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# JEPI Doesn't Fare Well In Rising Markets (Archive)
- URL: https://www.huntingalphas.com/jepi-doesnt-fare-well-in-rising-markets-archive/
- Published: 2024-01-28T04:05:00.000Z
- Updated: 2026-02-27T08:36:52.000Z
- Description: JEPI’s tech underweight and covered calls risk underperformance in a genuine S&P 500 breakout.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, JEPI, ETF

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Earlier last year, I thought JEPI was a good ETF option compared to SCHD. This view mostly played out, but the relative alpha made here got neutralized in December 2023.
- Now, I have a more bearish outlook on JEPI as I do not like its underexposure to key names in the Information Technology sector, which I think will do well.
- JEPI has 13% of its portfolio allocated to a covered call strategy. Such a strategy does not fare well in rising markets.
- I believe we are in a rising market, as my technical analysis suggests that the SPY's breakout of all-time highs is a genuine one.
- Overall, I note that JEPI has the same valuation as SPY but with more unfavorable portfolio exposures. Hence, I anticipate it to underperform. I prefer VOO, and for yield-focused investors, I think private equity plays are a better option.

Read the full article [here](https://seekingalpha.com/article/4665571-jepi-doesnt-fare-well-in-rising-markets?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*