JPAS.L vs. JEPQ.L
JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JPAS.L is a Dividend fund actively managed by JPMorgan, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, JPAS.L returned 3.51% vs 21.29% for JEPQ.L. At a 0.15 correlation, their price movements are largely independent. JPAS.L charges 0.18%/yr vs 0.35%/yr for JEPQ.L.
Performance
JPAS.L vs. JEPQ.L - Performance Comparison
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Different Trading Currencies
JPAS.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, JPAS.L achieves a 1.52% return, which is significantly lower than JEPQ.L's 8.44% return.
JPAS.L
- 1D
- -0.62%
- 1M
- -0.14%
- 6M
- 1.35%
- YTD
- 1.52%
- 1Y
- 3.51%
- 3Y*
- 4.11%
- 5Y*
- 4.11%
- 10Y*
- —
JEPQ.L
- 1D
- -1.54%
- 1M
- -1.53%
- 6M
- 8.22%
- YTD
- 8.44%
- 1Y
- 21.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPAS.L vs. JEPQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 1.52% | -2.07% | 4.32% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 8.44% | 6.61% | 8.62% |
Correlation
The correlation between JPAS.L and JEPQ.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.15 |
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Return for Risk
JPAS.L vs. JEPQ.L — Risk / Return Rank
JPAS.L
JEPQ.L
JPAS.L vs. JEPQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.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.
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.
| JPAS.L | JEPQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.82 | -3.02 |
| Martin ratioReturn relative to average drawdown | 2.05 | 12.01 | -9.96 |
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Drawdowns
JPAS.L vs. JEPQ.L - Drawdown Comparison
The maximum JPAS.L drawdown since its inception was -26.18%, which is greater than JEPQ.L's maximum drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for JPAS.L and JEPQ.L.
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Drawdown Indicators
| JPAS.L | JEPQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.18% | -22.10% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -5.57% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | — | — |
Current DrawdownCurrent decline from peak | -6.97% | -3.80% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -4.54% | -10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.77% | -0.06% |
Volatility
JPAS.L vs. JEPQ.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) is 1.77%, while JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) has a volatility of 5.07%. This indicates that JPAS.L experiences smaller price fluctuations and is considered to be less risky 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
| JPAS.L | JEPQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 5.07% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 10.37% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 13.47% | -7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 16.45% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.24% | 16.45% | -4.21% |
JPAS.L vs. JEPQ.L - Expense Ratio Comparison
JPAS.L has a 0.18% expense ratio, which is lower than JEPQ.L's 0.35% expense ratio.
Dividends
JPAS.L vs. JEPQ.L - Dividend Comparison
JPAS.L has not paid dividends to shareholders, while JEPQ.L's dividend yield for the trailing twelve months is around 10.11%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.11% | 10.06% | 0.74% |
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPAS.L and JEPQ.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPAS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPAS.L is cheaper with a 0.18% expense ratio, compared with 0.35% for JEPQ.L.
JPAS.L is categorized as Dividend, while JEPQ.L is Nasdaq-100. Their fees differ too: 0.18% for JPAS.L and 0.35% for JEPQ.L.
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