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JMRE.L vs. JEPQ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JMRE.L vs. JEPQ.L

Last updated Jun 4, 2026

JMRE.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JMRE.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. JMRE.L is passively managed, while JEPQ.L is actively managed. Over the past year, JMRE.L returned 62.35% vs 30.92% for JEPQ.L. A 0.51 correlation means they provide meaningful diversification when combined. JMRE.L charges 0.30%/yr vs 0.35%/yr for JEPQ.L.

Performance

JMRE.L vs. JEPQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JMRE.L is traded in GBp, while JEPQ.L is traded in USD. To make them comparable, the JEPQ.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JMRE.L achieves a 31.45% return, which is significantly higher than JEPQ.L's 10.08% return.

JMRE.L

1D
-0.80%
1M
10.96%
YTD
31.45%
6M
33.94%
1Y
62.35%
3Y*
22.02%
5Y*
8.79%
10Y*
—

JEPQ.L

1D
0.86%
1M
5.77%
YTD
10.08%
6M
10.58%
1Y
30.92%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JMRE.L vs. JEPQ.L - Yearly Performance Comparison

2026 (YTD)20252024
JMRE.L
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)		31.45%25.64%-1.27%
JEPQ.L
JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)		10.08%6.60%5.90%

Correlation

The correlation between JMRE.L and JEPQ.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2024

0.51

The correlation between JMRE.L and JEPQ.L has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

JMRE.L vs. JEPQ.L - Sectors Allocation Comparison

Sectors
JMRE.L
JEPQ.L

Technology

37.5%
54.0%

Financial Services

20.3%
0.4%

Consumer Cyclical

10.7%
12.7%

Communication Services

7.3%
15.4%

Industrials

6.8%
3.1%

Basic Materials

5.9%
1.0%

Energy

4.5%
0.4%

Healthcare

2.7%
4.4%

Consumer Defensive

2.5%
7.1%

Utilities

1.6%
1.3%

Real Estate

0.4%
0.2%

Technology

JMRE.L
37.5%
JEPQ.L
54.0%

Financial Services

JMRE.L
20.3%
JEPQ.L
0.4%

Consumer Cyclical

JMRE.L
10.7%
JEPQ.L
12.7%

Communication Services

JMRE.L
7.3%
JEPQ.L
15.4%

Industrials

JMRE.L
6.8%
JEPQ.L
3.1%

Basic Materials

JMRE.L
5.9%
JEPQ.L
1.0%

Energy

JMRE.L
4.5%
JEPQ.L
0.4%

Healthcare

JMRE.L
2.7%
JEPQ.L
4.4%

Consumer Defensive

JMRE.L
2.5%
JEPQ.L
7.1%

Utilities

JMRE.L
1.6%
JEPQ.L
1.3%

Real Estate

JMRE.L
0.4%
JEPQ.L
0.2%

Compare stocks, funds, or ETFs

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JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)

JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)

Often compared with JMRE.L:
JMRE.L vs. JRZE.LJMRE.L vs. EMIM.LJMRE.L vs. FRIN.LJMRE.L vs. SCHEJMRE.L vs. FEM.LJMRE.L vs. HEMC.LJMRE.L vs. EMV.L
Often compared with JEPQ.L:
JEPQ.L vs. JEQP.LJEPQ.L vs. JEPQJEPQ.L vs. GPIQJEPQ.L vs. JEPI.LJEPQ.L vs. PDIJEPQ.L vs. WINC.ASJEPQ.L vs. QYLE.DE

Return for Risk

JMRE.L vs. JEPQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JMRE.L
JMRE.L Risk / Return Rank: 9292
Overall Rank
JMRE.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
JMRE.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
JMRE.L Omega Ratio Rank: 9494
Omega Ratio Rank
JMRE.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
JMRE.L Martin Ratio Rank: 9090
Martin Ratio Rank
JEPQ.L
JEPQ.L Risk / Return Rank: 7878
Overall Rank
JEPQ.L Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
JEPQ.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
JEPQ.L Omega Ratio Rank: 8181
Omega Ratio Rank
JEPQ.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
JEPQ.L Martin Ratio Rank: 8181
Martin Ratio Rank
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.

JMRE.L vs. JEPQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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.

JMRE.LJEPQ.LDifference
Sharpe ratioReturn per unit of total volatility
3.70
2.51

+1.19

Sortino ratioReturn per unit of downside risk
4.69
3.43

+1.26

Omega ratioGain probability vs. loss probability

1.69

1.47

+0.21

Calmar ratioReturn relative to maximum drawdown

5.90

5.53

+0.38

Martin ratioReturn relative to average drawdown

20.57

19.73

+0.84

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMRE.L vs. JEPQ.L - Sharpe Ratio Comparison

The current JMRE.L Sharpe Ratio is 3.70, which is higher than the JEPQ.L Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of JMRE.L and JEPQ.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.

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Sharpe Ratios by Period

JMRE.LJEPQ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.70

2.51

+1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.93

-0.68

Drawdowns

JMRE.L vs. JEPQ.L - Drawdown Comparison

The maximum JMRE.L drawdown since its inception was -31.64%, which is greater than JEPQ.L's maximum drawdown of -22.11%. Use the drawdown chart below to compare losses from any high point for JMRE.L and JEPQ.L.

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Drawdown Indicators

JMRE.LJEPQ.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.64%

-22.11%

-9.53%

Max Drawdown (1Y)

Largest decline over 1 year

-10.51%

-5.57%

-4.94%

Max Drawdown (3Y)

Largest decline over 3 years

-23.91%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.50%

—

—

Current Drawdown

Current decline from peak

-0.80%

0.00%

-0.80%

Average Drawdown

Average peak-to-trough decline

-14.76%

-4.78%

-9.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

1.56%

+1.46%

Volatility

JMRE.L vs. JEPQ.L - Volatility Comparison

JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) has a higher volatility of 7.44% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 2.63%. This indicates that JMRE.L's price experiences larger fluctuations and is considered to be riskier than JEPQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JMRE.LJEPQ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

2.63%

+4.81%

Volatility (6M)

Calculated over the trailing 6-month period

14.31%

8.92%

+5.39%

Volatility (1Y)

Calculated over the trailing 1-year period

16.78%

12.26%

+4.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.62%

16.04%

+10.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.15%

16.04%

+10.11%

JMRE.L vs. JEPQ.L - Expense Ratio Comparison

JMRE.L has a 0.30% expense ratio, which is lower than JEPQ.L's 0.35% expense ratio.

Dividends

JMRE.L vs. JEPQ.L - Dividend Comparison

JMRE.L has not paid dividends to shareholders, while JEPQ.L's dividend yield for the trailing twelve months is around 10.11%.

PositionTTM20252024
JEPQ.L
JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)		10.11%10.06%0.74%
JMRE.L
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)		0.00%0.00%0.00%

Frequently Asked Questions

JMRE.L and JEPQ.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JMRE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JMRE.L is cheaper with a 0.30% expense ratio, compared with 0.35% for JEPQ.L.

JMRE.L is categorized as Emerging Markets Equities, while JEPQ.L is Nasdaq-100. Their fees differ too: 0.30% for JMRE.L and 0.35% for JEPQ.L.

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