TDVG vs. JEPI

Last updated Jun 3, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - TDVG is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, TDVG returned 10.19%/yr vs 7.30%/yr for JEPI. Their correlation of 0.90 suggests significant overlap in exposure. TDVG charges 0.50%/yr vs 0.35%/yr for JEPI.

Performance

TDVG vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth ETF (TDVG) 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, TDVG achieves a 7.68% return, which is significantly higher than JEPI's 0.01% return.

TDVG

• 1D: 0.86%
• 1M: 2.51%
• YTD: 7.68%
• 6M: 8.35%
• 1Y: 17.75%
• 3Y*: 15.70%
• 5Y*: 10.19%
• 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)

TDVG vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	7.68%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.98%
JEPI JPMorgan Equity Premium Income ETF	0.01%	8.09%	12.57%	9.83%	-3.49%	21.52%	9.80%

Correlation

The correlation between TDVG and JEPI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.90

The correlation between TDVG and JEPI has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

TDVG vs. JEPI - Sectors Allocation Comparison

Sectors	TDVG	JEPI
Technology	24.1%	19.1%
Financial Services	19.5%	9.8%
Industrials	13.6%	13.8%
Healthcare	12.9%	14.1%
Consumer Cyclical	7.7%	11.7%
Consumer Defensive	7.1%	9.6%
Energy	5.8%	3.5%
Utilities	3.9%	6.2%
Basic Materials	2.9%	1.9%
Real Estate	1.6%	3.5%
Communication Services	1.2%	6.9%

Return for Risk

TDVG vs. JEPI — Risk / Return Rank

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

TDVG

TDVG Risk / Return Rank: 53
TDVG Sharpe Ratio Rank: 53
TDVG Sortino Ratio Rank: 55
TDVG Omega Ratio Rank: 52
TDVG Calmar Ratio Rank: 50
TDVG Martin Ratio Rank: 58

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.

TDVG vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) 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.

	TDVG	JEPI	Difference
Sharpe ratio Return per unit of total volatility	1.84	0.99	+0.85
Sortino ratio Return per unit of downside risk	2.64	1.48	+1.16
Omega ratio Gain probability vs. loss probability	1.33	1.18	+0.15
Calmar ratio Return relative to maximum drawdown	2.50	1.18	+1.32
Martin ratio Return relative to average drawdown	10.27	3.87	+6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDVG vs. JEPI - Sharpe Ratio Comparison

The current TDVG Sharpe Ratio is 1.84, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of TDVG 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

	TDVG	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	0.99	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.66	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.01	-0.06

Drawdowns

TDVG vs. JEPI - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for TDVG and JEPI.

Drawdown Indicators

	TDVG	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-13.71%	-5.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-6.68%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-13.26%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-13.71%	-5.49%
Current Drawdown Current decline from peak	0.00%	-4.96%	+4.96%
Average Drawdown Average peak-to-trough decline	-3.76%	-2.11%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	2.04%	-0.28%

Volatility

TDVG vs. JEPI - Volatility Comparison

T. Rowe Price Dividend Growth ETF (TDVG) has a higher volatility of 2.26% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.34%. This indicates that TDVG'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

	TDVG	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	1.34%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	6.10%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	7.85%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	11.06%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	10.80%	+3.13%

TDVG vs. JEPI - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

TDVG vs. JEPI - Dividend Comparison

TDVG's dividend yield for the trailing twelve months is around 0.98%, 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%
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%

Frequently Asked Questions

Can I hold both TDVG and JEPI in my portfolio?

TDVG and JEPI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVG or JEPI?

TDVG has higher volatility (2.26%) compared to JEPI (1.34%). In terms of maximum drawdown, TDVG dropped -19.20% vs JEPI's -13.71%.

Which ETF is better, TDVG or JEPI?

On 5-year performance, TDVG leads with 10.19% vs 7.30% 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, TDVG or JEPI?

Over the 5-year period, TDVG has performed better with a 10.19% return vs 7.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVG or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.50% for TDVG.

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

JEPI has the higher dividend yield at 8.28%, compared with 0.98% for TDVG.

What is the main difference between TDVG and JEPI?

TDVG is categorized as Large Cap Growth Equities, while JEPI is Dividend. They also come from different issuers: T. Rowe Price and JPMorgan. Their fees differ too: 0.50% for TDVG and 0.35% for JEPI.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.84 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.