JGPI.DE vs. UIQ4.DE

Last updated Jul 16, 2026

JGPI.DE (JPM Global Equity Premium Income Active UCITS ETF - USD (dist)) and UIQ4.DE (UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc) are both Derivative Income funds. JGPI.DE is actively managed, while UIQ4.DE is passively managed. At a 0.07 correlation, their price movements are largely independent. JGPI.DE charges 0.35%/yr vs 0.21%/yr for UIQ4.DE.

Performance

JGPI.DE vs. UIQ4.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPM Global Equity Premium Income Active UCITS ETF - USD (dist) (JGPI.DE) and UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGPI.DE achieves a 2.46% return, which is significantly lower than UIQ4.DE's 4.07% return.

JGPI.DE

• 1D: -0.36%
• 1M: 1.85%
• 6M: 1.10%
• YTD: 2.46%
• 1Y: 6.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UIQ4.DE

• 1D: 0.00%
• 1M: 0.43%
• 6M: 3.81%
• YTD: 4.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JGPI.DE vs. UIQ4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
JGPI.DE JPM Global Equity Premium Income Active UCITS ETF - USD (dist)	2.46%	0.00%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	4.07%	0.18%

Correlation

The correlation between JGPI.DE and UIQ4.DE is 0.07, 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 (All Time) Calculated using the full available price history since Dec 22, 2025	0.07

Return for Risk

JGPI.DE vs. UIQ4.DE — Risk / Return Rank

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

JGPI.DE

JGPI.DE Risk / Return Rank: 20
JGPI.DE Sharpe Ratio Rank: 21
JGPI.DE Sortino Ratio Rank: 20
JGPI.DE Omega Ratio Rank: 19
JGPI.DE Calmar Ratio Rank: 20
JGPI.DE Martin Ratio Rank: 20

UIQ4.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

JGPI.DE vs. UIQ4.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPM Global Equity Premium Income Active UCITS ETF - USD (dist) (JGPI.DE) and UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.DE). 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.

	JGPI.DE	UIQ4.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.61	—	—
Sortino ratio: Return per unit of downside risk	0.93	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.68	—	—
Martin ratio: Return relative to average drawdown	1.80	—	—

Drawdowns

JGPI.DE vs. UIQ4.DE - Drawdown Comparison

The maximum JGPI.DE drawdown since its inception was -12.12%, which is greater than UIQ4.DE's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for JGPI.DE and UIQ4.DE.

Drawdown Indicators

	JGPI.DE	UIQ4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-3.90%	-8.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	—	—
Current Drawdown Current decline from peak	-5.65%	-0.24%	-5.41%
Average Drawdown Average peak-to-trough decline	-4.52%	-0.76%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	—	—

Volatility

Volatility by Period

	JGPI.DE	UIQ4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.17%	7.80%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	7.80%	+2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.31%	7.80%	+2.51%

JGPI.DE vs. UIQ4.DE - Expense Ratio Comparison

JGPI.DE has a 0.35% expense ratio, which is higher than UIQ4.DE's 0.21% expense ratio.

Dividends

JGPI.DE vs. UIQ4.DE - Dividend Comparison

JGPI.DE's dividend yield for the trailing twelve months is around 8.09%, while UIQ4.DE has not paid dividends to shareholders.

Position	TTM	2025	2024
JGPI.DE JPM Global Equity Premium Income Active UCITS ETF - USD (dist)	8.09%	8.08%	6.27%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JGPI.DE and UIQ4.DE in my portfolio?

JGPI.DE and UIQ4.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JGPI.DE or UIQ4.DE?

On fees, UIQ4.DE is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JGPI.DE or UIQ4.DE?

UIQ4.DE is cheaper with a 0.21% expense ratio, compared with 0.35% for JGPI.DE.

What is the main difference between JGPI.DE and UIQ4.DE?

They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.35% for JGPI.DE and 0.21% for UIQ4.DE.