RDVI vs. JEPI

Last updated Jun 3, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while JEPI is a Dividend fund actively managed by JPMorgan. RDVI is passively managed, while JEPI is actively managed. Over the past 3 years, RDVI returned 18.59%/yr vs 8.83%/yr for JEPI. A 0.74 correlation means they provide meaningful diversification when combined. RDVI charges 0.75%/yr vs 0.35%/yr for JEPI.

Performance

RDVI vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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, RDVI achieves a 9.35% return, which is significantly higher than JEPI's 0.01% return.

RDVI

• 1D: 0.95%
• 1M: 2.10%
• YTD: 9.35%
• 6M: 11.47%
• 1Y: 25.83%
• 3Y*: 18.59%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.02%
• 1M: -1.94%
• YTD: 0.01%
• 6M: 0.89%
• 1Y: 7.76%
• 3Y*: 8.83%
• 5Y*: 7.30%
• 10Y*: —

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

RDVI vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	9.35%	17.93%	14.56%	18.63%	9.91%
JEPI JPMorgan Equity Premium Income ETF	0.01%	8.09%	12.57%	9.83%	9.05%

Correlation

The correlation between RDVI and JEPI is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.74

The correlation between RDVI and JEPI has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

RDVI vs. JEPI - Sectors Allocation Comparison

Sectors	RDVI	JEPI
Financial Services	36.5%	9.8%
Technology	17.6%	19.1%
Consumer Cyclical	12.2%	11.7%
Industrials	12.2%	13.8%
Healthcare	8.1%	14.1%
Communication Services	5.4%	6.9%
Consumer Defensive	4.1%	9.6%
Energy	1.4%	3.5%
Utilities	1.4%	6.2%
Basic Materials	-	1.9%
Real Estate	-	3.5%

Return for Risk

RDVI vs. JEPI — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 61
RDVI Sharpe Ratio Rank: 57
RDVI Sortino Ratio Rank: 59
RDVI Omega Ratio Rank: 56
RDVI Calmar Ratio Rank: 62
RDVI Martin Ratio Rank: 69

JEPI

JEPI Risk / Return Rank: 27
JEPI Sharpe Ratio Rank: 28
JEPI Sortino Ratio Rank: 28
JEPI Omega Ratio Rank: 27
JEPI Calmar Ratio Rank: 25
JEPI Martin Ratio Rank: 27

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.

RDVI vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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.

	RDVI	JEPI	Difference
Sharpe ratio Return per unit of total volatility	1.95	0.99	+0.96
Sortino ratio Return per unit of downside risk	2.82	1.48	+1.34
Omega ratio Gain probability vs. loss probability	1.35	1.18	+0.16
Calmar ratio Return relative to maximum drawdown	3.11	1.18	+1.93
Martin ratio Return relative to average drawdown	13.16	3.87	+9.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVI vs. JEPI - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 1.95, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of RDVI 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

	RDVI	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	0.99	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.01	+0.18

Drawdowns

RDVI vs. JEPI - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for RDVI and JEPI.

Drawdown Indicators

	RDVI	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-13.71%	-4.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-6.68%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-13.26%	-5.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-0.50%	-4.96%	+4.46%
Average Drawdown Average peak-to-trough decline	-3.18%	-2.11%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.04%	-0.03%

Volatility

RDVI vs. JEPI - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 3.73% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.34%. This indicates that RDVI'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

	RDVI	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	1.34%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	6.10%	+4.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	7.85%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	11.06%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	10.80%	+6.11%

RDVI vs. JEPI - Expense Ratio Comparison

RDVI has a 0.75% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

RDVI vs. JEPI - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.94%, less than JEPI's 8.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	8.28%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.94%	8.10%	8.62%	8.45%	1.53%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDVI and JEPI in my portfolio?

RDVI 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, RDVI or JEPI?

RDVI has higher volatility (3.73%) compared to JEPI (1.34%). In terms of maximum drawdown, RDVI dropped -18.35% vs JEPI's -13.71%.

Which ETF is better, RDVI or JEPI?

On 3-year performance, RDVI leads with 18.59% vs 8.83% for JEPI. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or JEPI?

Over the 3-year period, RDVI has performed better with a 18.59% return vs 8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.75% for RDVI.

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

JEPI has the higher dividend yield at 8.28%, compared with 7.94% for RDVI.

What is the main difference between RDVI and JEPI?

RDVI is categorized as Derivative Income, while JEPI is Dividend. They also come from different issuers: FT Vest and JPMorgan. Their fees differ too: 0.75% for RDVI and 0.35% for JEPI.

Which has better risk-adjusted returns?

RDVI currently has the higher Sharpe Ratio (1.95 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.