JEQP.L vs. JGSA.L
JEQP.L (JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP) and JGSA.L (JPM GBP Ultra-Short Income Active ETF GBP Acc) are both exchange-traded funds - JEQP.L is a Nasdaq-100 fund actively managed by JPMorgan, while JGSA.L is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JEQP.L returned 29.63% vs 4.29% for JGSA.L. At a 0.04 correlation, their price movements are largely independent. JEQP.L charges 0.35%/yr vs 0.18%/yr for JGSA.L.
Performance
JEQP.L vs. JGSA.L - Performance Comparison
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Different Trading Currencies
JEQP.L is traded in GBp, while JGSA.L is traded in GBP. To make them comparable, the JGSA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEQP.L achieves a 8.97% return, which is significantly higher than JGSA.L's 1.38% return.
JEQP.L
- 1D
- -0.35%
- 1M
- 4.24%
- YTD
- 8.97%
- 6M
- 8.46%
- 1Y
- 29.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGSA.L
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 1.38%
- 6M
- 1.75%
- 1Y
- 4.29%
- 3Y*
- 5.02%
- 5Y*
- 3.39%
- 10Y*
- —
JEQP.L vs. JGSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 8.97% | 6.58% | 5.67% |
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP Acc | 1.38% | 5.06% | 0.80% |
Correlation
The correlation between JEQP.L and JGSA.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.04 |
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Return for Risk
JEQP.L vs. JGSA.L — Risk / Return Rank
JEQP.L
JGSA.L
JEQP.L vs. JGSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) and JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.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.
| JEQP.L | JGSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.50 | ||
| Sortino ratioReturn per unit of downside risk | -9.86 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 3.34 | -1.84 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 10.27 | -5.04 |
| Martin ratioReturn relative to average drawdown | 19.59 | 53.58 | -33.98 |
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
| JEQP.L | JGSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 7.14 | -4.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 4.29 | -3.36 |
Drawdowns
JEQP.L vs. JGSA.L - Drawdown Comparison
The maximum JEQP.L drawdown since its inception was -22.00%, which is greater than JGSA.L's maximum drawdown of -1.42%. Use the drawdown chart below to compare losses from any high point for JEQP.L and JGSA.L.
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Drawdown Indicators
| JEQP.L | JGSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.00% | -1.42% | -20.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.64% | -0.42% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.01% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -0.10% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 0.08% | +1.43% |
Volatility
JEQP.L vs. JGSA.L - Volatility Comparison
JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) has a higher volatility of 1.57% compared to JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) at 0.24%. This indicates that JEQP.L's price experiences larger fluctuations and is considered to be riskier than JGSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEQP.L | JGSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.24% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 0.53% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 0.60% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 0.55% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 0.62% | +14.26% |
JEQP.L vs. JGSA.L - Expense Ratio Comparison
JEQP.L has a 0.35% expense ratio, which is higher than JGSA.L's 0.18% expense ratio.
Dividends
JEQP.L vs. JGSA.L - Dividend Comparison
JEQP.L's dividend yield for the trailing twelve months is around 10.21%, while JGSA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP | 10.21% | 10.04% | 0.73% |
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEQP.L and JGSA.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGSA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGSA.L is cheaper with a 0.18% expense ratio, compared with 0.35% for JEQP.L.
JEQP.L is categorized as Nasdaq-100, while JGSA.L is Ultrashort Bond. Their fees differ too: 0.35% for JEQP.L and 0.18% for JGSA.L.
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