VHYD.L vs. JEPQ.L

Last updated Jun 10, 2026

VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. VHYD.L is passively managed, while JEPQ.L is actively managed. Over the past year, VHYD.L returned 24.58% vs 24.41% for JEPQ.L. A 0.55 correlation means they provide meaningful diversification when combined. VHYD.L charges 0.29%/yr vs 0.35%/yr for JEPQ.L.

Performance

VHYD.L vs. JEPQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VHYD.L achieves a 9.52% return, which is significantly higher than JEPQ.L's 5.67% return.

VHYD.L

• 1D: -0.43%
• 1M: 0.39%
• YTD: 9.52%
• 6M: 12.15%
• 1Y: 24.58%
• 3Y*: 17.96%
• 5Y*: 10.19%
• 10Y*: 9.89%

JEPQ.L

• 1D: -1.43%
• 1M: -0.07%
• YTD: 5.67%
• 6M: 6.35%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VHYD.L vs. JEPQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	9.52%	27.03%	-3.59%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	5.67%	14.79%	3.73%

Correlation

The correlation between VHYD.L and JEPQ.L is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.55

The correlation between VHYD.L and JEPQ.L has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

VHYD.L vs. JEPQ.L - Sectors Allocation Comparison

Sectors	VHYD.L	JEPQ.L
Financial Services	28.6%	0.4%
Industrials	12.3%	3.1%
Healthcare	11.2%	4.4%
Energy	9.4%	0.4%
Consumer Defensive	8.7%	7.1%
Technology	7.7%	54.0%
Consumer Cyclical	7.0%	12.7%
Utilities	5.7%	1.3%
Basic Materials	5.1%	1.0%
Communication Services	3.5%	15.4%
Real Estate	0.9%	0.2%

Return for Risk

VHYD.L vs. JEPQ.L — Risk / Return Rank

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

VHYD.L

VHYD.L Risk / Return Rank: 77
VHYD.L Sharpe Ratio Rank: 81
VHYD.L Sortino Ratio Rank: 84
VHYD.L Omega Ratio Rank: 80
VHYD.L Calmar Ratio Rank: 71
VHYD.L Martin Ratio Rank: 70

JEPQ.L

JEPQ.L Risk / Return Rank: 73
JEPQ.L Sharpe Ratio Rank: 70
JEPQ.L Sortino Ratio Rank: 75
JEPQ.L Omega Ratio Rank: 75
JEPQ.L Calmar Ratio Rank: 67
JEPQ.L Martin Ratio Rank: 76

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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.

	VHYD.L	JEPQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.01	+0.30
Sortino ratio: Return per unit of downside risk	3.31	2.92	+0.39
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.16	2.94	+0.22
Martin ratio: Return relative to average drawdown	11.40	12.84	-1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHYD.L vs. JEPQ.L - Sharpe Ratio Comparison

The current VHYD.L Sharpe Ratio is 2.30, which is comparable to the JEPQ.L Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of VHYD.L and JEPQ.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

	VHYD.L	JEPQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.01	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.95	-0.41

Drawdowns

VHYD.L vs. JEPQ.L - Drawdown Comparison

The maximum VHYD.L drawdown since its inception was -36.60%, which is greater than JEPQ.L's maximum drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for VHYD.L and JEPQ.L.

Drawdown Indicators

	VHYD.L	JEPQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.60%	-20.08%	-16.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-8.31%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-12.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.60%	—	—
Current Drawdown Current decline from peak	-1.62%	-3.65%	+2.03%
Average Drawdown Average peak-to-trough decline	-5.32%	-2.78%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.90%	+0.25%

Volatility

VHYD.L vs. JEPQ.L - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) have volatilities of 2.67% and 2.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYD.L	JEPQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.69%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	9.18%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	12.16%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	16.22%	-2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	16.22%	-0.83%

VHYD.L vs. JEPQ.L - Expense Ratio Comparison

VHYD.L has a 0.29% expense ratio, which is lower than JEPQ.L's 0.35% expense ratio.

Dividends

VHYD.L vs. JEPQ.L - Dividend Comparison

VHYD.L's dividend yield for the trailing twelve months is around 2.52%, less than JEPQ.L's 10.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.49%	10.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.52%	2.77%	3.15%	3.31%	3.72%	3.14%	2.90%	3.23%	3.77%	2.96%	3.16%	3.32%

Frequently Asked Questions

Can I hold both VHYD.L and JEPQ.L in my portfolio?

VHYD.L and JEPQ.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VHYD.L or JEPQ.L?

On fees, VHYD.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYD.L or JEPQ.L?

VHYD.L is cheaper with a 0.29% expense ratio, compared with 0.35% for JEPQ.L.

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

VHYD.L is categorized as Global Equities, while JEPQ.L is Nasdaq-100. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.29% for VHYD.L and 0.35% for JEPQ.L.