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

JEPI.TO vs. DXQ.TO

Last updated Jun 4, 2026

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

Performance

JEPI.TO vs. DXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in JPMorgan US Equity Premium Income Active ETF (JEPI.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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, JEPI.TO achieves a 1.48% return, which is significantly lower than DXQ.TO's 6.80% return.

JEPI.TO

1D
0.57%
1M
0.42%
YTD
1.48%
6M
0.23%
1Y
9.33%
3Y*
—
5Y*
—
10Y*
—

DXQ.TO

1D
-0.70%
1M
2.65%
YTD
6.80%
6M
5.77%
1Y
19.04%
3Y*
17.27%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

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

Correlation

The correlation between JEPI.TO and DXQ.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 JEPI.TO and DXQ.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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JPMorgan US Equity Premium Income Active ETF

Dynamic Active Enhanced Yield Covered Options ETF

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Often compared with DXQ.TO:
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Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
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
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.

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

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

JEPI.TODXQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.94
2.08

-1.13

Sortino ratioReturn per unit of downside risk
1.38
2.95

-1.56

Omega ratioGain probability vs. loss probability

1.17

1.40

-0.22

Calmar ratioReturn relative to maximum drawdown

1.76

3.74

-1.98

Martin ratioReturn relative to average drawdown

4.49

10.46

-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.

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

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

JEPI.TODXQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.94

2.08

-1.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

1.61

-1.05

Drawdowns

JEPI.TO vs. DXQ.TO - Drawdown Comparison

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

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Drawdown Indicators

JEPI.TODXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-14.36%

-15.54%

+1.18%

Max Drawdown (1Y)

Largest decline over 1 year

-5.32%

-5.11%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.54%

—

Current Drawdown

Current decline from peak

-3.06%

-0.70%

-2.36%

Average Drawdown

Average peak-to-trough decline

-3.38%

-1.27%

-2.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

1.82%

+0.26%

Volatility

JEPI.TO vs. DXQ.TO - Volatility Comparison

The current volatility for JPMorgan US Equity Premium Income Active ETF (JEPI.TO) is 2.14%, while Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) has a volatility of 2.38%. This indicates that JEPI.TO experiences smaller price fluctuations and is considered to be less risky than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JEPI.TODXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.14%

2.38%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

7.68%

7.14%

+0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

9.92%

9.21%

+0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.92%

10.92%

+2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.92%

10.92%

+2.00%

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

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

Dividends

JEPI.TO vs. DXQ.TO - Dividend Comparison

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

JEPI.TO and DXQ.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: JPMorgan and Dynamic. Their fees differ too: 0.35% for JEPI.TO and 0.72% for DXQ.TO.

Portfolio Optimizer

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