JEPQ.L vs. UDVD.L

Last updated Jun 10, 2026

JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan, while UDVD.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. JEPQ.L is actively managed, while UDVD.L is passively managed. Over the past year, JEPQ.L returned 24.41% vs 13.12% for UDVD.L. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

JEPQ.L vs. UDVD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ.L achieves a 5.67% return, which is significantly lower than UDVD.L's 7.37% return.

JEPQ.L

• 1D: -1.43%
• 1M: -0.07%
• YTD: 5.67%
• 6M: 6.35%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UDVD.L

• 1D: 0.28%
• 1M: 0.99%
• YTD: 7.37%
• 6M: 8.92%
• 1Y: 13.12%
• 3Y*: 9.29%
• 5Y*: 5.73%
• 10Y*: 8.80%

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

JEPQ.L vs. UDVD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	5.67%	14.79%	3.73%
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	7.37%	8.57%	-5.33%

Correlation

The correlation between JEPQ.L and UDVD.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.26

JEPQ.L vs. UDVD.L - Sectors Allocation Comparison

Sectors	JEPQ.L	UDVD.L
Technology	54.0%	8.9%
Communication Services	15.4%	3.5%
Consumer Cyclical	12.7%	5.2%
Consumer Defensive	7.1%	17.0%
Healthcare	4.4%	6.2%
Industrials	3.1%	17.5%
Utilities	1.3%	14.8%
Basic Materials	1.0%	6.4%
Energy	0.4%	4.5%
Financial Services	0.4%	11.5%
Real Estate	0.2%	4.6%

Return for Risk

JEPQ.L vs. UDVD.L — Risk / Return Rank

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

JEPQ.L

JEPQ.L Risk / Return Rank: 73
JEPQ.L Sharpe Ratio Rank: 70
JEPQ.L Sortino Ratio Rank: 75
JEPQ.L Omega Ratio Rank: 75
JEPQ.L Calmar Ratio Rank: 67
JEPQ.L Martin Ratio Rank: 76

UDVD.L

UDVD.L Risk / Return Rank: 40
UDVD.L Sharpe Ratio Rank: 42
UDVD.L Sortino Ratio Rank: 44
UDVD.L Omega Ratio Rank: 39
UDVD.L Calmar Ratio Rank: 42
UDVD.L Martin Ratio Rank: 34

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.

JEPQ.L vs. UDVD.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 SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.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	UDVD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.32	+0.69
Sortino ratio: Return per unit of downside risk	2.92	1.99	+0.94
Omega ratio: Gain probability vs. loss probability	1.39	1.23	+0.16
Calmar ratio: Return relative to maximum drawdown	2.94	1.85	+1.09
Martin ratio: Return relative to average drawdown	12.84	4.67	+8.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPQ.L vs. UDVD.L - Sharpe Ratio Comparison

The current JEPQ.L Sharpe Ratio is 2.01, which is higher than the UDVD.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of JEPQ.L and UDVD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEPQ.L	UDVD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.32	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.72	+0.23

Drawdowns

JEPQ.L vs. UDVD.L - Drawdown Comparison

The maximum JEPQ.L drawdown since its inception was -20.08%, smaller than the maximum UDVD.L drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for JEPQ.L and UDVD.L.

Drawdown Indicators

	JEPQ.L	UDVD.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.08%	-36.12%	+16.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-7.06%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.12%	—
Current Drawdown Current decline from peak	-3.65%	-3.27%	-0.38%
Average Drawdown Average peak-to-trough decline	-2.78%	-3.43%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.80%	-0.90%

Volatility

JEPQ.L vs. UDVD.L - Volatility Comparison

JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) have volatilities of 2.69% and 2.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ.L	UDVD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.62%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	7.00%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.16%	9.93%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	13.93%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	15.70%	+0.52%

JEPQ.L vs. UDVD.L - Expense Ratio Comparison

Both JEPQ.L and UDVD.L have an expense ratio of 0.35%.

Dividends

JEPQ.L vs. UDVD.L - Dividend Comparison

JEPQ.L's dividend yield for the trailing twelve months is around 10.49%, more than UDVD.L's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)	10.49%	10.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	2.04%	2.17%	2.03%	2.24%	2.13%	2.15%	2.36%	2.01%	2.27%	1.78%	1.83%	2.06%

Frequently Asked Questions

Can I hold both JEPQ.L and UDVD.L in my portfolio?

JEPQ.L and UDVD.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEPQ.L or UDVD.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, JEPQ.L or UDVD.L?

JEPQ.L and UDVD.L have the same expense ratio: 0.35% per year.

What is the main difference between JEPQ.L and UDVD.L?

JEPQ.L is categorized as Nasdaq-100, while UDVD.L is Large Cap Blend Equities. They also come from different issuers: JPMorgan and State Street.