JEPQ.L vs. XYLU.L
JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) and XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) are both exchange-traded funds - JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan, while XYLU.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index. JEPQ.L is actively managed, while XYLU.L is passively managed. Over the past year, JEPQ.L returned 25.64% vs 15.69% for XYLU.L. A 0.69 correlation means they provide meaningful diversification when combined. JEPQ.L charges 0.35%/yr vs 0.45%/yr for XYLU.L.
Performance
JEPQ.L vs. XYLU.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEPQ.L achieves a 7.27% return, which is significantly higher than XYLU.L's 3.69% return.
JEPQ.L
- 1D
- 2.15%
- 1M
- 1.07%
- YTD
- 7.27%
- 6M
- 9.24%
- 1Y
- 25.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLU.L
- 1D
- 0.00%
- 1M
- -0.89%
- YTD
- 3.69%
- 6M
- 5.21%
- 1Y
- 15.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ.L vs. XYLU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 7.27% | 14.79% | 3.73% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 3.69% | 7.85% | 5.02% |
Correlation
The correlation between JEPQ.L and XYLU.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.69 |
The correlation between JEPQ.L and XYLU.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
JEPQ.L vs. XYLU.L — Risk / Return Rank
JEPQ.L
XYLU.L
JEPQ.L vs. XYLU.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 Global X S&P 500 Covered Call UCITS ETF USD (XYLU.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.
| JEPQ.L | XYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.03 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.20 | 15.24 | -2.05 |
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Drawdowns
JEPQ.L vs. XYLU.L - Drawdown Comparison
The maximum JEPQ.L drawdown since its inception was -20.08%, which is greater than XYLU.L's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for JEPQ.L and XYLU.L.
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Drawdown Indicators
| JEPQ.L | XYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -17.20% | -2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -5.17% | -3.14% |
Current DrawdownCurrent decline from peak | -2.19% | -2.31% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -2.02% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.03% | +0.91% |
Volatility
JEPQ.L vs. XYLU.L - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) has a higher volatility of 3.59% compared to Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) at 2.21%. This indicates that JEPQ.L's price experiences larger fluctuations and is considered to be riskier than XYLU.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 | XYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 2.21% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 5.94% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 7.27% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 10.39% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 10.39% | +5.87% |
JEPQ.L vs. XYLU.L - Expense Ratio Comparison
JEPQ.L has a 0.35% expense ratio, which is lower than XYLU.L's 0.45% expense ratio.
Dividends
JEPQ.L vs. XYLU.L - Dividend Comparison
JEPQ.L's dividend yield for the trailing twelve months is around 10.01%, less than XYLU.L's 11.37% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.01% | 10.06% | 0.00% | 0.00% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 11.37% | 10.48% | 7.24% | 3.88% |
Frequently Asked Questions
JEPQ.L and XYLU.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ.L is cheaper with a 0.35% expense ratio, compared with 0.45% for XYLU.L.
JEPQ.L is categorized as Nasdaq-100, while XYLU.L is Derivative Income. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.35% for JEPQ.L and 0.45% for XYLU.L.
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