VONG vs. JEPQ

Last updated Jun 28, 2026

VONG (Vanguard Russell 1000 Growth ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, VONG returned 21.36%/yr vs 19.41%/yr for JEPQ. With a 0.95 correlation, they move nearly in lockstep. VONG charges 0.06%/yr vs 0.35%/yr for JEPQ.

Performance

VONG vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 Growth ETF (VONG) 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, VONG achieves a 0.56% return, which is significantly lower than JEPQ's 7.06% return.

VONG

• 1D: 0.39%
• 1M: -7.09%
• YTD: 0.56%
• 6M: -0.97%
• 1Y: 13.10%
• 3Y*: 21.36%
• 5Y*: 12.80%
• 10Y*: 18.28%

JEPQ

• 1D: -1.18%
• 1M: -1.92%
• YTD: 7.06%
• 6M: 5.89%
• 1Y: 21.78%
• 3Y*: 19.41%
• 5Y*: —
• 10Y*: —

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

VONG vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VONG Vanguard Russell 1000 Growth ETF	0.56%	18.45%	33.20%	42.67%	-12.59%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.06%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between VONG and JEPQ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.95

The correlation between VONG and JEPQ has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

VONG vs. JEPQ - Sectors Allocation Comparison

Sectors	VONG	JEPQ
Technology	54.1%	58.9%
Consumer Cyclical	12.5%	11.8%
Communication Services	12.0%	13.9%
Healthcare	6.9%	3.9%
Industrials	4.9%	2.8%
Financial Services	4.8%	0.3%
Consumer Defensive	2.5%	6.0%
Utilities	1.0%	1.1%
Real Estate	0.4%	0.2%
Energy	0.4%	0.3%
Basic Materials	0.3%	0.9%

Return for Risk

VONG vs. JEPQ — Risk / Return Rank

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

VONG

VONG Risk / Return Rank: 23
VONG Sharpe Ratio Rank: 24
VONG Sortino Ratio Rank: 23
VONG Omega Ratio Rank: 23
VONG Calmar Ratio Rank: 20
VONG Martin Ratio Rank: 23

JEPQ

JEPQ Risk / Return Rank: 60
JEPQ Sharpe Ratio Rank: 56
JEPQ Sortino Ratio Rank: 52
JEPQ Omega Ratio Rank: 63
JEPQ Calmar Ratio Rank: 57
JEPQ Martin Ratio Rank: 72

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.

VONG vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) 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.

	VONG	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.69	-0.84
Sortino ratio: Return per unit of downside risk	1.24	2.28	-1.04
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.18
Calmar ratio: Return relative to maximum drawdown	0.85	2.52	-1.67
Martin ratio: Return relative to average drawdown	2.72	11.78	-9.06

VONG vs. JEPQ - Sharpe Ratio Comparison

The current VONG Sharpe Ratio is 0.85, which is lower than the JEPQ Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of VONG 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

VONG vs. JEPQ - Drawdown Comparison

The maximum VONG drawdown since its inception was -32.72%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for VONG and JEPQ.

Drawdown Indicators

	VONG	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.72%	-20.07%	-12.65%
Max Drawdown (1Y) Largest decline over 1 year	-16.23%	-8.82%	-7.41%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-20.07%	-3.20%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	—	—
Current Drawdown Current decline from peak	-7.73%	-3.19%	-4.54%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.39%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.04%	1.88%	+3.16%

Volatility

VONG vs. JEPQ - Volatility Comparison

Vanguard Russell 1000 Growth ETF (VONG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) have volatilities of 6.08% and 6.39%, 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

	VONG	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	6.39%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	10.60%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	13.11%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.45%	16.78%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	16.78%	+4.13%

VONG vs. JEPQ - Expense Ratio Comparison

VONG has a 0.06% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

VONG vs. JEPQ - Dividend Comparison

VONG's dividend yield for the trailing twelve months is around 0.48%, less than JEPQ's 10.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.30%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VONG Vanguard Russell 1000 Growth ETF	0.48%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both VONG and JEPQ in my portfolio?

VONG and JEPQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VONG or JEPQ?

JEPQ has higher volatility (6.39%) compared to VONG (6.08%). In terms of maximum drawdown, VONG dropped -32.72% vs JEPQ's -20.07%.

Which ETF is better, VONG or JEPQ?

On 3-year performance, VONG leads with 21.36% vs 19.41% for JEPQ. On fees, VONG is cheaper at 0.06% per year. On volatility, VONG has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VONG or JEPQ?

Over the 3-year period, VONG has performed better with a 21.36% return vs 19.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VONG or JEPQ?

VONG is cheaper with a 0.06% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.30%, compared with 0.48% for VONG.

What is the main difference between VONG and JEPQ?

VONG is categorized as Large Cap Growth Equities, while JEPQ is Nasdaq-100. VONG tracks Russell 1000 Growth Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.06% for VONG and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (1.69 vs 0.85), 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.