BALI and JEPI are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while JEPI provides a 8.20% 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 U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
JPMorgan Equity Premium Income ETF
6.90
Overall Score
| Criteria | BALI | JEPI |
|---|---|---|
| Overall Score | 7.26 6.90 | |
| Total Return (25%) | 9.07 5.05 | |
| Downside Protection (25%) | 3.93 8.27 | |
| Upside Participation (25%) | 8.88 6.00 | |
| Consistency (15%) | 7.19 8.12 | |
| Expense Ratio (5%) | 9.38 8.12 | |
| Liquidity (5%) | 4.90 8.89 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | JEPI |
|---|---|---|
| Expense Ratio | 0.350% | 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 |
Keeps 89% of S&P 500 upside for a 7.8% yield, but with 36 months of history and 80% down capture the downside protection is modest.
Investor Profile:
BALI is an actively managed BlackRock fund run by its Systematic Active Equity team (Robert Fisher, Travis Cooke, Raffaele Savi). It holds about 203 large-cap U.S. stocks, with technology at 36.8% of assets. It sells call options on a large-cap equity index to collect premium and pays monthly. Its benchmark is the S&P 500.
Cut volatility by a third (10.0% vs 15.7%) and the 2022 loss to -3.5%, but captured only 60% of S&P 500 upside, so five-year return is half of SPY's.
Investor Profile:
JEPI is an actively managed JPMorgan fund that holds a low-volatility basket of about 142 large-cap U.S. stocks. It earns option income through equity-linked notes (ELNs) on the S&P 500, about 15% of the portfolio against a 20% regulatory cap. The ELNs are unsecured bank obligations spread across at least six issuers. It pays monthly and charges 0.35%.
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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