JEPQ.L vs. VHYD.L

Last updated Jun 10, 2026

JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan, while VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. JEPQ.L is actively managed, while VHYD.L is passively managed. Over the past year, JEPQ.L returned 24.41% vs 24.58% for VHYD.L. A 0.55 correlation means they provide meaningful diversification when combined. JEPQ.L charges 0.35%/yr vs 0.29%/yr for VHYD.L.

Performance

JEPQ.L vs. VHYD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ.L achieves a 5.67% return, which is significantly lower than VHYD.L's 9.52% return.

JEPQ.L

• 1D: -1.43%
• 1M: -0.07%
• YTD: 5.67%
• 6M: 6.35%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VHYD.L

• 1D: -0.43%
• 1M: 0.39%
• YTD: 9.52%
• 6M: 12.15%
• 1Y: 24.58%
• 3Y*: 17.96%
• 5Y*: 10.19%
• 10Y*: 9.89%

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

JEPQ.L vs. VHYD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	5.67%	14.79%	3.73%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	9.52%	27.03%	-3.59%

Correlation

The correlation between JEPQ.L and VHYD.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.55

The correlation between JEPQ.L and VHYD.L has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

JEPQ.L vs. VHYD.L - Sectors Allocation Comparison

Sectors	JEPQ.L	VHYD.L
Technology	54.0%	7.7%
Communication Services	15.4%	3.5%
Consumer Cyclical	12.7%	7.0%
Consumer Defensive	7.1%	8.7%
Healthcare	4.4%	11.2%
Industrials	3.1%	12.3%
Utilities	1.3%	5.7%
Basic Materials	1.0%	5.1%
Energy	0.4%	9.4%
Financial Services	0.4%	28.6%
Real Estate	0.2%	0.9%

Return for Risk

JEPQ.L vs. VHYD.L — Risk / Return Rank

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

JEPQ.L

JEPQ.L Risk / Return Rank: 73
JEPQ.L Sharpe Ratio Rank: 70
JEPQ.L Sortino Ratio Rank: 75
JEPQ.L Omega Ratio Rank: 75
JEPQ.L Calmar Ratio Rank: 67
JEPQ.L Martin Ratio Rank: 76

VHYD.L

VHYD.L Risk / Return Rank: 77
VHYD.L Sharpe Ratio Rank: 81
VHYD.L Sortino Ratio Rank: 84
VHYD.L Omega Ratio Rank: 80
VHYD.L Calmar Ratio Rank: 71
VHYD.L Martin Ratio Rank: 70

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.

JEPQ.L vs. VHYD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.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.

	JEPQ.L	VHYD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.30	-0.30
Sortino ratio: Return per unit of downside risk	2.92	3.31	-0.39
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	2.94	3.16	-0.22
Martin ratio: Return relative to average drawdown	12.84	11.40	+1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPQ.L vs. VHYD.L - Sharpe Ratio Comparison

The current JEPQ.L Sharpe Ratio is 2.01, which is comparable to the VHYD.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JEPQ.L and VHYD.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

	JEPQ.L	VHYD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.30	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.54	+0.41

Drawdowns

JEPQ.L vs. VHYD.L - Drawdown Comparison

The maximum JEPQ.L drawdown since its inception was -20.08%, smaller than the maximum VHYD.L drawdown of -36.60%. Use the drawdown chart below to compare losses from any high point for JEPQ.L and VHYD.L.

Drawdown Indicators

	JEPQ.L	VHYD.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.08%	-36.60%	+16.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-7.74%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.60%	—
Current Drawdown Current decline from peak	-3.65%	-1.62%	-2.03%
Average Drawdown Average peak-to-trough decline	-2.78%	-5.32%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.15%	-0.25%

Volatility

JEPQ.L vs. VHYD.L - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) have volatilities of 2.69% and 2.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ.L	VHYD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.67%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	8.53%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.16%	10.62%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	13.65%	+2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	15.39%	+0.83%

JEPQ.L vs. VHYD.L - Expense Ratio Comparison

JEPQ.L has a 0.35% expense ratio, which is higher than VHYD.L's 0.29% expense ratio.

Dividends

JEPQ.L vs. VHYD.L - Dividend Comparison

JEPQ.L's dividend yield for the trailing twelve months is around 10.49%, more than VHYD.L's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.49%	10.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.52%	2.77%	3.15%	3.31%	3.72%	3.14%	2.90%	3.23%	3.77%	2.96%	3.16%	3.32%

Frequently Asked Questions

Can I hold both JEPQ.L and VHYD.L in my portfolio?

JEPQ.L and VHYD.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEPQ.L or VHYD.L?

On fees, VHYD.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEPQ.L or VHYD.L?

VHYD.L is cheaper with a 0.29% expense ratio, compared with 0.35% for JEPQ.L.

What is the main difference between JEPQ.L and VHYD.L?

JEPQ.L is categorized as Nasdaq-100, while VHYD.L is Global Equities. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.35% for JEPQ.L and 0.29% for VHYD.L.