JEPI.L vs. JEPE.L

Last updated Jun 5, 2026

JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) and JEPE.L (JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)) are both Derivative Income funds from JPMorgan. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

JEPI.L vs. JEPE.L - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

JEPI.L

• 1D: 0.18%
• 1M: -1.13%
• YTD: 0.22%
• 6M: 0.99%
• 1Y: 8.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPE.L

• 1D: 0.31%
• 1M: 0.29%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)	-3.64%
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	-1.21%

Correlation

The correlation between JEPI.L and JEPE.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	0.66

Return for Risk

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

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

JEPI.L

JEPI.L Risk / Return Rank: 28
JEPI.L Sharpe Ratio Rank: 28
JEPI.L Sortino Ratio Rank: 28
JEPI.L Omega Ratio Rank: 27
JEPI.L Calmar Ratio Rank: 27
JEPI.L Martin Ratio Rank: 28

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.

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

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) and JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.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.

	JEPI.L	JEPE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	3.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JEPI.L	JEPE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.24	+0.57

Drawdowns

JEPI.L vs. JEPE.L - Drawdown Comparison

The maximum JEPI.L drawdown since its inception was -14.36%, which is greater than JEPE.L's maximum drawdown of -10.49%. Use the drawdown chart below to compare losses from any high point for JEPI.L and JEPE.L.

Drawdown Indicators

	JEPI.L	JEPE.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-10.49%	-3.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	—	—
Current Drawdown Current decline from peak	-4.43%	-1.45%	-2.98%
Average Drawdown Average peak-to-trough decline	-2.47%	-4.21%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	—	—

Volatility

Volatility by Period

	JEPI.L	JEPE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.20%	17.80%	-9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.81%	17.80%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.81%	17.80%	-5.99%

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

Both JEPI.L and JEPE.L have an expense ratio of 0.35%.

Dividends

JEPI.L vs. JEPE.L - Dividend Comparison

JEPI.L's dividend yield for the trailing twelve months is around 8.33%, more than JEPE.L's 2.30% yield.

Position	TTM	2025	2024
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	2.30%	0.00%	0.00%
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)	8.33%	7.08%	0.62%

Frequently Asked Questions

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

JEPI.L and JEPE.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEPI.L or JEPE.L?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEPI.L or JEPE.L?

JEPI.L and JEPE.L have the same expense ratio: 0.35% per year.