JEPI Vs. SPY: Will The Relative Outperformance Continue?


  • The JPMorgan Equity Premium Income ETF has outperformed the SPDR S&P 500 Trust ETF by 10% in relative terms YTD.
  • The outperformance was driven largely by the rotation from growth to value stock and aided by the use of option overlays.
  • Looking forward, I see the rotation to value has largely completed, and therefore, the outperformance is unlikely to continue.
  • This idea was discussed in more depth with members of my private investing community, Envision Early Retirement. Learn More »

Investment management. Portfolio diversification.

Olivier Le Moal/iStock via Getty Images


I have been writing a series of articles in the past year or so to caution readers about the potential risks of the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI). To recap, many investors

Chart, line chart Description automatically generated

Seeking Alpha

Chart, line chart, histogram Description automatically generated

Seeking Alpha

Graphical user interface, text, application Description automatically generated


Graphical user interface, application Description automatically generated


Chart Description automatically generated

Graphical user interface, chart, line chart Description automatically generated


Chart Description automatically generated


Join Envision Early Retirement to navigate such a turbulent market.

  • Receive our best ideas, actionable and unambiguous, across multiple assets.
  • Access our real-money portfolios, trade alerts, and transparent performance reporting.
  • Use our proprietary allocation strategies to isolate and control risks.

We have helped our members beat S&P 500 with LOWER drawdowns despite the extreme volatilities in both the equity AND bond market.

Join for a 100% Risk-Free trial and see if our proven method can help you too. You do not need to pay for the costly lessons from the market itself.

This article was written by

Sensor Unlimited profile picture
Proven solutions for both high income & high growth with isolated risks

** Disclosure** I am associated with Envision Research

I am an economist by training, with a focus on financial economics. After I completed my PhD, I have been professionally working as a quantitative modeler, with a focus on the mortgage market, commercial market, and the banking industry for more than a decade. And at the same time, I have been managing several investment accounts for my family for the past 15 years, going through two market crashes and an incredible long bull market in between. 

My writing interests are mostly asset allocation and ETFs, particularly those related to the overall market, bonds, banking and financial sectors, and housing markets. I have been a long time SA reader, and am excited to become a more active participator in this wonderful community! 

Disclosure: I/we have a beneficial long position in the shares of AAPL, ABBV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (48)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.