FIDI vs. JEPI
FIDI (Fidelity International High Dividend ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while JEPI is a Dividend fund actively managed by JPMorgan. FIDI is passively managed, while JEPI is actively managed. Over the past 5 years, FIDI returned 10.52%/yr vs 7.31%/yr for JEPI. A 0.59 correlation means they provide meaningful diversification when combined. FIDI charges 0.39%/yr vs 0.35%/yr for JEPI.
Performance
FIDI vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, FIDI achieves a 7.55% return, which is significantly higher than JEPI's 0.91% return.
FIDI
- 1D
- -0.58%
- 1M
- -2.55%
- YTD
- 7.55%
- 6M
- 7.30%
- 1Y
- 24.00%
- 3Y*
- 18.77%
- 5Y*
- 10.52%
- 10Y*
- —
JEPI
- 1D
- -0.43%
- 1M
- -0.19%
- YTD
- 0.91%
- 6M
- 0.64%
- 1Y
- 7.76%
- 3Y*
- 8.98%
- 5Y*
- 7.31%
- 10Y*
- —
FIDI vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 7.55% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | 22.63% |
JEPI JPMorgan Equity Premium Income ETF | 0.91% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between FIDI and JEPI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.59 |
The correlation between FIDI and JEPI has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
FIDI vs. JEPI — Risk / Return Rank
FIDI
JEPI
FIDI vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) 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.
| FIDI | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 1.17 | +2.30 |
| Martin ratioReturn relative to average drawdown | 12.08 | 3.44 | +8.64 |
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Drawdowns
FIDI vs. JEPI - Drawdown Comparison
The maximum FIDI drawdown since its inception was -46.34%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FIDI and JEPI.
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Drawdown Indicators
| FIDI | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.34% | -13.71% | -32.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -6.68% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -13.26% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -13.71% | -12.34% |
Current DrawdownCurrent decline from peak | -3.47% | -4.11% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -2.13% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.26% | -0.27% |
Volatility
FIDI vs. JEPI - Volatility Comparison
Fidelity International High Dividend ETF (FIDI) has a higher volatility of 3.25% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that FIDI'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
| FIDI | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.38% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 6.29% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 8.03% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 11.08% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 10.78% | +7.92% |
FIDI vs. JEPI - Expense Ratio Comparison
FIDI has a 0.39% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
FIDI vs. JEPI - Dividend Comparison
FIDI's dividend yield for the trailing twelve months is around 4.19%, less than JEPI's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.19% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% |
JEPI JPMorgan Equity Premium Income ETF | 8.21% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% |
Frequently Asked Questions
FIDI and JEPI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDI has higher volatility (3.25%) compared to JEPI (2.38%). In terms of maximum drawdown, FIDI dropped -46.34% vs JEPI's -13.71%.
On 5-year performance, FIDI leads with 10.52% vs 7.31% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 10.52% return vs 7.31%. 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 FIDI.
JEPI has the higher dividend yield at 8.21%, compared with 4.19% for FIDI.
FIDI is categorized as Foreign Large Cap Equities, while JEPI is Dividend. They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.39% for FIDI and 0.35% for JEPI.
FIDI currently has the higher Sharpe Ratio (2.05 vs 0.97), 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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