ISEM.L vs. JEPE.L

Last updated Jun 4, 2026

ISEM.L (IncomeShares Semiconductors Leaders ETP) and JEPE.L (JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)) are both Derivative Income funds. ISEM.L is passively managed, while JEPE.L is actively managed. At a 0.43 correlation, their price movements are largely independent. ISEM.L charges 0.45%/yr vs 0.35%/yr for JEPE.L.

Performance

ISEM.L vs. JEPE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Semiconductors Leaders ETP (ISEM.L) and JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ISEM.L is traded in GBp, while JEPE.L is traded in EUR. To make them comparable, the JEPE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

ISEM.L

• 1D: 2.92%
• 1M: 29.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPE.L

• 1D: -0.27%
• 1M: 2.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISEM.L vs. JEPE.L - Yearly Performance Comparison

	2026 (YTD)
ISEM.L IncomeShares Semiconductors Leaders ETP	57.70%
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	8.01%

Correlation

The correlation between ISEM.L and JEPE.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.43

Return for Risk

ISEM.L vs. JEPE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Semiconductors Leaders ETP (ISEM.L) and JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ISEM.L	JEPE.L	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	31.14	-0.24	+31.38

Drawdowns

ISEM.L vs. JEPE.L - Drawdown Comparison

The maximum ISEM.L drawdown since its inception was -6.35%, smaller than the maximum JEPE.L drawdown of -9.52%. Use the drawdown chart below to compare losses from any high point for ISEM.L and JEPE.L.

Drawdown Indicators

	ISEM.L	JEPE.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-9.52%	+3.17%
Current Drawdown Current decline from peak	0.00%	-1.26%	+1.26%
Average Drawdown Average peak-to-trough decline	-0.96%	-3.93%	+2.97%

Volatility

Volatility by Period

	ISEM.L	JEPE.L	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.89%	15.35%	+25.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.89%	15.35%	+25.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.89%	15.35%	+25.54%

ISEM.L vs. JEPE.L - Expense Ratio Comparison

ISEM.L has a 0.45% expense ratio, which is higher than JEPE.L's 0.35% expense ratio.

Dividends

ISEM.L vs. JEPE.L - Dividend Comparison

ISEM.L's dividend yield for the trailing twelve months is around 13.84%, more than JEPE.L's 2.30% yield.

Position	TTM
ISEM.L IncomeShares Semiconductors Leaders ETP	13.84%
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	2.30%

Frequently Asked Questions

Can I hold both ISEM.L and JEPE.L in my portfolio?

ISEM.L and JEPE.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISEM.L or JEPE.L?

On fees, JEPE.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISEM.L or JEPE.L?

JEPE.L is cheaper with a 0.35% expense ratio, compared with 0.45% for ISEM.L.

What is the main difference between ISEM.L and JEPE.L?

They also come from different issuers: IncomeShares and JPMorgan. Their fees differ too: 0.45% for ISEM.L and 0.35% for JEPE.L.