QDPL vs. JEPI

Last updated Aug 2, 2026

QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400, while JEPI is a Dividend fund actively managed by JPMorgan. QDPL is passively managed, while JEPI is actively managed. Over the past 5 years, QDPL returned 11.81%/yr vs 7.40%/yr for JEPI. Their 0.75 correlation means they have sometimes moved together and sometimes differently. QDPL charges 0.60%/yr vs 0.35%/yr for JEPI.

Performance

QDPL vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) 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, QDPL achieves a 9.38% return, which is significantly higher than JEPI's 4.52% return.

QDPL

• 1D: 0.60%
• 1M: -0.02%
• 6M: 8.07%
• YTD: 9.38%
• 1Y: 20.15%
• 3Y*: 17.85%
• 5Y*: 11.81%
• 10Y*: —
• ALL TIME*: 11.70%

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
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	$5.21M	$5.24M	$6.26M

QDPL vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	9.38%	16.52%	22.83%	23.66%	-16.25%	7.82%
JEPI JPMorgan Equity Premium Income ETF	4.52%	8.09%	12.57%	9.83%	-3.49%	7.37%

Correlation

The correlation between QDPL and JEPI is 0.55, 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.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021	0.75

The correlation between QDPL and JEPI shifts across timeframes, from 0.55 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

QDPL vs. JEPI - Sectors Allocation Comparison

Sectors	QDPL	JEPI
Technology	31.0%	15.4%
Financial Services	10.0%	8.9%
Communication Services	7.6%	6.1%
Healthcare	7.5%	12.9%
Consumer Cyclical	7.2%	9.8%
Industrials	6.3%	11.2%
Consumer Defensive	3.8%	7.7%
Energy	2.8%	2.6%
Utilities	2.2%	4.9%
Real Estate	1.6%	2.6%
Basic Materials	1.5%	1.6%

Return for Risk

QDPL vs. JEPI — Risk / Return Rank

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

QDPL

QDPL Risk / Return Rank: 63
QDPL Sharpe Ratio Rank: 61
QDPL Sortino Ratio Rank: 60
QDPL Omega Ratio Rank: 61
QDPL Calmar Ratio Rank: 60
QDPL Martin Ratio Rank: 73

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.

QDPL vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) 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.

	QDPL	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.25	+0.18
Sortino ratio: Return per unit of downside risk	2.03	1.85	+0.18
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	2.10	1.52	+0.58
Martin ratio: Return relative to average drawdown	9.06	4.32	+4.74

QDPL vs. JEPI - Sharpe Ratio Comparison

The current QDPL Sharpe Ratio is 1.43, which is comparable to the JEPI Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of QDPL 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

QDPL vs. JEPI - Drawdown Comparison

The maximum QDPL drawdown since its inception was -22.59%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for QDPL and JEPI.

Drawdown Indicators

	QDPL	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-22.59%	-13.71%	-8.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-6.68%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	-13.26%	-4.49%
Max Drawdown (5Y) Largest decline over 5 years	-22.59%	-13.71%	-8.88%
Current Drawdown Current decline from peak	-1.57%	-0.68%	-0.89%
Average Drawdown Average peak-to-trough decline	-5.04%	-2.13%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.36%	-0.36%

Volatility

QDPL vs. JEPI - Volatility Comparison

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) has a higher volatility of 3.02% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that QDPL'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

	QDPL	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.38%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	6.37%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	8.15%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	11.10%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	10.73%	+4.26%

QDPL vs. JEPI - Expense Ratio Comparison

QDPL has a 0.60% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

QDPL vs. JEPI - Dividend Comparison

QDPL's dividend yield for the trailing twelve months is around 4.58%, 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%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	4.58%	4.84%	5.43%	6.30%	7.27%	2.44%	0.00%

Frequently Asked Questions

Can I hold both QDPL and JEPI in my portfolio?

QDPL and JEPI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDPL or JEPI?

QDPL has higher volatility (3.02%) compared to JEPI (2.38%). In terms of maximum drawdown, QDPL dropped -22.59% vs JEPI's -13.71%.

Which ETF is better, QDPL or JEPI?

On 5-year performance, QDPL leads with 11.81% vs 7.40% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDPL or JEPI?

Over the 5-year period, QDPL has performed better with a 11.81% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDPL or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.60% for QDPL.

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

JEPI has the higher dividend yield at 7.34%, compared with 4.58% for QDPL.

What is the main difference between QDPL and JEPI?

QDPL is categorized as Large Cap Blend Equities, while JEPI is Dividend. They also come from different issuers: Pacer and JPMorgan. Their fees differ too: 0.60% for QDPL and 0.35% for JEPI.

Which has better risk-adjusted returns?

QDPL currently has the higher Sharpe Ratio (1.43 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.