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Discover LudwigThe word 'epicaricacy' is correct and is used mainly in philosophical discourse to describe the pleasure derived from another person's misfortune
For example, "John felt a sense of epicaricacy when his rival failed the exam."
Dictionary
epicaricacy
noun
Rejoicing at or deriving pleasure from the misfortunes of others.
synonyms
Exact(1)
For some individuals, this sense of being cheated may extend into pure epicaricacy, a malicious desire to try to make those enjoying greater success feel as miserably trapped and oppressed as themselves.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com