JEIP.L vs. BB3M.L
JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) and BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) are both exchange-traded funds - JEIP.L is a Derivative Income fund actively managed by JPMorgan, while BB3M.L is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JEIP.L returned 9.32% vs 4.96% for BB3M.L. At a 0.46 correlation, their price movements are largely independent. JEIP.L charges 0.35%/yr vs 0.07%/yr for BB3M.L.
Performance
JEIP.L vs. BB3M.L - Performance Comparison
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Different Trading Currencies
JEIP.L is traded in GBp, while BB3M.L is traded in USD. To make them comparable, the BB3M.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEIP.L achieves a 0.23% return, which is significantly lower than BB3M.L's 1.89% return.
JEIP.L
- 1D
- 0.14%
- 1M
- -0.02%
- YTD
- 0.23%
- 6M
- 0.29%
- 1Y
- 9.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BB3M.L
- 1D
- 0.05%
- 1M
- 1.26%
- YTD
- 1.89%
- 6M
- 1.17%
- 1Y
- 4.96%
- 3Y*
- 2.06%
- 5Y*
- 4.58%
- 10Y*
- —
JEIP.L vs. BB3M.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 0.23% | 0.86% | 0.59% |
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 1.89% | -3.15% | 3.71% |
Correlation
The correlation between JEIP.L and BB3M.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.46 |
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Return for Risk
JEIP.L vs. BB3M.L — Risk / Return Rank
JEIP.L
BB3M.L
JEIP.L vs. BB3M.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) and JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.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.
| JEIP.L | BB3M.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.95 | +0.55 |
| Martin ratioReturn relative to average drawdown | 4.37 | 2.57 | +1.80 |
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
| JEIP.L | BB3M.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.75 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.51 | -0.42 |
Drawdowns
JEIP.L vs. BB3M.L - Drawdown Comparison
The maximum JEIP.L drawdown since its inception was -15.73%, roughly equal to the maximum BB3M.L drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for JEIP.L and BB3M.L.
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Drawdown Indicators
| JEIP.L | BB3M.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.73% | -15.92% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -5.16% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.92% | — |
Current DrawdownCurrent decline from peak | -4.46% | -6.09% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -6.72% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.93% | +0.20% |
Volatility
JEIP.L vs. BB3M.L - Volatility Comparison
JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) has a higher volatility of 2.64% compared to JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) at 1.73%. This indicates that JEIP.L's price experiences larger fluctuations and is considered to be riskier than BB3M.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEIP.L | BB3M.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.73% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 4.93% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.39% | 6.61% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.22% | 8.44% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.22% | 8.36% | +2.86% |
JEIP.L vs. BB3M.L - Expense Ratio Comparison
JEIP.L has a 0.35% expense ratio, which is higher than BB3M.L's 0.07% expense ratio.
Dividends
JEIP.L vs. BB3M.L - Dividend Comparison
JEIP.L's dividend yield for the trailing twelve months is around 8.32%, while BB3M.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 0.00% | 0.00% | 0.00% |
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 8.32% | 7.18% | 0.61% |
Frequently Asked Questions
JEIP.L and BB3M.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BB3M.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BB3M.L is cheaper with a 0.07% expense ratio, compared with 0.35% for JEIP.L.
JEIP.L is categorized as Derivative Income, while BB3M.L is Ultrashort Bond. Their fees differ too: 0.35% for JEIP.L and 0.07% for BB3M.L.
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