DFNL vs JEPI
Davis Select Financial ETF vs JPMorgan Equity Premium Income ETF
Which is better, DFNL or JEPI?
DFNL has been ahead.
JEPI has a lower expense ratio. DFNL led over 1Y, 3Y, 5Y and the full window.
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 | DFNL | JEPI |
|---|---|---|
| Expense Ratio | 0.63% | 0.35%Best |
| AUM | $442M | $45.7B |
| Dividend Yield | 1.37% | 8.16% |
| Holdings | 90 | 271 |
| YTD Return | -0.91% | +5.33%Best |
| 1Y Return | +8.37%Best | +8.29% |
| 3Y Return (annualized) | +22.68%Best | +10.19% |
| 5Y Return (annualized) | +10.68%Best | +7.54% |
| Volatility (annualized) | 19.2% | 9.9%Best |
| Max Drawdown | -26.3% | -13.7%Best |
| $10,000 over 5 years | $16,609Best | $14,383 |
| Fund Family | Davis ETFs | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | 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 Oct 14, 2026 (6.4 years).
DFNL 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 6.4 years both funds cover.
DFNL vs JEPI Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management. Over the past year DFNL returned +8.37% while JEPI returned +8.29%. Year to date, DFNL is down 0.91% versus a gain of 5.33% for JEPI.
Over three years, DFNL compounded at +22.68% per year against +10.19% for JEPI; over five years the annualized figures are +10.68% and +7.54% respectively. Across the full 6-year window we track, DFNL has the edge at +19.05% annualized vs +9.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -26.3% for DFNL 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.63% per year while JEPI charges 0.35%. On a $10,000 position that is $63 vs $35 annually, a gap of $28 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 8.16% for JEPI.
Holdings Overlap
At least 17.6% of DFNL's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
DFNL and JEPI share little of their money.
5 positions in common, counted across the 30 positions we hold weights for in DFNL and 121 in JEPI, against full books of 90 and 271.
You are not choosing between two funds in isolation.
Whichever of DFNL and JEPI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFNL or JEPI?
DFNL has an expense ratio of 0.63% while JEPI charges 0.35%. JEPI is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, DFNL or JEPI?
Over the past year DFNL returned +8.37% vs +8.29% for JEPI, so DFNL leads on 1-year performance. Over the longest common window we track (6 years), DFNL annualized +19.05% vs +9.97% for JEPI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFNL or JEPI?
DFNL has been the more volatile fund at 19.2% annualized versus 9.9% for JEPI. Worst drawdown: DFNL -26.3% vs JEPI -13.7%.
Should I hold both DFNL and JEPI?
DFNL and JEPI have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFNL and JEPI?
At least 17.6% of DFNL's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 5 positions in common, counted across the 30 positions we hold weights for in DFNL and 121 in JEPI.
Which pays a higher dividend, DFNL or JEPI?
DFNL yields 1.37% while JEPI yields 8.16%, so JEPI currently pays the higher dividend yield.
Is JEPI better than DFNL?
JEPI has a lower expense ratio. DFNL led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.