GLDE.L vs. JEIP.L

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Gold + Yield ETP GBP (GLDE.L) and JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L).

GLDE.L and JEIP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDE.L is an actively managed fund by Leverage Shares. It was launched on Jul 18, 2024. JEIP.L is an actively managed fund by JPMorgan. It was launched on Oct 29, 2024.

Performance

GLDE.L vs. JEIP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Gold + Yield ETP GBP (GLDE.L) and JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L). The values are adjusted to include any dividend payments, if applicable.

GLDE.L vs. JEIP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLDE.L IncomeShares Gold + Yield ETP GBP	2.76%	42.81%	-2.05%
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	1.11%	0.86%	0.59%

Returns By Period

In the year-to-date period, GLDE.L achieves a 2.76% return, which is significantly higher than JEIP.L's 1.11% return.

GLDE.L

• 1D: 0.40%
• 1M: -10.21%
• YTD: 2.76%
• 6M: 12.31%
• 1Y: 26.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEIP.L

• 1D: 0.20%
• 1M: -3.62%
• YTD: 1.11%
• 6M: 4.72%
• 1Y: 5.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDE.L vs. JEIP.L - Expense Ratio Comparison

Both GLDE.L and JEIP.L have an expense ratio of 0.35%.

GLDE.L

IncomeShares Gold + Yield ETP GBP

JEIP.L

JPM US Equity Premium Income Active UCITS ETF USD Dist

Return for Risk

GLDE.L vs. JEIP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDE.L

GLDE.L Risk / Return Rank: 60
GLDE.L Sharpe Ratio Rank: 63
GLDE.L Sortino Ratio Rank: 56
GLDE.L Omega Ratio Rank: 63
GLDE.L Calmar Ratio Rank: 57
GLDE.L Martin Ratio Rank: 59

JEIP.L

JEIP.L Risk / Return Rank: 26
JEIP.L Sharpe Ratio Rank: 23
JEIP.L Sortino Ratio Rank: 22
JEIP.L Omega Ratio Rank: 22
JEIP.L Calmar Ratio Rank: 33
JEIP.L Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDE.L vs. JEIP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold + Yield ETP GBP (GLDE.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.

	GLDE.L	JEIP.L	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.43	+0.75
Sortino ratio Return per unit of downside risk	1.52	0.65	+0.87
Omega ratio Gain probability vs. loss probability	1.24	1.09	+0.15
Calmar ratio Return relative to maximum drawdown	1.61	0.86	+0.75
Martin ratio Return relative to average drawdown	6.35	3.01	+3.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDE.L vs. JEIP.L - Sharpe Ratio Comparison

The current GLDE.L Sharpe Ratio is 1.18, which is higher than the JEIP.L Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of GLDE.L and JEIP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLDE.L	JEIP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.43	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.16	+1.46

Correlation

The correlation between GLDE.L and JEIP.L is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLDE.L vs. JEIP.L - Dividend Comparison

GLDE.L's dividend yield for the trailing twelve months is around 4.70%, less than JEIP.L's 7.50% yield.

	TTM	2025	2024
GLDE.L IncomeShares Gold + Yield ETP GBP	4.70%	4.82%	0.38%
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	7.50%	7.18%	0.61%

Drawdowns

GLDE.L vs. JEIP.L - Drawdown Comparison

The maximum GLDE.L drawdown since its inception was -16.63%, which is greater than JEIP.L's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for GLDE.L and JEIP.L.

Drawdown Indicators

	GLDE.L	JEIP.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-15.73%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-16.63%	-9.08%	-7.55%
Current Drawdown Current decline from peak	-10.21%	-3.62%	-6.59%
Average Drawdown Average peak-to-trough decline	-2.34%	-5.40%	+3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	1.82%	+2.39%

Volatility

GLDE.L vs. JEIP.L - Volatility Comparison

IncomeShares Gold + Yield ETP GBP (GLDE.L) has a higher volatility of 10.57% compared to JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) at 3.17%. This indicates that GLDE.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.

Volatility by Period

	GLDE.L	JEIP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	3.17%	+7.40%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	6.44%	+12.50%
Volatility (1Y) Calculated over the trailing 1-year period	22.01%	11.87%	+10.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	11.55%	+7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	11.55%	+7.21%