DSL vs. JEPI
DSL (DoubleLine Income Solutions Fund) and JEPI (JPMorgan Equity Premium Income ETF) are both funds - DSL is a High Yield Bonds fund managed by DoubleLine, while JEPI is a Dividend fund actively managed by JPMorgan. Over the past 5 years, DSL returned 1.10%/yr vs 7.45%/yr for JEPI. At a 0.37 correlation, their price movements are largely independent. DSL charges 2.28%/yr vs 0.35%/yr for JEPI.
Performance
DSL vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, DSL achieves a 2.31% return, which is significantly higher than JEPI's 1.29% return.
DSL
- 1D
- 1.01%
- 1M
- 0.18%
- YTD
- 2.31%
- 6M
- 3.60%
- 1Y
- -0.24%
- 3Y*
- 8.45%
- 5Y*
- 1.10%
- 10Y*
- 5.38%
JEPI
- 1D
- 0.43%
- 1M
- 0.90%
- YTD
- 1.29%
- 6M
- 1.18%
- 1Y
- 7.58%
- 3Y*
- 9.13%
- 5Y*
- 7.45%
- 10Y*
- —
DSL vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 2.31% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | 35.72% |
JEPI JPMorgan Equity Premium Income ETF | 1.29% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between DSL and JEPI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.37 |
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Return for Risk
DSL vs. JEPI — Risk / Return Rank
DSL
JEPI
DSL vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) 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.
| DSL | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.14 | -1.16 |
| Martin ratioReturn relative to average drawdown | -0.04 | 3.46 | -3.50 |
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Drawdowns
DSL vs. JEPI - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DSL and JEPI.
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Drawdown Indicators
| DSL | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -13.71% | -35.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -6.68% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -13.26% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -13.71% | -20.47% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | — | — |
Current DrawdownCurrent decline from peak | -5.51% | -3.75% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -2.13% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 2.20% | +3.44% |
Volatility
DSL vs. JEPI - Volatility Comparison
DoubleLine Income Solutions Fund (DSL) has a higher volatility of 3.59% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.05%. This indicates that DSL'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.
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Volatility by Period
| DSL | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 2.05% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | 6.23% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 8.02% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 11.08% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 10.79% | +9.30% |
DSL vs. JEPI - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
DSL vs. JEPI - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.02%, more than JEPI's 8.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.02% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
JEPI JPMorgan Equity Premium Income ETF | 8.18% | 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
DSL and JEPI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.59%) compared to JEPI (2.05%). In terms of maximum drawdown, DSL dropped -49.51% vs JEPI's -13.71%.
JEPI currently has the higher Sharpe Ratio (0.95 vs -0.03), 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.
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