TDIV.AS vs. JEPI

Last updated Jul 17, 2026

TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while JEPI is a Dividend fund actively managed by JPMorgan. TDIV.AS is passively managed, while JEPI is actively managed. Over the past 5 years, TDIV.AS returned 18.49%/yr vs 7.88%/yr for JEPI. At a 0.30 correlation, their price movements are largely independent. TDIV.AS charges 0.38%/yr vs 0.35%/yr for JEPI.

Performance

TDIV.AS vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TDIV.AS is traded in EUR, while JEPI is traded in USD. To make them comparable, the JEPI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TDIV.AS achieves a 14.54% return, which is significantly higher than JEPI's 5.51% return.

TDIV.AS

• 1D: 0.67%
• 1M: 3.18%
• 6M: 12.00%
• YTD: 14.54%
• 1Y: 32.43%
• 3Y*: 21.77%
• 5Y*: 18.49%
• 10Y*: 12.19%

JEPI

• 1D: 0.00%
• 1M: 2.01%
• 6M: 2.16%
• YTD: 5.51%
• 1Y: 9.82%
• 3Y*: 8.26%
• 5Y*: 7.88%
• 10Y*: —

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

TDIV.AS vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	14.54%	24.39%	15.90%	11.75%	15.40%	27.83%	13.29%
JEPI JPMorgan Equity Premium Income ETF	6.43%	-4.74%	20.00%	6.53%	2.49%	30.61%	6.07%

Correlation

The correlation between TDIV.AS and JEPI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.30

Return for Risk

TDIV.AS vs. JEPI — Risk / Return Rank

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

TDIV.AS

TDIV.AS Risk / Return Rank: 96
TDIV.AS Sharpe Ratio Rank: 97
TDIV.AS Sortino Ratio Rank: 97
TDIV.AS Omega Ratio Rank: 96
TDIV.AS Calmar Ratio Rank: 97
TDIV.AS Martin Ratio Rank: 96

JEPI

JEPI Risk / Return Rank: 35
JEPI Sharpe Ratio Rank: 37
JEPI Sortino Ratio Rank: 37
JEPI Omega Ratio Rank: 36
JEPI Calmar Ratio Rank: 32
JEPI Martin Ratio Rank: 32

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.

TDIV.AS vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) 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.

	TDIV.AS	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	3.51	1.10	+2.41
Sortino ratio: Return per unit of downside risk	4.98	1.50	+3.48
Omega ratio: Gain probability vs. loss probability	1.65	1.20	+0.46
Calmar ratio: Return relative to maximum drawdown	9.11	1.88	+7.23
Martin ratio: Return relative to average drawdown	25.83	4.83	+21.00

TDIV.AS vs. JEPI - Sharpe Ratio Comparison

The current TDIV.AS Sharpe Ratio is 3.51, which is higher than the JEPI Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of TDIV.AS 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

TDIV.AS vs. JEPI - Drawdown Comparison

The maximum TDIV.AS drawdown since its inception was -36.10%, which is greater than JEPI's maximum drawdown of -19.13%. Use the drawdown chart below to compare losses from any high point for TDIV.AS and JEPI.

Drawdown Indicators

	TDIV.AS	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-36.10%	-19.13%	-16.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.51%	-5.26%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-15.88%	-19.13%	+3.25%
Max Drawdown (5Y) Largest decline over 5 years	-15.88%	-19.13%	+3.25%
Max Drawdown (10Y) Largest decline over 10 years	-36.10%	—	—
Current Drawdown Current decline from peak	0.00%	-3.12%	+3.12%
Average Drawdown Average peak-to-trough decline	-3.94%	-3.69%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	2.04%	-0.79%

Volatility

TDIV.AS vs. JEPI - Volatility Comparison

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) has a higher volatility of 2.35% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.65%. This indicates that TDIV.AS'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

	TDIV.AS	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	1.65%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	6.89%	6.58%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	9.00%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.09%	12.14%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	11.76%	+2.83%

TDIV.AS vs. JEPI - Expense Ratio Comparison

TDIV.AS has a 0.38% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

TDIV.AS vs. JEPI - Dividend Comparison

TDIV.AS's dividend yield for the trailing twelve months is around 3.06%, less than JEPI's 8.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JEPI JPMorgan Equity Premium Income ETF	8.02%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.06%	3.58%	4.19%	4.98%	4.58%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%

Frequently Asked Questions

Can I hold both TDIV.AS and JEPI in my portfolio?

TDIV.AS and JEPI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDIV.AS or JEPI?

On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDIV.AS or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.38% for TDIV.AS.

What is the main difference between TDIV.AS and JEPI?

TDIV.AS is categorized as Global Equity Income, while JEPI is Dividend. They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 0.38% for TDIV.AS and 0.35% for JEPI.