JEPI vs SPY: Complete Comparison
JPMorgan Equity Premium Income ETF vs SPDR S&P 500 ETF Trust โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SPY wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SPY wins with better expense ratio and number of holdings. Consider SPY for your portfolio, but JEPI is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
103 shared holdings representing 35.2% portfolio overlap
Top Shared Holdings
| # | Stock | JEPI Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | GOOGL GOOGL | 1.67% | 3.08% | 1.67% |
| 2 | AMZN AMZN | 1.55% | 3.81% | 1.55% |
| 3 | NVDA NVDA | 1.51% | 7.73% | 1.51% |
| 4 | MSFT MSFT | 1.50% | 6.11% | 1.50% |
| 5 | AAPL AAPL | 1.48% | 6.82% | 1.48% |
| 6 | META META | 1.37% | 2.45% | 1.37% |
| 7 | AVGO AVGO | 1.03% | 2.79% | 1.03% |
| 8 | V V | 1.50% | 1.01% | 1.01% |
| 9 | LLY LLY | 0.96% | 1.44% | 0.96% |
| 10 | JNJ JNJ | 1.63% | 0.84% | 0.84% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in JEPI
Unique to JEPI
| Symbol | Name | Weight |
|---|---|---|
| MGMXX | MGMXX | 1.62% |
| BURL | BURL | 0.65% |
| CHD | CHD | 0.46% |
| ASML | ASML | 0.39% |
| VZ | VZ | 0.25% |
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| GOOG | GOOG | 2.47% |
| TSLA | TSLA | 2.30% |
| JPM | JPM | 1.51% |
| PLTR | PLTR | 0.75% |
| AMD | AMD | 0.59% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.