MCDS vs. JEPI

Last updated Aug 2, 2026

MCDS (JPMorgan Fundamental Data Science Mid Core ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - MCDS is a Mid 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, MCDS returned 21.68% vs 11.16% for JEPI. Their correlation of 0.82 means they have usually moved in the same direction. Both charge a 0.35% expense ratio.

Performance

MCDS vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Mid Core ETF (MCDS) 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, MCDS achieves a 15.90% return, which is significantly higher than JEPI's 4.52% return.

MCDS

• 1D: -0.15%
• 1M: 0.05%
• 6M: 13.29%
• YTD: 15.90%
• 1Y: 21.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.65%

JEPI

• 1D: 0.33%
• 1M: 1.27%
• 6M: 2.16%
• YTD: 4.52%
• 1Y: 11.16%
• 3Y*: 9.21%
• 5Y*: 7.40%
• 10Y*: —
• ALL TIME*: 11.29%

*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)
JEPI JPMorgan Equity Premium Income ETF	$260.98M	$260.42M	$297.70M
MCDS JPMorgan Fundamental Data Science Mid Core ETF	$117.48K	$57.47K	$28.02K

MCDS vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MCDS JPMorgan Fundamental Data Science Mid Core ETF	15.90%	6.51%	9.83%
JEPI JPMorgan Equity Premium Income ETF	4.52%	8.09%	7.59%

Correlation

The correlation between MCDS and JEPI is 0.76, 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.	0.76
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.82

The correlation between MCDS and JEPI has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

MCDS vs. JEPI - Sectors Allocation Comparison

Sectors	MCDS	JEPI
Technology	18.6%	15.4%
Industrials	17.2%	11.2%
Financial Services	12.9%	8.9%
Healthcare	11.0%	12.9%
Consumer Cyclical	10.4%	9.8%
Real Estate	6.7%	2.6%
Utilities	6.5%	4.9%
Energy	5.9%	2.6%
Consumer Defensive	4.7%	7.7%
Basic Materials	3.6%	1.6%
Communication Services	2.5%	6.1%

Return for Risk

MCDS vs. JEPI — Risk / Return Rank

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

MCDS

MCDS Risk / Return Rank: 71
MCDS Sharpe Ratio Rank: 65
MCDS Sortino Ratio Rank: 70
MCDS Omega Ratio Rank: 63
MCDS Calmar Ratio Rank: 76
MCDS Martin Ratio Rank: 79

JEPI

JEPI Risk / Return Rank: 48
JEPI Sharpe Ratio Rank: 52
JEPI Sortino Ratio Rank: 53
JEPI Omega Ratio Rank: 52
JEPI Calmar Ratio Rank: 43
JEPI Martin Ratio Rank: 41

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.

MCDS vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Mid Core ETF (MCDS) 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.

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.

	MCDS	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.25	+0.28
Sortino ratio: Return per unit of downside risk	2.28	1.85	+0.44
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.73	1.52	+1.20
Martin ratio: Return relative to average drawdown	10.41	4.32	+6.09

MCDS vs. JEPI - Sharpe Ratio Comparison

The current MCDS Sharpe Ratio is 1.53, which is comparable to the JEPI Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of MCDS 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.

Drawdowns

MCDS vs. JEPI - Drawdown Comparison

The maximum MCDS drawdown since its inception was -22.50%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for MCDS and JEPI.

Drawdown Indicators

	MCDS	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-13.71%	-8.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-6.68%	-0.79%
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	-0.50%	-0.68%	+0.18%
Average Drawdown Average peak-to-trough decline	-3.72%	-2.13%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.36%	-0.41%

Volatility

MCDS vs. JEPI - Volatility Comparison

JPMorgan Fundamental Data Science Mid Core ETF (MCDS) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 2.30% and 2.38%, 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

	MCDS	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	2.38%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	6.37%	+3.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.31%	8.15%	+5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	11.10%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	10.73%	+5.85%

MCDS vs. JEPI - Expense Ratio Comparison

Both MCDS and JEPI have an expense ratio of 0.35%.

Dividends

MCDS vs. JEPI - Dividend Comparison

MCDS's dividend yield for the trailing twelve months is around 1.04%, less than JEPI's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	7.34%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
MCDS JPMorgan Fundamental Data Science Mid Core ETF	1.04%	1.23%	0.64%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCDS and JEPI in my portfolio?

MCDS and JEPI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MCDS or JEPI?

JEPI has higher volatility (2.38%) compared to MCDS (2.30%). In terms of maximum drawdown, MCDS dropped -22.50% vs JEPI's -13.71%.

Which ETF is better, MCDS or JEPI?

On 1-year performance, MCDS leads with 21.68% vs 11.16% for JEPI. Both ETFs have the same 0.35% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MCDS or JEPI?

Over the 1-year period, MCDS has performed better with a 21.68% return vs 11.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MCDS or JEPI?

MCDS and JEPI have the same expense ratio: 0.35% per year.

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

JEPI has the higher dividend yield at 7.34%, compared with 1.04% for MCDS.

What is the main difference between MCDS and JEPI?

MCDS is categorized as Mid Cap Blend Equities, while JEPI is Dividend.

Which has better risk-adjusted returns?

MCDS currently has the higher Sharpe Ratio (1.53 vs 1.25), 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.