CDC vs. JEPI

Last updated Jun 23, 2026

CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - CDC is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while JEPI is a Dividend fund actively managed by JPMorgan. CDC is passively managed, while JEPI is actively managed. Over the past 5 years, CDC returned 6.42%/yr vs 7.51%/yr for JEPI. A 0.72 correlation means they provide meaningful diversification when combined. CDC charges 0.37%/yr vs 0.35%/yr for JEPI.

Performance

CDC vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDC achieves a 12.82% return, which is significantly higher than JEPI's 1.34% return.

CDC

• 1D: 0.41%
• 1M: -0.21%
• YTD: 12.82%
• 6M: 12.38%
• 1Y: 20.49%
• 3Y*: 12.60%
• 5Y*: 6.42%
• 10Y*: 10.40%

JEPI

• 1D: -0.05%
• 1M: 0.23%
• YTD: 1.34%
• 6M: 1.18%
• 1Y: 8.97%
• 3Y*: 9.13%
• 5Y*: 7.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDC vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	12.82%	8.96%	14.48%	-4.99%	-7.86%	33.05%	21.80%
JEPI JPMorgan Equity Premium Income ETF	1.34%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between CDC and JEPI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.72

The correlation between CDC and JEPI has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

CDC vs. JEPI - Sectors Allocation Comparison

Sectors	CDC	JEPI
Financial Services	24.0%	7.2%
Utilities	23.9%	4.7%
Consumer Defensive	15.1%	7.8%
Energy	8.8%	2.5%
Consumer Cyclical	7.0%	10.0%
Healthcare	6.9%	11.6%
Technology	5.0%	15.3%
Industrials	4.4%	9.7%
Communication Services	4.0%	6.3%
Basic Materials	0.0%	1.7%
Real Estate	0.0%	2.7%

Return for Risk

CDC vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDC

CDC Risk / Return Rank: 68
CDC Sharpe Ratio Rank: 65
CDC Sortino Ratio Rank: 69
CDC Omega Ratio Rank: 60
CDC Calmar Ratio Rank: 74
CDC Martin Ratio Rank: 71

JEPI

JEPI Risk / Return Rank: 30
JEPI Sharpe Ratio Rank: 32
JEPI Sortino Ratio Rank: 32
JEPI Omega Ratio Rank: 31
JEPI Calmar Ratio Rank: 28
JEPI Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDC vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) 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.

	CDC	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.12	+0.95
Sortino ratio: Return per unit of downside risk	3.02	1.66	+1.35
Omega ratio: Gain probability vs. loss probability	1.35	1.21	+0.15
Calmar ratio: Return relative to maximum drawdown	3.63	1.35	+2.28
Martin ratio: Return relative to average drawdown	12.77	4.00	+8.77

CDC vs. JEPI - Sharpe Ratio Comparison

The current CDC Sharpe Ratio is 2.07, which is higher than the JEPI Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of CDC and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDC vs. JEPI - Drawdown Comparison

The maximum CDC drawdown since its inception was -21.37%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for CDC and JEPI.

Drawdown Indicators

	CDC	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-21.37%	-13.71%	-7.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-6.68%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-12.70%	-13.26%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-13.71%	-7.66%
Max Drawdown (10Y) Largest decline over 10 years	-21.37%	—	—
Current Drawdown Current decline from peak	-1.49%	-3.69%	+2.20%
Average Drawdown Average peak-to-trough decline	-5.09%	-2.13%	-2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.24%	-0.63%

Volatility

CDC vs. JEPI - Volatility Comparison

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) has a higher volatility of 3.34% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.35%. This indicates that CDC'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.

Volatility by Period

	CDC	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.35%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	7.08%	6.28%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	9.96%	8.04%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	11.08%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	10.79%	+2.44%

CDC vs. JEPI - Expense Ratio Comparison

CDC has a 0.37% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

CDC vs. JEPI - Dividend Comparison

CDC's dividend yield for the trailing twelve months is around 3.17%, less than JEPI's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.17%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
JEPI JPMorgan Equity Premium Income ETF	8.17%	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

Can I hold both CDC and JEPI in my portfolio?

CDC and JEPI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDC or JEPI?

CDC has higher volatility (3.34%) compared to JEPI (2.35%). In terms of maximum drawdown, CDC dropped -21.37% vs JEPI's -13.71%.

Which ETF is better, CDC or JEPI?

On 5-year performance, JEPI leads with 7.51% vs 6.42% for CDC. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDC or JEPI?

Over the 5-year period, JEPI has performed better with a 7.51% return vs 6.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDC or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.37% for CDC.

Which ETF pays a higher dividend yield, CDC or JEPI?

JEPI has the higher dividend yield at 8.17%, compared with 3.17% for CDC.

What is the main difference between CDC and JEPI?

CDC is categorized as Large Cap Value Equities, while JEPI is Dividend. They also come from different issuers: Crestview and JPMorgan. Their fees differ too: 0.37% for CDC and 0.35% for JEPI.

Which has better risk-adjusted returns?

CDC currently has the higher Sharpe Ratio (2.07 vs 1.12), 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.