AAPY.L vs. JEPQ.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - AAPY.L is a Derivative Income fund actively managed by Leverage Shares, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, AAPY.L returned 17.30% vs 28.73% for JEPQ.L. At a 0.39 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.35%/yr for JEPQ.L.
Performance
AAPY.L vs. JEPQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly lower than JEPQ.L's 8.75% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ.L
- 1D
- -0.84%
- 1M
- 3.01%
- YTD
- 8.75%
- 6M
- 9.37%
- 1Y
- 28.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. JEPQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -6.59% | 12.73% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 8.75% | 14.77% | 2.89% |
Correlation
The correlation between AAPY.L and JEPQ.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.39 |
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Return for Risk
AAPY.L vs. JEPQ.L — Risk / Return Rank
AAPY.L
JEPQ.L
AAPY.L vs. JEPQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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 | JEPQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.47 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 3.48 | -2.55 |
| Martin ratioReturn relative to average drawdown | 2.36 | 15.39 | -13.03 |
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 | JEPQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.41 | -1.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.08 | -0.88 |
Drawdowns
AAPY.L vs. JEPQ.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, which is greater than JEPQ.L's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for AAPY.L and JEPQ.L.
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Drawdown Indicators
| AAPY.L | JEPQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -20.10% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -8.28% | -10.58% |
Current DrawdownCurrent decline from peak | -4.43% | -0.84% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -2.77% | -8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 1.87% | +5.55% |
Volatility
AAPY.L vs. JEPQ.L - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.L) has a higher volatility of 4.71% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 1.99%. This indicates that AAPY.L's price experiences larger fluctuations and is considered to be riskier than JEPQ.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 | JEPQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 1.99% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 8.97% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 11.95% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 15.99% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 15.99% | +8.35% |
AAPY.L vs. JEPQ.L - Expense Ratio Comparison
AAPY.L has a 0.55% expense ratio, which is higher than JEPQ.L's 0.35% expense ratio.
Dividends
AAPY.L vs. JEPQ.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, more than JEPQ.L's 10.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 11.15% | 10.77% | 1.08% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.20% | 10.06% | 0.74% |
Frequently Asked Questions
AAPY.L and JEPQ.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ.L is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPY.L.
AAPY.L is categorized as Derivative Income, while JEPQ.L is Nasdaq-100. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for AAPY.L and 0.35% for JEPQ.L.
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