JEPE.L vs. MSFI.L

Last updated Jun 5, 2026

JEPE.L (JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)) and MSFI.L (IncomeShares Microsoft (MSFT) Options ETP GBP) are both Derivative Income funds. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. JEPE.L charges 0.35%/yr vs 0.55%/yr for MSFI.L.

Performance

JEPE.L vs. MSFI.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 Microsoft (MSFT) Options ETP GBP (MSFI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

JEPE.L

• 1D: 0.20%
• 1M: 1.48%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFI.L

• 1D: 0.29%
• 1M: -0.90%
• YTD: -22.41%
• 6M: -21.12%
• 1Y: -20.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	0.25%
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP	-3.04%

Correlation

The correlation between JEPE.L and MSFI.L is 0.08, 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 (All Time) Calculated using the full available price history since Feb 23, 2026	0.08

Return for Risk

JEPE.L vs. MSFI.L — Risk / Return Rank

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

MSFI.L

MSFI.L Risk / Return Rank: 4
MSFI.L Sharpe Ratio Rank: 3
MSFI.L Sortino Ratio Rank: 3
MSFI.L Omega Ratio Rank: 3
MSFI.L Calmar Ratio Rank: 5
MSFI.L Martin Ratio Rank: 5

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.

JEPE.L vs. MSFI.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 Microsoft (MSFT) Options ETP GBP (MSFI.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	MSFI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.48	+0.54

Drawdowns

JEPE.L vs. MSFI.L - Drawdown Comparison

The maximum JEPE.L drawdown since its inception was -8.60%, smaller than the maximum MSFI.L drawdown of -34.46%. Use the drawdown chart below to compare losses from any high point for JEPE.L and MSFI.L.

Drawdown Indicators

	JEPE.L	MSFI.L	Difference
Max Drawdown Largest peak-to-trough decline	-8.60%	-34.46%	+25.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.46%	—
Current Drawdown Current decline from peak	-0.46%	-30.33%	+29.87%
Average Drawdown Average peak-to-trough decline	-3.04%	-12.21%	+9.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.18%	—

Volatility

Volatility by Period

	JEPE.L	MSFI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.04%	22.82%	-7.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	23.60%	-8.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	23.60%	-8.56%

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

JEPE.L has a 0.35% expense ratio, which is lower than MSFI.L's 0.55% expense ratio.

Dividends

JEPE.L vs. MSFI.L - Dividend Comparison

JEPE.L's dividend yield for the trailing twelve months is around 2.30%, less than MSFI.L's 9.47% yield.

Position	TTM	2025	2024
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	2.30%	0.00%	0.00%
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP	9.47%	6.96%	1.18%

Frequently Asked Questions

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

JEPE.L and MSFI.L have a correlation of 0.08, 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 MSFI.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 MSFI.L?

JEPE.L is cheaper with a 0.35% expense ratio, compared with 0.55% for MSFI.L.

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

They also come from different issuers: JPMorgan and Leverage Shares. Their fees differ too: 0.35% for JEPE.L and 0.55% for MSFI.L.