JEGP.L vs. QYLP.L
JEGP.L (JPM Global Equity Premium Income Active UCITS ETF - USD Dist) and QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) are both exchange-traded funds - JEGP.L is a Global Equity Income fund actively managed by JPMorgan, while QYLP.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite Index. JEGP.L is actively managed, while QYLP.L is passively managed. Over the past year, JEGP.L returned 2.35% vs 17.92% for QYLP.L. At a 0.28 correlation, their price movements are largely independent. JEGP.L charges 0.35%/yr vs 0.45%/yr for QYLP.L.
Performance
JEGP.L vs. QYLP.L - Performance Comparison
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Different Trading Currencies
JEGP.L is traded in GBp, while QYLP.L is traded in GBP. To make them comparable, the QYLP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEGP.L achieves a -1.87% return, which is significantly lower than QYLP.L's 4.67% return.
JEGP.L
- 1D
- 0.49%
- 1M
- 0.98%
- YTD
- -1.87%
- 6M
- -1.08%
- 1Y
- 2.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLP.L
- 1D
- -0.91%
- 1M
- 2.04%
- YTD
- 4.67%
- 6M
- 5.64%
- 1Y
- 17.92%
- 3Y*
- 6.77%
- 5Y*
- —
- 10Y*
- —
JEGP.L vs. QYLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JEGP.L JPM Global Equity Premium Income Active UCITS ETF - USD Dist | -1.87% | 4.70% | 9.52% | 0.47% |
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 4.67% | -4.48% | 21.40% | 2.00% |
Correlation
The correlation between JEGP.L and QYLP.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023 | 0.28 |
The correlation between JEGP.L and QYLP.L shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JEGP.L vs. QYLP.L — Risk / Return Rank
JEGP.L
QYLP.L
JEGP.L vs. QYLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global Equity Premium Income Active UCITS ETF - USD Dist (JEGP.L) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.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.
| JEGP.L | QYLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.38 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 4.76 | -4.50 |
| Martin ratioReturn relative to average drawdown | 0.75 | 14.09 | -13.35 |
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
| JEGP.L | QYLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.09 | -1.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.24 | +0.30 |
Drawdowns
JEGP.L vs. QYLP.L - Drawdown Comparison
The maximum JEGP.L drawdown since its inception was -9.25%, smaller than the maximum QYLP.L drawdown of -22.40%. Use the drawdown chart below to compare losses from any high point for JEGP.L and QYLP.L.
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Drawdown Indicators
| JEGP.L | QYLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -22.40% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -3.75% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.40% | — |
Current DrawdownCurrent decline from peak | -7.31% | -4.65% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -8.64% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.27% | +1.87% |
Volatility
JEGP.L vs. QYLP.L - Volatility Comparison
JPM Global Equity Premium Income Active UCITS ETF - USD Dist (JEGP.L) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) have volatilities of 2.79% and 2.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEGP.L | QYLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.76% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 6.58% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.46% | 8.55% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.29% | 15.11% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 15.11% | -5.82% |
JEGP.L vs. QYLP.L - Expense Ratio Comparison
JEGP.L has a 0.35% expense ratio, which is lower than QYLP.L's 0.45% expense ratio.
Dividends
JEGP.L vs. QYLP.L - Dividend Comparison
JEGP.L's dividend yield for the trailing twelve months is around 8.82%, more than QYLP.L's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEGP.L JPM Global Equity Premium Income Active UCITS ETF - USD Dist | 8.82% | 8.01% | 6.39% | 0.00% |
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 7.74% | 8.93% | 8.31% | 9.56% |
Frequently Asked Questions
JEGP.L and QYLP.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEGP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEGP.L is cheaper with a 0.35% expense ratio, compared with 0.45% for QYLP.L.
JEGP.L is categorized as Global Equity Income, while QYLP.L is Nasdaq-100. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.35% for JEGP.L and 0.45% for QYLP.L.
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