VWRL.L vs. JEPQ

Last updated Jun 9, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, VWRL.L returned 17.75%/yr vs 17.69%/yr for JEPQ. A 0.55 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.19%/yr vs 0.35%/yr for JEPQ.

Performance

VWRL.L vs. JEPQ - Performance Comparison

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

Different Trading Currencies

VWRL.L is traded in GBP, while JEPQ is traded in USD. To make them comparable, the JEPQ values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VWRL.L achieves a 10.38% return, which is significantly higher than JEPQ's 8.48% return.

VWRL.L

• 1D: -0.21%
• 1M: 2.33%
• YTD: 10.38%
• 6M: 10.56%
• 1Y: 27.51%
• 3Y*: 17.75%
• 5Y*: 12.03%
• 10Y*: 13.37%

JEPQ

• 1D: 1.21%
• 1M: 3.15%
• YTD: 8.48%
• 6M: 7.08%
• 1Y: 27.57%
• 3Y*: 17.69%
• 5Y*: —
• 10Y*: —

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

VWRL.L vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	10.38%	13.99%	19.60%	15.61%	-2.31%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	8.48%	6.97%	27.03%	29.47%	-9.03%

Correlation

The correlation between VWRL.L and JEPQ is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.55

The correlation between VWRL.L and JEPQ has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.

VWRL.L vs. JEPQ - Sectors Allocation Comparison

Sectors	VWRL.L	JEPQ
Technology	29.5%	54.0%
Financial Services	16.2%	0.4%
Industrials	10.4%	3.1%
Consumer Cyclical	9.2%	12.8%
Communication Services	8.7%	15.4%
Healthcare	8.0%	4.4%
Consumer Defensive	5.0%	7.1%
Energy	4.2%	0.4%
Basic Materials	3.8%	1.0%
Utilities	2.9%	1.3%
Real Estate	1.8%	0.2%

Return for Risk

VWRL.L vs. JEPQ — Risk / Return Rank

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

VWRL.L

VWRL.L Risk / Return Rank: 86
VWRL.L Sharpe Ratio Rank: 88
VWRL.L Sortino Ratio Rank: 88
VWRL.L Omega Ratio Rank: 88
VWRL.L Calmar Ratio Rank: 81
VWRL.L Martin Ratio Rank: 84

JEPQ

JEPQ Risk / Return Rank: 73
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) 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.

	VWRL.L	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.33	+0.30
Sortino ratio: Return per unit of downside risk	3.64	2.98	+0.66
Omega ratio: Gain probability vs. loss probability	1.50	1.45	+0.05
Calmar ratio: Return relative to maximum drawdown	3.87	4.58	-0.72
Martin ratio: Return relative to average drawdown	15.69	18.37	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRL.L vs. JEPQ - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.63, which is comparable to the JEPQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VWRL.L 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.

Sharpe Ratios by Period

	VWRL.L	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.33	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.91	+0.02

Drawdowns

VWRL.L vs. JEPQ - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.99%, which is greater than JEPQ's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for VWRL.L and JEPQ.

Drawdown Indicators

	VWRL.L	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.99%	-22.33%	-2.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-6.04%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.47%	-22.33%	+4.86%
Max Drawdown (5Y) Largest decline over 5 years	-17.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.99%	—	—
Current Drawdown Current decline from peak	-1.81%	-1.37%	-0.44%
Average Drawdown Average peak-to-trough decline	-3.32%	-4.07%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.51%	+0.24%

Volatility

VWRL.L vs. JEPQ - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) is 2.99%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.33%. This indicates that VWRL.L 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

	VWRL.L	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	3.33%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	8.72%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	11.92%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	15.96%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	15.96%	-1.71%

VWRL.L vs. JEPQ - Expense Ratio Comparison

VWRL.L has a 0.19% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

VWRL.L vs. JEPQ - Dividend Comparison

VWRL.L's dividend yield for the trailing twelve months is around 1.26%, less than JEPQ's 10.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.26%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	1.26%	1.39%	1.49%	1.72%	2.03%	1.45%	1.58%	1.95%	2.22%	1.90%	1.95%	2.00%

Frequently Asked Questions

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

VWRL.L and JEPQ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VWRL.L or JEPQ?

On fees, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRL.L or JEPQ?

VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.35% for JEPQ.

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

VWRL.L is categorized as Global Equities, while JEPQ is Nasdaq-100. VWRL.L tracks FTSE All-World Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.19% for VWRL.L and 0.35% for JEPQ.