JEPI vs. VAPX.L

Last updated Jun 9, 2026

JEPI (JPMorgan Equity Premium Income ETF) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - JEPI is a Dividend fund actively managed by JPMorgan, while VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD. JEPI is actively managed, while VAPX.L is passively managed. Over the past 5 years, JEPI returned 7.28%/yr vs 10.60%/yr for VAPX.L. At a 0.39 correlation, their price movements are largely independent. JEPI charges 0.35%/yr vs 0.15%/yr for VAPX.L.

Performance

JEPI vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JEPI is traded in USD, while VAPX.L is traded in GBP. To make them comparable, the VAPX.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JEPI achieves a 0.04% return, which is significantly lower than VAPX.L's 39.58% return.

JEPI

• 1D: -0.31%
• 1M: -0.40%
• YTD: 0.04%
• 6M: 0.91%
• 1Y: 7.03%
• 3Y*: 8.80%
• 5Y*: 7.28%
• 10Y*: —

VAPX.L

• 1D: 0.35%
• 1M: -2.11%
• YTD: 39.58%
• 6M: 44.97%
• 1Y: 70.32%
• 3Y*: 25.08%
• 5Y*: 10.60%
• 10Y*: 11.74%

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

JEPI vs. VAPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JEPI JPMorgan Equity Premium Income ETF	0.04%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	39.58%	41.25%	-5.11%	9.37%	-12.16%	0.91%	46.68%

Correlation

The correlation between JEPI and VAPX.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.39

The correlation between JEPI and VAPX.L shifts across timeframes, from 0.28 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

JEPI vs. VAPX.L - Sectors Allocation Comparison

Sectors	JEPI	VAPX.L
Technology	19.1%	30.2%
Healthcare	14.1%	3.3%
Industrials	13.8%	12.5%
Consumer Cyclical	11.7%	5.3%
Financial Services	9.8%	25.3%
Consumer Defensive	9.6%	2.5%
Communication Services	6.9%	2.4%
Utilities	6.2%	2.0%
Real Estate	3.5%	4.9%
Energy	3.5%	2.3%
Basic Materials	1.9%	9.5%

Return for Risk

JEPI vs. VAPX.L — Risk / Return Rank

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

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 27
JEPI Omega Ratio Rank: 27
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

VAPX.L

VAPX.L Risk / Return Rank: 93
VAPX.L Sharpe Ratio Rank: 95
VAPX.L Sortino Ratio Rank: 92
VAPX.L Omega Ratio Rank: 94
VAPX.L Calmar Ratio Rank: 91
VAPX.L Martin Ratio Rank: 91

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.

JEPI vs. VAPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L). 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.

	JEPI	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	0.90	3.02	-2.12
Sortino ratio: Return per unit of downside risk	1.35	3.68	-2.33
Omega ratio: Gain probability vs. loss probability	1.17	1.54	-0.38
Calmar ratio: Return relative to maximum drawdown	1.06	4.63	-3.58
Martin ratio: Return relative to average drawdown	3.31	17.93	-14.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPI vs. VAPX.L - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 0.90, which is lower than the VAPX.L Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of JEPI and VAPX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEPI	VAPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	3.02	-2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.55	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.43	+0.57

Drawdowns

JEPI vs. VAPX.L - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum VAPX.L drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for JEPI and VAPX.L.

Drawdown Indicators

	JEPI	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-38.96%	+25.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-15.09%	+8.41%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-20.38%	+7.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.71%	-31.90%	+18.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.96%	—
Current Drawdown Current decline from peak	-4.93%	-9.65%	+4.72%
Average Drawdown Average peak-to-trough decline	-2.12%	-10.17%	+8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.91%	-1.78%

Volatility

JEPI vs. VAPX.L - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income ETF (JEPI) is 1.48%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 12.47%. This indicates that JEPI experiences smaller price fluctuations and is considered to be less risky than VAPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPI	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	12.47%	-10.99%
Volatility (6M) Calculated over the trailing 6-month period	6.09%	20.85%	-14.76%
Volatility (1Y) Calculated over the trailing 1-year period	7.89%	23.25%	-15.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	19.18%	-8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.79%	19.32%	-8.53%

JEPI vs. VAPX.L - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is higher than VAPX.L's 0.15% expense ratio.

Dividends

JEPI vs. VAPX.L - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.28%, more than VAPX.L's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPI JPMorgan Equity Premium Income ETF	8.28%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	1.91%	2.70%	3.47%	3.53%	4.32%	3.51%	2.08%	3.39%	3.52%	3.10%	2.71%	3.49%

Frequently Asked Questions

Can I hold both JEPI and VAPX.L in my portfolio?

JEPI and VAPX.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEPI or VAPX.L?

On fees, VAPX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEPI or VAPX.L?

VAPX.L is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPI.

What is the main difference between JEPI and VAPX.L?

JEPI is categorized as Dividend, while VAPX.L is Asia Pacific Equities. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.35% for JEPI and 0.15% for VAPX.L.