AAPI.L vs. JEQP.L
AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) and JEQP.L (JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP) are both exchange-traded funds - AAPI.L is a Derivative Income fund actively managed by Leverage Shares, while JEQP.L is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, AAPI.L returned 19.57% vs 29.63% for JEQP.L. At a 0.40 correlation, their price movements are largely independent. AAPI.L charges 0.55%/yr vs 0.35%/yr for JEQP.L.
Performance
AAPI.L vs. JEQP.L - Performance Comparison
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Returns By Period
In the year-to-date period, AAPI.L achieves a 4.07% return, which is significantly lower than JEQP.L's 8.97% return.
AAPI.L
- 1D
- -0.34%
- 1M
- 9.04%
- YTD
- 4.07%
- 6M
- 1.51%
- 1Y
- 19.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEQP.L
- 1D
- -0.35%
- 1M
- 4.24%
- YTD
- 8.97%
- 6M
- 8.46%
- 1Y
- 29.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPI.L vs. JEQP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 4.07% | -12.96% | 15.83% |
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 8.97% | 6.58% | 5.67% |
Correlation
The correlation between AAPI.L and JEQP.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.40 |
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Return for Risk
AAPI.L vs. JEQP.L — Risk / Return Rank
AAPI.L
JEQP.L
AAPI.L vs. JEQP.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 JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.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 | JEQP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.50 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 5.23 | -4.20 |
| Martin ratioReturn relative to average drawdown | 2.36 | 19.59 | -17.24 |
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 | JEQP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.63 | -1.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.94 | -0.71 |
Drawdowns
AAPI.L vs. JEQP.L - Drawdown Comparison
The maximum AAPI.L drawdown since its inception was -31.31%, which is greater than JEQP.L's maximum drawdown of -22.00%. Use the drawdown chart below to compare losses from any high point for AAPI.L and JEQP.L.
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Drawdown Indicators
| AAPI.L | JEQP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -22.00% | -9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.90% | -5.64% | -13.26% |
Current DrawdownCurrent decline from peak | -10.13% | -0.35% | -9.78% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -4.92% | -9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.29% | 1.51% | +6.78% |
Volatility
AAPI.L vs. JEQP.L - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) has a higher volatility of 4.51% compared to JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) at 1.57%. This indicates that AAPI.L's price experiences larger fluctuations and is considered to be riskier than JEQP.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 | JEQP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 1.57% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 7.83% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 11.20% | +8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 14.88% | +8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 14.88% | +8.91% |
AAPI.L vs. JEQP.L - Expense Ratio Comparison
AAPI.L has a 0.55% expense ratio, which is higher than JEQP.L's 0.35% expense ratio.
Dividends
AAPI.L vs. JEQP.L - Dividend Comparison
AAPI.L's dividend yield for the trailing twelve months is around 11.05%, more than JEQP.L's 10.21% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 11.05% | 11.04% | 1.04% |
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 10.21% | 10.04% | 0.73% |
Frequently Asked Questions
AAPI.L and JEQP.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEQP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEQP.L is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPI.L.
AAPI.L is categorized as Derivative Income, while JEQP.L is Nasdaq-100. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for AAPI.L and 0.35% for JEQP.L.
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