PFM vs. JEPI
Compare and contrast key facts about Invesco Dividend Achievers™ ETF (PFM) and JPMorgan Equity Premium Income ETF (JEPI).
PFM and JEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFM is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Broad Dividend Achievers Index. It was launched on Sep 15, 2005. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.
Performance
PFM vs. JEPI - Performance Comparison
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PFM vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | -0.42% | 14.00% | 16.87% | 11.40% | -6.22% | 23.08% | 22.17% |
JEPI JPMorgan Equity Premium Income ETF | 0.20% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, PFM achieves a -0.42% return, which is significantly lower than JEPI's 0.20% return.
PFM
- 1D
- 1.94%
- 1M
- -4.89%
- YTD
- -0.42%
- 6M
- 1.44%
- 1Y
- 13.27%
- 3Y*
- 13.63%
- 5Y*
- 9.94%
- 10Y*
- 11.05%
JEPI
- 1D
- 1.85%
- 1M
- -4.79%
- YTD
- 0.20%
- 6M
- 3.11%
- 1Y
- 7.84%
- 3Y*
- 9.57%
- 5Y*
- 8.26%
- 10Y*
- —
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PFM vs. JEPI - Expense Ratio Comparison
PFM has a 0.53% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Return for Risk
PFM vs. JEPI — Risk / Return Rank
PFM
JEPI
PFM vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) 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.
| PFM | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.60 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.93 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.85 | +0.51 |
Martin ratioReturn relative to average drawdown | 6.36 | 4.15 | +2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFM | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.60 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.75 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.03 | -0.53 |
Correlation
The correlation between PFM and JEPI is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PFM vs. JEPI - Dividend Comparison
PFM's dividend yield for the trailing twelve months is around 1.45%, less than JEPI's 8.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | 1.45% | 1.41% | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% |
JEPI JPMorgan Equity Premium Income ETF | 8.40% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFM vs. JEPI - Drawdown Comparison
The maximum PFM drawdown since its inception was -53.21%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PFM and JEPI.
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Drawdown Indicators
| PFM | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.21% | -13.71% | -39.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -10.28% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -13.71% | -4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.22% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -4.79% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -2.07% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.10% | +0.18% |
Volatility
PFM vs. JEPI - Volatility Comparison
Invesco Dividend Achievers™ ETF (PFM) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 3.82% and 3.95%, 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.
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Volatility by Period
| PFM | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.95% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 6.36% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 13.26% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 11.06% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 10.89% | +4.32% |