VEGA vs. JEPI
VEGA (AdvisorShares STAR Global Buy-Write ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - VEGA is a Global Equities fund actively managed by AdvisorShares, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, VEGA returned 7.10%/yr vs 7.51%/yr for JEPI. A 0.70 correlation means they provide meaningful diversification when combined. VEGA charges 2.02%/yr vs 0.35%/yr for JEPI.
Performance
VEGA vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 6.92% return, which is significantly higher than JEPI's 1.34% return.
VEGA
- 1D
- -0.23%
- 1M
- 0.95%
- YTD
- 6.92%
- 6M
- 6.45%
- 1Y
- 19.11%
- 3Y*
- 13.69%
- 5Y*
- 7.10%
- 10Y*
- 8.06%
JEPI
- 1D
- -0.05%
- 1M
- 0.23%
- YTD
- 1.34%
- 6M
- 1.18%
- 1Y
- 8.97%
- 3Y*
- 9.13%
- 5Y*
- 7.51%
- 10Y*
- —
VEGA vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 6.92% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 18.01% |
JEPI JPMorgan Equity Premium Income ETF | 1.34% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between VEGA and JEPI is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.70 |
The correlation between VEGA and JEPI shifts across timeframes, from 0.58 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VEGA vs. JEPI — Risk / Return Rank
VEGA
JEPI
VEGA vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and JPMorgan Equity Premium Income ETF (JEPI). 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.
| VEGA | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.35 | +1.45 |
| Martin ratioReturn relative to average drawdown | 12.27 | 4.00 | +8.27 |
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Drawdowns
VEGA vs. JEPI - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for VEGA and JEPI.
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Drawdown Indicators
| VEGA | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -13.71% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -6.68% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -13.26% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -13.71% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -3.69% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -2.13% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.24% | -0.68% |
Volatility
VEGA vs. JEPI - Volatility Comparison
AdvisorShares STAR Global Buy-Write ETF (VEGA) has a higher volatility of 3.65% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.35%. This indicates that VEGA's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGA | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 2.35% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 6.28% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.55% | 8.04% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 11.08% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 10.79% | +1.95% |
VEGA vs. JEPI - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
VEGA vs. JEPI - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.26%, less than JEPI's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.17% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.26% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
VEGA and JEPI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEGA has higher volatility (3.65%) compared to JEPI (2.35%). In terms of maximum drawdown, VEGA dropped -28.37% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.51% vs 7.10% for VEGA. On fees, JEPI is cheaper at 0.35% per year. On volatility, JEPI has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.51% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPI is cheaper with a 0.35% expense ratio, compared with 2.02% for VEGA.
JEPI has the higher dividend yield at 8.17%, compared with 1.26% for VEGA.
VEGA is categorized as Global Equities, while JEPI is Dividend. They also come from different issuers: AdvisorShares and JPMorgan. Their fees differ too: 2.02% for VEGA and 0.35% for JEPI.
VEGA currently has the higher Sharpe Ratio (2.01 vs 1.12), 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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