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VLUE vs. JEPQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLUE vs. JEPQ

Last updated Jul 25, 2026
Documentation

VLUE (iShares MSCI USA Value Factor ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, VLUE returned 29.42%/yr vs 17.64%/yr for JEPQ. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VLUE charges 0.15%/yr vs 0.35%/yr for JEPQ.

Performance

VLUE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Value Factor ETF (VLUE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VLUE achieves a 43.48% return, which is significantly higher than JEPQ's 5.52% return.

VLUE

1D
-0.49%
1M
-4.86%
6M
35.25%
YTD
43.48%
1Y
71.63%
3Y*
29.42%
5Y*
16.55%
10Y*
14.56%
ALL TIME*
13.64%

JEPQ

1D
-0.97%
1M
-2.60%
6M
3.56%
YTD
5.52%
1Y
17.19%
3Y*
17.64%
5Y*
—
10Y*
—
ALL TIME*
15.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF
$411.15M$392.07M$419.06M

VLUE

iShares MSCI USA Value Factor ETF
$165.60M$255.80M$278.61M

VLUE vs. JEPQ - Yearly Performance Comparison

2026 (YTD)2025202420232022
VLUE
iShares MSCI USA Value Factor ETF		43.48%32.67%7.25%14.26%-7.29%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		5.52%15.18%24.85%36.28%-11.16%

Correlation

The correlation between VLUE and JEPQ is 0.74, 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.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.65

Correlation (All Time)
Calculated using the full available price history since May 4, 2022

0.69

The correlation between VLUE and JEPQ has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

VLUE vs. JEPQ - Sectors Allocation Comparison

Sectors
VLUE
JEPQ

Technology

43.1%
60.6%

Financial Services

10.6%
0.3%

Consumer Cyclical

9.9%
11.1%

Communication Services

8.7%
12.8%

Industrials

7.9%
3.0%

Healthcare

7.8%
4.0%

Consumer Defensive

4.2%
5.8%

Energy

2.8%
0.3%

Utilities

2.0%
1.0%

Real Estate

1.8%
0.2%

Basic Materials

1.2%
0.9%

Technology

VLUE
43.1%
JEPQ
60.6%

Financial Services

VLUE
10.6%
JEPQ
0.3%

Consumer Cyclical

VLUE
9.9%
JEPQ
11.1%

Communication Services

VLUE
8.7%
JEPQ
12.8%

Industrials

VLUE
7.9%
JEPQ
3.0%

Healthcare

VLUE
7.8%
JEPQ
4.0%

Consumer Defensive

VLUE
4.2%
JEPQ
5.8%

Energy

VLUE
2.8%
JEPQ
0.3%

Utilities

VLUE
2.0%
JEPQ
1.0%

Real Estate

VLUE
1.8%
JEPQ
0.2%

Basic Materials

VLUE
1.2%
JEPQ
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Value Factor ETF

JPMorgan Nasdaq Equity Premium Income ETF

Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. VTVVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHV
Often compared with JEPQ:
JEPQ vs. JEPIJEPQ vs. QQQIJEPQ vs. QQQJEPQ vs. SCHDJEPQ vs. QYLDJEPQ vs. GPIQJEPQ vs. SPYI

Return for Risk

VLUE vs. JEPQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
Martin Ratio Rank
JEPQ
JEPQ Risk / Return Rank: 5656
Overall Rank
JEPQ Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
JEPQ Sortino Ratio Rank: 4848
Sortino Ratio Rank
JEPQ Omega Ratio Rank: 5353
Omega Ratio Rank
JEPQ Calmar Ratio Rank: 5757
Calmar Ratio Rank
JEPQ Martin Ratio Rank: 7070
Martin Ratio Rank
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.

VLUE vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor ETF (VLUE) 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.

VLUEJEPQDifference
Sharpe ratioReturn per unit of total volatility
3.60
1.23

+2.36

Sortino ratioReturn per unit of downside risk
4.66
1.72

+2.94

Omega ratioGain probability vs. loss probability

1.61

1.23

+0.37

Calmar ratioReturn relative to maximum drawdown

7.98

1.97

+6.00

Martin ratioReturn relative to average drawdown

27.87

8.72

+19.15

VLUE vs. JEPQ - Sharpe Ratio Comparison

The current VLUE Sharpe Ratio is 3.60, which is higher than the JEPQ Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of VLUE 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.

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Drawdowns

VLUE vs. JEPQ - Drawdown Comparison

The maximum VLUE drawdown since its inception was -39.47%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for VLUE and JEPQ.

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Drawdown Indicators

VLUEJEPQDifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-20.07%

-19.40%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-8.82%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-17.89%

-20.07%

+2.18%

Max Drawdown (5Y)

Largest decline over 5 years

-27.12%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

—

—

Current Drawdown

Current decline from peak

-4.86%

-4.71%

-0.15%

Average Drawdown

Average peak-to-trough decline

-5.99%

-3.37%

-2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

1.99%

+0.59%

Volatility

VLUE vs. JEPQ - Volatility Comparison

iShares MSCI USA Value Factor ETF (VLUE) has a higher volatility of 7.20% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.63%. This indicates that VLUE's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VLUEJEPQDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.20%

5.63%

+1.57%

Volatility (6M)

Calculated over the trailing 6-month period

17.11%

11.56%

+5.55%

Volatility (1Y)

Calculated over the trailing 1-year period

20.08%

14.13%

+5.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.29%

16.84%

+1.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.00%

16.84%

+3.16%

VLUE vs. JEPQ - Expense Ratio Comparison

VLUE has a 0.15% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

VLUE vs. JEPQ - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.44%, less than JEPQ's 10.80% yield.

PositionTTM20252024202320222021202020192018201720162015
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		10.80%10.53%9.65%10.03%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VLUE
iShares MSCI USA Value Factor ETF		1.44%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

VLUE and JEPQ 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.

VLUE has higher volatility (7.20%) compared to JEPQ (5.63%). In terms of maximum drawdown, VLUE dropped -39.47% vs JEPQ's -20.07%.

On 3-year performance, VLUE leads with 29.42% vs 17.64% for JEPQ. On fees, VLUE is cheaper at 0.15% per year. On volatility, JEPQ has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, VLUE has performed better with a 29.42% return vs 17.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPQ.

JEPQ has the higher dividend yield at 10.80%, compared with 1.44% for VLUE.

VLUE is categorized as Large Cap Value Equities, while JEPQ is Nasdaq-100. VLUE tracks MSCI USA Enhanced Value Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for VLUE and 0.35% for JEPQ.

VLUE currently has the higher Sharpe Ratio (3.60 vs 1.23), 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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