DRSK vs. JEPI

Last updated Jun 23, 2026

DRSK (Aptus Defined Risk ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - DRSK is a Diversified Portfolio fund actively managed by Aptus Capital Advisors, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, DRSK returned 2.92%/yr vs 7.51%/yr for JEPI. At a 0.41 correlation, their price movements are largely independent. DRSK charges 0.79%/yr vs 0.35%/yr for JEPI.

Performance

DRSK vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Defined Risk ETF (DRSK) 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, DRSK achieves a 2.61% return, which is significantly higher than JEPI's 1.34% return.

DRSK

• 1D: -0.38%
• 1M: -0.62%
• YTD: 2.61%
• 6M: 2.13%
• 1Y: 7.44%
• 3Y*: 9.05%
• 5Y*: 2.92%
• 10Y*: —

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)

DRSK vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DRSK Aptus Defined Risk ETF	2.61%	7.67%	12.50%	2.08%	-9.57%	0.88%	2.30%
JEPI JPMorgan Equity Premium Income ETF	1.34%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between DRSK and JEPI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.42

Return for Risk

DRSK vs. JEPI — Risk / Return Rank

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

DRSK

DRSK Risk / Return Rank: 24
DRSK Sharpe Ratio Rank: 26
DRSK Sortino Ratio Rank: 26
DRSK Omega Ratio Rank: 23
DRSK Calmar Ratio Rank: 23
DRSK Martin Ratio Rank: 22

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.

DRSK vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Defined Risk ETF (DRSK) 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.

	DRSK	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.12	-0.23
Sortino ratio: Return per unit of downside risk	1.39	1.66	-0.27
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio: Return relative to maximum drawdown	1.04	1.35	-0.31
Martin ratio: Return relative to average drawdown	2.65	4.00	-1.35

DRSK vs. JEPI - Sharpe Ratio Comparison

The current DRSK Sharpe Ratio is 0.89, which is comparable to the JEPI Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of DRSK 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

DRSK vs. JEPI - Drawdown Comparison

The maximum DRSK drawdown since its inception was -19.87%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DRSK and JEPI.

Drawdown Indicators

	DRSK	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-19.87%	-13.71%	-6.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-6.68%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-9.60%	-13.26%	+3.66%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-13.71%	-6.16%
Current Drawdown Current decline from peak	-2.33%	-3.69%	+1.36%
Average Drawdown Average peak-to-trough decline	-4.20%	-2.13%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.24%	+0.58%

Volatility

DRSK vs. JEPI - Volatility Comparison

Aptus Defined Risk ETF (DRSK) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 2.37% and 2.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRSK	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.35%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	5.28%	6.28%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	8.04%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.43%	11.08%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.07%	10.79%	-3.72%

DRSK vs. JEPI - Expense Ratio Comparison

DRSK has a 0.79% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

DRSK vs. JEPI - Dividend Comparison

DRSK's dividend yield for the trailing twelve months is around 3.67%, less than JEPI's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRSK Aptus Defined Risk ETF	3.67%	3.67%	3.31%	3.57%	1.93%	2.64%	5.69%	3.04%	2.62%
JEPI JPMorgan Equity Premium Income ETF	8.17%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRSK and JEPI in my portfolio?

DRSK and JEPI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRSK or JEPI?

DRSK has higher volatility (2.37%) compared to JEPI (2.35%). In terms of maximum drawdown, DRSK dropped -19.87% vs JEPI's -13.71%.

Which ETF is better, DRSK or JEPI?

On 5-year performance, JEPI leads with 7.51% vs 2.92% for DRSK. On fees, JEPI is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRSK or JEPI?

Over the 5-year period, JEPI has performed better with a 7.51% return vs 2.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRSK or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.79% for DRSK.

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

JEPI has the higher dividend yield at 8.17%, compared with 3.67% for DRSK.

What is the main difference between DRSK and JEPI?

DRSK is categorized as Diversified Portfolio, while JEPI is Dividend. They also come from different issuers: Aptus Capital Advisors and JPMorgan. Their fees differ too: 0.79% for DRSK and 0.35% for JEPI.

Which has better risk-adjusted returns?

JEPI currently has the higher Sharpe Ratio (1.12 vs 0.89), 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.