DOW vs. JEPI
DOW (Dow Inc.) is a stock, while JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan. Over the past 5 years, DOW returned -9.42%/yr vs 7.28%/yr for JEPI. At a 0.45 correlation, their price movements are largely independent.
Performance
DOW vs. JEPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DOW achieves a 28.44% return, which is significantly higher than JEPI's 1.33% return.
DOW
- 1D
- -3.13%
- 1M
- -17.58%
- YTD
- 28.44%
- 6M
- 30.23%
- 1Y
- 12.30%
- 3Y*
- -12.03%
- 5Y*
- -9.42%
- 10Y*
- —
JEPI
- 1D
- 0.41%
- 1M
- 0.22%
- YTD
- 1.33%
- 6M
- 0.79%
- 1Y
- 7.37%
- 3Y*
- 9.13%
- 5Y*
- 7.28%
- 10Y*
- —
DOW vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 28.44% | -37.38% | -22.79% | 14.71% | -6.65% | 6.81% | 60.54% |
JEPI JPMorgan Equity Premium Income ETF | 1.33% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between DOW and JEPI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.45 |
The correlation between DOW and JEPI shifts across timeframes, from 0.27 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DOW vs. JEPI — Risk / Return Rank
DOW
JEPI
DOW vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) 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.
| DOW | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.17 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.11 | -0.71 |
| Martin ratioReturn relative to average drawdown | 0.73 | 3.25 | -2.52 |
Loading charts...
Drawdowns
DOW vs. JEPI - Drawdown Comparison
The maximum DOW drawdown since its inception was -64.37%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DOW and JEPI.
Loading charts...
Drawdown Indicators
| DOW | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.37% | -13.71% | -50.66% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -6.68% | -24.60% |
Max Drawdown (3Y)Largest decline over 3 years | -62.16% | -13.26% | -48.90% |
Max Drawdown (5Y)Largest decline over 5 years | -64.37% | -13.71% | -50.66% |
Current DrawdownCurrent decline from peak | -47.22% | -3.71% | -43.51% |
Average DrawdownAverage peak-to-trough decline | -22.87% | -2.13% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.86% | 2.27% | +14.59% |
Volatility
DOW vs. JEPI - Volatility Comparison
Dow Inc. (DOW) has a higher volatility of 8.64% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that DOW'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.
Loading charts...
Volatility by Period
| DOW | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 2.38% | +6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 33.07% | 6.30% | +26.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.18% | 8.02% | +41.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 11.08% | +22.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.68% | 10.78% | +27.90% |
Dividends
DOW vs. JEPI - Dividend Comparison
DOW's dividend yield for the trailing twelve months is around 4.77%, less than JEPI's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 4.77% | 8.98% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% |
JEPI JPMorgan Equity Premium Income ETF | 8.18% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% |
Frequently Asked Questions
DOW and JEPI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOW has higher volatility (8.64%) compared to JEPI (2.38%). In terms of maximum drawdown, DOW dropped -64.37% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.93 vs 0.25), 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.
Find the right allocation for DOW and JEPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer