JEPI vs RFDA
JPMorgan Equity Premium Income ETF vs ALPS Dynamic US Dividend Advantage ETF
Which is better, JEPI or RFDA?
RFDA has been ahead.
JEPI has a lower expense ratio. RFDA 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 | JEPI | RFDA |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.52% |
| AUM | $45.7B | $77M |
| Dividend Yield | 8.16% | 2.00% |
| Holdings | 271 | 77 |
| YTD Return | +5.33% | +14.73%Best |
| 1Y Return | +8.29% | +16.68%Best |
| 3Y Return (annualized) | +10.19% | +20.07%Best |
| 5Y Return (annualized) | +7.54% | +12.87%Best |
| Volatility (annualized) | 9.9%Best | 14.4% |
| Max Drawdown | -13.7%Best | -19.4% |
| $10,000 over 5 years | $14,383 | $18,319Best |
| Fund Family | J.P. Morgan Asset Management | ALPS Advisors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 20, 2020 | Jun 6, 2016 |
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).
JEPI vs RFDA 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.
JEPI vs RFDA Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and ALPS Dynamic US Dividend Advantage ETF (RFDA) is an ETF from ALPS Advisors. Over the past year JEPI returned +8.29% while RFDA returned +16.68%. Year to date, JEPI is up 5.33% versus a gain of 14.73% for RFDA.
Over three years, JEPI compounded at +10.19% per year against +20.07% for RFDA; over five years the annualized figures are +7.54% and +12.87% respectively. Across the full 6-year window we track, RFDA has the edge at +16.64% annualized vs +9.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RFDA has been the more volatile fund, with annualized monthly volatility of 14.4% 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 JEPI and -19.4% for RFDA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while RFDA charges 0.52%. On a $10,000 position that is $35 vs $52 annually, a gap of $17 per year that compounds over a long holding period. On income, JEPI currently yields 8.16% against 2.00% for RFDA.
Holdings Overlap
At least 45.6% of RFDA'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.
The two portfolios partly overlap.
27 positions in common, counted across the 121 positions we hold weights for in JEPI and 75 in RFDA, against full books of 271 and 77.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in RFDA | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 2.01% | 3.52% | 1.51% |
| JNJJohnson & Johnson - Common | 1.70% | 3.15% | 1.45% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 2.07% | 2.68% | 0.61% |
| AAPLApple, Inc | 1.91% | 2.07% | 0.16% |
| CCitigroup, Inc. | 1.05% | 2.58% | 1.53% |
| COPConocophillips Co | 0.79% | 2.45% | 1.66% |
| UNHUnited Healthcare Corp. | 0.39% | 2.76% | 2.37% |
| KOCoca-Cola Co/The | 0.37% | 2.53% | 2.16% |
| PMPhilip Morris International Inc. | 1.44% | 1.39% | 0.05% |
| MRKMerck & Co. Inc. | 0.45% | 2.30% | 1.85% |
45.6% of RFDA 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, JEPI or RFDA?
JEPI has an expense ratio of 0.35% while RFDA charges 0.52%. JEPI is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, JEPI or RFDA?
Over the past year JEPI returned +8.29% vs +16.68% for RFDA, so RFDA leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +9.97% vs +16.64% for RFDA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or RFDA?
RFDA has been the more volatile fund at 14.4% annualized versus 9.9% for JEPI. Worst drawdown: JEPI -13.7% vs RFDA -19.4%.
Should I hold both JEPI and RFDA?
JEPI and RFDA have a monthly-return correlation of 0.84, 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 JEPI and RFDA?
At least 45.6% of RFDA's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 27 positions in common, counted across the 121 positions we hold weights for in JEPI and 75 in RFDA.
Which pays a higher dividend, JEPI or RFDA?
JEPI yields 8.16% while RFDA yields 2.00%, so JEPI currently pays the higher dividend yield.
Is RFDA better than JEPI?
JEPI has a lower expense ratio. RFDA 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.