ISEM.L vs. JEPQ.L

Last updated Jun 5, 2026

ISEM.L (IncomeShares Semiconductors Leaders ETP) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - ISEM.L is a Derivative Income fund tracking the LS Semiconductors Leaders Income Strategy, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. ISEM.L is passively managed, while JEPQ.L is actively managed. At a 0.24 correlation, their price movements are largely independent. ISEM.L charges 0.45%/yr vs 0.35%/yr for JEPQ.L.

Performance

ISEM.L vs. JEPQ.L - Performance Comparison

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

Different Trading Currencies

ISEM.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

ISEM.L

• 1D: -1.88%
• 1M: 20.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ.L

• 1D: -0.87%
• 1M: 4.31%
• YTD: 9.16%
• 6M: 8.61%
• 1Y: 30.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
ISEM.L IncomeShares Semiconductors Leaders ETP	54.74%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	11.75%

Correlation

The correlation between ISEM.L and JEPQ.L is 0.24, 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	0.24

Return for Risk

ISEM.L vs. JEPQ.L — Risk / Return Rank

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

JEPQ.L

JEPQ.L Risk / Return Rank: 77
JEPQ.L Sharpe Ratio Rank: 75
JEPQ.L Sortino Ratio Rank: 78
JEPQ.L Omega Ratio Rank: 80
JEPQ.L Calmar Ratio Rank: 71
JEPQ.L Martin Ratio Rank: 80

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.

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

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Semiconductors Leaders ETP (ISEM.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.

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	JEPQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	25.95	0.89	+25.06

Drawdowns

ISEM.L vs. JEPQ.L - Drawdown Comparison

The maximum ISEM.L drawdown since its inception was -6.35%, smaller than the maximum JEPQ.L drawdown of -22.11%. Use the drawdown chart below to compare losses from any high point for ISEM.L and JEPQ.L.

Drawdown Indicators

	ISEM.L	JEPQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-22.11%	+15.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.57%	—
Current Drawdown Current decline from peak	-1.88%	-0.87%	-1.01%
Average Drawdown Average peak-to-trough decline	-0.98%	-4.77%	+3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.56%	—

Volatility

Volatility by Period

	ISEM.L	JEPQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.02%	12.29%	+28.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.02%	16.03%	+24.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.02%	16.03%	+24.99%

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

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

Dividends

ISEM.L vs. JEPQ.L - Dividend Comparison

ISEM.L's dividend yield for the trailing twelve months is around 14.10%, more than JEPQ.L's 10.20% yield.

Position	TTM	2025	2024
ISEM.L IncomeShares Semiconductors Leaders ETP	14.10%	0.00%	0.00%
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.20%	10.06%	0.74%

Frequently Asked Questions

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

ISEM.L and JEPQ.L have a correlation of 0.24, 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 JEPQ.L?

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.

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

JEPQ.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 JEPQ.L?

ISEM.L is categorized as Derivative Income, while JEPQ.L is Nasdaq-100. They also come from different issuers: IncomeShares and JPMorgan. Their fees differ too: 0.45% for ISEM.L and 0.35% for JEPQ.L.