JEPI vs. PDI
JEPI (JPMorgan Equity Premium Income ETF) is Dividend fund actively managed by JPMorgan, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 5 years, JEPI returned 7.19%/yr vs 2.84%/yr for PDI. At a 0.35 correlation, their price movements are largely independent.
Performance
JEPI vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, JEPI achieves a 2.63% return, which is significantly higher than PDI's 0.51% return.
JEPI
- 1D
- -0.28%
- 1M
- 1.21%
- 6M
- 0.57%
- YTD
- 2.63%
- 1Y
- 7.22%
- 3Y*
- 8.54%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 11.02%
PDI
- 1D
- -0.31%
- 1M
- 1.08%
- 6M
- -3.00%
- YTD
- 0.51%
- 1Y
- -0.48%
- 3Y*
- 9.66%
- 5Y*
- 2.84%
- 10Y*
- 7.02%
- ALL TIME*
- 10.02%
JEPI vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 2.63% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
PDI PIMCO Dynamic Income Fund | 0.51% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | 20.65% |
Correlation
The correlation between JEPI and PDI is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.35 |
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Return for Risk
JEPI vs. PDI — Risk / Return Rank
JEPI
PDI
JEPI vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and PIMCO Dynamic Income Fund (PDI). 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.
| JEPI | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | -0.04 | +1.13 |
| Martin ratioReturn relative to average drawdown | 3.07 | -0.09 | +3.16 |
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Drawdowns
JEPI vs. PDI - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for JEPI and PDI.
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Drawdown Indicators
| JEPI | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -46.47% | +32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -10.95% | +4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -17.55% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -27.19% | +13.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -2.48% | -7.34% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -6.22% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 5.54% | -3.18% |
Volatility
JEPI vs. PDI - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.87%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 2.40%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 2.40% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 6.39% | 8.55% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 11.62% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 15.57% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.75% | 19.05% | -8.30% |
Dividends
JEPI vs. PDI - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.11%, less than PDI's 16.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.11% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDI PIMCO Dynamic Income Fund | 16.24% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
JEPI and PDI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (2.40%) compared to JEPI (1.87%). In terms of maximum drawdown, JEPI dropped -13.71% vs PDI's -46.47%.
JEPI currently has the higher Sharpe Ratio (0.90 vs -0.04), 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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