JEIP.L vs. QYLD.L

Last updated Jul 18, 2026

JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both exchange-traded funds - JEIP.L is a Derivative Income fund actively managed by JPMorgan, while QYLD.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. JEIP.L is actively managed, while QYLD.L is passively managed. Over the past year, JEIP.L returned 8.22% vs 15.88% for QYLD.L. A 0.51 correlation means they provide meaningful diversification when combined. JEIP.L charges 0.35%/yr vs 0.45%/yr for QYLD.L.

Performance

JEIP.L vs. QYLD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) and Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JEIP.L is traded in GBp, while QYLD.L is traded in USD. To make them comparable, the QYLD.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 2.98% return, which is significantly lower than QYLD.L's 4.85% return.

JEIP.L

• 1D: 0.16%
• 1M: 0.62%
• 6M: 0.66%
• YTD: 2.98%
• 1Y: 8.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD.L

• 1D: -1.99%
• 1M: -3.73%
• 6M: 3.25%
• YTD: 4.85%
• 1Y: 15.88%
• 3Y*: 10.74%
• 5Y*: —
• 10Y*: —

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

JEIP.L vs. QYLD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	2.98%	0.86%	-20.56%
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)	4.85%	-2.14%	11.87%

Correlation

The correlation between JEIP.L and QYLD.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.51

The correlation between JEIP.L and QYLD.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Return for Risk

JEIP.L vs. QYLD.L — Risk / Return Rank

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

JEIP.L

JEIP.L Risk / Return Rank: 32
JEIP.L Sharpe Ratio Rank: 34
JEIP.L Sortino Ratio Rank: 33
JEIP.L Omega Ratio Rank: 30
JEIP.L Calmar Ratio Rank: 32
JEIP.L Martin Ratio Rank: 31

QYLD.L

QYLD.L Risk / Return Rank: 76
QYLD.L Sharpe Ratio Rank: 66
QYLD.L Sortino Ratio Rank: 66
QYLD.L Omega Ratio Rank: 75
QYLD.L Calmar Ratio Rank: 85
QYLD.L Martin Ratio Rank: 90

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.L vs. QYLD.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 Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.

	JEIP.L	QYLD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.48	-0.48
Sortino ratio: Return per unit of downside risk	1.45	2.07	-0.62
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.11
Calmar ratio: Return relative to maximum drawdown	1.33	3.39	-2.06
Martin ratio: Return relative to average drawdown	3.58	11.47	-7.90

JEIP.L vs. QYLD.L - Sharpe Ratio Comparison

The current JEIP.L Sharpe Ratio is 1.00, which is lower than the QYLD.L Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of JEIP.L and QYLD.L, 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.L vs. QYLD.L - Drawdown Comparison

The maximum JEIP.L drawdown since its inception was -30.22%, which is greater than QYLD.L's maximum drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for JEIP.L and QYLD.L.

Drawdown Indicators

	JEIP.L	QYLD.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-24.76%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-4.66%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.76%	—
Current Drawdown Current decline from peak	-17.54%	-4.66%	-12.88%
Average Drawdown Average peak-to-trough decline	-20.89%	-5.50%	-15.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.37%	+0.92%

Volatility

JEIP.L vs. QYLD.L - Volatility Comparison

The current volatility for JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) is 1.82%, while Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) has a volatility of 5.02%. This indicates that JEIP.L experiences smaller price fluctuations and is considered to be less risky than QYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEIP.L	QYLD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	5.02%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	5.98%	8.81%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	10.67%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.42%	16.77%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	16.77%	+2.65%

JEIP.L vs. QYLD.L - Expense Ratio Comparison

JEIP.L has a 0.35% expense ratio, which is lower than QYLD.L's 0.45% expense ratio.

Dividends

JEIP.L vs. QYLD.L - Dividend Comparison

JEIP.L's dividend yield for the trailing twelve months is around 7.70%, less than QYLD.L's 11.85% yield.

Position	TTM	2025	2024	2023
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist	7.70%	7.18%	0.61%	0.00%
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)	11.85%	11.41%	12.28%	10.88%

Frequently Asked Questions

Can I hold both JEIP.L and QYLD.L in my portfolio?

JEIP.L and QYLD.L have a correlation of 0.46, 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.L or QYLD.L?

On fees, JEIP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEIP.L or QYLD.L?

JEIP.L is cheaper with a 0.35% expense ratio, compared with 0.45% for QYLD.L.

What is the main difference between JEIP.L and QYLD.L?

JEIP.L is categorized as Derivative Income, while QYLD.L is Nasdaq-100. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.35% for JEIP.L and 0.45% for QYLD.L.