BBTP.L vs. JEPQ.L
BBTP.L (JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc)) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - BBTP.L is a Government Bonds fund tracking the J.P. Morgan Government Bond Index United States, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. BBTP.L is passively managed, while JEPQ.L is actively managed. Over the past year, BBTP.L returned 3.47% vs 21.29% for JEPQ.L. At a correlation of -0.03, they often move in opposite directions. BBTP.L charges 0.10%/yr vs 0.35%/yr for JEPQ.L.
Performance
BBTP.L vs. JEPQ.L - Performance Comparison
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Different Trading Currencies
BBTP.L is traded in GBP, while JEPQ.L is traded in USD. To make them comparable, the JEPQ.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BBTP.L achieves a -0.46% return, which is significantly lower than JEPQ.L's 8.44% return.
BBTP.L
- 1D
- 0.03%
- 1M
- -0.23%
- 6M
- -0.43%
- YTD
- -0.46%
- 1Y
- 3.47%
- 3Y*
- 2.50%
- 5Y*
- -1.35%
- 10Y*
- —
JEPQ.L
- 1D
- -1.54%
- 1M
- -1.53%
- 6M
- 8.22%
- YTD
- 8.44%
- 1Y
- 21.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBTP.L vs. JEPQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBTP.L JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) | -0.46% | 6.15% | -0.50% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 8.44% | 6.61% | 8.62% |
Correlation
The correlation between BBTP.L and JEPQ.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | -0.03 |
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Return for Risk
BBTP.L vs. JEPQ.L — Risk / Return Rank
BBTP.L
JEPQ.L
BBTP.L vs. JEPQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) (BBTP.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.
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.
| BBTP.L | JEPQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.82 | -2.73 |
| Martin ratioReturn relative to average drawdown | 2.96 | 12.01 | -9.05 |
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Drawdowns
BBTP.L vs. JEPQ.L - Drawdown Comparison
The maximum BBTP.L drawdown since its inception was -21.54%, roughly equal to the maximum JEPQ.L drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for BBTP.L and JEPQ.L.
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Drawdown Indicators
| BBTP.L | JEPQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.54% | -22.10% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -5.57% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | — | — |
Current DrawdownCurrent decline from peak | -10.51% | -3.80% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -9.98% | -4.54% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.77% | -0.60% |
Volatility
BBTP.L vs. JEPQ.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) (BBTP.L) is 1.00%, while JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) has a volatility of 5.07%. This indicates that BBTP.L experiences smaller price fluctuations and is considered to be less risky 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
| BBTP.L | JEPQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 5.07% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 10.37% | -7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 13.47% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 16.45% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 16.45% | -10.82% |
BBTP.L vs. JEPQ.L - Expense Ratio Comparison
BBTP.L has a 0.10% expense ratio, which is lower than JEPQ.L's 0.35% expense ratio.
Dividends
BBTP.L vs. JEPQ.L - Dividend Comparison
BBTP.L has not paid dividends to shareholders, while JEPQ.L's dividend yield for the trailing twelve months is around 10.11%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBTP.L JPM BetaBuilders US Treasury Bond UCITS ETF - GBP Hedged (acc) | 0.00% | 0.00% | 0.00% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.11% | 10.06% | 0.74% |
Frequently Asked Questions
BBTP.L and JEPQ.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBTP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBTP.L is cheaper with a 0.10% expense ratio, compared with 0.35% for JEPQ.L.
BBTP.L is categorized as Government Bonds, while JEPQ.L is Nasdaq-100. Their fees differ too: 0.10% for BBTP.L and 0.35% for JEPQ.L.
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