RDVY vs. JEPI

Last updated Jun 25, 2026

RDVY (First Trust Rising Dividend Achievers ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both Dividend funds. RDVY is passively managed, while JEPI is actively managed. Over the past 5 years, RDVY returned 12.43%/yr vs 7.28%/yr for JEPI. A 0.74 correlation means they provide meaningful diversification when combined. RDVY charges 0.47%/yr vs 0.35%/yr for JEPI.

Performance

RDVY vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Rising Dividend Achievers ETF (RDVY) 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, RDVY achieves a 13.93% return, which is significantly higher than JEPI's 1.33% return.

RDVY

• 1D: 0.47%
• 1M: 4.92%
• YTD: 13.93%
• 6M: 11.90%
• 1Y: 28.72%
• 3Y*: 21.86%
• 5Y*: 12.43%
• 10Y*: 16.57%

JEPI

• 1D: 0.41%
• 1M: 0.22%
• YTD: 1.33%
• 6M: 0.79%
• 1Y: 7.37%
• 3Y*: 9.13%
• 5Y*: 7.28%
• 10Y*: —

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

RDVY vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RDVY First Trust Rising Dividend Achievers ETF	13.93%	18.90%	16.41%	20.38%	-13.27%	31.14%	39.26%
JEPI JPMorgan Equity Premium Income ETF	1.33%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between RDVY and JEPI is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.74

The correlation between RDVY and JEPI has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.

RDVY vs. JEPI - Sectors Allocation Comparison

Sectors	RDVY	JEPI
Financial Services	33.5%	7.2%
Technology	26.9%	15.3%
Industrials	13.6%	9.7%
Consumer Cyclical	10.9%	10.0%
Communication Services	5.5%	6.3%
Healthcare	3.9%	11.6%
Consumer Defensive	3.4%	7.8%
Energy	2.4%	2.5%
Utilities	1.4%	4.7%
Basic Materials	-	1.7%
Real Estate	-	2.7%

Return for Risk

RDVY vs. JEPI — Risk / Return Rank

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

RDVY

RDVY Risk / Return Rank: 71
RDVY Sharpe Ratio Rank: 70
RDVY Sortino Ratio Rank: 71
RDVY Omega Ratio Rank: 65
RDVY Calmar Ratio Rank: 70
RDVY Martin Ratio Rank: 78

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 28
JEPI Sortino Ratio Rank: 27
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 25
JEPI Martin Ratio Rank: 26

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.

RDVY vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Rising Dividend Achievers ETF (RDVY) 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.

	RDVY	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.93	+1.07
Sortino ratio: Return per unit of downside risk	2.85	1.38	+1.47
Omega ratio: Gain probability vs. loss probability	1.35	1.17	+0.18
Calmar ratio: Return relative to maximum drawdown	3.19	1.11	+2.09
Martin ratio: Return relative to average drawdown	13.43	3.25	+10.18

RDVY vs. JEPI - Sharpe Ratio Comparison

The current RDVY Sharpe Ratio is 2.00, which is higher than the JEPI Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of RDVY 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

RDVY vs. JEPI - Drawdown Comparison

The maximum RDVY drawdown since its inception was -40.60%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for RDVY and JEPI.

Drawdown Indicators

	RDVY	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-13.71%	-26.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-6.68%	-2.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-13.26%	-5.85%
Max Drawdown (5Y) Largest decline over 5 years	-25.32%	-13.71%	-11.61%
Max Drawdown (10Y) Largest decline over 10 years	-40.60%	—	—
Current Drawdown Current decline from peak	-0.94%	-3.71%	+2.77%
Average Drawdown Average peak-to-trough decline	-4.98%	-2.13%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.27%	-0.13%

Volatility

RDVY vs. JEPI - Volatility Comparison

First Trust Rising Dividend Achievers ETF (RDVY) has a higher volatility of 5.06% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that RDVY'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

	RDVY	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	2.38%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	6.30%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	8.02%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	11.08%	+7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	10.78%	+10.32%

RDVY vs. JEPI - Expense Ratio Comparison

RDVY has a 0.47% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

RDVY vs. JEPI - Dividend Comparison

RDVY's dividend yield for the trailing twelve months is around 0.89%, less than JEPI's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPI JPMorgan Equity Premium Income ETF	8.18%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%
RDVY First Trust Rising Dividend Achievers ETF	0.89%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both RDVY and JEPI in my portfolio?

RDVY and JEPI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVY or JEPI?

RDVY has higher volatility (5.06%) compared to JEPI (2.38%). In terms of maximum drawdown, RDVY dropped -40.60% vs JEPI's -13.71%.

Which ETF is better, RDVY or JEPI?

On 5-year performance, RDVY leads with 12.43% vs 7.28% 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, RDVY or JEPI?

Over the 5-year period, RDVY has performed better with a 12.43% return vs 7.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVY or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.47% for RDVY.

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

JEPI has the higher dividend yield at 8.18%, compared with 0.89% for RDVY.

What is the main difference between RDVY and JEPI?

They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.47% for RDVY and 0.35% for JEPI.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (2.00 vs 0.93), 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.