JEPE.L vs. ISEM.L

Last updated Jun 4, 2026

JEPE.L (JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)) and ISEM.L (IncomeShares Semiconductors Leaders ETP) are both Derivative Income funds. JEPE.L is actively managed, while ISEM.L is passively managed. At a 0.46 correlation, their price movements are largely independent. JEPE.L charges 0.35%/yr vs 0.45%/yr for ISEM.L.

Performance

JEPE.L vs. ISEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.L) and IncomeShares Semiconductors Leaders ETP (ISEM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JEPE.L is traded in EUR, while ISEM.L is traded in GBp. To make them comparable, the ISEM.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

JEPE.L

• 1D: -0.28%
• 1M: 2.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ISEM.L

• 1D: 2.86%
• 1M: 29.58%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEPE.L vs. ISEM.L - Yearly Performance Comparison

	2026 (YTD)
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	8.05%
ISEM.L IncomeShares Semiconductors Leaders ETP	57.87%

Correlation

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

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.46

Return for Risk

JEPE.L vs. ISEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.L) and IncomeShares Semiconductors Leaders ETP (ISEM.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JEPE.L	ISEM.L	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	31.17	-31.16

Drawdowns

JEPE.L vs. ISEM.L - Drawdown Comparison

The maximum JEPE.L drawdown since its inception was -8.60%, which is greater than ISEM.L's maximum drawdown of -6.42%. Use the drawdown chart below to compare losses from any high point for JEPE.L and ISEM.L.

Drawdown Indicators

	JEPE.L	ISEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-8.60%	-6.42%	-2.18%
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-3.08%	-0.94%	-2.14%

Volatility

Volatility by Period

	JEPE.L	ISEM.L	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	41.12%	-25.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	41.12%	-25.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.15%	41.12%	-25.97%

JEPE.L vs. ISEM.L - Expense Ratio Comparison

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

Dividends

JEPE.L vs. ISEM.L - Dividend Comparison

JEPE.L's dividend yield for the trailing twelve months is around 2.30%, less than ISEM.L's 13.84% yield.

Position	TTM
ISEM.L IncomeShares Semiconductors Leaders ETP	13.84%
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	2.30%

Frequently Asked Questions

Can I hold both JEPE.L and ISEM.L in my portfolio?

JEPE.L and ISEM.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, JEPE.L or ISEM.L?

On fees, JEPE.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, JEPE.L or ISEM.L?

JEPE.L is cheaper with a 0.35% expense ratio, compared with 0.45% for ISEM.L.

What is the main difference between JEPE.L and ISEM.L?

They also come from different issuers: JPMorgan and IncomeShares. Their fees differ too: 0.35% for JEPE.L and 0.45% for ISEM.L.