JEQP.L vs. TDGB.L

Last updated Jun 26, 2026

JEQP.L (JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - JEQP.L is a Nasdaq-100 fund actively managed by JPMorgan, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. JEQP.L is actively managed, while TDGB.L is passively managed. Over the past year, JEQP.L returned 27.35% vs 29.91% for TDGB.L. At a 0.21 correlation, their price movements are largely independent. JEQP.L charges 0.35%/yr vs 0.38%/yr for TDGB.L.

Performance

JEQP.L vs. TDGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JEQP.L is traded in GBp, while TDGB.L is traded in GBP. To make them comparable, the TDGB.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with JEQP.L having a 9.16% return and TDGB.L slightly higher at 9.19%.

JEQP.L

• 1D: 0.00%
• 1M: 1.60%
• YTD: 9.16%
• 6M: 9.31%
• 1Y: 27.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDGB.L

• 1D: 0.25%
• 1M: -0.85%
• YTD: 9.19%
• 6M: 9.90%
• 1Y: 29.91%
• 3Y*: 20.98%
• 5Y*: 17.76%
• 10Y*: 10.68%

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

JEQP.L vs. TDGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP	9.16%	6.86%	-16.74%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	9.19%	30.90%	0.59%

Correlation

The correlation between JEQP.L and TDGB.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.21

Return for Risk

JEQP.L vs. TDGB.L — Risk / Return Rank

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

JEQP.L

JEQP.L Risk / Return Rank: 85
JEQP.L Sharpe Ratio Rank: 82
JEQP.L Sortino Ratio Rank: 80
JEQP.L Omega Ratio Rank: 83
JEQP.L Calmar Ratio Rank: 90
JEQP.L Martin Ratio Rank: 89

TDGB.L

TDGB.L Risk / Return Rank: 94
TDGB.L Sharpe Ratio Rank: 95
TDGB.L Sortino Ratio Rank: 95
TDGB.L Omega Ratio Rank: 94
TDGB.L Calmar Ratio Rank: 94
TDGB.L Martin Ratio Rank: 93

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.

JEQP.L vs. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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.

	JEQP.L	TDGB.L	Difference
Sharpe ratio: Return per unit of total volatility	2.27	3.21	-0.94
Sortino ratio: Return per unit of downside risk	3.09	4.47	-1.38
Omega ratio: Gain probability vs. loss probability	1.43	1.60	-0.18
Calmar ratio: Return relative to maximum drawdown	4.87	6.39	-1.52
Martin ratio: Return relative to average drawdown	17.29	21.09	-3.80

JEQP.L vs. TDGB.L - Sharpe Ratio Comparison

The current JEQP.L Sharpe Ratio is 2.27, which is comparable to the TDGB.L Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of JEQP.L and TDGB.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.

Drawdowns

JEQP.L vs. TDGB.L - Drawdown Comparison

The maximum JEQP.L drawdown since its inception was -99.02%, which is greater than TDGB.L's maximum drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for JEQP.L and TDGB.L.

Drawdown Indicators

	JEQP.L	TDGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.02%	-32.94%	-66.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.64%	-4.66%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.94%	—
Current Drawdown Current decline from peak	-2.88%	-1.22%	-1.66%
Average Drawdown Average peak-to-trough decline	-16.19%	-4.91%	-11.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.41%	+0.18%

Volatility

JEQP.L vs. TDGB.L - Volatility Comparison

JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) has a higher volatility of 4.79% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.13%. This indicates that JEQP.L's price experiences larger fluctuations and is considered to be riskier than TDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEQP.L	TDGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	2.13%	+2.66%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	7.03%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	9.29%	+2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6,114.20%	11.43%	+6,102.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6,114.20%	13.69%	+6,100.51%

JEQP.L vs. TDGB.L - Expense Ratio Comparison

JEQP.L has a 0.35% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

Dividends

JEQP.L vs. TDGB.L - Dividend Comparison

JEQP.L's dividend yield for the trailing twelve months is around 8.86%, more than TDGB.L's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP	8.86%	10.25%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.19%	3.50%	4.26%	4.93%	4.40%	4.06%	4.16%	4.52%	4.38%	3.48%

Frequently Asked Questions

Can I hold both JEQP.L and TDGB.L in my portfolio?

JEQP.L and TDGB.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEQP.L or TDGB.L?

On fees, JEQP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEQP.L or TDGB.L?

JEQP.L is cheaper with a 0.35% expense ratio, compared with 0.38% for TDGB.L.

What is the main difference between JEQP.L and TDGB.L?

JEQP.L is categorized as Nasdaq-100, while TDGB.L is Global Equities. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.35% for JEQP.L and 0.38% for TDGB.L.