JEPI vs. RPIDX
JEPI (JPMorgan Equity Premium Income ETF) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both funds - JEPI is a Dividend fund actively managed by JPMorgan, while RPIDX is a Nontraditional Bonds fund managed by T. Rowe Price. Over the past 5 years, JEPI returned 7.45%/yr vs 4.46%/yr for RPIDX. At a correlation of -0.05, they often move in opposite directions. JEPI charges 0.35%/yr vs 0.63%/yr for RPIDX.
Performance
JEPI vs. RPIDX - Performance Comparison
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Returns By Period
In the year-to-date period, JEPI achieves a 1.29% return, which is significantly higher than RPIDX's 0.28% return.
JEPI
- 1D
- 0.43%
- 1M
- 0.90%
- YTD
- 1.29%
- 6M
- 1.18%
- 1Y
- 7.58%
- 3Y*
- 9.13%
- 5Y*
- 7.45%
- 10Y*
- —
RPIDX
- 1D
- -0.12%
- 1M
- -0.28%
- YTD
- 0.28%
- 6M
- 1.67%
- 1Y
- 7.02%
- 3Y*
- 7.95%
- 5Y*
- 4.46%
- 10Y*
- —
JEPI vs. RPIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 1.29% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
RPIDX T. Rowe Price Dynamic Credit Fund | 0.28% | 9.74% | 9.92% | 4.72% | -0.76% | 6.21% | 12.31% |
Correlation
The correlation between JEPI and RPIDX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | -0.05 |
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Return for Risk
JEPI vs. RPIDX — Risk / Return Rank
JEPI
RPIDX
JEPI vs. RPIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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 | RPIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.49 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 5.16 | -4.02 |
| Martin ratioReturn relative to average drawdown | 3.46 | 13.35 | -9.88 |
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Drawdowns
JEPI vs. RPIDX - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for JEPI and RPIDX.
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Drawdown Indicators
| JEPI | RPIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -19.95% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -1.34% | -5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -3.17% | -10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -7.31% | -6.40% |
Current DrawdownCurrent decline from peak | -3.75% | -0.74% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -1.87% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 0.52% | +1.68% |
Volatility
JEPI vs. RPIDX - Volatility Comparison
JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 2.05% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 0.70%. This indicates that JEPI's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI | RPIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.70% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 2.57% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 3.34% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.08% | 3.83% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 4.79% | +6.00% |
JEPI vs. RPIDX - Expense Ratio Comparison
JEPI has a 0.35% expense ratio, which is lower than RPIDX's 0.63% expense ratio.
Dividends
JEPI vs. RPIDX - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.18%, less than RPIDX's 9.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.18% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% |
RPIDX T. Rowe Price Dynamic Credit Fund | 9.92% | 9.91% | 9.20% | 6.64% | 7.97% | 5.34% | 7.14% | 4.41% |
Frequently Asked Questions
JEPI and RPIDX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (2.05%) compared to RPIDX (0.70%). In terms of maximum drawdown, JEPI dropped -13.71% vs RPIDX's -19.95%.
RPIDX currently has the higher Sharpe Ratio (2.08 vs 0.95), 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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