JEPI vs SPHY: ETF Comparison
Compare JEPI (JPMorgan Equity Premium Income ETF) and SPHY (State Street SPDR Portfolio High Yield Bond ETF) side by side by average annual total return since inception — one fair number covering price and dividends.
Updated Sep 15, 2026
*For entertainment purposes ONLY! NOT financial advice! Data may be inaccurate.*
JEPI vs SPHY: The Verdict
On average annual total return since inception, JEPI holds a clear edge over SPHY: +11.0% per year vs +4.9% per year — a gap of 6.1 percentage points annually. Total return counts both price movement and dividends, so this is the whole picture of each fund's performance, not just yield.
Keep the track records in mind: SPHY has been trading for 14.2 years, while JEPI has only 6.3 years of history. A shorter track record means the younger fund's average has been shaped by fewer market environments — one strong or weak stretch moves the needle more.
JEPI vs SPHY Side-by-Side Data
| Symbol | Name | Provider | Inception | Age | Total Return | Avg. Annual Return | Yield | Expense Ratio | Grade |
|---|---|---|---|---|---|---|---|---|---|
| JEPI | JPMorgan Equity Premium Income ETF | JP Morgan | 5/20/2020 | 6.3y | +93.0% | +11.0% | 7.5% | 0.35% | C |
| SPHY | State Street SPDR Portfolio High Yield Bond ETF | State Street | 6/18/2012 | 14.2y | +97.0% | +4.9% | 7.54% | 0.05% | D |
JEPI vs SPHY — Frequently Asked Questions
Which is better, JEPI or SPHY?
By average annual total return since inception, JEPI holds a clear edge over SPHY (+11.0% vs +4.9% per year). "Better" depends on your goals — yield, payout frequency, and strategy differ between the two funds.
What is the difference between JEPI and SPHY?
JEPI (JPMorgan Equity Premium Income ETF) is offered by JP Morgan and currently yields 7.5%. SPHY (State Street SPDR Portfolio High Yield Bond ETF) is offered by State Street and yields 7.54%. Their average annual total returns since inception are +11.0% and +4.9% respectively.
Does JEPI pay a higher dividend than SPHY?
JEPI currently yields 7.5% and SPHY yields 7.54%. Remember that yield alone doesn't capture performance — total return (price + dividends) is the fairer comparison.