VXF vs. JEPQ

Last updated Jun 16, 2026

VXF (Vanguard Extended Market ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - VXF is a Mid Cap Blend Equities fund tracking the S&P Completion Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, VXF returned 19.15%/yr vs 20.72%/yr for JEPQ. A 0.76 correlation means they provide meaningful diversification when combined. VXF charges 0.05%/yr vs 0.35%/yr for JEPQ.

Performance

VXF vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Extended Market ETF (VXF) 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, VXF achieves a 15.76% return, which is significantly higher than JEPQ's 10.23% return.

VXF

• 1D: 1.22%
• 1M: 7.44%
• YTD: 15.76%
• 6M: 14.58%
• 1Y: 31.73%
• 3Y*: 19.15%
• 5Y*: 6.61%
• 10Y*: 12.46%

JEPQ

• 1D: 2.21%
• 1M: 3.31%
• YTD: 10.23%
• 6M: 11.56%
• 1Y: 29.39%
• 3Y*: 20.72%
• 5Y*: —
• 10Y*: —

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

VXF vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VXF Vanguard Extended Market ETF	15.76%	11.40%	16.89%	25.51%	-10.73%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.23%	15.18%	24.85%	36.28%	-11.16%

Correlation

The correlation between VXF and JEPQ is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.76

The correlation between VXF and JEPQ has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.

VXF vs. JEPQ - Sectors Allocation Comparison

Sectors	VXF	JEPQ
Technology	19.8%	58.9%
Industrials	19.3%	2.8%
Financial Services	14.6%	0.3%
Healthcare	13.3%	3.9%
Consumer Cyclical	9.7%	11.8%
Real Estate	6.0%	0.2%
Energy	5.1%	0.3%
Basic Materials	4.2%	0.9%
Communication Services	3.3%	13.9%
Consumer Defensive	2.7%	6.0%
Utilities	2.0%	1.1%

Return for Risk

VXF vs. JEPQ — Risk / Return Rank

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

VXF

VXF Risk / Return Rank: 61
VXF Sharpe Ratio Rank: 59
VXF Sortino Ratio Rank: 58
VXF Omega Ratio Rank: 55
VXF Calmar Ratio Rank: 68
VXF Martin Ratio Rank: 67

JEPQ

JEPQ Risk / Return Rank: 81
JEPQ Sharpe Ratio Rank: 81
JEPQ Sortino Ratio Rank: 77
JEPQ Omega Ratio Rank: 85
JEPQ Calmar Ratio Rank: 73
JEPQ Martin Ratio Rank: 86

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.

VXF vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market ETF (VXF) 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.

	VXF	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.31	-0.52
Sortino ratio: Return per unit of downside risk	2.48	3.06	-0.58
Omega ratio: Gain probability vs. loss probability	1.31	1.46	-0.15
Calmar ratio: Return relative to maximum drawdown	3.12	3.35	-0.23
Martin ratio: Return relative to average drawdown	10.99	15.94	-4.94

VXF vs. JEPQ - Sharpe Ratio Comparison

The current VXF Sharpe Ratio is 1.79, which is comparable to the JEPQ Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of VXF 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

VXF vs. JEPQ - Drawdown Comparison

The maximum VXF drawdown since its inception was -58.03%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for VXF and JEPQ.

Drawdown Indicators

	VXF	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-58.03%	-20.07%	-37.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-8.82%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-26.92%	-20.07%	-6.85%
Max Drawdown (5Y) Largest decline over 5 years	-36.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.72%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.54%	-3.41%	-6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.85%	+1.04%

Volatility

VXF vs. JEPQ - Volatility Comparison

Vanguard Extended Market ETF (VXF) has a higher volatility of 6.59% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.42%. This indicates that VXF'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.

Volatility by Period

	VXF	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	5.42%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	10.44%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	12.78%	+5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.43%	16.76%	+5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	16.76%	+5.58%

VXF vs. JEPQ - Expense Ratio Comparison

VXF has a 0.05% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

VXF vs. JEPQ - Dividend Comparison

VXF's dividend yield for the trailing twelve months is around 1.00%, less than JEPQ's 10.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.00%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VXF Vanguard Extended Market ETF	1.00%	1.14%	1.09%	1.27%	1.15%	1.13%	1.07%	1.30%	1.66%	1.25%	1.43%	1.35%

Frequently Asked Questions

Can I hold both VXF and JEPQ in my portfolio?

VXF and JEPQ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VXF or JEPQ?

VXF has higher volatility (6.59%) compared to JEPQ (5.42%). In terms of maximum drawdown, VXF dropped -58.03% vs JEPQ's -20.07%.

Which ETF is better, VXF or JEPQ?

On 3-year performance, JEPQ leads with 20.72% vs 19.15% for VXF. On fees, VXF is cheaper at 0.05% per year. On volatility, JEPQ has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VXF or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.72% return vs 19.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VXF or JEPQ?

VXF is cheaper with a 0.05% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.00%, compared with 1.00% for VXF.

What is the main difference between VXF and JEPQ?

VXF is categorized as Mid Cap Blend Equities, while JEPQ is Nasdaq-100. VXF tracks S&P Completion Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.05% for VXF and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.31 vs 1.79), 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.