Which paid more, JEPI or SDVD?

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and SDVD paid 9.7%, so SDVD paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, JEPI or SDVD?

With every distribution reinvested, JEPI returned +12.0% and SDVD +18.9% over the year to Nov 4, 2026.

Which is cheaper, JEPI or SDVD?

JEPI charges 0.35% a year and SDVD charges 0.85%, so JEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPI vs SDVD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SDVD paid 9.7% of its price in cash against JEPI’s 8.1%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $46.1bn for JPMorgan Equity Premium Income ETF and $903m for FT Vest SMID Rising Dividend Achievers Target Income ETF.

JEPI on its own →SDVD on its own →

At a glance

8.1%

JEPI cash paid, 1 year

9.7%

SDVD cash paid, 1 year

+12.0%

JEPI total return, 1 year

+18.9%

SDVD total return, 1 year

JEPI · 1 year to Nov 4, 2026 2.8 pts behind SPY

JEPI

+12.0%

SPY

+14.8%

2.8 pts behind SPY

JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

JEPI

+12.0%

8.1% of it arrived as cash

2.8 pts behind SPY

Total return, distributions reinvested

2.8 pts behind SPY

JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

JEPI

+12.0%

2.8 pts behind SPY

8.1% of it arrived as cash. Total return, distributions reinvested. JEPI over 1 year: paid 8.1%, price +3.4%, total +12.0%, SPY +14.8%, −2.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% of it arrived as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% cash

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Both charts share one scale, 0 to +18.9%. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +18.9%. Data to Nov 4, 2026.

Pair scorecard

JEPI costs 0.50 points a year less; their one-year returns differ by 6.9 points; JEPI is far larger, $46.1bn against $903m.

Points (pts) are percentage points.

JEPI vs SDVD: Dividend Yield & Total Return
Measure	JEPI	SDVD
Paid and earned
Measure	JEPI	SDVD
Total return, 1 year	+12.0%	+18.9%
Price change, 1 year	rose 3.4%	rose 8.6%
Return of capital, issuer estimate		22% of the Oct 30, 2026 payment
Against its benchmark
Measure	JEPI	SDVD
Benchmark	S&P 500, measured through SPY	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY
Cost and size
Measure	JEPI	SDVD
Expense ratio	0.35%	0.85%
Net assets, as of Nov 3, 2026	$46.1bn	$903m
Holdings
Measure	JEPI	SDVD
Holdings in common	1%

ETFIQ Distribution Coverage Score · SDVD scores higher How much of what it paid out did its total return cover?

IQ Income Score76.9JEPI84.7SDVD

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

JEPI 76.9

SDVD 84.7

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Aug 18, 2023 to Oct 30, 2026 · 167 weekly returns

JEPI SDVD

Return

Total return edge SDVD +35.7% +53.5%

Annualized edge SDVD +10.0% +14.3%

Price return edge SDVD +5.6% +15.0%

Risk

Volatility edge JEPI 9.1% 16.9%

Max drawdown edge JEPI −11.5% −22.2%

Downside capture 58.9% 95.9%

Beta 0.57 0.94

Risk-adjusted

Sharpe edge Tie 0.59 0.61

Sortino edge SDVD (slight) 0.83 0.89

Treynor 0.136 0.109

Calmar edge JEPI 0.87 0.64

Against the benchmark

Alpha −0.1% a year +0.8% a year

Alpha t-stat −0.03 0.75

Information ratio −0.69 0.10

Tracking error 8.7% 2.1%

Each against its own benchmark: JEPI against SPY, May 29, 2020 to Oct 30, 2026; SDVD against SDVY, Aug 18, 2023 to Oct 30, 2026.

