VIG vs. JEPQ

Last updated Aug 4, 2026

VIG (Vanguard Dividend Appreciation ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, VIG returned 15.82%/yr vs 18.60%/yr for JEPQ. Their 0.73 correlation means they have sometimes moved together and sometimes differently. VIG charges 0.04%/yr vs 0.35%/yr for JEPQ.

Performance

VIG vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) 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, VIG achieves a 10.16% return, which is significantly higher than JEPQ's 7.51% return.

VIG

• 1D: 0.41%
• 1M: 0.64%
• 6M: 7.02%
• YTD: 10.16%
• 1Y: 19.59%
• 3Y*: 15.82%
• 5Y*: 10.56%
• 10Y*: 12.98%
• ALL TIME*: 10.24%

JEPQ

• 1D: 1.38%
• 1M: -0.56%
• 6M: 4.41%
• YTD: 7.51%
• 1Y: 21.24%
• 3Y*: 18.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	$489.18M	$434.68M	$428.59M
VIG Vanguard Dividend Appreciation ETF	$232.65M	$242.03M	$260.72M

VIG vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VIG Vanguard Dividend Appreciation ETF	10.16%	14.17%	16.99%	14.51%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.51%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between VIG and JEPQ is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.73

The correlation between VIG and JEPQ shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

VIG vs. JEPQ - Sectors Allocation Comparison

Sectors	VIG	JEPQ
Technology	26.9%	60.6%
Financial Services	20.3%	0.3%
Healthcare	17.8%	4.0%
Industrials	11.9%	3.0%
Consumer Defensive	9.2%	5.8%
Consumer Cyclical	4.5%	11.1%
Basic Materials	3.4%	0.9%
Utilities	3.0%	1.0%
Energy	3.0%	0.3%
Communication Services	0.5%	12.8%
Real Estate	-	0.2%

Return for Risk

VIG vs. JEPQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VIG

VIG Risk / Return Rank: 79
VIG Sharpe Ratio Rank: 83
VIG Sortino Ratio Rank: 84
VIG Omega Ratio Rank: 82
VIG Calmar Ratio Rank: 71
VIG Martin Ratio Rank: 78

JEPQ

JEPQ Risk / Return Rank: 66
JEPQ Sharpe Ratio Rank: 61
JEPQ Sortino Ratio Rank: 59
JEPQ Omega Ratio Rank: 64
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIG vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) 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.

	VIG	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.46	+0.50
Sortino ratio: Return per unit of downside risk	2.82	2.04	+0.78
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	2.49	2.42	+0.07
Martin ratio: Return relative to average drawdown	10.11	9.91	+0.21

VIG vs. JEPQ - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.96, which is higher than the JEPQ Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of VIG 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

VIG vs. JEPQ - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for VIG and JEPQ.

Drawdown Indicators

	VIG	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-20.07%	-26.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-8.82%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-20.07%	+5.12%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	—	—
Current Drawdown Current decline from peak	-0.66%	-2.91%	+2.25%
Average Drawdown Average peak-to-trough decline	-5.47%	-3.38%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.15%	-0.21%

Volatility

VIG vs. JEPQ - Volatility Comparison

The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.57%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 6.14%. This indicates that VIG 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

	VIG	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	6.14%	-3.57%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	12.20%	-4.58%
Volatility (1Y) Calculated over the trailing 1-year period	10.08%	14.64%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	16.90%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	16.90%	-0.88%

VIG vs. JEPQ - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

VIG vs. JEPQ - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.49%, less than JEPQ's 11.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.18%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIG Vanguard Dividend Appreciation ETF	1.49%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both VIG and JEPQ in my portfolio?

VIG and JEPQ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIG or JEPQ?

JEPQ has higher volatility (6.14%) compared to VIG (2.57%). In terms of maximum drawdown, VIG dropped -46.81% vs JEPQ's -20.07%.

Which ETF is better, VIG or JEPQ?

On 3-year performance, JEPQ leads with 18.60% vs 15.82% for VIG. On fees, VIG is cheaper at 0.04% per year. On volatility, VIG has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIG or JEPQ?

Over the 3-year period, JEPQ has performed better with a 18.60% return vs 15.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIG or JEPQ?

VIG is cheaper with a 0.04% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 11.18%, compared with 1.49% for VIG.

What is the main difference between VIG and JEPQ?

VIG is categorized as Dividend, while JEPQ is Nasdaq-100. VIG tracks S&P U.S. Dividend Growers Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.04% for VIG and 0.35% for JEPQ.

Which has better risk-adjusted returns?

VIG currently has the higher Sharpe Ratio (1.96 vs 1.46), 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.