VFVA vs. JEPI

Last updated Jun 4, 2026

VFVA (Vanguard U.S. Value Factor ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - VFVA is a Mid Cap Value Equities fund actively managed by Vanguard, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, VFVA returned 9.48%/yr vs 7.26%/yr for JEPI. A 0.68 correlation means they provide meaningful diversification when combined. VFVA charges 0.13%/yr vs 0.35%/yr for JEPI.

Performance

VFVA vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Value Factor ETF (VFVA) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFVA achieves a 9.50% return, which is significantly higher than JEPI's 0.15% return.

VFVA

• 1D: -1.33%
• 1M: 0.94%
• YTD: 9.50%
• 6M: 10.40%
• 1Y: 28.50%
• 3Y*: 17.34%
• 5Y*: 9.48%
• 10Y*: —

JEPI

• 1D: 0.14%
• 1M: -1.54%
• YTD: 0.15%
• 6M: 0.47%
• 1Y: 7.70%
• 3Y*: 8.88%
• 5Y*: 7.26%
• 10Y*: —

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

VFVA vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VFVA Vanguard U.S. Value Factor ETF	9.50%	14.77%	7.67%	17.37%	-3.96%	36.94%	44.20%
JEPI JPMorgan Equity Premium Income ETF	0.15%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.61%

Correlation

The correlation between VFVA and JEPI is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 22, 2020	0.68

The correlation between VFVA and JEPI has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

VFVA vs. JEPI - Sectors Allocation Comparison

Sectors	VFVA	JEPI
Financial Services	25.7%	9.8%
Healthcare	14.9%	14.1%
Technology	14.5%	19.1%
Consumer Cyclical	13.1%	11.7%
Industrials	7.6%	13.8%
Energy	7.3%	3.5%
Consumer Defensive	7.1%	9.6%
Communication Services	6.2%	6.9%
Basic Materials	3.3%	1.9%
Real Estate	0.4%	3.5%
Utilities	-	6.2%

Return for Risk

VFVA vs. JEPI — Risk / Return Rank

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

VFVA

VFVA Risk / Return Rank: 58
VFVA Sharpe Ratio Rank: 54
VFVA Sortino Ratio Rank: 57
VFVA Omega Ratio Rank: 52
VFVA Calmar Ratio Rank: 66
VFVA Martin Ratio Rank: 59

JEPI

JEPI Risk / Return Rank: 26
JEPI Sharpe Ratio Rank: 27
JEPI Sortino Ratio Rank: 26
JEPI Omega Ratio Rank: 26
JEPI Calmar Ratio Rank: 24
JEPI Martin Ratio Rank: 26

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.

VFVA vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Value Factor ETF (VFVA) 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.

	VFVA	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.87	0.99	+0.89
Sortino ratio: Return per unit of downside risk	2.76	1.47	+1.29
Omega ratio: Gain probability vs. loss probability	1.33	1.18	+0.15
Calmar ratio: Return relative to maximum drawdown	3.35	1.16	+2.19
Martin ratio: Return relative to average drawdown	10.61	3.73	+6.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFVA vs. JEPI - Sharpe Ratio Comparison

The current VFVA Sharpe Ratio is 1.87, which is higher than the JEPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of VFVA and JEPI, 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

	VFVA	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	0.99	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.66	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.01	-0.58

Drawdowns

VFVA vs. JEPI - Drawdown Comparison

The maximum VFVA drawdown since its inception was -48.58%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for VFVA and JEPI.

Drawdown Indicators

	VFVA	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-48.58%	-13.71%	-34.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-6.68%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-24.07%	-13.26%	-10.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.07%	-13.71%	-10.36%
Current Drawdown Current decline from peak	-1.51%	-4.83%	+3.32%
Average Drawdown Average peak-to-trough decline	-7.31%	-2.12%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.07%	+0.62%

Volatility

VFVA vs. JEPI - Volatility Comparison

Vanguard U.S. Value Factor ETF (VFVA) has a higher volatility of 3.36% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.35%. This indicates that VFVA'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.

Volatility by Period

	VFVA	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	1.35%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	9.81%	6.07%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.35%	7.85%	+7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	11.06%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.32%	10.80%	+13.52%

VFVA vs. JEPI - Expense Ratio Comparison

VFVA has a 0.13% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

VFVA vs. JEPI - Dividend Comparison

VFVA's dividend yield for the trailing twelve months is around 1.95%, less than JEPI's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JEPI JPMorgan Equity Premium Income ETF	8.27%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%
VFVA Vanguard U.S. Value Factor ETF	1.95%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%

Frequently Asked Questions

Can I hold both VFVA and JEPI in my portfolio?

VFVA and JEPI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFVA or JEPI?

VFVA has higher volatility (3.36%) compared to JEPI (1.35%). In terms of maximum drawdown, VFVA dropped -48.58% vs JEPI's -13.71%.

Which ETF is better, VFVA or JEPI?

On 5-year performance, VFVA leads with 9.48% vs 7.26% for JEPI. On fees, VFVA is cheaper at 0.13% per year. On volatility, JEPI has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFVA or JEPI?

Over the 5-year period, VFVA has performed better with a 9.48% return vs 7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFVA or JEPI?

VFVA is cheaper with a 0.13% expense ratio, compared with 0.35% for JEPI.

Which ETF pays a higher dividend yield, VFVA or JEPI?

JEPI has the higher dividend yield at 8.27%, compared with 1.95% for VFVA.

What is the main difference between VFVA and JEPI?

VFVA is categorized as Mid Cap Value Equities, while JEPI is Dividend. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.13% for VFVA and 0.35% for JEPI.

Which has better risk-adjusted returns?

VFVA currently has the higher Sharpe Ratio (1.87 vs 0.99), 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.