BALI and JEPI are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers ~8% yield with a focus on cost-conscious investor seeking passive s&p 500 covered call exposure, while JEPI provides ~8.3% yield targeting income investor seeking stability and downside protection over maximum yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
iShares S&P 500 BuyWrite ETF
6.8
Overall Score
JPMorgan Equity Premium Income ETF
6.3
Overall Score
| Criteria | BALI | JEPI |
|---|---|---|
| Overall Score | 6.8 6.3 | |
| Total Return (25%) | 8.7 4.8 | |
| Downside Protection (25%) | 4.0 8.1 | |
| Upside Participation (25%) | 8.7 5.9 | |
| Consistency (15%) | 4.8 5.1 | |
| Expense Ratio (5%) | 9.4 8.1 | |
| Liquidity (5%) | 4.9 8.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | JEPI |
|---|---|---|
| Expense Ratio | 0.250% | 0.350% |
| Inception Date | Oct 18, 2022 | May 20, 2020 |
| Issuer | BlackRock | JPMorgan |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 stars |
The cheapest S&P 500 covered call ETF — but 2-star maturity and very low downside protection are concerns
Investor Profile:
Cost-conscious investor seeking passive S&P 500 covered call exposure
The reference standard of the sector — not the highest performer but the most resilient
Investor Profile:
Income investor seeking stability and downside protection over maximum yield
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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