JEPI Has Been A Massive Disappointment

Date: 2025-07-25 19:00:35

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ince it was launched in May of 2020, JEPI is an ETF that’s grown to become the largest covered call fund by assets under management. According to their website, JEPI has amassed over 40 billion dollars worth of investors money and, during certain months, actually saw some of the largest inflows of any publicly listed ETF. For instance, in January of 2023, they recorded over 2 billion dollars worth of inflows, which placed them in the top 10 among all ETF inflows that month. Overall, JEPI has done a good job in introducing investors to covered call ETFs, because a lot of people didn’t know about the existence of these investments back in 2020.√

However, there’s been a situation going on this year with this ETF that needs to be addressed. If you’re a shareholder of JEPI like I am, you’re likely aware that this ETF has been struggling a lot in terms of share price. Despite the massive rally in the stock market this year, with the S&P currently being up 8.21% in share price, JEPI is still down when looking at share price. According to the charts, this ETF is down 0.52%. Now, obviously, because JEPI pays higher dividends, those need to be factored in when looking at a fund’s return. If we use a dividend calculator, we can see that JEPI with dividends is up 4%, and the S&P is up much higher at over 9%. These lackluster returns are causing a lot of people, including myself, to wonder if JEPI is still worth holding in our dividend portfolios.

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