higher dividend yield.
Is SSPY better than JEPI?
JEPI has a lower expense ratio. SSPY 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.