ERNS.L vs. JEPQ
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - ERNS.L is a Ultrashort Bond fund actively managed by iShares, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. ERNS.L is actively managed, while JEPQ is passively managed. Over the past 3 years, ERNS.L returned 5.03%/yr vs 17.69%/yr for JEPQ. At a correlation of -0.02, they often move in opposite directions. ERNS.L charges 0.09%/yr vs 0.35%/yr for JEPQ.
Performance
ERNS.L vs. JEPQ - Performance Comparison
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Different Trading Currencies
ERNS.L is traded in GBP, while JEPQ is traded in USD. To make them comparable, the JEPQ values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERNS.L achieves a 1.58% return, which is significantly lower than JEPQ's 8.48% return.
ERNS.L
- 1D
- -0.02%
- 1M
- 0.40%
- YTD
- 1.58%
- 6M
- 2.02%
- 1Y
- 4.40%
- 3Y*
- 5.03%
- 5Y*
- 3.63%
- 10Y*
- 2.20%
JEPQ
- 1D
- 1.21%
- 1M
- 3.15%
- YTD
- 8.48%
- 6M
- 7.08%
- 1Y
- 27.57%
- 3Y*
- 17.69%
- 5Y*
- —
- 10Y*
- —
ERNS.L vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.55% | 4.76% | 1.52% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 8.48% | 6.97% | 27.03% | 29.47% | -7.22% |
Correlation
The correlation between ERNS.L and JEPQ is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | -0.02 |
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Return for Risk
ERNS.L vs. JEPQ — Risk / Return Rank
ERNS.L
JEPQ
ERNS.L vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.
| ERNS.L | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +7.17 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.45 | +0.98 |
| Calmar ratioReturn relative to maximum drawdown | 20.17 | 4.58 | +15.58 |
| Martin ratioReturn relative to average drawdown | 113.36 | 18.37 | +94.99 |
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
| ERNS.L | JEPQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.44 | 2.33 | +3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 0.91 | +1.33 |
Drawdowns
ERNS.L vs. JEPQ - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum JEPQ drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for ERNS.L and JEPQ.
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Drawdown Indicators
| ERNS.L | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -22.33% | +20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -6.04% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -22.33% | +22.11% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.37% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -4.07% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.51% | -1.47% |
Volatility
ERNS.L vs. JEPQ - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.34%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.33%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNS.L | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 3.33% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 8.72% | -8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 11.92% | -11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 15.96% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 15.96% | -15.04% |
ERNS.L vs. JEPQ - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Dividends
ERNS.L vs. JEPQ - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 5.65%, less than JEPQ's 10.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.26% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERNS.L and JEPQ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.35% for JEPQ.
ERNS.L is categorized as Ultrashort Bond, while JEPQ is Nasdaq-100. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for ERNS.L and 0.35% for JEPQ.
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