JEPQ vs. BND
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 3 years, JEPQ returned 19.56%/yr vs 3.80%/yr for BND. At a 0.18 correlation, their price movements are largely independent. JEPQ charges 0.35%/yr vs 0.03%/yr for BND.
Performance
JEPQ vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ achieves a 6.12% return, which is significantly higher than BND's -0.05% return.
JEPQ
- 1D
- -3.01%
- 1M
- 0.08%
- YTD
- 6.12%
- 6M
- 5.89%
- 1Y
- 25.16%
- 3Y*
- 19.56%
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.45%
- 1M
- -0.64%
- YTD
- -0.05%
- 6M
- 0.11%
- 1Y
- 4.33%
- 3Y*
- 3.80%
- 5Y*
- 0.02%
- 10Y*
- 1.56%
JEPQ vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 6.12% | 15.18% | 24.85% | 36.28% | -12.89% |
BND Vanguard Total Bond Market ETF | -0.05% | 7.08% | 1.38% | 5.65% | -4.25% |
Correlation
The correlation between JEPQ and BND is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.18 |
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Return for Risk
JEPQ vs. BND — Risk / Return Rank
JEPQ
BND
JEPQ vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.20 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.62 | +1.24 |
| Martin ratioReturn relative to average drawdown | 13.99 | 4.86 | +9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEPQ | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.16 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.00 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.58 | +0.36 |
Drawdowns
JEPQ vs. BND - Drawdown Comparison
The maximum JEPQ drawdown since its inception was -20.07%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for JEPQ and BND.
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Drawdown Indicators
| JEPQ | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -18.58% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -2.68% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -5.92% | -14.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -3.22% | -2.67% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.06% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.89% | +0.91% |
Volatility
JEPQ vs. BND - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 3.44% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 1.23% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 2.70% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 3.76% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 6.02% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 5.53% | +11.13% |
JEPQ vs. BND - Expense Ratio Comparison
JEPQ has a 0.35% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
JEPQ vs. BND - Dividend Comparison
JEPQ's dividend yield for the trailing twelve months is around 10.39%, more than BND's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.39% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEPQ and BND have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPQ has higher volatility (3.44%) compared to BND (1.23%). In terms of maximum drawdown, JEPQ dropped -20.07% vs BND's -18.58%.
On 3-year performance, JEPQ leads with 19.56% vs 3.80% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JEPQ has performed better with a 19.56% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.35% for JEPQ.
JEPQ has the higher dividend yield at 10.39%, compared with 3.98% for BND.
JEPQ is categorized as Nasdaq-100, while BND is Total Bond Market. JEPQ tracks Nasdaq-100 Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.35% for JEPQ and 0.03% for BND.
JEPQ currently has the higher Sharpe Ratio (2.08 vs 1.16), 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.
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