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DVY vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVY vs. JEPI

Last updated Jul 26, 2026
Documentation

DVY (iShares Select Dividend ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while JEPI is a Dividend fund actively managed by JPMorgan. DVY is passively managed, while JEPI is actively managed. Over the past 5 years, DVY returned 11.17%/yr vs 7.17%/yr for JEPI. Their 0.73 correlation means they have sometimes moved together and sometimes differently. DVY charges 0.39%/yr vs 0.35%/yr for JEPI.

Performance

DVY vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DVY achieves a 17.29% return, which is significantly higher than JEPI's 3.37% return.

DVY

1D
1.31%
1M
3.82%
6M
11.93%
YTD
17.29%
1Y
22.32%
3Y*
15.86%
5Y*
11.17%
10Y*
10.35%
ALL TIME*
9.09%

JEPI

1D
0.67%
1M
2.00%
6M
1.35%
YTD
3.37%
1Y
7.34%
3Y*
8.83%
5Y*
7.17%
10Y*
—
ALL TIME*
11.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVY

iShares Select Dividend ETF
$86.69M$71.80M$68.36M

JEPI

JPMorgan Equity Premium Income ETF
$256.82M$259.30M$303.30M

DVY vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
DVY
iShares Select Dividend ETF		17.29%11.60%16.24%1.12%1.80%31.70%25.61%
JEPI
JPMorgan Equity Premium Income ETF		3.37%8.09%12.57%9.83%-3.49%21.52%18.39%

Correlation

The correlation between DVY and JEPI is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.71

Correlation (3Y)
Balances recent behavior with more history.

0.74

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.77

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.73

The correlation between DVY and JEPI has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

DVY vs. JEPI - Sectors Allocation Comparison

Sectors
DVY
JEPI

Financial Services

26.1%
9.1%

Utilities

24.2%
4.8%

Consumer Defensive

13.5%
7.8%

Consumer Cyclical

10.1%
10.0%

Energy

8.2%
2.5%

Communication Services

5.2%
6.2%

Healthcare

5.2%
12.8%

Technology

3.7%
15.3%

Industrials

2.1%
10.7%

Basic Materials

1.8%
1.6%

Real Estate

-

2.6%

Financial Services

DVY
26.1%
JEPI
9.1%

Utilities

DVY
24.2%
JEPI
4.8%

Consumer Defensive

DVY
13.5%
JEPI
7.8%

Consumer Cyclical

DVY
10.1%
JEPI
10.0%

Energy

DVY
8.2%
JEPI
2.5%

Communication Services

DVY
5.2%
JEPI
6.2%

Healthcare

DVY
5.2%
JEPI
12.8%

Technology

DVY
3.7%
JEPI
15.3%

Industrials

DVY
2.1%
JEPI
10.7%

Basic Materials

DVY
1.8%
JEPI
1.6%

Real Estate

DVY

-

JEPI
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Select Dividend ETF

JPMorgan Equity Premium Income ETF

Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. VYMDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOO
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. DIVO

Return for Risk

DVY vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DVY
DVY Risk / Return Rank: 8686
Overall Rank
DVY Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 8989
Sortino Ratio Rank
DVY Omega Ratio Rank: 8282
Omega Ratio Rank
DVY Calmar Ratio Rank: 8585
Calmar Ratio Rank
DVY Martin Ratio Rank: 8585
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 3636
Overall Rank
JEPI Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 3838
Sortino Ratio Rank
JEPI Omega Ratio Rank: 3737
Omega Ratio Rank
JEPI Calmar Ratio Rank: 3434
Calmar Ratio Rank
JEPI Martin Ratio Rank: 3434
Martin Ratio Rank
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.

DVY vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.

DVYJEPIDifference
Sharpe ratioReturn per unit of total volatility
2.06
0.95

+1.11

Sortino ratioReturn per unit of downside risk
3.04
1.42

+1.62

Omega ratioGain probability vs. loss probability

1.35

1.18

+0.17

Calmar ratioReturn relative to maximum drawdown

3.35

1.15

+2.20

Martin ratioReturn relative to average drawdown

11.83

3.22

+8.61

DVY vs. JEPI - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.06, which is higher than the JEPI Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of DVY 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.

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Drawdowns

DVY vs. JEPI - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DVY and JEPI.

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Drawdown Indicators

DVYJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-62.59%

-13.71%

-48.88%

Max Drawdown (1Y)

Largest decline over 1 year

-6.89%

-6.68%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-13.26%

-2.74%

Max Drawdown (5Y)

Largest decline over 5 years

-17.54%

-13.71%

-3.83%

Max Drawdown (10Y)

Largest decline over 10 years

-41.59%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.77%

+1.77%

Average Drawdown

Average peak-to-trough decline

-8.74%

-2.13%

-6.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

2.37%

-0.43%

Volatility

DVY vs. JEPI - Volatility Comparison

iShares Select Dividend ETF (DVY) has a higher volatility of 3.69% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.95%. This indicates that DVY'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

DVYJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.69%

1.95%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

7.72%

6.22%

+1.50%

Volatility (1Y)

Calculated over the trailing 1-year period

11.22%

8.06%

+3.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.10%

11.09%

+4.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

10.74%

+7.27%

DVY vs. JEPI - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

DVY vs. JEPI - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.23%, less than JEPI's 8.05% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.23%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
JEPI
JPMorgan Equity Premium Income ETF		8.05%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

DVY and JEPI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DVY has higher volatility (3.69%) compared to JEPI (1.95%). In terms of maximum drawdown, DVY dropped -62.59% vs JEPI's -13.71%.

On 5-year performance, DVY leads with 11.17% vs 7.17% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DVY has performed better with a 11.17% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JEPI is cheaper with a 0.35% expense ratio, compared with 0.39% for DVY.

JEPI has the higher dividend yield at 8.05%, compared with 3.23% for DVY.

DVY is categorized as Large Cap Value Equities, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.39% for DVY and 0.35% for JEPI.

DVY currently has the higher Sharpe Ratio (2.06 vs 0.95), 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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