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JEPI vs. DEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JEPI vs. DEW

Last updated Aug 5, 2026
Documentation

JEPI (JPMorgan Equity Premium Income ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. JEPI is actively managed, while DEW is passively managed. Over the past 5 years, JEPI returned 7.44%/yr vs 12.81%/yr for DEW. Their 0.75 correlation means they have sometimes moved together and sometimes differently. JEPI charges 0.35%/yr vs 0.58%/yr for DEW.

Performance

JEPI vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and WisdomTree Global High Dividend Fund (DEW). 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 achieves a 5.04% return, which is significantly lower than DEW's 19.37% return.

JEPI

1D
0.00%
1M
1.78%
6M
2.60%
YTD
5.04%
1Y
10.49%
3Y*
9.69%
5Y*
7.44%
10Y*
—
ALL TIME*
11.36%

DEW

1D
0.19%
1M
4.34%
6M
11.26%
YTD
19.37%
1Y
29.42%
3Y*
19.96%
5Y*
12.81%
10Y*
9.66%
ALL TIME*
6.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DEW

WisdomTree Global High Dividend Fund
$1.29M$686.10K$389.61K

JEPI

JPMorgan Equity Premium Income ETF
$281.46M$266.57M$294.72M

JEPI vs. DEW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
JEPI
JPMorgan Equity Premium Income ETF		5.04%8.09%12.57%9.83%-3.49%21.52%18.39%
DEW
WisdomTree Global High Dividend Fund		19.37%22.39%11.58%9.39%-2.73%21.29%19.69%

Correlation

The correlation between JEPI and DEW is 0.71, 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.

0.71

Correlation (3Y)
Balances recent behavior with more history.

0.75

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.77

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.75

The correlation between JEPI and DEW has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

JEPI vs. DEW - Sectors Allocation Comparison

Sectors
JEPI
DEW

Technology

15.4%
2.5%

Healthcare

12.9%
10.2%

Industrials

11.2%
5.0%

Consumer Cyclical

9.8%
3.5%

Financial Services

8.9%
25.8%

Consumer Defensive

7.7%
8.8%

Communication Services

6.1%
4.0%

Utilities

4.9%
11.5%

Real Estate

2.6%
11.7%

Energy

2.6%
14.5%

Basic Materials

1.6%
2.6%

Technology

JEPI
15.4%
DEW
2.5%

Healthcare

JEPI
12.9%
DEW
10.2%

Industrials

JEPI
11.2%
DEW
5.0%

Consumer Cyclical

JEPI
9.8%
DEW
3.5%

Financial Services

JEPI
8.9%
DEW
25.8%

Consumer Defensive

JEPI
7.7%
DEW
8.8%

Communication Services

JEPI
6.1%
DEW
4.0%

Utilities

JEPI
4.9%
DEW
11.5%

Real Estate

JEPI
2.6%
DEW
11.7%

Energy

JEPI
2.6%
DEW
14.5%

Basic Materials

JEPI
1.6%
DEW
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Equity Premium Income ETF

WisdomTree Global High Dividend Fund

Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. DIVO
Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SCHDDEW vs. SPYDEW vs. NOBLDEW vs. ^GSPCDEW vs. NTSX

Return for Risk

JEPI vs. DEW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
JEPI
JEPI Risk / Return Rank: 4444
Overall Rank
JEPI Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 4848
Sortino Ratio Rank
JEPI Omega Ratio Rank: 4646
Omega Ratio Rank
JEPI Calmar Ratio Rank: 4040
Calmar Ratio Rank
JEPI Martin Ratio Rank: 3939
Martin Ratio Rank
DEW
DEW Risk / Return Rank: 9494
Overall Rank
DEW Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 9595
Sortino Ratio Rank
DEW Omega Ratio Rank: 9595
Omega Ratio Rank
DEW Calmar Ratio Rank: 9393
Calmar Ratio Rank
DEW Martin Ratio Rank: 9393
Martin Ratio Rank
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.

JEPI vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and WisdomTree Global High Dividend Fund (DEW). 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.

JEPIDEWDifference
Sharpe ratioReturn per unit of total volatility
1.31
3.12

-1.80

Sortino ratioReturn per unit of downside risk
1.93
4.40

-2.48

Omega ratioGain probability vs. loss probability

1.24

1.57

-0.33

Calmar ratioReturn relative to maximum drawdown

1.58

4.66

-3.09

Martin ratioReturn relative to average drawdown

4.47

18.86

-14.39

JEPI vs. DEW - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 1.31, which is lower than the DEW Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of JEPI and DEW, 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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Drawdowns

JEPI vs. DEW - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for JEPI and DEW.

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Drawdown Indicators

JEPIDEWDifference

Max Drawdown

Largest peak-to-trough decline

-13.71%

-65.55%

+51.84%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-6.34%

-0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-13.26%

-11.80%

-1.46%

Max Drawdown (5Y)

Largest decline over 5 years

-13.71%

-18.86%

+5.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.77%

—

Current Drawdown

Current decline from peak

-0.18%

-0.21%

+0.03%

Average Drawdown

Average peak-to-trough decline

-2.13%

-12.34%

+10.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.35%

1.56%

+0.79%

Volatility

JEPI vs. DEW - Volatility Comparison

JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 2.21% compared to WisdomTree Global High Dividend Fund (DEW) at 2.02%. This indicates that JEPI's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JEPIDEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.21%

2.02%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

6.38%

7.24%

-0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

8.08%

9.51%

-1.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.11%

12.90%

-1.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.73%

15.37%

-4.64%

JEPI vs. DEW - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

JEPI vs. DEW - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 7.99%, more than DEW's 3.12% yield.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.12%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
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

JEPI and DEW have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JEPI has higher volatility (2.21%) compared to DEW (2.02%). In terms of maximum drawdown, JEPI dropped -13.71% vs DEW's -65.55%.

On 5-year performance, DEW leads with 12.81% vs 7.44% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, DEW has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DEW has performed better with a 12.81% return vs 7.44%. 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 0.58% for DEW.

JEPI has the higher dividend yield at 7.99%, compared with 3.12% for DEW.

JEPI is categorized as Dividend, while DEW is Large Cap Value Equities. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.35% for JEPI and 0.58% for DEW.

DEW currently has the higher Sharpe Ratio (3.12 vs 1.31), 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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