JPGL.L vs. JEPI.L
JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JEPI.L is a Derivative Income fund actively managed by JPMorgan. JPGL.L is passively managed, while JEPI.L is actively managed. Over the past year, JPGL.L returned 22.01% vs 8.10% for JEPI.L. A 0.71 correlation means they provide meaningful diversification when combined. JPGL.L charges 0.19%/yr vs 0.35%/yr for JEPI.L.
Performance
JPGL.L vs. JEPI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPGL.L achieves a 10.41% return, which is significantly higher than JEPI.L's 0.22% return.
JPGL.L
- 1D
- 0.28%
- 1M
- 1.24%
- YTD
- 10.41%
- 6M
- 11.74%
- 1Y
- 22.01%
- 3Y*
- 16.73%
- 5Y*
- 9.22%
- 10Y*
- —
JEPI.L
- 1D
- 0.18%
- 1M
- -1.13%
- YTD
- 0.22%
- 6M
- 0.99%
- 1Y
- 8.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPGL.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 10.41% | 18.22% | -3.64% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 0.22% | 8.11% | -2.06% |
Correlation
The correlation between JPGL.L and JEPI.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.71 |
The correlation between JPGL.L and JEPI.L has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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Return for Risk
JPGL.L vs. JEPI.L — Risk / Return Rank
JPGL.L
JEPI.L
JPGL.L vs. JEPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) and JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.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.
| JPGL.L | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.18 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.29 | +2.20 |
| Martin ratioReturn relative to average drawdown | 12.93 | 3.92 | +9.01 |
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
| JPGL.L | JEPI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.99 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.33 | +0.35 |
Drawdowns
JPGL.L vs. JEPI.L - Drawdown Comparison
The maximum JPGL.L drawdown since its inception was -35.87%, which is greater than JEPI.L's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for JPGL.L and JEPI.L.
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Drawdown Indicators
| JPGL.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.87% | -14.36% | -21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -6.29% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.43% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -2.47% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.08% | -0.37% |
Volatility
JPGL.L vs. JEPI.L - Volatility Comparison
JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a higher volatility of 2.67% compared to JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) at 2.11%. This indicates that JPGL.L's price experiences larger fluctuations and is considered to be riskier than JEPI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPGL.L | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.11% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 6.36% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 8.20% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 11.81% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 11.81% | +4.37% |
JPGL.L vs. JEPI.L - Expense Ratio Comparison
JPGL.L has a 0.19% expense ratio, which is lower than JEPI.L's 0.35% expense ratio.
Dividends
JPGL.L vs. JEPI.L - Dividend Comparison
JPGL.L has not paid dividends to shareholders, while JEPI.L's dividend yield for the trailing twelve months is around 8.33%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 8.33% | 7.08% | 0.62% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPGL.L and JEPI.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.L is cheaper with a 0.19% expense ratio, compared with 0.35% for JEPI.L.
JPGL.L is categorized as Global Equities, while JEPI.L is Derivative Income. Their fees differ too: 0.19% for JPGL.L and 0.35% for JEPI.L.
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