JEIP.L vs. PPFB.DE
JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) and PPFB.DE (iShares Physical Gold ETC) are both exchange-traded funds - JEIP.L is a Derivative Income fund actively managed by JPMorgan, while PPFB.DE is a Precious Metals fund tracking the Gold. JEIP.L is actively managed, while PPFB.DE is passively managed. Over the past year, JEIP.L returned 9.37% vs 33.61% for PPFB.DE. At a 0.03 correlation, their price movements are largely independent. JEIP.L charges 0.35%/yr vs 0.12%/yr for PPFB.DE.
Performance
JEIP.L vs. PPFB.DE - Performance Comparison
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Different Trading Currencies
JEIP.L is traded in GBp, while PPFB.DE is traded in EUR. To make them comparable, the PPFB.DE 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 0.89% return, which is significantly lower than PPFB.DE's 1.88% return.
JEIP.L
- 1D
- 0.25%
- 1M
- 1.82%
- YTD
- 0.89%
- 6M
- 0.60%
- 1Y
- 9.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPFB.DE
- 1D
- 0.69%
- 1M
- -4.14%
- YTD
- 1.88%
- 6M
- 3.91%
- 1Y
- 33.61%
- 3Y*
- 28.21%
- 5Y*
- —
- 10Y*
- —
JEIP.L vs. PPFB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 0.89% | 0.86% | -20.56% |
PPFB.DE iShares Physical Gold ETC | 1.88% | 56.87% | -1.68% |
Correlation
The correlation between JEIP.L and PPFB.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.03 |
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Return for Risk
JEIP.L vs. PPFB.DE — Risk / Return Rank
JEIP.L
PPFB.DE
JEIP.L vs. PPFB.DE - 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 iShares Physical Gold ETC (PPFB.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.L | PPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.93 | -0.42 |
| Martin ratioReturn relative to average drawdown | 4.23 | 5.10 | -0.87 |
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Drawdowns
JEIP.L vs. PPFB.DE - Drawdown Comparison
The maximum JEIP.L drawdown since its inception was -30.22%, which is greater than PPFB.DE's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for JEIP.L and PPFB.DE.
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Drawdown Indicators
| JEIP.L | PPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.22% | -17.33% | -12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -17.33% | +11.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.33% | — |
Current DrawdownCurrent decline from peak | -19.22% | -15.69% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -21.09% | -3.72% | -17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 6.59% | -4.38% |
Volatility
JEIP.L vs. PPFB.DE - Volatility Comparison
The current volatility for JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) is 2.29%, while iShares Physical Gold ETC (PPFB.DE) has a volatility of 5.10%. This indicates that JEIP.L experiences smaller price fluctuations and is considered to be less risky than PPFB.DE 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 | PPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 5.10% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.29% | 20.09% | -13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 23.17% | -14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 16.30% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 16.30% | +3.64% |
JEIP.L vs. PPFB.DE - Expense Ratio Comparison
JEIP.L has a 0.35% expense ratio, which is higher than PPFB.DE's 0.12% expense ratio.
Dividends
JEIP.L vs. PPFB.DE - Dividend Comparison
JEIP.L's dividend yield for the trailing twelve months is around 7.93%, while PPFB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 7.93% | 7.18% | 0.61% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEIP.L and PPFB.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPFB.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPFB.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for JEIP.L.
JEIP.L is categorized as Derivative Income, while PPFB.DE is Precious Metals. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JEIP.L and 0.12% for PPFB.DE.
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