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
$ 44.4 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 | 1.8 % |
| AMAZON.COM INC | 1.7 % |
| ROSS STORES INC | 1.7 % |
| BROADCOM INC. | 1.7 % |
| NEXTERA ENERGY GROUP | 1.7 % |
| EATON CORP PLC | 1.7 % |
| TRANE TECHNOLOGIES PLC | 1.6 % |
| EOG RESOURCES, INC. | 1.6 % |
| HOWMET AEROSPACE INC. | 1.6 % |
| NVIDIA CORP | 1.6 % |
Constituent Breakdown
| Number of holdings | 122 |
| Herfindahl-Hirschman Index | 97 |
| 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. | 86.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 80.6 % |
 |
IRELAND | 5.2 % |
 |
NETHERLANDS | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.1% | -0.1% | -0.7% | 1.2% | -1.3% | -- | -- | 1.9% |
| Dividend Yield | 2.7% | 8.6% | 8.3% | 8.3% | 8.8% | -- | -- | 9.0% |
| Total Returns | 0.6% | 8.5% | 7.6% | 9.5% | 7.5% | -- | -- | 10.9% | Ann. Volatility | 9.2% | 7.9% | 11.2% | 10.0% | 11.1% | -- | -- | 10.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.49 | 55% |
| MSCI EAFE | 0.37 | 50% |
| MSCI Emg Mkts | 0.21 | 29% |
Liquidity Measures
| Avg. volume (000) | 5,525 |
| ADV traded (mns) | $310 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $55.77 |
| Relative strength (RSI) | 51 |
| MACD/Signal | -0.08/-0.13 |
| Bollinger Bands (Upper/Lower) | $56.09/$55.22 |
| 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 | 48.4% | +14 bp | -0.4% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 39.0% | -10 bp | +0.0% |
| QUS | State Street SPDR MSCI USA StrategicFactors ETF | 38.5% | -20 bp | -0.1% |
| JAVA | JPMorgan Active Value ETF | 38.1% | +9 bp | +0.2% |
| JGLO | JPMorgan Global Select Equity ETF | 37.6% | -2 bp | -0.9% |
| DSPY | Tema S&P 500 Historical Weight ETF | 36.3% | -17 bp | -0.9% |
| EQL | Alps Equal Sector Weight ETF | 36.2% | -10 bp | -0.2% |
| TOPC | iShares S&P 500 3% Capped ETF | 35.9% | -20 bp | -0.9% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 34.9% | -7 bp | +0.2% |
| KLMN | Invesco MSCI North America Climate ETF | 34.8% | -26 bp | -0.9% |
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 6/21/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
5.8%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,398 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. JEPI's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places JEPI in the 59th percentile
among funds in the category.
Sell-Side Consensus
$64.94
PRICE TARGET
+15.8%
UPSIDE