AAPY.L vs. JEIP.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) are both Derivative Income funds. Both are actively managed. Over the past year, AAPY.L returned 17.30% vs 8.28% for JEIP.L. At a 0.28 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.35%/yr for JEIP.L.
Performance
AAPY.L vs. JEIP.L - Performance Comparison
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Different Trading Currencies
AAPY.L is traded in USD, while JEIP.L is traded in GBp. To make them comparable, the JEIP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly higher than JEIP.L's -0.01% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEIP.L
- 1D
- 0.19%
- 1M
- -0.87%
- YTD
- -0.01%
- 6M
- 1.03%
- 1Y
- 8.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. JEIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -6.59% | 12.73% |
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | -0.01% | 8.47% | -2.28% |
Correlation
The correlation between AAPY.L and JEIP.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.28 |
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Return for Risk
AAPY.L vs. JEIP.L — Risk / Return Rank
AAPY.L
JEIP.L
AAPY.L vs. JEIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.L) and JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.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.
| AAPY.L | JEIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.30 | -0.38 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.17 | -1.81 |
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
| AAPY.L | JEIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.03 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.33 | -0.13 |
Drawdowns
AAPY.L vs. JEIP.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, which is greater than JEIP.L's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for AAPY.L and JEIP.L.
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Drawdown Indicators
| AAPY.L | JEIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -14.54% | -15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -6.32% | -12.54% |
Current DrawdownCurrent decline from peak | -4.43% | -4.33% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -2.47% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 1.98% | +5.44% |
Volatility
AAPY.L vs. JEIP.L - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.L) has a higher volatility of 4.71% compared to JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) at 1.89%. This indicates that AAPY.L's price experiences larger fluctuations and is considered to be riskier than JEIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY.L | JEIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 1.89% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 6.18% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 7.99% | +12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 11.39% | +12.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 11.39% | +12.95% |
AAPY.L vs. JEIP.L - Expense Ratio Comparison
AAPY.L has a 0.55% expense ratio, which is higher than JEIP.L's 0.35% expense ratio.
Dividends
AAPY.L vs. JEIP.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, more than JEIP.L's 8.32% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 11.15% | 10.77% | 1.08% |
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 8.32% | 7.18% | 0.61% |
Frequently Asked Questions
AAPY.L and JEIP.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEIP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEIP.L is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPY.L.
They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for AAPY.L and 0.35% for JEIP.L.
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