JEPI vs XLF
JPMorgan Equity Premium Income ETF vs State Street Financial Select Sector SPDR ETF
Which is better, JEPI or XLF?
Each has led over a different period.
XLF has a lower expense ratio. JEPI led over 1Y, XLF over 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 | XLF |
|---|---|---|
| Expense Ratio | 0.35% | 0.08%Best |
| AUM | $45.7B | $51.8B |
| Dividend Yield | 8.16% | 1.55% |
| Holdings | 271 | 160 |
| YTD Return | +5.87%Best | +1.85% |
| 1Y Return | +8.86%Best | +5.45% |
| 3Y Return (annualized) | +10.37% | +19.95%Best |
| 5Y Return (annualized) | +7.55% | +8.80%Best |
| Volatility (annualized) | 9.9%Best | 18.4% |
| Max Drawdown | -13.7%Best | -25.8% |
| $10,000 over 5 years | $14,390 | $15,246Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 20, 2020 | Dec 16, 1998 |
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 15, 2026 (6.4 years).
JEPI vs XLF 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 XLF Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and State Street Financial Select Sector SPDR ETF (XLF) is an ETF from State Street Investment Management. Over the past year JEPI returned +8.86% while XLF returned +5.45%. Year to date, JEPI is up 5.87% versus a gain of 1.85% for XLF.
Over three years, JEPI compounded at +10.37% per year against +19.95% for XLF; over five years the annualized figures are +7.55% and +8.80% respectively. Across the full 6-year window we track, XLF has the edge at +17.27% annualized vs +10.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLF has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -25.8% for XLF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while XLF charges 0.08%. On a $10,000 position that is $35 vs $8 annually, a gap of $27 per year that compounds over a long holding period. On income, JEPI currently yields 8.16% against 1.55% for XLF.
Holdings Overlap
At least 44.9% of XLF'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.
14 positions in common, counted across the 121 positions we hold weights for in JEPI and 77 in XLF, against full books of 271 and 160.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in XLF | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 0.23% | 11.59% | 11.36% |
| VVisa Inc Class A | 1.69% | 7.62% | 5.93% |
| MAMastercard Inc | 1.77% | 5.69% | 3.92% |
| BACBank Of America Corp | 0.14% | 5.07% | 4.93% |
| CCitigroup Inc. | 1.05% | 2.93% | 1.88% |
| PGRProgressive Corporation | 0.94% | 1.58% | 0.64% |
| AXPAmerican Express Co. | 0.27% | 2.14% | 1.87% |
| SCHWSchwab Strategic T | 0.14% | 2.17% | 2.03% |
| CBChubb Ltd Common Stock Usd 24.15 | 0.71% | 1.51% | 0.80% |
| SPGIS&p Global Inc. | 0.46% | 1.54% | 1.08% |
44.9% of XLF 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 XLF?
JEPI has an expense ratio of 0.35% while XLF charges 0.08%. XLF is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, JEPI or XLF?
Over the past year JEPI returned +8.86% vs +5.45% for XLF, so JEPI leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +10.05% vs +17.27% for XLF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or XLF?
XLF has been the more volatile fund at 18.4% annualized versus 9.9% for JEPI. Worst drawdown: JEPI -13.7% vs XLF -25.8%.
Should I hold both JEPI and XLF?
JEPI and XLF have a monthly-return correlation of 0.75, 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 XLF?
At least 44.9% of XLF'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 121 positions we hold weights for in JEPI and 77 in XLF.
Which pays a higher dividend, JEPI or XLF?
JEPI yields 8.16% while XLF yields 1.55%, so JEPI currently pays the higher dividend yield.
Is XLF better than JEPI?
XLF has a lower expense ratio. JEPI led over 1Y, XLF over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.