DVY vs. JEPQ

Last updated Jul 26, 2026

DVY (iShares Select Dividend ETF) and JEPQ (JPMorgan Nasdaq 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 JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, DVY returned 15.86%/yr vs 17.64%/yr for JEPQ. Their 0.42 correlation means their historical movements had little consistent relationship. DVY charges 0.39%/yr vs 0.35%/yr for JEPQ.

Performance

DVY vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, DVY achieves a 17.29% return, which is significantly higher than JEPQ's 5.52% 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%

JEPQ

• 1D: -0.97%
• 1M: -2.60%
• 6M: 3.56%
• YTD: 5.52%
• 1Y: 17.19%
• 3Y*: 17.64%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVY iShares Select Dividend ETF	$86.69M	$71.80M	$68.36M
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	$411.15M	$392.07M	$419.06M

DVY vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DVY iShares Select Dividend ETF	17.29%	11.60%	16.24%	1.12%	-0.95%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	5.52%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between DVY and JEPQ is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.42

Over the past year, the correlation between DVY and JEPQ has dropped to 0.15 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

DVY vs. JEPQ - Sectors Allocation Comparison

Sectors	DVY	JEPQ
Financial Services	26.1%	0.3%
Utilities	24.2%	1.0%
Consumer Defensive	13.5%	5.8%
Consumer Cyclical	10.1%	11.1%
Energy	8.2%	0.3%
Communication Services	5.2%	12.8%
Healthcare	5.2%	4.0%
Technology	3.7%	60.6%
Industrials	2.1%	3.0%
Basic Materials	1.8%	0.9%
Real Estate	-	0.2%

Return for Risk

DVY vs. JEPQ — Risk / Return Rank

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

DVY

DVY Risk / Return Rank: 86
DVY Sharpe Ratio Rank: 87
DVY Sortino Ratio Rank: 89
DVY Omega Ratio Rank: 82
DVY Calmar Ratio Rank: 85
DVY Martin Ratio Rank: 85

JEPQ

JEPQ Risk / Return Rank: 56
JEPQ Sharpe Ratio Rank: 51
JEPQ Sortino Ratio Rank: 48
JEPQ Omega Ratio Rank: 53
JEPQ Calmar Ratio Rank: 57
JEPQ Martin Ratio Rank: 70

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

	DVY	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.23	+0.83
Sortino ratio: Return per unit of downside risk	3.04	1.72	+1.32
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	3.35	1.97	+1.37
Martin ratio: Return relative to average drawdown	11.83	8.72	+3.11

DVY vs. JEPQ - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.06, which is higher than the JEPQ Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of DVY and JEPQ, 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

DVY vs. JEPQ - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for DVY and JEPQ.

Drawdown Indicators

	DVY	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-62.59%	-20.07%	-42.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-8.82%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-20.07%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	—	—
Current Drawdown Current decline from peak	0.00%	-4.71%	+4.71%
Average Drawdown Average peak-to-trough decline	-8.74%	-3.37%	-5.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.99%	-0.05%

Volatility

DVY vs. JEPQ - Volatility Comparison

The current volatility for iShares Select Dividend ETF (DVY) is 3.69%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.63%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVY	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	5.63%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	11.56%	-3.84%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	14.13%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	16.84%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	16.84%	+1.17%

DVY vs. JEPQ - Expense Ratio Comparison

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

Dividends

DVY vs. JEPQ - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.23%, less than JEPQ's 10.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.80%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVY and JEPQ in my portfolio?

DVY and JEPQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVY or JEPQ?

JEPQ has higher volatility (5.63%) compared to DVY (3.69%). In terms of maximum drawdown, DVY dropped -62.59% vs JEPQ's -20.07%.

Which ETF is better, DVY or JEPQ?

On 3-year performance, JEPQ leads with 17.64% vs 15.86% for DVY. On fees, JEPQ is cheaper at 0.35% per year. On volatility, DVY has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVY or JEPQ?

Over the 3-year period, JEPQ has performed better with a 17.64% return vs 15.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVY or JEPQ?

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

Which ETF pays a higher dividend yield, DVY or JEPQ?

JEPQ has the higher dividend yield at 10.80%, compared with 3.23% for DVY.

What is the main difference between DVY and JEPQ?

DVY is categorized as Large Cap Value Equities, while JEPQ is Nasdaq-100. DVY tracks Dow Jones U.S. Select Dividend Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.39% for DVY and 0.35% for JEPQ.

Which has better risk-adjusted returns?

DVY currently has the higher Sharpe Ratio (2.06 vs 1.23), 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.