JEGA.L vs. XYLP.L
JEGA.L (JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc)) and XYLP.L (Global X S&P 500 Covered Call UCITS ETF) are both Derivative Income funds. JEGA.L is actively managed, while XYLP.L is passively managed. Over the past year, JEGA.L returned 6.69% vs 14.40% for XYLP.L. Their 0.16 correlation means their historical movements had little consistent relationship. JEGA.L charges 0.35%/yr vs 0.45%/yr for XYLP.L.
Performance
JEGA.L vs. XYLP.L - Performance Comparison
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Different Trading Currencies
JEGA.L is traded in USD, while XYLP.L is traded in GBP. To make them comparable, the XYLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEGA.L achieves a 1.26% return, which is significantly lower than XYLP.L's 6.74% return.
JEGA.L
- 1D
- 0.00%
- 1M
- 2.97%
- 6M
- 0.09%
- YTD
- 1.26%
- 1Y
- 6.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.90%
XYLP.L
- 1D
- 0.00%
- 1M
- 2.10%
- 6M
- 4.92%
- YTD
- 6.74%
- 1Y
- 14.40%
- 3Y*
- 9.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.78K | $174.21K | $183.86K | |
| $222.25K | $225.59K | $221.38K |
JEGA.L vs. XYLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JEGA.L JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) | 1.26% | 12.42% | 7.86% | 2.17% |
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 6.74% | 6.27% | 17.05% | 1.87% |
Correlation
The correlation between JEGA.L and XYLP.L is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023 | 0.16 |
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Return for Risk
JEGA.L vs. XYLP.L — Risk / Return Rank
JEGA.L
XYLP.L
JEGA.L vs. XYLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) (JEGA.L) and Global X S&P 500 Covered Call UCITS ETF (XYLP.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.
| JEGA.L | XYLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.31 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.63 | -1.81 |
| Martin ratioReturn relative to average drawdown | 1.68 | 11.42 | -9.75 |
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Drawdowns
JEGA.L vs. XYLP.L - Drawdown Comparison
The maximum JEGA.L drawdown since its inception was -8.25%, smaller than the maximum XYLP.L drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for JEGA.L and XYLP.L.
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Drawdown Indicators
| JEGA.L | XYLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.25% | -27.20% | +18.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -5.51% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -4.13% | -0.80% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -12.93% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 1.26% | +2.73% |
Volatility
JEGA.L vs. XYLP.L - Volatility Comparison
JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) (JEGA.L) has a higher volatility of 2.87% compared to Global X S&P 500 Covered Call UCITS ETF (XYLP.L) at 2.28%. This indicates that JEGA.L's price experiences larger fluctuations and is considered to be riskier than XYLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEGA.L | XYLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.28% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 6.80% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.24% | 8.30% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.38% | 16.47% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 16.47% | -7.09% |
JEGA.L vs. XYLP.L - Expense Ratio Comparison
JEGA.L has a 0.35% expense ratio, which is lower than XYLP.L's 0.45% expense ratio.
Dividends
JEGA.L vs. XYLP.L - Dividend Comparison
JEGA.L has not paid dividends to shareholders, while XYLP.L's dividend yield for the trailing twelve months is around 8.31%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEGA.L JPMorgan Global Equity Premium Income Active UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 8.31% | 9.01% | 6.22% | 3.98% |
Frequently Asked Questions
JEGA.L and XYLP.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEGA.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEGA.L is cheaper with a 0.35% expense ratio, compared with 0.45% for XYLP.L.
They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.35% for JEGA.L and 0.45% for XYLP.L.
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