Reading

From Aug 2023 to Oct 2026, SDVD returned more: +53.5% to +35.7%. JEPI swung less: 9.1% to 16.9%. JEPI fell less at its worst: −11.5% to −22.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPI vs SDVD: Dividend Yield & Total Return
Measure	JEPI	SDVD	Edge	How it is measured
Return
Total return	+35.7%	+53.5%	SDVD	Price change plus distributions, reinvested.
Annualized	+10.0%	+14.3%	SDVD	Total return as a yearly rate.
Price return	+5.6%	+15.0%	SDVD	Price change alone, distributions left out.
Risk
Volatility	9.1%	16.9%	JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	6.5%	11.6%	JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−11.5%	−22.2%	JEPI	Deepest fall from a high to the low after it.
Upside capture	42.2%	93.3%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	58.9%	95.9%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.57	0.94	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.75	0.99	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.59	0.61	Tie	Return above Treasury bills per unit of volatility.
Sortino	0.83	0.89	SDVD (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.136	0.109		Return above Treasury bills per unit of beta.
Calmar	0.87	0.64	JEPI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	SDVY		The ETF each fund is measured against.
Alpha	−0.1% a year	+0.8% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.03	0.75	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.2% to +4.0%	−1.3% to +2.9%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.69	0.10		Return against its benchmark per unit of tracking error.
Tracking error	8.7%	2.1%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 167 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, JEPI and SDVD hold 1% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first JEPI SDVD

DOVER CORP COMMON STOCK 0.66% 0.89%

HEWLETT PACKARD ENTERPRISE CO 0.16% 0.22%

Only in one fund ↓

Only in JEPI

MASTERCARD INC COMMON 1.99%

MICROSOFT CORP COMMON 1.93%

VISA INC COMMON STOCK USD 1.88%

APPLE INC COMMON STOCK 1.86%

AMAZON.COM INC COMMON 1.81%

NEXTERA ENERGY INC 1.81%

3M CO COMMON STOCK USD 1.80%

JOHNSON & JOHNSON COMMON 1.75%

Only in SDVD

The Hanover Insurance Group, Inc. 1.09%

Reinsurance Group of America, Incorporated 1.06%

Williams-Sonoma, Inc. 1.06%

Veralto Corporation 1.05%

Assurant, Inc. 1.02%

Interparfums, Inc. 1.02%

National HealthCare Corporation 1.02%

VeriSign, Inc. 1.02%

Check overlap with more funds →

Side by side

JEPI JPMorgan Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the S&P 500, paying monthly SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly

Issuer JPMorgan First Trust

Strategy covered call dividend stocks with call overlay

Benchmark S&P 500 (SPY) First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

Pays monthly monthly

Payout rate, annualized 7.1% 8.2%

Expense ratio 0.35% 0.85%

Cash paid, 1 year 8.1% 9.7%

Price change, 1 year +3.4% +8.6%

Total return, 1 year +12.0% +18.9%

Benchmark return, 1 year +14.8% +17.5%

Ahead or behind −2.8 pts +1.4 pts

Return of capital, latest estimate not published 22%

Age 6.5 years 3.2 years

Net assets, as of Nov 3, 2026 $46.1bn $903m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: JEPI vs SDVD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPI	SDVD	JEPI	SDVD	JEPI	SDVD
3 months	+3.3%	−2.3%	1.8%	2.0%	+3.4 pts	+0.5 pts
6 months	+7.3%	+3.3%	3.9%	4.1%	+2.3 pts	+0.9 pts
1 year	+12.0%	+18.9%	8.1%	9.7%	−2.8 pts	+1.4 pts
3 years	+37.9%	+60.8%	25.2%	31.3%	−45.1 pts	+1.0 pts
Since launchNot the same days: JEPI May 2020 · SDVD Aug 2023	+102.1%	+53.9%	62.2%	31.3%	−82.3 pts	+1.9 pts

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About each fund

JEPI

Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +12.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 2.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 7.1%, paid monthly.

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, JEPI or SDVD?: Over the year to Nov 4, 2026, JEPI paid 8.1% of its starting price in cash and SDVD paid 9.7%, so SDVD paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, JEPI or SDVD?: With every distribution reinvested, JEPI returned +12.0% and SDVD +18.9% over the year to Nov 4, 2026.
Which is cheaper, JEPI or SDVD?: JEPI charges 0.35% a year and SDVD charges 0.85%, so JEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPI vs RYLD JEPI vs SIXH JEPI vs ULTY JEPI vs AIPI SDVD vs SPYI SDVD vs XYLD SDVD vs OMAH SDVD vs ROCY

Where to next

S&P 500 (SPY) →First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →JEPI on its own →SDVD on its own →JEPI dividend history →JEPI holdings →SDVD dividend history →SDVD holdings →Method →Standards and sources →

Sources and dates

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, JEPI against SDVD, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepi-vs-sdvd

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