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LRGF vs. JEPQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LRGF vs. JEPQ

Last updated Jul 26, 2026
Documentation

LRGF (iShares MSCI USA Multifactor ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, LRGF returned 19.41%/yr vs 17.64%/yr for JEPQ. Their correlation of 0.91 means they have usually moved in the same direction. LRGF charges 0.20%/yr vs 0.35%/yr for JEPQ.

Performance

LRGF vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LRGF achieves a 8.94% return, which is significantly higher than JEPQ's 5.52% return.

LRGF

1D
0.09%
1M
1.20%
6M
8.82%
YTD
8.94%
1Y
15.34%
3Y*
19.41%
5Y*
13.20%
10Y*
13.48%
ALL TIME*
12.23%

JEPQ

1D
-0.97%
1M
-2.60%
6M
3.56%
YTD
5.52%
1Y
17.19%
3Y*
17.64%
5Y*
—
10Y*
—
ALL TIME*
15.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF
$411.15M$392.07M$419.06M

LRGF

iShares MSCI USA Multifactor ETF
$11.35M$13.93M$11.55M

LRGF vs. JEPQ - Yearly Performance Comparison

2026 (YTD)2025202420232022
LRGF
iShares MSCI USA Multifactor ETF		8.94%16.48%26.59%25.85%-5.80%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		5.52%15.18%24.85%36.28%-11.16%

Correlation

The correlation between LRGF and JEPQ is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.90

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (All Time)
Calculated using the full available price history since May 4, 2022

0.91

The correlation between LRGF and JEPQ has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

LRGF vs. JEPQ - Sectors Allocation Comparison

Sectors
LRGF
JEPQ

Technology

37.3%
60.6%

Financial Services

11.7%
0.3%

Consumer Cyclical

10.5%
11.1%

Communication Services

10.0%
12.8%

Healthcare

9.4%
4.0%

Industrials

8.3%
3.0%

Consumer Defensive

4.9%
5.8%

Energy

3.1%
0.3%

Utilities

2.0%
1.0%

Basic Materials

1.8%
0.9%

Real Estate

1.1%
0.2%

Technology

LRGF
37.3%
JEPQ
60.6%

Financial Services

LRGF
11.7%
JEPQ
0.3%

Consumer Cyclical

LRGF
10.5%
JEPQ
11.1%

Communication Services

LRGF
10.0%
JEPQ
12.8%

Healthcare

LRGF
9.4%
JEPQ
4.0%

Industrials

LRGF
8.3%
JEPQ
3.0%

Consumer Defensive

LRGF
4.9%
JEPQ
5.8%

Energy

LRGF
3.1%
JEPQ
0.3%

Utilities

LRGF
2.0%
JEPQ
1.0%

Basic Materials

LRGF
1.8%
JEPQ
0.9%

Real Estate

LRGF
1.1%
JEPQ
0.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Multifactor ETF

JPMorgan Nasdaq Equity Premium Income ETF

Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. VVLRGF vs. JQUA
Often compared with JEPQ:
JEPQ vs. JEPIJEPQ vs. QQQIJEPQ vs. QQQJEPQ vs. SCHDJEPQ vs. QYLDJEPQ vs. GPIQJEPQ vs. SPYI

Return for Risk

LRGF vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LRGF
LRGF Risk / Return Rank: 5252
Overall Rank
LRGF Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 5151
Sortino Ratio Rank
LRGF Omega Ratio Rank: 5050
Omega Ratio Rank
LRGF Calmar Ratio Rank: 5151
Calmar Ratio Rank
LRGF Martin Ratio Rank: 5959
Martin Ratio Rank
JEPQ
JEPQ Risk / Return Rank: 5656
Overall Rank
JEPQ Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
JEPQ Sortino Ratio Rank: 4848
Sortino Ratio Rank
JEPQ Omega Ratio Rank: 5353
Omega Ratio Rank
JEPQ Calmar Ratio Rank: 5757
Calmar Ratio Rank
JEPQ Martin Ratio Rank: 7070
Martin Ratio Rank
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.

LRGF vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

LRGFJEPQDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.23

+0.02

Sortino ratioReturn per unit of downside risk
1.77
1.72

+0.06

Omega ratioGain probability vs. loss probability

1.22

1.23

-0.01

Calmar ratioReturn relative to maximum drawdown

1.78

1.97

-0.19

Martin ratioReturn relative to average drawdown

6.95

8.72

-1.77

LRGF vs. JEPQ - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.25, which is comparable to the JEPQ Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of LRGF and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LRGF vs. JEPQ - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for LRGF and JEPQ.

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Drawdown Indicators

LRGFJEPQDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-20.07%

-15.96%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-8.82%

-0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-19.44%

-20.07%

+0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

—

—

Current Drawdown

Current decline from peak

-2.11%

-4.71%

+2.60%

Average Drawdown

Average peak-to-trough decline

-4.51%

-3.37%

-1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

1.99%

+0.29%

Volatility

LRGF vs. JEPQ - Volatility Comparison

The current volatility for iShares MSCI USA Multifactor ETF (LRGF) is 2.90%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.63%. This indicates that LRGF experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LRGFJEPQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

5.63%

-2.73%

Volatility (6M)

Calculated over the trailing 6-month period

9.83%

11.56%

-1.73%

Volatility (1Y)

Calculated over the trailing 1-year period

12.69%

14.13%

-1.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.07%

16.84%

+0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.28%

16.84%

+1.44%

LRGF vs. JEPQ - Expense Ratio Comparison

LRGF has a 0.20% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

LRGF vs. JEPQ - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.09%, less than JEPQ's 10.80% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		10.80%10.53%9.65%10.03%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LRGF
iShares MSCI USA Multifactor ETF		1.09%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%

Frequently Asked Questions

With a correlation of 0.90, LRGF and JEPQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

JEPQ has higher volatility (5.63%) compared to LRGF (2.90%). In terms of maximum drawdown, LRGF dropped -36.03% vs JEPQ's -20.07%.

On 3-year performance, LRGF leads with 19.41% vs 17.64% for JEPQ. On fees, LRGF is cheaper at 0.20% per year. On volatility, LRGF has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, LRGF has performed better with a 19.41% return vs 17.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LRGF is cheaper with a 0.20% expense ratio, compared with 0.35% for JEPQ.

JEPQ has the higher dividend yield at 10.80%, compared with 1.09% for LRGF.

LRGF is categorized as Large Cap Blend Equities, while JEPQ is Nasdaq-100. LRGF tracks MSCI USA Diversified Multi-Factor, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for LRGF and 0.35% for JEPQ.

LRGF currently has the higher Sharpe Ratio (1.25 vs 1.23), 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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