RDVI vs. JEPQ

Last updated Jun 3, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, RDVI returned 18.59%/yr vs 20.96%/yr for JEPQ. A 0.60 correlation means they provide meaningful diversification when combined. RDVI charges 0.75%/yr vs 0.35%/yr for JEPQ.

Performance

RDVI vs. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RDVI having a 9.35% return and JEPQ slightly higher at 9.65%.

RDVI

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

JEPQ

• 1D: 0.26%
• 1M: 4.36%
• YTD: 9.65%
• 6M: 10.05%
• 1Y: 29.60%
• 3Y*: 20.96%
• 5Y*: —
• 10Y*: —

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

RDVI vs. JEPQ - 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%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.65%	15.18%	24.85%	36.28%	1.73%

Correlation

The correlation between RDVI and JEPQ is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.61

The correlation between RDVI and JEPQ shifts across timeframes, from 0.56 (3 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.

RDVI vs. JEPQ - Sectors Allocation Comparison

Sectors	RDVI	JEPQ
Financial Services	36.5%	0.4%
Technology	17.6%	54.0%
Consumer Cyclical	12.2%	12.8%
Industrials	12.2%	3.1%
Healthcare	8.1%	4.4%
Communication Services	5.4%	15.4%
Consumer Defensive	4.1%	7.1%
Energy	1.4%	0.4%
Utilities	1.4%	1.3%
Basic Materials	-	1.0%
Real Estate	-	0.2%

Return for Risk

RDVI vs. JEPQ — 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

JEPQ

JEPQ Risk / Return Rank: 77
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 82
JEPQ Calmar Ratio Rank: 68
JEPQ Martin Ratio Rank: 83

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. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.54	-0.58
Sortino ratio Return per unit of downside risk	2.82	3.35	-0.53
Omega ratio Gain probability vs. loss probability	1.35	1.50	-0.15
Calmar ratio Return relative to maximum drawdown	3.11	3.42	-0.31
Martin ratio Return relative to average drawdown	13.16	16.82	-3.66
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. JEPQ - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 1.95, which is comparable to the JEPQ Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of RDVI and JEPQ, 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	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.54	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.01	+0.18

Drawdowns

RDVI vs. JEPQ - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for RDVI and JEPQ.

Drawdown Indicators

	RDVI	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-20.07%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-8.82%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-20.07%	+1.72%
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-3.18%	-3.42%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.79%	+0.22%

Volatility

RDVI vs. JEPQ - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 3.73% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.25%. This indicates that RDVI's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVI	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	1.25%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	9.07%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	11.73%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	16.62%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	16.62%	+0.29%

RDVI vs. JEPQ - Expense Ratio Comparison

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

Dividends

RDVI vs. JEPQ - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.94%, less than JEPQ's 10.06% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.06%	10.53%	9.65%	10.03%	9.44%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.94%	8.10%	8.62%	8.45%	1.53%

Frequently Asked Questions

Can I hold both RDVI and JEPQ in my portfolio?

RDVI and JEPQ have a correlation of 0.68, 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 JEPQ?

RDVI has higher volatility (3.73%) compared to JEPQ (1.25%). In terms of maximum drawdown, RDVI dropped -18.35% vs JEPQ's -20.07%.

Which ETF is better, RDVI or JEPQ?

On 3-year performance, JEPQ leads with 20.96% vs 18.59% for RDVI. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.96% return vs 18.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or JEPQ?

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

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

JEPQ has the higher dividend yield at 10.06%, compared with 7.94% for RDVI.

What is the main difference between RDVI and JEPQ?

RDVI is categorized as Derivative Income, while JEPQ is Nasdaq-100. RDVI tracks NASDAQ US Rising Dividend Achievers, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: FT Vest and JPMorgan. Their fees differ too: 0.75% for RDVI and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.54 vs 1.95), 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.