JEPI long term hold to increase portfolio yield and drawdown risk.

Hi All

I would like to start earning more passive income out of my portfolio to help conserve cash in case of a recession or job loss etc…

I am thinking of placing 200K intoJEPI which would be more than enough to cover my monthly bills however I would essentially be doing 50% VTI / 50% JEPI.

I see a lot of info on seeking alpha stating that there is a large asset price drawdown risk and I am thinking how realistic is this risk?

I would love to benefit from the dividend but I would not want to invest in an asset which would depreciate significantly with time. I’m ok with no price growth given the yield I’m getting.

Thanks!