LCDS vs. JEPI

Last updated Jun 4, 2026

LCDS (JPMorgan Fundamental Data Science Large Core ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - LCDS is a Large Cap Blend Equities fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past year, LCDS returned 27.70% vs 7.70% for JEPI. A 0.71 correlation means they provide meaningful diversification when combined. LCDS charges 0.30%/yr vs 0.35%/yr for JEPI.

Performance

LCDS vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Large Core ETF (LCDS) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCDS achieves a 10.32% return, which is significantly higher than JEPI's 0.15% return.

LCDS

• 1D: -0.62%
• 1M: 4.70%
• YTD: 10.32%
• 6M: 10.99%
• 1Y: 27.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

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

LCDS vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCDS JPMorgan Fundamental Data Science Large Core ETF	10.32%	17.66%	10.32%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	5.80%

Correlation

The correlation between LCDS and JEPI is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024	0.71

The correlation between LCDS and JEPI has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

Return for Risk

LCDS vs. JEPI — Risk / Return Rank

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

LCDS

LCDS Risk / Return Rank: 71
LCDS Sharpe Ratio Rank: 74
LCDS Sortino Ratio Rank: 73
LCDS Omega Ratio Rank: 72
LCDS Calmar Ratio Rank: 63
LCDS Martin Ratio Rank: 75

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

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.

LCDS vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Large Core ETF (LCDS) and JPMorgan Equity Premium Income ETF (JEPI). 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.

	LCDS	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.38	0.99	+1.40
Sortino ratio: Return per unit of downside risk	3.25	1.47	+1.78
Omega ratio: Gain probability vs. loss probability	1.43	1.18	+0.24
Calmar ratio: Return relative to maximum drawdown	3.08	1.16	+1.92
Martin ratio: Return relative to average drawdown	13.89	3.73	+10.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCDS vs. JEPI - Sharpe Ratio Comparison

The current LCDS Sharpe Ratio is 2.38, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of LCDS and JEPI, 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

	LCDS	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	0.99	+1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	1.01	+0.35

Drawdowns

LCDS vs. JEPI - Drawdown Comparison

The maximum LCDS drawdown since its inception was -18.39%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for LCDS and JEPI.

Drawdown Indicators

	LCDS	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-13.71%	-4.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-6.68%	-2.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.62%	-4.83%	+4.21%
Average Drawdown Average peak-to-trough decline	-2.19%	-2.12%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.07%	-0.07%

Volatility

LCDS vs. JEPI - Volatility Comparison

JPMorgan Fundamental Data Science Large Core ETF (LCDS) has a higher volatility of 2.75% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that LCDS's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCDS	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	1.35%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	6.07%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	7.85%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	11.06%	+5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	10.80%	+5.44%

LCDS vs. JEPI - Expense Ratio Comparison

LCDS has a 0.30% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

LCDS vs. JEPI - Dividend Comparison

LCDS's dividend yield for the trailing twelve months is around 0.88%, less than JEPI's 8.27% yield.

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%
LCDS JPMorgan Fundamental Data Science Large Core ETF	0.88%	0.92%	0.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCDS and JEPI in my portfolio?

LCDS and JEPI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCDS or JEPI?

LCDS has higher volatility (2.75%) compared to JEPI (1.35%). In terms of maximum drawdown, LCDS dropped -18.39% vs JEPI's -13.71%.

Which ETF is better, LCDS or JEPI?

On 1-year performance, LCDS leads with 27.70% vs 7.70% for JEPI. On fees, LCDS is cheaper at 0.30% 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.

Which ETF has performed better, LCDS or JEPI?

Over the 1-year period, LCDS has performed better with a 27.70% return vs 7.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDS or JEPI?

LCDS is cheaper with a 0.30% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, LCDS or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 0.88% for LCDS.

What is the main difference between LCDS and JEPI?

LCDS is categorized as Large Cap Blend Equities, while JEPI is Dividend. Their fees differ too: 0.30% for LCDS and 0.35% for JEPI.

Which has better risk-adjusted returns?

LCDS currently has the higher Sharpe Ratio (2.38 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.