JEPI and XYLD are both covered call ETFs tracking the same benchmark, but with different approaches. JEPI offers a 8.20% yield, while XYLD provides a 10.41% 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
JPMorgan Equity Premium Income ETF
6.90
Overall Score
Global X S&P 500 Covered Call ETF
5.79
Overall Score
| Criteria | JEPI | XYLD |
|---|---|---|
| Overall Score | 6.90 5.79 | |
| Total Return (25%) | 5.05 3.79 | |
| Downside Protection (25%) | 8.27 5.90 | |
| Upside Participation (25%) | 6.00 6.45 | |
| Consistency (15%) | 8.12 7.61 | |
| Expense Ratio (5%) | 8.12 5.00 | |
| Liquidity (5%) | 8.89 7.23 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPI | XYLD |
|---|---|---|
| Expense Ratio | 0.350% | 0.600% |
| Inception Date | May 20, 2020 | Jun 24, 2013 |
| Issuer | JPMorgan | Global X |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
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%.
Cut volatility to 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.
Investor Profile:
XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.
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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