CDL vs. JEPIX

Last updated Jun 3, 2026

CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both funds - CDL is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index, while JEPIX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, CDL returned 8.87%/yr vs 7.15%/yr for JEPIX. A 0.72 correlation means they provide meaningful diversification when combined. CDL charges 0.35%/yr vs 0.63%/yr for JEPIX.

Performance

CDL vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and JPMorgan Equity Premium Income Fund Class I (JEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDL achieves a 11.10% return, which is significantly higher than JEPIX's -0.05% return.

CDL

• 1D: 0.62%
• 1M: -0.81%
• YTD: 11.10%
• 6M: 11.64%
• 1Y: 19.30%
• 3Y*: 14.91%
• 5Y*: 8.87%
• 10Y*: 10.90%

JEPIX

• 1D: -0.65%
• 1M: -1.93%
• YTD: -0.05%
• 6M: 0.81%
• 1Y: 7.67%
• 3Y*: 8.65%
• 5Y*: 7.15%
• 10Y*: —

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

CDL vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	11.10%	9.04%	15.58%	3.03%	-0.45%	33.42%	-3.35%	26.38%	-10.35%
JEPIX JPMorgan Equity Premium Income Fund Class I	-0.05%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between CDL and JEPIX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.72

The correlation between CDL and JEPIX has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

CDL vs. JEPIX — Risk / Return Rank

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

CDL

CDL Risk / Return Rank: 62
CDL Sharpe Ratio Rank: 58
CDL Sortino Ratio Rank: 63
CDL Omega Ratio Rank: 54
CDL Calmar Ratio Rank: 67
CDL Martin Ratio Rank: 65

JEPIX

JEPIX Risk / Return Rank: 12
JEPIX Sharpe Ratio Rank: 11
JEPIX Sortino Ratio Rank: 12
JEPIX Omega Ratio Rank: 11
JEPIX Calmar Ratio Rank: 12
JEPIX Martin Ratio Rank: 13

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.

CDL vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and JPMorgan Equity Premium Income Fund Class I (JEPIX). 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.

	CDL	JEPIX	Difference
Sharpe ratio Return per unit of total volatility	1.99	0.91	+1.08
Sortino ratio Return per unit of downside risk	2.95	1.43	+1.53
Omega ratio Gain probability vs. loss probability	1.34	1.17	+0.17
Calmar ratio Return relative to maximum drawdown	3.42	1.20	+2.23
Martin ratio Return relative to average drawdown	12.20	4.02	+8.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDL vs. JEPIX - Sharpe Ratio Comparison

The current CDL Sharpe Ratio is 1.99, which is higher than the JEPIX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CDL and JEPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDL	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	0.91	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.63	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.48	+0.17

Drawdowns

CDL vs. JEPIX - Drawdown Comparison

The maximum CDL drawdown since its inception was -41.03%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for CDL and JEPIX.

Drawdown Indicators

	CDL	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.03%	-32.63%	-8.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-7.41%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.87%	-13.42%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-17.28%	-13.67%	-3.61%
Max Drawdown (10Y) Largest decline over 10 years	-41.03%	—	—
Current Drawdown Current decline from peak	-1.59%	-5.09%	+3.50%
Average Drawdown Average peak-to-trough decline	-4.35%	-3.20%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	2.21%	-0.62%

Volatility

CDL vs. JEPIX - Volatility Comparison

VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) has a higher volatility of 2.80% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 1.58%. This indicates that CDL's price experiences larger fluctuations and is considered to be riskier than JEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDL	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	1.58%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	6.90%	6.83%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	9.73%	8.56%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	11.46%	+2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	14.76%	+2.28%

CDL vs. JEPIX - Expense Ratio Comparison

CDL has a 0.35% expense ratio, which is lower than JEPIX's 0.63% expense ratio.

Dividends

CDL vs. JEPIX - Dividend Comparison

CDL's dividend yield for the trailing twelve months is around 3.15%, less than JEPIX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDL VictoryShares US Large Cap High Dividend Volatility Wtd ETF	3.15%	3.33%	3.27%	3.61%	3.31%	2.60%	3.32%	3.04%	3.32%	2.87%	2.97%	1.28%
JEPIX JPMorgan Equity Premium Income Fund Class I	8.17%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDL and JEPIX in my portfolio?

CDL and JEPIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDL or JEPIX?

CDL has higher volatility (2.80%) compared to JEPIX (1.58%). In terms of maximum drawdown, CDL dropped -41.03% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

CDL currently has the higher Sharpe Ratio (1.99 vs 0.91), 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.