PRDGX vs. JEPIX

Last updated Jul 15, 2026

PRDGX (T. Rowe Price Dividend Growth Fund, Inc.) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - PRDGX is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, PRDGX returned 10.00%/yr vs 7.19%/yr for JEPIX. Their correlation of 0.86 suggests significant overlap in exposure. PRDGX charges 0.64%/yr vs 0.59%/yr for JEPIX.

Performance

PRDGX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) and JPMorgan Equity Premium Income Fund Class I (JEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRDGX achieves a 10.37% return, which is significantly higher than JEPIX's 3.00% return.

PRDGX

• 1D: -0.21%
• 1M: 1.97%
• 6M: 8.33%
• YTD: 10.37%
• 1Y: 17.06%
• 3Y*: 15.13%
• 5Y*: 10.00%
• 10Y*: 12.78%

JEPIX

• 1D: 0.00%
• 1M: 1.94%
• 6M: 1.44%
• YTD: 3.00%
• 1Y: 8.13%
• 3Y*: 8.94%
• 5Y*: 7.19%
• 10Y*: —

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

PRDGX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PRDGX T. Rowe Price Dividend Growth Fund, Inc.	10.37%	14.74%	13.48%	13.68%	-10.22%	26.03%	13.92%	31.76%	-8.41%
JEPIX JPMorgan Equity Premium Income Fund Class I	3.00%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between PRDGX and JEPIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.86

The correlation between PRDGX and JEPIX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

PRDGX vs. JEPIX — Risk / Return Rank

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

PRDGX

PRDGX Risk / Return Rank: 63
PRDGX Sharpe Ratio Rank: 65
PRDGX Sortino Ratio Rank: 66
PRDGX Omega Ratio Rank: 60
PRDGX Calmar Ratio Rank: 60
PRDGX Martin Ratio Rank: 66

JEPIX

JEPIX Risk / Return Rank: 20
JEPIX Sharpe Ratio Rank: 20
JEPIX Sortino Ratio Rank: 22
JEPIX Omega Ratio Rank: 22
JEPIX Calmar Ratio Rank: 18
JEPIX Martin Ratio Rank: 17

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.

PRDGX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) and JPMorgan Equity Premium Income Fund Class I (JEPIX). 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.

	PRDGX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	0.95	+0.84
Sortino ratio: Return per unit of downside risk	2.55	1.48	+1.08
Omega ratio: Gain probability vs. loss probability	1.32	1.18	+0.14
Calmar ratio: Return relative to maximum drawdown	2.37	1.11	+1.26
Martin ratio: Return relative to average drawdown	9.78	3.22	+6.55

PRDGX vs. JEPIX - Sharpe Ratio Comparison

The current PRDGX Sharpe Ratio is 1.78, which is higher than the JEPIX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of PRDGX and JEPIX, 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

PRDGX vs. JEPIX - Drawdown Comparison

The maximum PRDGX drawdown since its inception was -49.79%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for PRDGX and JEPIX.

Drawdown Indicators

	PRDGX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-32.63%	-17.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-7.41%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.15%	-13.42%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-13.67%	-5.64%
Max Drawdown (10Y) Largest decline over 10 years	-33.18%	—	—
Current Drawdown Current decline from peak	-0.24%	-2.19%	+1.95%
Average Drawdown Average peak-to-trough decline	-5.40%	-3.21%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.55%	-0.77%

Volatility

PRDGX vs. JEPIX - Volatility Comparison

T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) and JPMorgan Equity Premium Income Fund Class I (JEPIX) have volatilities of 2.20% and 2.20%, 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

	PRDGX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	2.20%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	7.02%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	8.71%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	11.48%	+2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.82%	14.68%	+1.14%

PRDGX vs. JEPIX - Expense Ratio Comparison

PRDGX has a 0.64% expense ratio, which is higher than JEPIX's 0.59% expense ratio.

Dividends

PRDGX vs. JEPIX - Dividend Comparison

PRDGX's dividend yield for the trailing twelve months is around 7.34%, less than JEPIX's 7.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPIX JPMorgan Equity Premium Income Fund Class I	7.97%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%
PRDGX T. Rowe Price Dividend Growth Fund, Inc.	7.34%	8.02%	4.66%	2.78%	3.81%	2.00%	1.03%	2.33%	3.67%	1.82%	3.07%	7.57%

Frequently Asked Questions

Can I hold both PRDGX and JEPIX in my portfolio?

PRDGX and JEPIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRDGX or JEPIX?

JEPIX has higher volatility (2.20%) compared to PRDGX (2.20%). In terms of maximum drawdown, PRDGX dropped -49.79% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

PRDGX currently has the higher Sharpe Ratio (1.78 vs 0.95), 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.