JEPG.L vs. SPYY.L
JEPG.L (JPM Global Equity Premium Income Active UCITS ETF USD (dist)) and SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) are both Derivative Income funds. Both are actively managed. Over the past year, JEPG.L returned 1.67% vs 9.79% for SPYY.L. At a 0.20 correlation, their price movements are largely independent. JEPG.L charges 0.35%/yr vs 0.45%/yr for SPYY.L.
Performance
JEPG.L vs. SPYY.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEPG.L achieves a -2.40% return, which is significantly higher than SPYY.L's -5.84% return.
JEPG.L
- 1D
- -0.04%
- 1M
- -0.71%
- YTD
- -2.40%
- 6M
- -1.92%
- 1Y
- 1.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYY.L
- 1D
- 0.00%
- 1M
- -2.05%
- YTD
- -5.84%
- 6M
- -5.76%
- 1Y
- 9.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPG.L vs. SPYY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEPG.L JPM Global Equity Premium Income Active UCITS ETF USD (dist) | -2.40% | 12.42% | -2.45% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -5.84% | 19.98% | -5.55% |
Correlation
The correlation between JEPG.L and SPYY.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2024 | 0.20 |
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Return for Risk
JEPG.L vs. SPYY.L — Risk / Return Rank
JEPG.L
SPYY.L
JEPG.L vs. SPYY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global Equity Premium Income Active UCITS ETF USD (dist) (JEPG.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.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.
| JEPG.L | SPYY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.65 | -0.46 |
| Martin ratioReturn relative to average drawdown | 0.45 | 1.98 | -1.53 |
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Drawdowns
JEPG.L vs. SPYY.L - Drawdown Comparison
The maximum JEPG.L drawdown since its inception was -8.74%, smaller than the maximum SPYY.L drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for JEPG.L and SPYY.L.
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Drawdown Indicators
| JEPG.L | SPYY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.74% | -17.71% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -14.91% | +6.17% |
Current DrawdownCurrent decline from peak | -7.73% | -6.87% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -4.66% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 4.92% | -1.24% |
Volatility
JEPG.L vs. SPYY.L - Volatility Comparison
The current volatility for JPM Global Equity Premium Income Active UCITS ETF USD (dist) (JEPG.L) is 3.23%, while IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) has a volatility of 3.66%. This indicates that JEPG.L experiences smaller price fluctuations and is considered to be less risky than SPYY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPG.L | SPYY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.66% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.98% | 10.11% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 12.33% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.95% | 14.11% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.95% | 14.11% | -3.16% |
JEPG.L vs. SPYY.L - Expense Ratio Comparison
JEPG.L has a 0.35% expense ratio, which is lower than SPYY.L's 0.45% expense ratio.
Dividends
JEPG.L vs. SPYY.L - Dividend Comparison
JEPG.L's dividend yield for the trailing twelve months is around 8.33%, less than SPYY.L's 39.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPG.L JPM Global Equity Premium Income Active UCITS ETF USD (dist) | 8.33% | 7.86% | 6.50% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 39.46% | 85.69% | 2.84% |
Frequently Asked Questions
JEPG.L and SPYY.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPG.L is cheaper with a 0.35% expense ratio, compared with 0.45% for SPYY.L.
They also come from different issuers: JPMorgan and Leverage Shares. Their fees differ too: 0.35% for JEPG.L and 0.45% for SPYY.L.
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