JEIP.L vs. QYLU.L
JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both exchange-traded funds - JEIP.L is a Derivative Income fund actively managed by JPMorgan, while QYLU.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. JEIP.L is actively managed, while QYLU.L is passively managed. Over the past year, JEIP.L returned 8.22% vs 16.20% for QYLU.L. At a 0.43 correlation, their price movements are largely independent. JEIP.L charges 0.35%/yr vs 0.45%/yr for QYLU.L.
Performance
JEIP.L vs. QYLU.L - Performance Comparison
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Different Trading Currencies
JEIP.L is traded in GBp, while QYLU.L is traded in USD. To make them comparable, the QYLU.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 QYLU.L's 5.02% return.
JEIP.L
- 1D
- 0.16%
- 1M
- 0.62%
- 6M
- 0.66%
- YTD
- 2.98%
- 1Y
- 8.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLU.L
- 1D
- -2.21%
- 1M
- -3.87%
- 6M
- 3.39%
- YTD
- 5.02%
- 1Y
- 16.20%
- 3Y*
- 10.24%
- 5Y*
- —
- 10Y*
- —
JEIP.L vs. QYLU.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% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 5.02% | -1.93% | 9.93% |
Correlation
The correlation between JEIP.L and QYLU.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.43 |
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Return for Risk
JEIP.L vs. QYLU.L — Risk / Return Rank
JEIP.L
QYLU.L
JEIP.L vs. QYLU.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 (Acc) (QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.36 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.58 | 9.90 | -6.32 |
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Drawdowns
JEIP.L vs. QYLU.L - Drawdown Comparison
The maximum JEIP.L drawdown since its inception was -30.22%, which is greater than QYLU.L's maximum drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for JEIP.L and QYLU.L.
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Drawdown Indicators
| JEIP.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.22% | -22.59% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -4.80% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.59% | — |
Current DrawdownCurrent decline from peak | -17.54% | -4.80% | -12.74% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -4.77% | -16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 1.63% | +0.66% |
Volatility
JEIP.L vs. QYLU.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 (Acc) (QYLU.L) has a volatility of 5.47%. This indicates that JEIP.L experiences smaller price fluctuations and is considered to be less risky than QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 5.47% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.98% | 10.10% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.24% | 14.10% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.42% | 16.17% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.42% | 16.17% | +3.25% |
JEIP.L vs. QYLU.L - Expense Ratio Comparison
JEIP.L has a 0.35% expense ratio, which is lower than QYLU.L's 0.45% expense ratio.
Dividends
JEIP.L vs. QYLU.L - Dividend Comparison
JEIP.L's dividend yield for the trailing twelve months is around 7.70%, while QYLU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 7.70% | 7.18% | 0.61% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEIP.L and QYLU.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JEIP.L is cheaper with a 0.35% expense ratio, compared with 0.45% for QYLU.L.
JEIP.L is categorized as Derivative Income, while QYLU.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 QYLU.L.
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