VTSAX vs. JEPQ

Last updated Jun 12, 2026

VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both funds - VTSAX is a Large Cap Blend Equities fund managed by Vanguard, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, VTSAX returned 20.33%/yr vs 19.70%/yr for JEPQ. Their correlation of 0.91 suggests significant overlap in exposure. VTSAX charges 0.04%/yr vs 0.35%/yr for JEPQ.

Performance

VTSAX vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VTSAX having a 7.10% return and JEPQ slightly higher at 7.18%.

VTSAX

• 1D: -1.61%
• 1M: -1.31%
• YTD: 7.10%
• 6M: 5.97%
• 1Y: 22.30%
• 3Y*: 20.33%
• 5Y*: 11.68%
• 10Y*: 14.63%

JEPQ

• 1D: 2.59%
• 1M: 0.64%
• YTD: 7.18%
• 6M: 6.64%
• 1Y: 25.03%
• 3Y*: 19.70%
• 5Y*: —
• 10Y*: —

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

VTSAX vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	7.10%	17.12%	23.23%	26.51%	-7.48%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.18%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between VTSAX 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	0.90
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.91

The correlation between VTSAX and JEPQ has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

VTSAX vs. JEPQ - Sectors Allocation Comparison

Sectors	VTSAX	JEPQ
Technology	33.3%	54.0%
Financial Services	11.9%	0.4%
Communication Services	10.1%	15.4%
Consumer Cyclical	9.8%	12.8%
Industrials	9.5%	3.1%
Healthcare	9.1%	4.4%
Consumer Defensive	4.7%	7.1%
Energy	3.8%	0.4%
Utilities	2.7%	1.3%
Real Estate	2.4%	0.2%
Basic Materials	2.0%	1.0%

Return for Risk

VTSAX vs. JEPQ — Risk / Return Rank

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

VTSAX

VTSAX Risk / Return Rank: 52
VTSAX Sharpe Ratio Rank: 48
VTSAX Sortino Ratio Rank: 45
VTSAX Omega Ratio Rank: 47
VTSAX Calmar Ratio Rank: 54
VTSAX Martin Ratio Rank: 68

JEPQ

JEPQ Risk / Return Rank: 76
JEPQ Sharpe Ratio Rank: 75
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 69
JEPQ Martin Ratio Rank: 83

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.

VTSAX vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) 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.

	VTSAX	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.00	-0.24
Sortino ratio: Return per unit of downside risk	2.40	2.65	-0.25
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	2.47	2.85	-0.38
Martin ratio: Return relative to average drawdown	11.16	13.59	-2.42

VTSAX vs. JEPQ - Sharpe Ratio Comparison

The current VTSAX Sharpe Ratio is 1.75, which is comparable to the JEPQ Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of VTSAX 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

VTSAX vs. JEPQ - Drawdown Comparison

The maximum VTSAX drawdown since its inception was -55.33%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for VTSAX and JEPQ.

Drawdown Indicators

	VTSAX	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-55.33%	-20.07%	-35.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-8.82%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.36%	-20.07%	+0.71%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.97%	—	—
Current Drawdown Current decline from peak	-4.35%	-2.25%	-2.10%
Average Drawdown Average peak-to-trough decline	-9.00%	-3.41%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.85%	+0.12%

Volatility

VTSAX vs. JEPQ - Volatility Comparison

The current volatility for Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is 4.18%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 4.96%. This indicates that VTSAX 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

	VTSAX	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.96%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	10.21%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	12.61%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	16.74%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	16.74%	+1.69%

VTSAX vs. JEPQ - Expense Ratio Comparison

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

Dividends

VTSAX vs. JEPQ - Dividend Comparison

VTSAX's dividend yield for the trailing twelve months is around 1.04%, less than JEPQ's 10.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.29%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares	1.04%	1.11%	1.26%	1.42%	1.65%	1.20%	1.41%	1.76%	2.03%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both VTSAX and JEPQ in my portfolio?

VTSAX 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, VTSAX or JEPQ?

JEPQ has higher volatility (4.96%) compared to VTSAX (4.18%). In terms of maximum drawdown, VTSAX dropped -55.33% vs JEPQ's -20.07%.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.00 vs 1.75), 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.