Are HDV and JEPI in the same category?

HDV is a stock ETF and JEPI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, HDV or JEPI?

In the year to Oct 27, 2026, with distributions reinvested, HDV returned +28.5% and JEPI +7.6%.

Which is cheaper, HDV or JEPI?

HDV is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 27, 2026.

Across categories

HDV vs JEPI: Differences, Returns & Fees

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Over the year to Oct 27, 2026, HDV returned +28.5% to JEPI's +7.6%, and HDV charges 0.08% to JEPI's 0.35%.

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Net assets on Oct 26, 2026: $16.0bn for iShares Core High Dividend ETF and $45.8bn for JPMorgan Equity Premium Income ETF.

HDV on its own →JEPI on its own →

At a glance

+28.5%

HDV total return, 1 year

+7.6%

JEPI total return, 1 year

0.08%

HDV expense ratio

0.35%

JEPI expense ratio

Pair scorecard

HDV costs 0.27 points a year less; their one-year returns differ by 20.9 points; JEPI is 2.9 times larger.

HDV vs JEPI: Differences, Returns & Fees
Measure	HDV	JEPI
Return
Measure	HDV	JEPI
Total return, 1 year	+28.5%	+7.6%
Price change, 1 year	rose 24.0%	fell 0.6%
Latest payout, annualized		7.2%
Against its benchmark
Measure	HDV	JEPI
What it tracks	Morningstar Dividend Yield Focus Index	Benchmark: S&P 500, measured through SPY
Against its benchmark, same days		behind by 5.9 pts
Cost and size
Measure	HDV	JEPI
Expense ratio	0.08%	0.35%
Net assets, as of Oct 26, 2026	$16.0bn	$45.8bn
Holdings
Measure	HDV	JEPI
Holdings in common	14%
In the S&P 500, by weight	90%
Top ten holdings, share of the fund	55.7%

Holdings in common uses holdings dated Oct 26, 2026. Method

Risk and return

May 29, 2020 to Oct 23, 2026 · 334 weekly returns

HDV JEPI

Return

Total return edge HDV +129.9% +91.1%

Annualized edge HDV +13.8% +10.6%

Price return edge HDV +81.3% +11.0%

Risk

Volatility edge JEPI 13.9% 10.5%

Max drawdown edge JEPI −15.4% −13.1%

Risk-adjusted

Sharpe edge HDV (slight) 0.78 0.72

Sortino edge HDV (slight) 1.17 1.06

Calmar edge HDV 0.90 0.81

Reading

HDV returned more: +129.9% to +91.1%. JEPI swung less: 10.5% to 13.9%. JEPI fell less at its worst: −13.1% to −15.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HDV vs JEPI: Differences, Returns & Fees
Measure	HDV	JEPI	Edge	How it is measured
Return
Total return	+129.9%	+91.1%	HDV	Price change plus distributions, reinvested.
Annualized	+13.8%	+10.6%	HDV	Total return as a yearly rate.
Price return	+81.3%	+11.0%	HDV	Price change alone, distributions left out.
Risk
Volatility	13.9%	10.5%	JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.3%	7.1%	JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−15.4%	−13.1%	JEPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.78	0.72	HDV (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.17	1.06	HDV (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.90	0.81	HDV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 334 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

14%

By the books each fund has filed, HDV and JEPI hold 14% of their money in the same securities at the same weight. Holdings dated Oct 26, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first HDV JEPI

NEXTERA ENERGY 2.52% 1.77%

ABBVIE 6.74% 1.73%

PHILIP MORRIS INTERNATIONAL 4.99% 1.65%

MONDELEZ INTERNATIONAL CLASS A 1.30% 1.30%

EOG RESOURCES 1.19% 1.77%

PEPSICO 3.93% 1.04%

CONOCOPHILLIPS 2.24% 0.91%

SOUTHERN 1.81% 0.91%

PROCTER & GAMBLE 5.46% 0.58%

MCDONALDS CORP 2.55% 0.56%

MEDTRONIC PLC 1.84% 0.56%

COCA-COLA 4.31% 0.51%

Only in one fund ↓

Only in HDV

CHEVRON 7.30%

HOME DEPOT 4.56%

AMGEN INC 2.74%

BLACKSTONE 1.67%

PNC FINANCIAL SERVICES GROUP 1.45%

STARBUCKS CORP 1.37%

ONEOK 1.34%

KINDER MORGAN 1.25%

Only in JEPI

MICROSOFT CORP COMMON 1.98%

APPLE INC COMMON STOCK 1.94%

MASTERCARD INC COMMON 1.90%

VISA INC COMMON STOCK 1.82%

AMAZON.COM INC COMMON 1.81%

NVIDIA CORP COMMON STOCK 1.79%

TRANE TECHNOLOGIES PLC 1.78%

3M CO COMMON STOCK USD 1.77%

Check overlap with more funds →

Side by side

HDV iShares Core High Dividend ETF JEPI JPMorgan Equity Premium Income ETF

Where it sits Stock ETF Income ETF

Issuer iShares JPMorgan

What it is Tracks an index of High Dividend covered call, vs SPY

Total return, 1 year +28.5% +7.6%

Its benchmark over the same days not measured +13.5% (SPY)

Gap to its benchmark not measured −5.9 pts vs SPY

Cash paid, 1 year not an income fund 7.9%

Expense ratio 0.08% 0.35%

Holdings 77 not read by ETFIQ

Net assets, as of Oct 26, 2026 $16.0bn $45.8bn

HDV and JEPI on the fields both publish, as of Oct 27, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.

Client brief · page 1 of 2 Report BR-55F4B14FCA

HDV and JEPI do different jobs. What does each one do in a portfolio?

What each follows. HDV follows Morningstar Dividend Yield Focus Index and JEPI is measured against S&P 500 through SPY.
Holdings in common. 14% of the weight is in the same securities (holdings dated Oct 26, 2026).
One-year total return. Over 1 year to Oct 27, 2026 HDV returned +28.5% and JEPI +7.6% with distributions reinvested, a gap of 20.9 points.

Data as of Oct 27, 2026.

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About each fund

HDV

HDV tracks an index of High Dividend. Over the year to Oct 27, 2026 it returned +28.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 26, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.7%.

JEPI

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.

Questions people ask

Are HDV and JEPI in the same category?: HDV is a stock ETF and JEPI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, HDV or JEPI?: In the year to Oct 27, 2026, with distributions reinvested, HDV returned +28.5% and JEPI +7.6%.
Which is cheaper, HDV or JEPI?: HDV is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HDV vs ISPY HDV vs SPYI HDV vs XDTE DIVO vs HDV JEPI vs VYM JEPI vs SCHD DGRO vs JEPI JEPI vs VIG

Where to next

S&P 500 (SPY) →HDV on its own →JEPI on its own →Hold both: look the portfolio through →Rankings →HDV dividend history →HDV holdings →JEPI dividend history →JEPI holdings →Standards and sources →

Sources and dates

HDV filings on SEC EDGAR ↗

HDV prospectus with the expense ratio (SEC) ↗

iShares page for HDV ↗

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, HDV against JEPI, data as of Oct 27, 2026. https://etfiq.com/compare/any/hdv-vs-jepi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.