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DXQ.TO vs. JEPI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXQ.TO vs. JEPI.TO

Last updated Jun 4, 2026

DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) and JEPI.TO (JPMorgan US Equity Premium Income Active ETF) are both Derivative Income funds. Both are actively managed. Over the past year, DXQ.TO returned 19.04% vs 9.33% for JEPI.TO. A 0.53 correlation means they provide meaningful diversification when combined. DXQ.TO charges 0.72%/yr vs 0.35%/yr for JEPI.TO.

Performance

DXQ.TO vs. JEPI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and JPMorgan US Equity Premium Income Active ETF (JEPI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXQ.TO achieves a 6.80% return, which is significantly higher than JEPI.TO's 1.48% return.

DXQ.TO

1D
-0.70%
1M
2.65%
YTD
6.80%
6M
5.77%
1Y
19.04%
3Y*
17.27%
5Y*
—
10Y*
—

JEPI.TO

1D
0.57%
1M
0.42%
YTD
1.48%
6M
0.23%
1Y
9.33%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXQ.TO vs. JEPI.TO - Yearly Performance Comparison

2026 (YTD)20252024
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF		6.80%12.99%8.25%
JEPI.TO
JPMorgan US Equity Premium Income Active ETF		1.48%3.09%7.35%

Correlation

The correlation between DXQ.TO and JEPI.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2024

0.53

The correlation between DXQ.TO and JEPI.TO has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Dynamic Active Enhanced Yield Covered Options ETF

JPMorgan US Equity Premium Income Active ETF

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Often compared with JEPI.TO:
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Return for Risk

DXQ.TO vs. JEPI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXQ.TO
DXQ.TO Risk / Return Rank: 6565
Overall Rank
DXQ.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
DXQ.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
DXQ.TO Omega Ratio Rank: 6666
Omega Ratio Rank
DXQ.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DXQ.TO Martin Ratio Rank: 6060
Martin Ratio Rank
JEPI.TO
JEPI.TO Risk / Return Rank: 2828
Overall Rank
JEPI.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
JEPI.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
JEPI.TO Omega Ratio Rank: 2525
Omega Ratio Rank
JEPI.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
JEPI.TO Martin Ratio Rank: 3030
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.

DXQ.TO vs. JEPI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) and JPMorgan US Equity Premium Income Active ETF (JEPI.TO). 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.

DXQ.TOJEPI.TODifference
Sharpe ratioReturn per unit of total volatility
2.08
0.94

+1.13

Sortino ratioReturn per unit of downside risk
2.95
1.38

+1.56

Omega ratioGain probability vs. loss probability

1.40

1.17

+0.22

Calmar ratioReturn relative to maximum drawdown

3.74

1.76

+1.98

Martin ratioReturn relative to average drawdown

10.46

4.49

+5.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXQ.TO vs. JEPI.TO - Sharpe Ratio Comparison

The current DXQ.TO Sharpe Ratio is 2.08, which is higher than the JEPI.TO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of DXQ.TO and JEPI.TO, 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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Sharpe Ratios by Period

DXQ.TOJEPI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

0.94

+1.13

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

0.56

+1.05

Drawdowns

DXQ.TO vs. JEPI.TO - Drawdown Comparison

The maximum DXQ.TO drawdown since its inception was -15.54%, which is greater than JEPI.TO's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for DXQ.TO and JEPI.TO.

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Drawdown Indicators

DXQ.TOJEPI.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.54%

-14.36%

-1.18%

Max Drawdown (1Y)

Largest decline over 1 year

-5.11%

-5.32%

+0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-15.54%

—

—

Current Drawdown

Current decline from peak

-0.70%

-3.06%

+2.36%

Average Drawdown

Average peak-to-trough decline

-1.27%

-3.38%

+2.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

2.08%

-0.26%

Volatility

DXQ.TO vs. JEPI.TO - Volatility Comparison

Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) has a higher volatility of 2.38% compared to JPMorgan US Equity Premium Income Active ETF (JEPI.TO) at 2.14%. This indicates that DXQ.TO's price experiences larger fluctuations and is considered to be riskier than JEPI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXQ.TOJEPI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.38%

2.14%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

7.14%

7.68%

-0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

9.21%

9.92%

-0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.92%

12.92%

-2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.92%

12.92%

-2.00%

DXQ.TO vs. JEPI.TO - Expense Ratio Comparison

DXQ.TO has a 0.72% expense ratio, which is higher than JEPI.TO's 0.35% expense ratio.

Dividends

DXQ.TO vs. JEPI.TO - Dividend Comparison

DXQ.TO's dividend yield for the trailing twelve months is around 7.77%, less than JEPI.TO's 7.90% yield.

PositionTTM2025202420232022
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF		7.77%7.45%5.74%6.54%1.83%
JEPI.TO
JPMorgan US Equity Premium Income Active ETF		7.90%7.56%3.91%0.00%0.00%

Frequently Asked Questions

DXQ.TO and JEPI.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JEPI.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JEPI.TO is cheaper with a 0.35% expense ratio, compared with 0.72% for DXQ.TO.

They also come from different issuers: Dynamic and JPMorgan. Their fees differ too: 0.72% for DXQ.TO and 0.35% for JEPI.TO.

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