AAPI.L vs. JEGA.L
AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) and JEGA.L (JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc)) are both Derivative Income funds. Both are actively managed. Over the past year, AAPI.L returned 19.57% vs 2.28% for JEGA.L. At a 0.21 correlation, their price movements are largely independent. AAPI.L charges 0.55%/yr vs 0.35%/yr for JEGA.L.
Performance
AAPI.L vs. JEGA.L - Performance Comparison
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Different Trading Currencies
AAPI.L is traded in GBp, while JEGA.L is traded in USD. To make them comparable, the JEGA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPI.L achieves a 4.07% return, which is significantly higher than JEGA.L's -1.88% return.
AAPI.L
- 1D
- -0.34%
- 1M
- 9.04%
- YTD
- 4.07%
- 6M
- 1.51%
- 1Y
- 19.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEGA.L
- 1D
- 0.33%
- 1M
- 0.63%
- YTD
- -1.88%
- 6M
- -1.48%
- 1Y
- 2.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPI.L vs. JEGA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 4.07% | -12.96% | 20.45% |
JEGA.L JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) | -1.91% | 4.41% | 3.70% |
Correlation
The correlation between AAPI.L and JEGA.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.21 |
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Return for Risk
AAPI.L vs. JEGA.L — Risk / Return Rank
AAPI.L
JEGA.L
AAPI.L vs. JEGA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) (JEGA.L). 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.
| AAPI.L | JEGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.26 | +0.77 |
| Martin ratioReturn relative to average drawdown | 2.36 | 0.74 | +1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPI.L | JEGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.26 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.51 | -0.28 |
Drawdowns
AAPI.L vs. JEGA.L - Drawdown Comparison
The maximum AAPI.L drawdown since its inception was -31.31%, which is greater than JEGA.L's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for AAPI.L and JEGA.L.
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Drawdown Indicators
| AAPI.L | JEGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -8.72% | -22.59% |
Max Drawdown (1Y)Largest decline over 1 year | -18.90% | -8.72% | -10.18% |
Current DrawdownCurrent decline from peak | -10.13% | -7.04% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -2.69% | -11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.29% | 3.05% | +5.24% |
Volatility
AAPI.L vs. JEGA.L - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) has a higher volatility of 4.51% compared to JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) (JEGA.L) at 2.71%. This indicates that AAPI.L's price experiences larger fluctuations and is considered to be riskier than JEGA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPI.L | JEGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 2.71% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 6.88% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 8.86% | +10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 9.64% | +14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 9.64% | +14.15% |
AAPI.L vs. JEGA.L - Expense Ratio Comparison
AAPI.L has a 0.55% expense ratio, which is higher than JEGA.L's 0.35% expense ratio.
Dividends
AAPI.L vs. JEGA.L - Dividend Comparison
AAPI.L's dividend yield for the trailing twelve months is around 11.05%, while JEGA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 11.05% | 11.04% | 1.04% |
JEGA.L JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPI.L and JEGA.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEGA.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEGA.L is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPI.L.
They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for AAPI.L and 0.35% for JEGA.L.
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