DIVO vs JEPI
Amplify CWP Enhanced Dividend Income ETF vs JPMorgan Equity Premium Income ETF
Which is better, DIVO or JEPI?
DIVO has been ahead.
JEPI has a lower expense ratio. DIVO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIVO | JEPI |
|---|---|---|
| Expense Ratio | 0.56% | 0.35%Best |
| AUM | $7.9B | $46.3B |
| Dividend Yield | 6.60% | 7.99% |
| Holdings | 76 | 127 |
| YTD Return | +10.29%Best | +4.29% |
| 1Y Return | +16.28%Best | +7.20% |
| 3Y Return (annualized) | +16.04%Best | +9.23% |
| 5Y Return (annualized) | +11.25%Best | +7.25% |
| Volatility (annualized) | 12.0% | 9.9%Best |
| Max Drawdown | -13.7%Tie | -13.7%Tie |
| $10,000 over 5 years | $17,041Best | $14,190 |
| Fund Family | Amplify ETFs | J.P. Morgan Asset Management |
| Category | Alternative | Equity |
| Style | - | Large Cap Value |
| Inception | Dec 13, 2016 | May 20, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 21, 2020 to Sep 11, 2026 (6.3 years).
DIVO vs JEPI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.3 years both funds cover.
DIVO vs JEPI Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF from Amplify ETFs and JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management. Over the past year DIVO returned +16.28% while JEPI returned +7.20%. Year to date, DIVO is up 10.29% versus a gain of 4.29% for JEPI.
Over three years, DIVO compounded at +16.04% per year against +9.23% for JEPI; over five years the annualized figures are +11.25% and +7.25% respectively. Across the full 6-year window we track, DIVO has the edge at +13.95% annualized vs +9.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVO has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 9.9% for JEPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.7% for DIVO and -13.7% for JEPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVO charges 0.56% per year while JEPI charges 0.35%. On a $10,000 position that is $56 vs $35 annually, a gap of $21 per year that compounds over a long holding period. On income, DIVO currently yields 6.60% against 7.99% for JEPI.
Holdings Overlap
At least 46.5% of DIVO's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
13 positions in common, counted across the 31 positions we hold weights for in DIVO and 118 in JEPI, against full books of 76 and 127.
Top Shared Holdings
| Stock | Weight in DIVO | Weight in JEPI | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.34% | 1.97% | 4.37% |
| AAPLApple, Inc | 5.29% | 1.70% | 3.59% |
| VVisa Inc | 5.21% | 1.44% | 3.77% |
| NVDANvidia Corp. | 3.87% | 1.81% | 2.06% |
| AXPAmerican Express Co. | 4.18% | 0.81% | 3.37% |
| RTXRaytheon Technologies Corp | 3.36% | 1.44% | 1.92% |
| GOOGLAlphabet A Usd 0.001 | 3.00% | 1.79% | 1.21% |
| MRKMerck & Co. Inc. | 3.46% | 0.50% | 2.96% |
| WMTWalmart, Inc. | 2.78% | 0.80% | 1.98% |
| MCDMcdonald'S Corp | 2.47% | 0.79% | 1.68% |
46.5% of DIVO is already inside JEPI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVO or JEPI?
DIVO has an expense ratio of 0.56% while JEPI charges 0.35%. JEPI is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, DIVO or JEPI?
Over the past year DIVO returned +16.28% vs +7.20% for JEPI, so DIVO leads on 1-year performance. Over the longest common window we track (6 years), DIVO annualized +13.95% vs +9.95% for JEPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVO or JEPI?
DIVO has been the more volatile fund at 12.0% annualized versus 9.9% for JEPI. Worst drawdown: DIVO -13.7% vs JEPI -13.7%.
Should I hold both DIVO and JEPI?
DIVO and JEPI have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIVO and JEPI?
At least 46.5% of DIVO's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 31 positions we hold weights for in DIVO and 118 in JEPI.
Which pays a higher dividend, DIVO or JEPI?
DIVO yields 6.60% while JEPI yields 7.99%, so JEPI currently pays the higher dividend yield.
Is JEPI better than DIVO?
JEPI has a lower expense ratio. DIVO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.