VCRB vs. JEPQ

Last updated Jun 14, 2026

VCRB (Vanguard Core Bond ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - VCRB is a Intermediate Core Bond fund actively managed by Vanguard, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. VCRB is actively managed, while JEPQ is passively managed. Over the past year, VCRB returned 5.24% vs 26.60% for JEPQ. At a 0.13 correlation, their price movements are largely independent. VCRB charges 0.10%/yr vs 0.35%/yr for JEPQ.

Performance

VCRB vs. JEPQ - Performance Comparison

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

Returns By Period

In the year-to-date period, VCRB achieves a 0.70% return, which is significantly lower than JEPQ's 7.85% return.

VCRB

• 1D: -0.04%
• 1M: 0.47%
• YTD: 0.70%
• 6M: 1.09%
• 1Y: 5.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: 0.62%
• 1M: 0.68%
• YTD: 7.85%
• 6M: 8.80%
• 1Y: 26.60%
• 3Y*: 19.91%
• 5Y*: —
• 10Y*: —

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

VCRB vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VCRB Vanguard Core Bond ETF	0.70%	7.56%	2.21%	0.95%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.85%	15.18%	24.85%	0.75%

Correlation

The correlation between VCRB and JEPQ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.13

The correlation between VCRB and JEPQ shifts across timeframes, from 0.13 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VCRB vs. JEPQ — Risk / Return Rank

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

VCRB

VCRB Risk / Return Rank: 42
VCRB Sharpe Ratio Rank: 43
VCRB Sortino Ratio Rank: 44
VCRB Omega Ratio Rank: 40
VCRB Calmar Ratio Rank: 42
VCRB Martin Ratio Rank: 38

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 69
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 81

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.

VCRB vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Bond ETF (VCRB) 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.

	VCRB	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.03	-0.69
Sortino ratio: Return per unit of downside risk	2.00	2.69	-0.69
Omega ratio: Gain probability vs. loss probability	1.23	1.40	-0.17
Calmar ratio: Return relative to maximum drawdown	1.85	2.91	-1.06
Martin ratio: Return relative to average drawdown	5.35	13.84	-8.49

VCRB vs. JEPQ - Sharpe Ratio Comparison

The current VCRB Sharpe Ratio is 1.34, which is lower than the JEPQ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of VCRB 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.

Drawdowns

VCRB vs. JEPQ - Drawdown Comparison

The maximum VCRB drawdown since its inception was -4.59%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for VCRB and JEPQ.

Drawdown Indicators

	VCRB	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-4.59%	-20.07%	+15.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	-8.82%	+6.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.07%	—
Current Drawdown Current decline from peak	-1.16%	-1.64%	+0.48%
Average Drawdown Average peak-to-trough decline	-1.16%	-3.41%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	1.85%	-0.94%

Volatility

VCRB vs. JEPQ - Volatility Comparison

The current volatility for Vanguard Core Bond ETF (VCRB) is 1.20%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 4.98%. This indicates that VCRB 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.

Volatility by Period

	VCRB	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	4.98%	-3.78%
Volatility (6M) Calculated over the trailing 6-month period	2.66%	10.22%	-7.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	12.61%	-8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.73%	16.73%	-12.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.73%	16.73%	-12.00%

VCRB vs. JEPQ - Expense Ratio Comparison

VCRB has a 0.10% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

VCRB vs. JEPQ - Dividend Comparison

VCRB's dividend yield for the trailing twelve months is around 4.59%, less than JEPQ's 10.22% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.22%	10.53%	9.65%	10.03%	9.44%
VCRB Vanguard Core Bond ETF	4.59%	4.55%	4.22%	0.16%	0.00%

Frequently Asked Questions

Can I hold both VCRB and JEPQ in my portfolio?

VCRB and JEPQ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCRB or JEPQ?

JEPQ has higher volatility (4.98%) compared to VCRB (1.20%). In terms of maximum drawdown, VCRB dropped -4.59% vs JEPQ's -20.07%.

Which ETF is better, VCRB or JEPQ?

On 1-year performance, JEPQ leads with 26.60% vs 5.24% for VCRB. On fees, VCRB is cheaper at 0.10% per year. On volatility, VCRB has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VCRB or JEPQ?

Over the 1-year period, JEPQ has performed better with a 26.60% return vs 5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VCRB or JEPQ?

VCRB is cheaper with a 0.10% expense ratio, compared with 0.35% for JEPQ.

Which ETF pays a higher dividend yield, VCRB or JEPQ?

JEPQ has the higher dividend yield at 10.22%, compared with 4.59% for VCRB.

What is the main difference between VCRB and JEPQ?

VCRB is categorized as Intermediate Core Bond, while JEPQ is Nasdaq-100. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.10% for VCRB and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.03 vs 1.34), 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.