JEPQ.L vs. JPSA.L
JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) and JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) are both exchange-traded funds - JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan, while JPSA.L is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JEPQ.L returned 28.89% vs 4.42% for JPSA.L. At a 0.17 correlation, their price movements are largely independent. JEPQ.L charges 0.35%/yr vs 0.18%/yr for JPSA.L.
Performance
JEPQ.L vs. JPSA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ.L achieves a 8.75% return, which is significantly higher than JPSA.L's 1.40% return.
JEPQ.L
- 1D
- -0.84%
- 1M
- 3.66%
- YTD
- 8.75%
- 6M
- 10.24%
- 1Y
- 28.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPSA.L
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.40%
- 6M
- 1.70%
- 1Y
- 4.42%
- 3Y*
- 5.13%
- 5Y*
- 3.59%
- 10Y*
- —
JEPQ.L vs. JPSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 8.75% | 14.77% | 2.89% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.40% | 5.07% | 0.71% |
Correlation
The correlation between JEPQ.L and JPSA.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.17 |
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Return for Risk
JEPQ.L vs. JPSA.L — Risk / Return Rank
JEPQ.L
JPSA.L
JEPQ.L vs. JPSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) and JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.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.
| JEPQ.L | JPSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.06 | ||
| Sortino ratioReturn per unit of downside risk | -9.17 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 2.77 | -1.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 21.05 | -17.58 |
| Martin ratioReturn relative to average drawdown | 15.39 | 105.71 | -90.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEPQ.L | JPSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 6.47 | -4.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 5.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 3.98 | -2.89 |
Drawdowns
JEPQ.L vs. JPSA.L - Drawdown Comparison
The maximum JEPQ.L drawdown since its inception was -20.10%, which is greater than JPSA.L's maximum drawdown of -2.92%. Use the drawdown chart below to compare losses from any high point for JEPQ.L and JPSA.L.
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Drawdown Indicators
| JEPQ.L | JPSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -2.92% | -17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -0.21% | -8.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.86% | — |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -0.11% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 0.04% | +1.83% |
Volatility
JEPQ.L vs. JPSA.L - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) has a higher volatility of 1.99% compared to JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) at 0.22%. This indicates that JEPQ.L's price experiences larger fluctuations and is considered to be riskier than JPSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ.L | JPSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.22% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 0.50% | +8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 0.68% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 0.63% | +15.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 0.80% | +15.19% |
JEPQ.L vs. JPSA.L - Expense Ratio Comparison
JEPQ.L has a 0.35% expense ratio, which is higher than JPSA.L's 0.18% expense ratio.
Dividends
JEPQ.L vs. JPSA.L - Dividend Comparison
JEPQ.L's dividend yield for the trailing twelve months is around 10.20%, while JPSA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.20% | 10.06% | 0.74% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEPQ.L and JPSA.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPSA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPSA.L is cheaper with a 0.18% expense ratio, compared with 0.35% for JEPQ.L.
JEPQ.L is categorized as Nasdaq-100, while JPSA.L is Ultrashort Bond. Their fees differ too: 0.35% for JEPQ.L and 0.18% for JPSA.L.
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