JDOC vs. JEPI

Last updated Aug 4, 2026

JDOC (Jpmorgan Healthcare Leaders ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JDOC is a Health & Biotech Equities fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past year, JDOC returned 23.57% vs 11.72% for JEPI. Their 0.65 correlation means they have sometimes moved together and sometimes differently. JDOC charges 0.65%/yr vs 0.35%/yr for JEPI.

Performance

JDOC vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Healthcare Leaders ETF (JDOC) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDOC achieves a 4.29% return, which is significantly lower than JEPI's 5.04% return.

JDOC

• 1D: -0.50%
• 1M: -2.51%
• 6M: 2.15%
• YTD: 4.29%
• 1Y: 23.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.54%

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%

*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)
JDOC Jpmorgan Healthcare Leaders ETF	$21.20K	$19.99K	$31.46K
JEPI JPMorgan Equity Premium Income ETF	$264.83M	$261.34M	$294.89M

JDOC vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDOC Jpmorgan Healthcare Leaders ETF	4.29%	15.36%	-1.04%	7.92%
JEPI JPMorgan Equity Premium Income ETF	5.04%	8.09%	12.57%	5.83%

Correlation

The correlation between JDOC and JEPI is 0.59, 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.	0.59
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.65

The correlation between JDOC and JEPI has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

JDOC vs. JEPI - Sectors Allocation Comparison

Sectors	JDOC	JEPI
Healthcare	100.0%	12.9%
Basic Materials	-	1.6%
Communication Services	-	6.1%
Consumer Cyclical	-	9.8%
Consumer Defensive	-	7.7%
Energy	-	2.6%
Financial Services	-	8.9%
Industrials	-	11.2%
Real Estate	-	2.6%
Technology	-	15.4%
Utilities	-	4.9%

Return for Risk

JDOC vs. JEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JDOC

JDOC Risk / Return Rank: 63
JDOC Sharpe Ratio Rank: 65
JDOC Sortino Ratio Rank: 73
JDOC Omega Ratio Rank: 61
JDOC Calmar Ratio Rank: 65
JDOC Martin Ratio Rank: 51

JEPI

JEPI Risk / Return Rank: 56
JEPI Sharpe Ratio Rank: 61
JEPI Sortino Ratio Rank: 63
JEPI Omega Ratio Rank: 62
JEPI Calmar Ratio Rank: 48
JEPI Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JDOC vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Healthcare Leaders ETF (JDOC) 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.

	JDOC	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.46	+0.14
Sortino ratio: Return per unit of downside risk	2.53	2.14	+0.39
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.44	1.76	+0.68
Martin ratio: Return relative to average drawdown	6.25	4.99	+1.26

JDOC vs. JEPI - Sharpe Ratio Comparison

The current JDOC Sharpe Ratio is 1.60, which is comparable to the JEPI Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of JDOC and JEPI, 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

JDOC vs. JEPI - Drawdown Comparison

The maximum JDOC drawdown since its inception was -20.87%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JDOC and JEPI.

Drawdown Indicators

	JDOC	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-13.71%	-7.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-6.68%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-3.07%	-0.18%	-2.89%
Average Drawdown Average peak-to-trough decline	-6.72%	-2.13%	-4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	2.35%	+1.43%

Volatility

JDOC vs. JEPI - Volatility Comparison

Jpmorgan Healthcare Leaders ETF (JDOC) has a higher volatility of 4.64% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.21%. This indicates that JDOC'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.

Volatility by Period

	JDOC	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	2.21%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	6.39%	+5.21%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	8.10%	+6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	11.11%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.69%	10.73%	+3.96%

JDOC vs. JEPI - Expense Ratio Comparison

JDOC has a 0.65% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

JDOC vs. JEPI - Dividend Comparison

JDOC's dividend yield for the trailing twelve months is around 0.85%, less than JEPI's 7.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JDOC Jpmorgan Healthcare Leaders ETF	0.85%	0.89%	5.57%	0.15%	0.00%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	7.99%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both JDOC and JEPI in my portfolio?

JDOC and JEPI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDOC or JEPI?

JDOC has higher volatility (4.64%) compared to JEPI (2.21%). In terms of maximum drawdown, JDOC dropped -20.87% vs JEPI's -13.71%.

Which ETF is better, JDOC or JEPI?

On 1-year performance, JDOC leads with 23.57% vs 11.72% for JEPI. On fees, JEPI is cheaper at 0.35% 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.

Which ETF has performed better, JDOC or JEPI?

Over the 1-year period, JDOC has performed better with a 23.57% return vs 11.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDOC or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.65% for JDOC.

Which ETF pays a higher dividend yield, JDOC or JEPI?

JEPI has the higher dividend yield at 7.99%, compared with 0.85% for JDOC.

What is the main difference between JDOC and JEPI?

JDOC is categorized as Health & Biotech Equities, while JEPI is Dividend. Their fees differ too: 0.65% for JDOC and 0.35% for JEPI.

Which has better risk-adjusted returns?

JDOC currently has the higher Sharpe Ratio (1.60 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.