DJIA vs. JEPI

Last updated Jun 24, 2026

DJIA (Global X Dow 30 Covered Call ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - DJIA is a Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index, while JEPI is a Dividend fund actively managed by JPMorgan. DJIA is passively managed, while JEPI is actively managed. Over the past 3 years, DJIA returned 10.52%/yr vs 8.98%/yr for JEPI. A 0.68 correlation means they provide meaningful diversification when combined. DJIA charges 0.60%/yr vs 0.35%/yr for JEPI.

Performance

DJIA vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) 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, DJIA achieves a 3.73% return, which is significantly higher than JEPI's 0.91% return.

DJIA

• 1D: -0.08%
• 1M: 1.09%
• YTD: 3.73%
• 6M: 3.18%
• 1Y: 14.11%
• 3Y*: 10.52%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: -0.43%
• 1M: -0.19%
• YTD: 0.91%
• 6M: 0.64%
• 1Y: 7.76%
• 3Y*: 8.98%
• 5Y*: 7.31%
• 10Y*: —

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

DJIA vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DJIA Global X Dow 30 Covered Call ETF	3.73%	9.11%	14.52%	9.15%	-1.07%
JEPI JPMorgan Equity Premium Income ETF	0.91%	8.09%	12.57%	9.83%	3.90%

Correlation

The correlation between DJIA and JEPI is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.68

The correlation between DJIA and JEPI shifts across timeframes, from 0.57 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

DJIA vs. JEPI - Sectors Allocation Comparison

Sectors	DJIA	JEPI
Financial Services	27.3%	7.2%
Technology	19.1%	15.3%
Industrials	18.1%	9.7%
Healthcare	12.8%	11.6%
Consumer Cyclical	11.0%	10.0%
Consumer Defensive	4.1%	7.8%
Basic Materials	3.7%	1.7%
Energy	2.2%	2.5%
Communication Services	1.8%	6.3%
Real Estate	-	2.7%
Utilities	-	4.7%

Return for Risk

DJIA vs. JEPI — Risk / Return Rank

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

DJIA

DJIA Risk / Return Rank: 56
DJIA Sharpe Ratio Rank: 60
DJIA Sortino Ratio Rank: 62
DJIA Omega Ratio Rank: 71
DJIA Calmar Ratio Rank: 39
DJIA Martin Ratio Rank: 45

JEPI

JEPI Risk / Return Rank: 27
JEPI Sharpe Ratio Rank: 28
JEPI Sortino Ratio Rank: 27
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 25
JEPI Martin Ratio Rank: 26

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.

DJIA vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) 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.

	DJIA	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.92	0.97	+0.95
Sortino ratio: Return per unit of downside risk	2.76	1.45	+1.31
Omega ratio: Gain probability vs. loss probability	1.40	1.18	+0.22
Calmar ratio: Return relative to maximum drawdown	1.93	1.17	+0.76
Martin ratio: Return relative to average drawdown	7.19	3.44	+3.74

DJIA vs. JEPI - Sharpe Ratio Comparison

The current DJIA Sharpe Ratio is 1.92, which is higher than the JEPI Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of DJIA 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

DJIA vs. JEPI - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DJIA and JEPI.

Drawdown Indicators

	DJIA	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-13.71%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-6.68%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-13.26%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.37%	-4.11%	+3.74%
Average Drawdown Average peak-to-trough decline	-3.55%	-2.13%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.26%	-0.29%

Volatility

DJIA vs. JEPI - Volatility Comparison

The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 1.37%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.38%. This indicates that DJIA experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJIA	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	2.38%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	6.29%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	8.03%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	11.08%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	10.78%	+0.39%

DJIA vs. JEPI - Expense Ratio Comparison

DJIA has a 0.60% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

DJIA vs. JEPI - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 10.77%, more than JEPI's 8.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DJIA Global X Dow 30 Covered Call ETF	10.77%	10.60%	11.44%	7.16%	9.18%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.21%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both DJIA and JEPI in my portfolio?

DJIA and JEPI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJIA or JEPI?

JEPI has higher volatility (2.38%) compared to DJIA (1.37%). In terms of maximum drawdown, DJIA dropped -16.91% vs JEPI's -13.71%.

Which ETF is better, DJIA or JEPI?

On 3-year performance, DJIA leads with 10.52% vs 8.98% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, DJIA has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJIA or JEPI?

Over the 3-year period, DJIA has performed better with a 10.52% return vs 8.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJIA or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.60% for DJIA.

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

DJIA has the higher dividend yield at 10.77%, compared with 8.21% for JEPI.

What is the main difference between DJIA and JEPI?

DJIA is categorized as Derivative Income, while JEPI is Dividend. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.60% for DJIA and 0.35% for JEPI.

Which has better risk-adjusted returns?

DJIA currently has the higher Sharpe Ratio (1.92 vs 0.97), 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.