AAPY.DE vs. JGPI.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and JGPI.DE (JPM Global Equity Premium Income Active UCITS ETF - USD (dist)) are both exchange-traded funds - AAPY.DE is a Derivative Income fund actively managed by Leverage Shares, while JGPI.DE is a Large Cap Blend Equities fund actively managed by JPMorgan. Both are actively managed. Over the past year, AAPY.DE returned 18.45% vs 4.10% for JGPI.DE. At a 0.21 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.35%/yr for JGPI.DE.
Performance
AAPY.DE vs. JGPI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY.DE achieves a 4.40% return, which is significantly higher than JGPI.DE's 1.25% return.
AAPY.DE
- 1D
- 0.00%
- 1M
- -0.22%
- YTD
- 4.40%
- 6M
- 5.09%
- 1Y
- 18.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGPI.DE
- 1D
- 0.00%
- 1M
- 1.05%
- YTD
- 1.25%
- 6M
- 1.38%
- 1Y
- 4.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. JGPI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.40% | -16.93% | 12.66% |
JGPI.DE JPM Global Equity Premium Income Active UCITS ETF - USD (dist) | 1.25% | -0.67% | -1.00% |
Correlation
The correlation between AAPY.DE and JGPI.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2024 | 0.21 |
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Return for Risk
AAPY.DE vs. JGPI.DE — Risk / Return Rank
AAPY.DE
JGPI.DE
AAPY.DE vs. JGPI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) and JPM Global Equity Premium Income Active UCITS ETF - USD (dist) (JGPI.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.
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.
| AAPY.DE | JGPI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.45 | +0.20 |
| Martin ratioReturn relative to average drawdown | 1.27 | 1.22 | +0.04 |
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Drawdowns
AAPY.DE vs. JGPI.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, which is greater than JGPI.DE's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and JGPI.DE.
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Drawdown Indicators
| AAPY.DE | JGPI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -12.12% | -21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -9.09% | -19.38% |
Current DrawdownCurrent decline from peak | -13.94% | -6.77% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -4.51% | -13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.55% | 3.34% | +11.21% |
Volatility
AAPY.DE vs. JGPI.DE - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.DE) has a higher volatility of 7.73% compared to JPM Global Equity Premium Income Active UCITS ETF - USD (dist) (JGPI.DE) at 3.47%. This indicates that AAPY.DE's price experiences larger fluctuations and is considered to be riskier than JGPI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY.DE | JGPI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 3.47% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 7.14% | +12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.71% | 10.08% | +22.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.45% | 10.32% | +22.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.45% | 10.32% | +22.13% |
AAPY.DE vs. JGPI.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is higher than JGPI.DE's 0.35% expense ratio.
Dividends
AAPY.DE vs. JGPI.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.10%, more than JGPI.DE's 8.12% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.10% | 11.36% | 0.00% |
JGPI.DE JPM Global Equity Premium Income Active UCITS ETF - USD (dist) | 8.12% | 8.08% | 6.27% |
Frequently Asked Questions
AAPY.DE and JGPI.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGPI.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGPI.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPY.DE.
AAPY.DE is categorized as Derivative Income, while JGPI.DE is Large Cap Blend Equities. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for AAPY.DE and 0.35% for JGPI.DE.
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