DEM vs. JEPI

Last updated Aug 6, 2026

DEM (WisdomTree Emerging Markets Equity Income Fund) and JEPI (JPMorgan Equity Premium Income ETF) are both Dividend funds. DEM is passively managed, while JEPI is actively managed. Over the past 5 years, DEM returned 10.33%/yr vs 7.48%/yr for JEPI. Their 0.48 correlation means their historical movements had little consistent relationship. DEM charges 0.63%/yr vs 0.35%/yr for JEPI.

Performance

DEM vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Equity Income Fund (DEM) 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, DEM achieves a 18.54% return, which is significantly higher than JEPI's 5.34% return.

DEM

• 1D: -0.48%
• 1M: 0.07%
• 6M: 10.98%
• YTD: 18.54%
• 1Y: 24.54%
• 3Y*: 17.43%
• 5Y*: 10.33%
• 10Y*: 9.13%
• ALL TIME*: 4.99%

JEPI

• 1D: 0.28%
• 1M: 1.99%
• 6M: 2.32%
• YTD: 5.34%
• 1Y: 11.45%
• 3Y*: 9.79%
• 5Y*: 7.48%
• 10Y*: —
• ALL TIME*: 11.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEM WisdomTree Emerging Markets Equity Income Fund	$21.83M	$15.09M	$12.97M
JEPI JPMorgan Equity Premium Income ETF	$297.97M	$266.12M	$294.88M

DEM vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DEM WisdomTree Emerging Markets Equity Income Fund	18.54%	21.29%	4.46%	20.93%	-10.43%	11.49%	21.26%
JEPI JPMorgan Equity Premium Income ETF	5.34%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between DEM and JEPI is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.48

DEM vs. JEPI - Sectors Allocation Comparison

Sectors	DEM	JEPI
Financial Services	21.9%	8.9%
Technology	17.5%	15.4%
Industrials	8.9%	11.2%
Energy	6.2%	2.6%
Consumer Defensive	5.8%	7.7%
Consumer Cyclical	5.4%	9.8%
Basic Materials	3.7%	1.6%
Utilities	3.0%	4.9%
Communication Services	3.0%	6.1%
Real Estate	2.9%	2.6%
Healthcare	0.6%	12.9%

Return for Risk

DEM vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DEM

DEM Risk / Return Rank: 65
DEM Sharpe Ratio Rank: 61
DEM Sortino Ratio Rank: 58
DEM Omega Ratio Rank: 59
DEM Calmar Ratio Rank: 78
DEM Martin Ratio Rank: 68

JEPI

JEPI Risk / Return Rank: 47
JEPI Sharpe Ratio Rank: 51
JEPI Sortino Ratio Rank: 52
JEPI Omega Ratio Rank: 52
JEPI Calmar Ratio Rank: 42
JEPI Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DEM vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income Fund (DEM) 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.

	DEM	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.44	+0.20
Sortino ratio: Return per unit of downside risk	2.29	2.10	+0.19
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	3.12	1.72	+1.40
Martin ratio: Return relative to average drawdown	9.38	4.88	+4.50

DEM vs. JEPI - Sharpe Ratio Comparison

The current DEM Sharpe Ratio is 1.64, which is comparable to the JEPI Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of DEM 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

DEM vs. JEPI - Drawdown Comparison

The maximum DEM drawdown since its inception was -51.85%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DEM and JEPI.

Drawdown Indicators

	DEM	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-51.85%	-13.71%	-38.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-6.68%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-13.26%	-2.38%
Max Drawdown (5Y) Largest decline over 5 years	-27.18%	-13.71%	-13.47%
Max Drawdown (10Y) Largest decline over 10 years	-37.79%	—	—
Current Drawdown Current decline from peak	-2.36%	0.00%	-2.36%
Average Drawdown Average peak-to-trough decline	-12.81%	-2.13%	-10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.35%	+0.27%

Volatility

DEM vs. JEPI - Volatility Comparison

WisdomTree Emerging Markets Equity Income Fund (DEM) has a higher volatility of 4.62% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.22%. This indicates that DEM'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

	DEM	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	2.22%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	13.24%	6.38%	+6.86%
Volatility (1Y) Calculated over the trailing 1-year period	15.03%	8.01%	+7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	11.11%	+4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	10.73%	+7.13%

DEM vs. JEPI - Expense Ratio Comparison

DEM has a 0.63% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

DEM vs. JEPI - Dividend Comparison

DEM's dividend yield for the trailing twelve months is around 4.13%, less than JEPI's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM WisdomTree Emerging Markets Equity Income Fund	4.13%	4.88%	5.24%	5.49%	8.62%	5.87%	4.21%	4.78%	4.47%	3.67%	3.63%	5.21%
JEPI JPMorgan Equity Premium Income ETF	7.96%	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 DEM and JEPI in my portfolio?

DEM and JEPI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEM or JEPI?

DEM has higher volatility (4.62%) compared to JEPI (2.22%). In terms of maximum drawdown, DEM dropped -51.85% vs JEPI's -13.71%.

Which ETF is better, DEM or JEPI?

On 5-year performance, DEM leads with 10.33% vs 7.48% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEM or JEPI?

Over the 5-year period, DEM has performed better with a 10.33% return vs 7.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEM or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.63% for DEM.

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

JEPI has the higher dividend yield at 7.96%, compared with 4.13% for DEM.

What is the main difference between DEM and JEPI?

They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.63% for DEM and 0.35% for JEPI.

Which has better risk-adjusted returns?

DEM currently has the higher Sharpe Ratio (1.64 vs 1.44), 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.