BNDX vs. JEPI

Last updated Jun 12, 2026

BNDX (Vanguard Total International Bond ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged), while JEPI is a Dividend fund actively managed by JPMorgan. BNDX is passively managed, while JEPI is actively managed. Over the past 5 years, BNDX returned 0.29%/yr vs 7.36%/yr for JEPI. At a 0.18 correlation, their price movements are largely independent. BNDX charges 0.07%/yr vs 0.35%/yr for JEPI.

Performance

BNDX vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Bond ETF (BNDX) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BNDX having a 0.85% return and JEPI slightly higher at 0.86%.

BNDX

• 1D: 0.58%
• 1M: 1.01%
• YTD: 0.85%
• 6M: 0.99%
• 1Y: 1.99%
• 3Y*: 4.13%
• 5Y*: 0.29%
• 10Y*: 1.69%

JEPI

• 1D: 0.92%
• 1M: 0.20%
• YTD: 0.86%
• 6M: 0.64%
• 1Y: 7.61%
• 3Y*: 9.04%
• 5Y*: 7.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDX vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BNDX Vanguard Total International Bond ETF	0.85%	2.86%	3.57%	8.77%	-12.76%	-2.29%	3.03%
JEPI JPMorgan Equity Premium Income ETF	0.86%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between BNDX and JEPI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.18

The correlation between BNDX and JEPI shifts across timeframes, from 0.18 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

BNDX vs. JEPI - Sectors Allocation Comparison

Sectors	BNDX	JEPI
Real Estate	0.0%	3.5%
Financial Services	0.0%	9.8%
Industrials	0.0%	13.8%
Energy	0.0%	3.5%
Communication Services	0.0%	6.9%
Utilities	0.0%	6.2%
Healthcare	0.0%	14.1%
Basic Materials	-	1.9%
Consumer Cyclical	-	11.7%
Consumer Defensive	-	9.6%
Technology	-	19.1%

Return for Risk

BNDX vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDX

BNDX Risk / Return Rank: 20
BNDX Sharpe Ratio Rank: 21
BNDX Sortino Ratio Rank: 19
BNDX Omega Ratio Rank: 19
BNDX Calmar Ratio Rank: 20
BNDX Martin Ratio Rank: 20

JEPI

JEPI Risk / Return Rank: 30
JEPI Sharpe Ratio Rank: 32
JEPI Sortino Ratio Rank: 32
JEPI Omega Ratio Rank: 31
JEPI Calmar Ratio Rank: 28
JEPI Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNDX vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) and JPMorgan Equity Premium Income ETF (JEPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BNDX	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	0.58	0.95	-0.38
Sortino ratio: Return per unit of downside risk	0.84	1.43	-0.59
Omega ratio: Gain probability vs. loss probability	1.10	1.17	-0.07
Calmar ratio: Return relative to maximum drawdown	0.68	1.14	-0.46
Martin ratio: Return relative to average drawdown	1.90	3.49	-1.59

BNDX vs. JEPI - Sharpe Ratio Comparison

The current BNDX Sharpe Ratio is 0.58, which is lower than the JEPI Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of BNDX and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNDX vs. JEPI - Drawdown Comparison

The maximum BNDX drawdown since its inception was -16.23%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BNDX and JEPI.

Drawdown Indicators

	BNDX	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.23%	-13.71%	-2.52%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-6.68%	+3.75%
Max Drawdown (3Y) Largest decline over 3 years	-2.93%	-13.26%	+10.33%
Max Drawdown (5Y) Largest decline over 5 years	-15.86%	-13.71%	-2.15%
Max Drawdown (10Y) Largest decline over 10 years	-16.23%	—	—
Current Drawdown Current decline from peak	-1.18%	-4.16%	+2.98%
Average Drawdown Average peak-to-trough decline	-3.10%	-2.12%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	2.18%	-1.13%

Volatility

BNDX vs. JEPI - Volatility Comparison

The current volatility for Vanguard Total International Bond ETF (BNDX) is 1.50%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.03%. This indicates that BNDX experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNDX	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	2.03%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	6.25%	-3.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.47%	8.01%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.89%	11.08%	-6.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.10%	10.80%	-6.70%

BNDX vs. JEPI - Expense Ratio Comparison

BNDX has a 0.07% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

BNDX vs. JEPI - Dividend Comparison

BNDX's dividend yield for the trailing twelve months is around 4.48%, less than JEPI's 8.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDX Vanguard Total International Bond ETF	4.48%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
JEPI JPMorgan Equity Premium Income ETF	8.21%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNDX and JEPI in my portfolio?

BNDX and JEPI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNDX or JEPI?

JEPI has higher volatility (2.03%) compared to BNDX (1.50%). In terms of maximum drawdown, BNDX dropped -16.23% vs JEPI's -13.71%.

Which ETF is better, BNDX or JEPI?

On 5-year performance, JEPI leads with 7.36% vs 0.29% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BNDX or JEPI?

Over the 5-year period, JEPI has performed better with a 7.36% return vs 0.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BNDX or JEPI?

BNDX is cheaper with a 0.07% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, BNDX or JEPI?

JEPI has the higher dividend yield at 8.21%, compared with 4.48% for BNDX.

What is the main difference between BNDX and JEPI?

BNDX is categorized as Global Bonds, while JEPI is Dividend. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.07% for BNDX and 0.35% for JEPI.

Which has better risk-adjusted returns?

JEPI currently has the higher Sharpe Ratio (0.95 vs 0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.