Compare/Updated Oct 26, 2026, refreshed every trading day
JEPI vs VOO
JPMorgan Equity Premium Income ETF against Vanguard S&P 500 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
VOO clearly outperformed JEPI over the 1,000 trading days from October 28, 2022 to October 23, 2026: $1,000 grew to $2,065 (+106.5%), compared with $1,452 (+45.2%) for JEPI. VOO also led over three years (+83.6% versus +34.7%), one year (+15.1% versus +7.5%), YTD (+12.4% versus +5.5%), and most shorter periods. The trade-off was higher risk: VOO’s 12-month volatility was 12.7% versus JEPI’s 7.9%, and its worst drawdown was -18.7% versus -13.3%. JEPI’s lower volatility reflects its income-oriented, options-based approach, but it also participated less in the market’s gains. VOO additionally had a lower expense ratio, 0.03% versus 0.35%. JEPI’s correlation with VOO was 0.843, with JEPI moving 0.55% per 1% move in VOO.
- Price is above its 200-day average ($56); 50-day at $57.
- RSI 52, neutral. Supertrend says buy. ADX 23, so the trend is developing.
- Price is above its 200-day average ($665); 50-day at $705.
- RSI 42, neutral. Supertrend says sell. ADX 14, so the trend is weak.
Head to head
Which has returned more, JEPI or VOO?
JEPI beat VOO in 21 of the last 48 months; VOO won the other 27. The typical monthly gap was 1.85 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 0.843
- correlation of daily moves, 4 years
- 0.55
- JEPI move per 1% in VOO
- 0.677
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.85 points.
When did they diverge?
| Month | JEPI | VOO | Gap |
|---|---|---|---|
| April 2026 | +2.4% | +10.6% | -8.18 pts |
| May 2026 | -1.9% | +5.3% | -7.22 pts |
| May 2025 | +1.8% | +6.3% | -4.49 pts |
| January 2023 | +1.8% | +6.3% | -4.48 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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