JEPI.L vs. QYLD.L
JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both exchange-traded funds - JEPI.L is a Derivative Income fund actively managed by JPMorgan, while QYLD.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. JEPI.L is actively managed, while QYLD.L is passively managed. Over the past year, JEPI.L returned 8.59% vs 16.20% for QYLD.L. At a 0.40 correlation, their price movements are largely independent. JEPI.L charges 0.35%/yr vs 0.45%/yr for QYLD.L.
Performance
JEPI.L vs. QYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEPI.L achieves a 3.17% return, which is significantly lower than QYLD.L's 4.70% return.
JEPI.L
- 1D
- 0.00%
- 1M
- 1.21%
- 6M
- 1.43%
- YTD
- 3.17%
- 1Y
- 8.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
JEPI.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 3.17% | 8.11% | -0.36% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 5.36% | 7.94% |
Correlation
The correlation between JEPI.L and QYLD.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.40 |
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Return for Risk
JEPI.L vs. QYLD.L — Risk / Return Rank
JEPI.L
QYLD.L
JEPI.L vs. QYLD.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 Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.
| JEPI.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 3.44 | -2.08 |
| Martin ratioReturn relative to average drawdown | 3.67 | 15.06 | -11.39 |
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Drawdowns
JEPI.L vs. QYLD.L - Drawdown Comparison
The maximum JEPI.L drawdown since its inception was -14.36%, smaller than the maximum QYLD.L drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for JEPI.L and QYLD.L.
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Drawdown Indicators
| JEPI.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -21.59% | +7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -4.68% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.59% | — |
Current DrawdownCurrent decline from peak | -1.61% | -3.81% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.76% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 1.07% | +1.27% |
Volatility
JEPI.L vs. QYLD.L - Volatility Comparison
The current volatility for JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) is 2.34%, while Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) has a volatility of 5.08%. This indicates that JEPI.L experiences smaller price fluctuations and is considered to be less risky than QYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPI.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 5.08% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 8.46% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 9.99% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.63% | 16.29% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.63% | 16.29% | -4.66% |
JEPI.L vs. QYLD.L - Expense Ratio Comparison
JEPI.L has a 0.35% expense ratio, which is lower than QYLD.L's 0.45% expense ratio.
Dividends
JEPI.L vs. QYLD.L - Dividend Comparison
JEPI.L's dividend yield for the trailing twelve months is around 7.67%, less than QYLD.L's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 7.67% | 7.08% | 0.62% | 0.00% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
Frequently Asked Questions
JEPI.L and QYLD.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPI.L is cheaper with a 0.35% expense ratio, compared with 0.45% for QYLD.L.
JEPI.L is categorized as Derivative Income, while QYLD.L is Nasdaq-100. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.35% for JEPI.L and 0.45% for QYLD.L.
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