HDV vs. JEPI
HDV (iShares Core High Dividend ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both Dividend funds. HDV is passively managed, while JEPI is actively managed. Over the past 5 years, HDV returned 12.13%/yr vs 7.50%/yr for JEPI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. HDV charges 0.08%/yr vs 0.35%/yr for JEPI.
Performance
HDV vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 19.66% return, which is significantly higher than JEPI's 5.04% return.
HDV
- 1D
- -0.31%
- 1M
- 2.46%
- 6M
- 10.00%
- YTD
- 19.66%
- 1Y
- 25.24%
- 3Y*
- 15.80%
- 5Y*
- 12.13%
- 10Y*
- 9.57%
- ALL TIME*
- 10.80%
JEPI
- 1D
- 0.50%
- 1M
- 1.78%
- 6M
- 2.32%
- YTD
- 5.04%
- 1Y
- 11.72%
- 3Y*
- 9.69%
- 5Y*
- 7.50%
- 10Y*
- —
- ALL TIME*
- 11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.30M | $156.51M | $108.57M | |
| $264.83M | $261.34M | $294.89M |
HDV vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 19.66% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | 10.51% |
JEPI JPMorgan Equity Premium Income ETF | 5.04% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between HDV and JEPI is 0.51, 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. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.70 |
The correlation between HDV and JEPI shifts across timeframes, from 0.51 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
HDV vs. JEPI - Sectors Allocation Comparison
Sectors
HDV
JEPI
Consumer Defensive
Healthcare
Energy
Consumer Cyclical
Utilities
Communication Services
Financial Services
Industrials
Technology
Basic Materials
Real Estate
-
Consumer Defensive
HDV
JEPI
Healthcare
HDV
JEPI
Energy
HDV
JEPI
Consumer Cyclical
HDV
JEPI
Utilities
HDV
JEPI
Communication Services
HDV
JEPI
Financial Services
HDV
JEPI
Industrials
HDV
JEPI
Technology
HDV
JEPI
Basic Materials
HDV
JEPI
Real Estate
HDV
-
JEPI
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Return for Risk
HDV vs. JEPI — Risk / Return Rank
HDV
JEPI
HDV vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.
| HDV | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.27 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 1.76 | +3.14 |
| Martin ratioReturn relative to average drawdown | 13.39 | 4.99 | +8.40 |
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Drawdowns
HDV vs. JEPI - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for HDV and JEPI.
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Drawdown Indicators
| HDV | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -13.71% | -23.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -6.68% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -13.26% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -13.71% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -0.18% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -2.13% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.35% | -0.46% |
Volatility
HDV vs. JEPI - Volatility Comparison
iShares Core High Dividend ETF (HDV) has a higher volatility of 4.52% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.21%. This indicates that HDV'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
| HDV | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 2.21% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 6.39% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 8.10% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 11.11% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 10.73% | +5.06% |
HDV vs. JEPI - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
HDV vs. JEPI - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.08%, less than JEPI's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.08% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
JEPI JPMorgan Equity Premium Income ETF | 7.99% | 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
HDV and JEPI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.52%) compared to JEPI (2.21%). In terms of maximum drawdown, HDV dropped -37.04% vs JEPI's -13.71%.
On 5-year performance, HDV leads with 12.13% vs 7.50% for JEPI. On fees, HDV is cheaper at 0.08% per year. On volatility, JEPI has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HDV has performed better with a 12.13% return vs 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 7.99%, compared with 3.08% for HDV.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.08% for HDV and 0.35% for JEPI.
HDV currently has the higher Sharpe Ratio (2.34 vs 1.46), 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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