JPMorgan Equity Premium Income ETF (JEPI) Performance
JEPI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.4% since Dec 31, 2025
- 1 year
- +7.2% total return
- 5 years
- +7.2% a year
- Since first price
- +11.1% a year since 2020
JEPI trailing returns vs SPY, QQQ, AGG
| Period | JEPI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +0.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.8% | −1.3% | +7.8% | +8.4% | −1.5% |
| YTD | +5.4% | −0.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.2% | −1.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +37.4%+11.2%/yr | +8.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +41.3%+7.2%/yr | −8.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 21, 2020 | +96.1%+11.1%/yr | +13.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JEPI vs SPY
From May 21, 2020: JEPI grew to $19,608, SPY to $28,179.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JEPI returns by calendar year
4 of 5 full years positive. Best 2021 (+21.5%), worst 2022 (−3.5%). 2026 is year to date.
JEPI annual returns table
| Year | JEPI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.4% | −6.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.1% | −13.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.6% | −4.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.8% | −6.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −3.5% | −13.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.5% | −4.5% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JEPI largest drawdowns
Now 1.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 20, 2022 | −13.7% | Sep 30, 2022 | Jun 15, 2023 | 5 months | 1.2 years |
| Feb 20, 2025 | −13.3% | Apr 8, 2025 | Aug 22, 2025 | 47 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JEPI risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +10.0% | +7.8% | +10.5% |
| Volatility (annualized) | 7.8% | 10.0% | 10.1% |
| Sharpe ratio | 0.71 | 0.44 | 0.76 |
| Sortino ratio | 1.03 | 0.67 | 1.26 |
| Best month | +4.7% | +7.5% | +7.5% |
| Worst month | −4.8% | −6.3% | −6.3% |
| Best 12 months | +20.2% | +20.2% | +30.0% |
| Worst 12 months | +3.4% | −5.4% | −5.4% |
| Positive months | 75% | 65% | 66% |
| Beta vs S&P 500 | 0.43 | 0.53 | — |
| Correlation with S&P 500 | 0.68 | 0.83 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JEPI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 66 | −5.4% | +8.9% | +30.0% | 91% |
| 3-year (a year) | 42 | +6.1% | +9.5% | +12.9% | 100% |
| 5-year (a year) | 18 | +7.2% | +9.7% | +11.6% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
JEPI performance overview
JPMorgan Equity Premium Income ETF (JEPI) returned +7.2% over the past year and +7.2% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +11.1% a year, turning $10,000 into about $19,608. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.7%, from Apr 20, 2022 to Sep 30, 2022, and it took 8 months to get back to the old high. JEPI finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+21.5%) and the worst 2022 (−3.5%). Volatility has been 10.1% a year.
Related: JEPI chart, JEPI holdings, JEPI dividends, JEPI valuation. See the JEPI overview for the latest quote and fund facts.
JEPI performance FAQ
What is the JEPI return over the past year?
JEPI returned +7.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.1%.
What is the average annual return of JEPI?
JEPI has returned +7.2% a year over 5 years, +11.1% a year since May 21, 2020 (total return, distributions reinvested).
How much would $10,000 invested in JEPI be worth?
$10,000 invested in JEPI at its first recorded close on May 21, 2020 would be worth about $19,608 on October 23, 2026 with distributions reinvested.
What was the worst year for JEPI?
The worst calendar year was 2022, with a total return of −3.5%. The best was 2021 at +21.5%.
What is the biggest drawdown of JEPI?
The largest peak-to-trough decline was −13.7% between April 20, 2022 and September 30, 2022. It recovered to the old high on June 15, 2023, 8 months after the bottom.
How volatile is JEPI?
Over the past 3 years JEPI had an annualized volatility of 7.8% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).