JEPI vs. VDADX

Last updated Jun 13, 2026

JEPI (JPMorgan Equity Premium Income ETF) and VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) are both Dividend funds. JEPI is actively managed, while VDADX is passively managed. Over the past 5 years, JEPI returned 7.45%/yr vs 10.60%/yr for VDADX. Their correlation of 0.90 suggests significant overlap in exposure. JEPI charges 0.35%/yr vs 0.07%/yr for VDADX.

Performance

JEPI vs. VDADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPI achieves a 1.29% return, which is significantly lower than VDADX's 7.11% return.

JEPI

• 1D: 0.43%
• 1M: 0.90%
• YTD: 1.29%
• 6M: 1.18%
• 1Y: 7.58%
• 3Y*: 9.13%
• 5Y*: 7.45%
• 10Y*: —

VDADX

• 1D: 1.27%
• 1M: 2.55%
• YTD: 7.11%
• 6M: 6.43%
• 1Y: 17.59%
• 3Y*: 15.97%
• 5Y*: 10.60%
• 10Y*: 13.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JEPI vs. VDADX - 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%
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares	7.11%	14.17%	16.99%	14.44%	-9.80%	23.59%	25.60%

Correlation

The correlation between JEPI and VDADX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.90

The correlation between JEPI and VDADX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

JEPI vs. VDADX - Sectors Allocation Comparison

Sectors	JEPI	VDADX
Technology	19.1%	26.2%
Healthcare	14.1%	16.5%
Industrials	13.8%	11.8%
Consumer Cyclical	11.7%	4.7%
Financial Services	9.8%	20.6%
Consumer Defensive	9.6%	10.1%
Communication Services	6.9%	0.5%
Utilities	6.2%	3.2%
Real Estate	3.5%	-
Energy	3.5%	3.5%
Basic Materials	1.9%	3.5%

Return for Risk

JEPI vs. VDADX — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 28
JEPI Sharpe Ratio Rank: 30
JEPI Sortino Ratio Rank: 29
JEPI Omega Ratio Rank: 28
JEPI Calmar Ratio Rank: 27
JEPI Martin Ratio Rank: 28

VDADX

VDADX Risk / Return Rank: 60
VDADX Sharpe Ratio Rank: 61
VDADX Sortino Ratio Rank: 65
VDADX Omega Ratio Rank: 57
VDADX Calmar Ratio Rank: 56
VDADX Martin Ratio Rank: 59

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 vs. VDADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX). 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	VDADX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.80	-0.85
Sortino ratio: Return per unit of downside risk	1.42	2.61	-1.19
Omega ratio: Gain probability vs. loss probability	1.17	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.14	2.33	-1.20
Martin ratio: Return relative to average drawdown	3.46	9.37	-5.91

JEPI vs. VDADX - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.95, which is lower than the VDADX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of JEPI and VDADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEPI vs. VDADX - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum VDADX drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JEPI and VDADX.

Drawdown Indicators

	JEPI	VDADX	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-31.70%	+17.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-7.93%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-14.95%	+1.69%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	-20.42%	+6.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.70%	—
Current Drawdown Current decline from peak	-3.75%	-0.81%	-2.94%
Average Drawdown Average peak-to-trough decline	-2.13%	-3.40%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.97%	+0.23%

Volatility

JEPI vs. VDADX - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 2.05%, while Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) has a volatility of 2.95%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than VDADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPI	VDADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	2.95%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	7.87%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	10.27%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	14.30%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.79%	16.20%	-5.41%

JEPI vs. VDADX - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is higher than VDADX's 0.07% expense ratio.

Dividends

JEPI vs. VDADX - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.18%, more than VDADX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPI JPMorgan Equity Premium Income ETF	8.18%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares	1.45%	1.60%	1.71%	1.86%	1.94%	1.53%	1.61%	1.69%	2.07%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both JEPI and VDADX in my portfolio?

JEPI and VDADX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPI or VDADX?

VDADX has higher volatility (2.95%) compared to JEPI (2.05%). In terms of maximum drawdown, JEPI dropped -13.71% vs VDADX's -31.70%.

Which has better risk-adjusted returns?

VDADX currently has the higher Sharpe Ratio (1.80 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.