JEPQ vs. VAPX.L

Last updated Jun 9, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 3 years, JEPQ returned 20.04%/yr vs 25.08%/yr for VAPX.L. At a 0.48 correlation, their price movements are largely independent. JEPQ charges 0.35%/yr vs 0.15%/yr for VAPX.L.

Performance

JEPQ vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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

JEPQ 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, JEPQ achieves a 7.44% return, which is significantly lower than VAPX.L's 39.58% return.

JEPQ

• 1D: 1.24%
• 1M: 0.97%
• YTD: 7.44%
• 6M: 7.26%
• 1Y: 25.85%
• 3Y*: 20.04%
• 5Y*: —
• 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)

JEPQ vs. VAPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.44%	15.18%	24.85%	36.28%	-12.89%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	39.58%	41.25%	-5.11%	9.37%	-6.55%

Correlation

The correlation between JEPQ and VAPX.L is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.48

The correlation between JEPQ and VAPX.L shifts across timeframes, from 0.48 (3 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.

JEPQ vs. VAPX.L - Sectors Allocation Comparison

Sectors	JEPQ	VAPX.L
Technology	54.0%	30.2%
Communication Services	15.4%	2.4%
Consumer Cyclical	12.8%	5.3%
Consumer Defensive	7.1%	2.5%
Healthcare	4.4%	3.3%
Industrials	3.1%	12.5%
Utilities	1.3%	2.0%
Basic Materials	1.0%	9.5%
Energy	0.4%	2.3%
Financial Services	0.4%	25.3%
Real Estate	0.2%	4.9%

Return for Risk

JEPQ vs. VAPX.L — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 73
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

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

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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.

	JEPQ	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	3.02	-0.88
Sortino ratio: Return per unit of downside risk	2.79	3.68	-0.89
Omega ratio: Gain probability vs. loss probability	1.42	1.54	-0.12
Calmar ratio: Return relative to maximum drawdown	2.95	4.63	-1.69
Martin ratio: Return relative to average drawdown	14.33	17.93	-3.60
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 vs. VAPX.L - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.13, which is comparable to the VAPX.L Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of JEPQ 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

	JEPQ	VAPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	3.02	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.43	+0.53

Drawdowns

JEPQ vs. VAPX.L - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum VAPX.L drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for JEPQ and VAPX.L.

Drawdown Indicators

	JEPQ	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-38.96%	+18.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-15.09%	+6.27%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-20.38%	+0.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.96%	—
Current Drawdown Current decline from peak	-2.02%	-9.65%	+7.63%
Average Drawdown Average peak-to-trough decline	-3.42%	-10.17%	+6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	3.91%	-2.10%

Volatility

JEPQ vs. VAPX.L - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 3.65%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 12.47%. This indicates that JEPQ 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

	JEPQ	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	12.47%	-8.82%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	20.85%	-11.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	23.25%	-11.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	19.18%	-2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	19.32%	-2.65%

JEPQ vs. VAPX.L - Expense Ratio Comparison

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

Dividends

JEPQ vs. VAPX.L - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.26%, more than VAPX.L's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.26%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	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 JEPQ and VAPX.L in my portfolio?

JEPQ and VAPX.L have a correlation of 0.59, 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 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, JEPQ or VAPX.L?

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

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

JEPQ is categorized as Nasdaq-100, while VAPX.L is Asia Pacific Equities. JEPQ tracks Nasdaq-100 Index, while VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.35% for JEPQ and 0.15% for VAPX.L.