JPME vs. DNP

Last updated Jun 3, 2026

JPME (JPMorgan Diversified Return US Mid Cap Equity ETF) is Mid Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Mid Cap Equity Index, while DNP (DNP Select Income Fund Inc.) is a stock. Over the past 10 years, JPME returned 11.00%/yr vs 8.06%/yr for DNP. At a 0.38 correlation, their price movements are largely independent.

Performance

JPME vs. DNP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and DNP Select Income Fund Inc. (DNP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPME achieves a 13.26% return, which is significantly higher than DNP's 9.76% return. Over the past 10 years, JPME has outperformed DNP with an annualized return of 11.00%, while DNP has yielded a comparatively lower 8.06% annualized return.

JPME

• 1D: 0.93%
• 1M: 1.41%
• YTD: 13.26%
• 6M: 13.96%
• 1Y: 23.45%
• 3Y*: 15.36%
• 5Y*: 8.68%
• 10Y*: 11.00%

DNP

• 1D: 1.14%
• 1M: -0.05%
• YTD: 9.76%
• 6M: 10.03%
• 1Y: 17.46%
• 3Y*: 9.80%
• 5Y*: 8.45%
• 10Y*: 8.06%

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

JPME vs. DNP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	13.26%	8.26%	13.55%	11.28%	-10.12%	28.90%	8.46%	25.87%	-8.92%	19.09%
DNP DNP Select Income Fund Inc.	9.76%	22.61%	13.36%	-18.56%	10.96%	14.05%	-13.67%	31.00%	3.53%	13.29%

Correlation

The correlation between JPME and DNP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 19, 2016	0.38

Return for Risk

JPME vs. DNP — Risk / Return Rank

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

JPME

JPME Risk / Return Rank: 61
JPME Sharpe Ratio Rank: 57
JPME Sortino Ratio Rank: 59
JPME Omega Ratio Rank: 54
JPME Calmar Ratio Rank: 67
JPME Martin Ratio Rank: 68

DNP

DNP Risk / Return Rank: 83
DNP Sharpe Ratio Rank: 85
DNP Sortino Ratio Rank: 83
DNP Omega Ratio Rank: 81
DNP Calmar Ratio Rank: 80
DNP Martin Ratio Rank: 89

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.

JPME vs. DNP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and DNP Select Income Fund Inc. (DNP). 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.

	JPME	DNP	Difference
Sharpe ratio Return per unit of total volatility	1.95	1.80	+0.16
Sortino ratio Return per unit of downside risk	2.83	2.55	+0.28
Omega ratio Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio Return relative to maximum drawdown	3.40	2.66	+0.74
Martin ratio Return relative to average drawdown	12.67	11.21	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPME vs. DNP - Sharpe Ratio Comparison

The current JPME Sharpe Ratio is 1.95, which is comparable to the DNP Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of JPME and DNP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPME	DNP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.80	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.59	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.47	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.33	+0.31

Drawdowns

JPME vs. DNP - Drawdown Comparison

The maximum JPME drawdown since its inception was -41.01%, smaller than the maximum DNP drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for JPME and DNP.

Drawdown Indicators

	JPME	DNP	Difference
Max Drawdown Largest peak-to-trough decline	-41.01%	-48.49%	+7.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.84%	-6.42%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-18.29%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-24.31%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-39.56%	-1.45%
Current Drawdown Current decline from peak	0.00%	-1.79%	+1.79%
Average Drawdown Average peak-to-trough decline	-4.39%	-8.53%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.53%	+0.31%

Volatility

JPME vs. DNP - Volatility Comparison

JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and DNP Select Income Fund Inc. (DNP) have volatilities of 3.49% and 3.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPME	DNP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.34%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	8.52%	7.91%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	9.77%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	14.51%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	17.13%	+0.57%

Dividends

JPME vs. DNP - Dividend Comparison

JPME's dividend yield for the trailing twelve months is around 1.82%, less than DNP's 7.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNP DNP Select Income Fund Inc.	7.34%	7.81%	8.84%	9.20%	6.93%	7.18%	7.60%	6.11%	7.50%	7.22%	7.62%	8.71%
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	1.82%	2.03%	1.77%	1.84%	1.84%	1.44%	1.51%	1.68%	1.80%	1.17%	0.91%	0.00%

Frequently Asked Questions

Can I hold both JPME and DNP in my portfolio?

JPME and DNP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPME or DNP?

JPME has higher volatility (3.49%) compared to DNP (3.34%). In terms of maximum drawdown, JPME dropped -41.01% vs DNP's -48.49%.

Which has better risk-adjusted returns?

JPME currently has the higher Sharpe Ratio (1.95 vs 1.80), 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.