JEPQ vs. FWRA.L

Last updated Jun 9, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, JEPQ returned 25.85% vs 25.89% for FWRA.L. A 0.53 correlation means they provide meaningful diversification when combined. JEPQ charges 0.35%/yr vs 0.15%/yr for FWRA.L.

Performance

JEPQ vs. FWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPQ achieves a 7.44% return, which is significantly lower than FWRA.L's 9.27% return.

JEPQ

• 1D: 1.24%
• 1M: 0.97%
• YTD: 7.44%
• 6M: 7.26%
• 1Y: 25.85%
• 3Y*: 20.04%
• 5Y*: —
• 10Y*: —

FWRA.L

• 1D: -0.43%
• 1M: 0.22%
• YTD: 9.27%
• 6M: 10.72%
• 1Y: 25.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEPQ vs. FWRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.44%	15.18%	24.85%	10.84%
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	9.27%	22.42%	18.04%	10.02%

Correlation

The correlation between JEPQ and FWRA.L is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.53

The correlation between JEPQ and FWRA.L shifts across timeframes, from 0.53 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

JEPQ vs. FWRA.L - Sectors Allocation Comparison

Sectors	JEPQ	FWRA.L
Technology	54.0%	29.1%
Communication Services	15.4%	8.9%
Consumer Cyclical	12.8%	9.4%
Consumer Defensive	7.1%	5.0%
Healthcare	4.4%	7.6%
Industrials	3.1%	11.0%
Utilities	1.3%	2.6%
Basic Materials	1.0%	3.9%
Energy	0.4%	4.3%
Financial Services	0.4%	16.4%
Real Estate	0.2%	1.9%

Return for Risk

JEPQ vs. FWRA.L — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 73
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

FWRA.L

FWRA.L Risk / Return Rank: 71
FWRA.L Sharpe Ratio Rank: 70
FWRA.L Sortino Ratio Rank: 76
FWRA.L Omega Ratio Rank: 72
FWRA.L Calmar Ratio Rank: 65
FWRA.L Martin Ratio Rank: 72

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 vs. FWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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	FWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.07	+0.07
Sortino ratio: Return per unit of downside risk	2.79	3.08	-0.28
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	2.95	2.95	0.00
Martin ratio: Return relative to average drawdown	14.33	12.33	+2.00
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 vs. FWRA.L - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.13, which is comparable to the FWRA.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of JEPQ and FWRA.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	FWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	2.07	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.51	-0.55

Drawdowns

JEPQ vs. FWRA.L - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, which is greater than FWRA.L's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for JEPQ and FWRA.L.

Drawdown Indicators

	JEPQ	FWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-16.50%	-3.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-8.78%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	—	—
Current Drawdown Current decline from peak	-2.02%	-2.75%	+0.73%
Average Drawdown Average peak-to-trough decline	-3.42%	-1.92%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.10%	-0.29%

Volatility

JEPQ vs. FWRA.L - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 3.65%, while Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a volatility of 3.90%. This indicates that JEPQ experiences smaller price fluctuations and is considered to be less risky than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPQ	FWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.90%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	9.98%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	12.55%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	13.63%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	13.63%	+3.04%

JEPQ vs. FWRA.L - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is higher than FWRA.L's 0.15% expense ratio.

Dividends

JEPQ vs. FWRA.L - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.26%, while FWRA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.26%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

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

JEPQ and FWRA.L have a correlation of 0.65, 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 or FWRA.L?

On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEPQ or FWRA.L?

FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ is categorized as Nasdaq-100, while FWRA.L is Global Equities. JEPQ tracks Nasdaq-100 Index, while FWRA.L tracks FTSE All-World Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.35% for JEPQ and 0.15% for FWRA.L.