JEPI: The Evidence Is Mounting That Better Covered-Call Funds Exist

  • I am downgrading JEPI from Hold to Sell due to persistent underperformance versus the S&P 500 and peer covered-call ETFs. JEPI's rigid options strategy limits upside capture and exposes investors to downside, while GPIX and SPYI use more flexible, nuanced approaches. Although JEPI reliably delivers an 8% yield, its total returns lag behind GPIX and SPYI, which also generate comparable income.