JEIP.DE vs. JREZ.DE

Last updated Jun 25, 2026

JEIP.DE (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) and JREZ.DE (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - JEIP.DE is a Derivative Income fund actively managed by JPMorgan, while JREZ.DE is a Europe Equities fund tracking the JP Morgan Eurozone Research Enhanced Index Equity (ESG). JEIP.DE is actively managed, while JREZ.DE is passively managed. Over the past year, JEIP.DE returned 9.25% vs 23.04% for JREZ.DE. At a 0.34 correlation, their price movements are largely independent. JEIP.DE charges 0.35%/yr vs 0.25%/yr for JREZ.DE.

Performance

JEIP.DE vs. JREZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEIP.DE) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEIP.DE achieves a 2.91% return, which is significantly lower than JREZ.DE's 11.55% return.

JEIP.DE

• 1D: 0.00%
• 1M: 0.91%
• YTD: 2.91%
• 6M: 3.45%
• 1Y: 9.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JREZ.DE

• 1D: -0.24%
• 1M: 1.83%
• YTD: 11.55%
• 6M: 12.41%
• 1Y: 23.04%
• 3Y*: 16.82%
• 5Y*: —
• 10Y*: —

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

JEIP.DE vs. JREZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEIP.DE JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)	2.91%	-4.10%	-3.58%
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	11.55%	24.00%	-0.24%

Correlation

The correlation between JEIP.DE and JREZ.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.34

Return for Risk

JEIP.DE vs. JREZ.DE — Risk / Return Rank

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

JEIP.DE

JEIP.DE Risk / Return Rank: 36
JEIP.DE Sharpe Ratio Rank: 35
JEIP.DE Sortino Ratio Rank: 34
JEIP.DE Omega Ratio Rank: 33
JEIP.DE Calmar Ratio Rank: 43
JEIP.DE Martin Ratio Rank: 36

JREZ.DE

JREZ.DE Risk / Return Rank: 52
JREZ.DE Sharpe Ratio Rank: 50
JREZ.DE Sortino Ratio Rank: 53
JREZ.DE Omega Ratio Rank: 51
JREZ.DE Calmar Ratio Rank: 52
JREZ.DE Martin Ratio Rank: 55

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.

JEIP.DE vs. JREZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEIP.DE) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE). 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.

	JEIP.DE	JREZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.53	-0.40
Sortino ratio: Return per unit of downside risk	1.65	2.26	-0.61
Omega ratio: Gain probability vs. loss probability	1.20	1.28	-0.08
Calmar ratio: Return relative to maximum drawdown	1.90	2.25	-0.35
Martin ratio: Return relative to average drawdown	4.94	8.31	-3.37

JEIP.DE vs. JREZ.DE - Sharpe Ratio Comparison

The current JEIP.DE Sharpe Ratio is 1.14, which is comparable to the JREZ.DE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of JEIP.DE and JREZ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEIP.DE vs. JREZ.DE - Drawdown Comparison

The maximum JEIP.DE drawdown since its inception was -19.56%, which is greater than JREZ.DE's maximum drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for JEIP.DE and JREZ.DE.

Drawdown Indicators

	JEIP.DE	JREZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-14.84%	-4.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.88%	-10.19%	+5.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.81%	—
Current Drawdown Current decline from peak	-5.60%	-1.40%	-4.20%
Average Drawdown Average peak-to-trough decline	-8.17%	-2.86%	-5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.77%	-0.89%

Volatility

JEIP.DE vs. JREZ.DE - Volatility Comparison

The current volatility for JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEIP.DE) is 2.14%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREZ.DE) has a volatility of 3.23%. This indicates that JEIP.DE experiences smaller price fluctuations and is considered to be less risky than JREZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEIP.DE	JREZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	3.23%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	5.74%	12.40%	-6.66%
Volatility (1Y) Calculated over the trailing 1-year period	8.18%	15.01%	-6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	15.39%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.96%	15.39%	-2.43%

JEIP.DE vs. JREZ.DE - Expense Ratio Comparison

JEIP.DE has a 0.35% expense ratio, which is higher than JREZ.DE's 0.25% expense ratio.

Dividends

JEIP.DE vs. JREZ.DE - Dividend Comparison

JEIP.DE's dividend yield for the trailing twelve months is around 7.01%, while JREZ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024
JEIP.DE JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)	7.01%	7.31%	0.62%
JREZ.DE JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEIP.DE and JREZ.DE in my portfolio?

JEIP.DE and JREZ.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEIP.DE or JREZ.DE?

On fees, JREZ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEIP.DE or JREZ.DE?

JREZ.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for JEIP.DE.

What is the main difference between JEIP.DE and JREZ.DE?

JEIP.DE is categorized as Derivative Income, while JREZ.DE is Europe Equities. Their fees differ too: 0.35% for JEIP.DE and 0.25% for JREZ.DE.