JEPI
JPMorgan Equity Premium Income ETF
JEPI is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income.
US
EQUITY
Active
MANAGEMENT STYLE
$ 42.3 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | May 20, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALPHABET INC. CLASS A | 1.7 % |
| JOHNSON & JOHNSON | 1.6 % |
| ABBVIE INC | 1.6 % |
| AMAZON.COM INC | 1.5 % |
| MASTERCARD INCORPORATED CLASS A | 1.5 % |
| ANALOG DEVICES INC | 1.5 % |
| ROSS STORES INC | 1.5 % |
| MICROSOFT CORP | 1.5 % |
| VISA INC. CLASS A | 1.5 % |
| NVIDIA CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 125 |
| Herfindahl-Hirschman Index | 89 |
| Wgt avg mkt cap (mns) | $461,357 |
| Large cap (>$10bn) | 84.1% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 84.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 77.6 % |
 |
IRELAND | 4.7 % |
 |
SWITZERLAND | 0.7 % |
 |
NETHERLANDS | 0.7 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.0% | -0.8% | -1.0% | 1.3% | -0.5% | -- | -- | 2.2% |
| Dividend Yield | 1.2% | 8.7% | 8.1% | 8.3% | 8.8% | -- | -- | 9.0% |
| Total Returns | 0.2% | 7.8% | 7.1% | 9.6% | 8.3% | -- | -- | 11.2% | Ann. Volatility | 10.3% | 13.3% | 11.3% | 10.1% | 11.1% | -- | -- | 10.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 84% |
| MSCI EAFE | 0.62 | 69% |
| MSCI Emg Mkts | 0.46 | 49% |
Liquidity Measures
| Avg. volume (000) | 5,176 |
| ADV traded (mns) | $299 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $56.94 |
| Relative strength (RSI) | 53 |
| MACD/Signal | -0.04/-0.29 |
| Bollinger Bands (Upper/Lower) | $57.90/$55.04 |
| Short interest (% of AUM) | 1.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JEPI |
Expenses vs. JEPI |
ALTAR Score™ vs. JEPI |
|---|---|---|---|---|
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 47.8% | +14 bp | +0.2% |
| LCDS | JPMorgan Fundamental Data Science Large Core ETF | 41.9% | -5 bp | -0.6% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 39.7% | -10 bp | +0.6% |
| JGLO | JPMorgan Global Select Equity ETF | 36.9% | -2 bp | -0.6% |
| FDLO | Fidelity Low Volatility Factor ETF | 36.8% | -20 bp | 0.0% |
| DSPY | Tema S&P 500 Historical Weight ETF | 36.7% | -17 bp | -0.4% |
| QUS | State Street SPDR MSCI USA StrategicFactors ETF | 36.5% | -20 bp | +0.2% |
| TOPC | iShares S&P 500 3% Capped ETF | 36.1% | -20 bp | -0.4% |
| JAVA | JPMorgan Active Value ETF | 35.9% | +9 bp | +0.7% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 34.7% | -27 bp | -0.4% |
Risk and Returns: JEPI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/18/2026
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.5%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,200 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. JEPI's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places JEPI in the 50th percentile
among funds in the category.
Sell-Side Consensus
$68.25
PRICE TARGET
+18.1%
UPSIDE