AAPY.DE vs. JEQA.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and JEQA.DE (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc)) are both exchange-traded funds - AAPY.DE is a Derivative Income fund actively managed by Leverage Shares, while JEQA.DE is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, AAPY.DE returned 15.96% vs 26.62% for JEQA.DE. At a 0.41 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.35%/yr for JEQA.DE.
Performance
AAPY.DE vs. JEQA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAPY.DE achieves a 4.64% return, which is significantly lower than JEQA.DE's 9.86% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 9.66%
- YTD
- 4.64%
- 6M
- 1.71%
- 1Y
- 15.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEQA.DE
- 1D
- -0.39%
- 1M
- 4.42%
- YTD
- 9.86%
- 6M
- 10.20%
- 1Y
- 26.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. JEQA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
JEQA.DE JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) | 9.86% | 1.90% | 4.89% |
Correlation
The correlation between AAPY.DE and JEQA.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAPY.DE vs. JEQA.DE — Risk / Return Rank
AAPY.DE
JEQA.DE
AAPY.DE vs. JEQA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) (JEQA.DE). 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.
| AAPY.DE | JEQA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.62 | -4.06 |
| Martin ratioReturn relative to average drawdown | 1.11 | 16.56 | -15.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AAPY.DE | JEQA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 2.24 | -1.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.67 | -0.70 |
Drawdowns
AAPY.DE vs. JEQA.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, which is greater than JEQA.DE's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and JEQA.DE.
Loading charts...
Drawdown Indicators
| AAPY.DE | JEQA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -24.26% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -5.73% | -22.74% |
Current DrawdownCurrent decline from peak | -13.75% | -0.39% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -5.85% | -12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 1.60% | +12.71% |
Volatility
AAPY.DE vs. JEQA.DE - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.DE) has a higher volatility of 4.78% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) (JEQA.DE) at 1.37%. This indicates that AAPY.DE's price experiences larger fluctuations and is considered to be riskier than JEQA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPY.DE | JEQA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 1.37% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 8.09% | +10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 11.82% | +20.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 16.42% | +15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 16.42% | +15.83% |
AAPY.DE vs. JEQA.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is higher than JEQA.DE's 0.35% expense ratio.
Dividends
AAPY.DE vs. JEQA.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, while JEQA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
JEQA.DE JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) | 0.00% | 0.00% |
Frequently Asked Questions
AAPY.DE and JEQA.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEQA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEQA.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPY.DE.
AAPY.DE is categorized as Derivative Income, while JEQA.DE is Nasdaq-100. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for AAPY.DE and 0.35% for JEQA.DE.
Find the right allocation for AAPY.DE and JEQA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer