JPEF vs. TDVG

Last updated Aug 2, 2026

JPEF (JPMorgan Equity Focus ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, JPEF returned 17.71%/yr vs 14.55%/yr for TDVG. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 0.50% expense ratio.

Performance

JPEF vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Focus ETF (JPEF) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPEF achieves a 7.28% return, which is significantly lower than TDVG's 10.93% return.

JPEF

• 1D: 1.05%
• 1M: 0.24%
• 6M: 5.98%
• YTD: 7.28%
• 1Y: 15.49%
• 3Y*: 17.71%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.66%

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JPEF JPMorgan Equity Focus ETF	$8.69M	$8.49M	$7.43M
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M

JPEF vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPEF JPMorgan Equity Focus ETF	7.28%	12.07%	28.19%	5.70%
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	3.66%

Correlation

The correlation between JPEF and TDVG is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.81

The correlation between JPEF and TDVG has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

JPEF vs. TDVG - Sectors Allocation Comparison

Sectors	JPEF	TDVG
Technology	34.7%	27.4%
Financial Services	13.6%	19.3%
Consumer Cyclical	9.9%	6.7%
Industrials	9.1%	14.4%
Communication Services	8.5%	0.8%
Healthcare	8.5%	12.8%
Energy	5.1%	4.5%
Real Estate	2.6%	1.5%
Utilities	2.6%	3.2%
Basic Materials	2.2%	2.8%
Consumer Defensive	1.7%	6.6%

Return for Risk

JPEF vs. TDVG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPEF

JPEF Risk / Return Rank: 47
JPEF Sharpe Ratio Rank: 44
JPEF Sortino Ratio Rank: 43
JPEF Omega Ratio Rank: 43
JPEF Calmar Ratio Rank: 46
JPEF Martin Ratio Rank: 57

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

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.

JPEF vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Focus ETF (JPEF) and T. Rowe Price Dividend Growth ETF (TDVG). 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.

	JPEF	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.87	-0.79
Sortino ratio: Return per unit of downside risk	1.58	2.69	-1.11
Omega ratio: Gain probability vs. loss probability	1.20	1.34	-0.14
Calmar ratio: Return relative to maximum drawdown	1.65	2.51	-0.87
Martin ratio: Return relative to average drawdown	6.78	10.48	-3.69

JPEF vs. TDVG - Sharpe Ratio Comparison

The current JPEF Sharpe Ratio is 1.09, which is lower than the TDVG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of JPEF and TDVG, 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

JPEF vs. TDVG - Drawdown Comparison

The maximum JPEF drawdown since its inception was -18.09%, smaller than the maximum TDVG drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for JPEF and TDVG.

Drawdown Indicators

	JPEF	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-18.09%	-19.20%	+1.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-7.24%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-14.02%	-4.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.20%	—
Current Drawdown Current decline from peak	-1.36%	-0.92%	-0.44%
Average Drawdown Average peak-to-trough decline	-2.13%	-3.67%	+1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.73%	+0.27%

Volatility

JPEF vs. TDVG - Volatility Comparison

JPMorgan Equity Focus ETF (JPEF) has a higher volatility of 3.96% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.20%. This indicates that JPEF's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEF	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	2.20%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	7.30%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	9.74%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	13.87%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	13.81%	+1.21%

JPEF vs. TDVG - Expense Ratio Comparison

Both JPEF and TDVG have an expense ratio of 0.50%.

Dividends

JPEF vs. TDVG - Dividend Comparison

JPEF's dividend yield for the trailing twelve months is around 0.65%, less than TDVG's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JPEF JPMorgan Equity Focus ETF	0.65%	0.70%	0.71%	0.39%	0.00%	0.00%	0.00%
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%

Frequently Asked Questions

Can I hold both JPEF and TDVG in my portfolio?

JPEF and TDVG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEF or TDVG?

JPEF has higher volatility (3.96%) compared to TDVG (2.20%). In terms of maximum drawdown, JPEF dropped -18.09% vs TDVG's -19.20%.

Which ETF is better, JPEF or TDVG?

On 3-year performance, JPEF leads with 17.71% vs 14.55% for TDVG. Both ETFs have the same 0.50% expense ratio. On volatility, TDVG has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEF or TDVG?

Over the 3-year period, JPEF has performed better with a 17.71% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEF or TDVG?

JPEF and TDVG have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, JPEF or TDVG?

TDVG has the higher dividend yield at 0.96%, compared with 0.65% for JPEF.

What is the main difference between JPEF and TDVG?

They also come from different issuers: JPMorgan and T. Rowe Price.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.87 vs 1.09), 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.