JEPI vs. SCDL
JEPI (JPMorgan Equity Premium Income ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%). JEPI is actively managed, while SCDL is passively managed. Over the past 5 years, JEPI returned 7.26%/yr vs 9.40%/yr for SCDL. A 0.80 correlation means they provide meaningful diversification when combined. JEPI charges 0.35%/yr vs 0.95%/yr for SCDL.
Performance
JEPI vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, JEPI achieves a 0.15% return, which is significantly lower than SCDL's 37.06% return.
JEPI
- 1D
- 0.14%
- 1M
- -1.54%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 7.70%
- 3Y*
- 8.88%
- 5Y*
- 7.26%
- 10Y*
- —
SCDL
- 1D
- 0.51%
- 1M
- 5.01%
- YTD
- 37.06%
- 6M
- 35.80%
- 1Y
- 50.97%
- 3Y*
- 22.79%
- 5Y*
- 9.40%
- 10Y*
- —
JEPI vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 0.15% | 8.09% | 12.57% | 9.83% | -3.49% | 20.40% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 37.06% | 2.05% | 14.99% | 0.18% | -13.06% | 52.47% |
Correlation
The correlation between JEPI and SCDL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.80 |
The correlation between JEPI and SCDL shifts across timeframes, from 0.68 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JEPI vs. SCDL — Risk / Return Rank
JEPI
SCDL
JEPI vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). 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 | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 5.03 | -3.87 |
| Martin ratioReturn relative to average drawdown | 3.73 | 12.65 | -8.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEPI | SCDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.37 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.33 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.53 | +0.48 |
Drawdowns
JEPI vs. SCDL - Drawdown Comparison
The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum SCDL drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for JEPI and SCDL.
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Drawdown Indicators
| JEPI | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -34.87% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -10.19% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -32.79% | +19.53% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -34.87% | +21.16% |
Current DrawdownCurrent decline from peak | -4.83% | -2.79% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -11.96% | +9.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 4.04% | -1.97% |
Volatility
JEPI vs. SCDL - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.35%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 5.20%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than SCDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 5.20% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 14.82% | -8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.85% | 21.66% | -13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 29.02% | -17.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.80% | 28.89% | -18.09% |
JEPI vs. SCDL - Expense Ratio Comparison
JEPI has a 0.35% expense ratio, which is lower than SCDL's 0.95% expense ratio.
Dividends
JEPI vs. SCDL - Dividend Comparison
JEPI's dividend yield for the trailing twelve months is around 8.27%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.27% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEPI and SCDL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCDL has higher volatility (5.20%) compared to JEPI (1.35%). In terms of maximum drawdown, JEPI dropped -13.71% vs SCDL's -34.87%.
On 5-year performance, SCDL leads with 9.40% vs 7.26% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCDL has performed better with a 9.40% return vs 7.26%. 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 0.95% for SCDL.
JEPI has the higher dividend yield at 8.27%, compared with 0.00% for SCDL.
JEPI is categorized as Dividend, while SCDL is Leveraged Equities. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.35% for JEPI and 0.95% for SCDL.
SCDL currently has the higher Sharpe Ratio (2.37 vs 0.99), 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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