FDL vs. JEPI
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and JPMorgan Equity Premium Income ETF (JEPI).
FDL and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDL or JEPI.
Key characteristics
| FDL | JEPI | |
|---|---|---|
| YTD Return | 21.42% | 16.00% |
| 1Y Return | 35.46% | 20.33% |
| 3Y Return (Ann) | 12.31% | 8.37% |
| Sharpe Ratio | 3.10 | 3.04 |
| Sortino Ratio | 4.38 | 4.23 |
| Omega Ratio | 1.55 | 1.62 |
| Calmar Ratio | 3.03 | 5.53 |
| Martin Ratio | 22.49 | 21.64 |
| Ulcer Index | 1.61% | 0.99% |
| Daily Std Dev | 11.72% | 7.01% |
| Max Drawdown | -65.93% | -13.71% |
| Current Drawdown | -1.42% | 0.00% |
Correlation
The correlation between FDL and JEPI is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDL vs. JEPI - Performance Comparison
In the year-to-date period, FDL achieves a 21.42% return, which is significantly higher than JEPI's 16.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDL vs. JEPI - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
FDL vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) 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.
Dividends
FDL vs. JEPI - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.08%, less than JEPI's 7.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.08% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
JEPI JPMorgan Equity Premium Income ETF | 7.05% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDL vs. JEPI - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FDL and JEPI. For additional features, visit the drawdowns tool.
Volatility
FDL vs. JEPI - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) has a higher volatility of 3.51% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.99%. This indicates that FDL'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.