ARCC vs. JEPI
ARCC (Ares Capital Corporation) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, ARCC returned 8.14%/yr vs 7.31%/yr for JEPI. At a 0.47 correlation, their price movements are largely independent.
Performance
ARCC vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, ARCC achieves a -6.83% return, which is significantly lower than JEPI's 0.91% return.
ARCC
- 1D
- 0.28%
- 1M
- -1.31%
- YTD
- -6.83%
- 6M
- -5.38%
- 1Y
- -8.17%
- 3Y*
- 9.59%
- 5Y*
- 8.14%
- 10Y*
- 12.46%
JEPI
- 1D
- -0.43%
- 1M
- -0.19%
- YTD
- 0.91%
- 6M
- 0.64%
- 1Y
- 7.76%
- 3Y*
- 8.98%
- 5Y*
- 7.31%
- 10Y*
- —
ARCC vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | -6.83% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 27.77% |
JEPI JPMorgan Equity Premium Income ETF | 0.91% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between ARCC and JEPI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.47 |
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Return for Risk
ARCC vs. JEPI — Risk / Return Rank
ARCC
JEPI
ARCC vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and JPMorgan Equity Premium Income ETF (JEPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARCC | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.18 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.17 | -1.59 |
| Martin ratioReturn relative to average drawdown | -0.75 | 3.44 | -4.19 |
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Drawdowns
ARCC vs. JEPI - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for ARCC and JEPI.
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Drawdown Indicators
| ARCC | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -13.71% | -65.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -6.68% | -12.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -13.26% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | -13.71% | -8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | — | — |
Current DrawdownCurrent decline from peak | -15.20% | -4.11% | -11.09% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -2.13% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 2.26% | +8.63% |
Volatility
ARCC vs. JEPI - Volatility Comparison
Ares Capital Corporation (ARCC) has a higher volatility of 4.64% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that ARCC's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCC | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.38% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 6.29% | +8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 8.03% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 11.08% | +8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 10.78% | +14.82% |
Dividends
ARCC vs. JEPI - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 10.73%, more than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.73% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARCC and JEPI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.64%) compared to JEPI (2.38%). In terms of maximum drawdown, ARCC dropped -79.36% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.97 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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