JPMB.L vs. JEIP.L
JPMB.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)) and JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) are both exchange-traded funds - JPMB.L is a Global Bonds fund tracking the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist), while JEIP.L is a Derivative Income fund actively managed by JPMorgan. JPMB.L is passively managed, while JEIP.L is actively managed. Over the past year, JPMB.L returned 9.61% vs 8.84% for JEIP.L. At a 0.39 correlation, their price movements are largely independent. JPMB.L charges 0.39%/yr vs 0.35%/yr for JEIP.L.
Performance
JPMB.L vs. JEIP.L - Performance Comparison
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Different Trading Currencies
JPMB.L is traded in USD, while JEIP.L is traded in GBp. To make them comparable, the JEIP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPMB.L achieves a 1.73% return, which is significantly lower than JEIP.L's 3.03% return.
JPMB.L
- 1D
- 0.11%
- 1M
- -0.58%
- 6M
- 2.01%
- YTD
- 1.73%
- 1Y
- 9.61%
- 3Y*
- 7.36%
- 5Y*
- 1.32%
- 10Y*
- —
JEIP.L
- 1D
- 0.74%
- 1M
- 1.68%
- 6M
- 1.64%
- YTD
- 3.03%
- 1Y
- 8.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPMB.L vs. JEIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 1.73% | 13.29% | -1.25% |
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 3.03% | 8.47% | -23.63% |
Correlation
The correlation between JPMB.L and JEIP.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.39 |
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Return for Risk
JPMB.L vs. JEIP.L — Risk / Return Rank
JPMB.L
JEIP.L
JPMB.L vs. JEIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) and JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.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.
| JPMB.L | JEIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.39 | +0.77 |
| Martin ratioReturn relative to average drawdown | 9.45 | 3.96 | +5.48 |
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Drawdowns
JPMB.L vs. JEIP.L - Drawdown Comparison
The maximum JPMB.L drawdown since its inception was -26.70%, smaller than the maximum JEIP.L drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for JPMB.L and JEIP.L.
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Drawdown Indicators
| JPMB.L | JEIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.70% | -31.81% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -6.32% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.95% | — | — |
Current DrawdownCurrent decline from peak | -0.71% | -14.88% | +14.17% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -19.87% | +12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.23% | -1.19% |
Volatility
JPMB.L vs. JEIP.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) is 1.01%, while JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) has a volatility of 1.82%. This indicates that JPMB.L experiences smaller price fluctuations and is considered to be less risky than JEIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB.L | JEIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.82% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 5.97% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 7.94% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 20.21% | -11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.61% | 20.21% | -10.60% |
JPMB.L vs. JEIP.L - Expense Ratio Comparison
JPMB.L has a 0.39% expense ratio, which is higher than JEIP.L's 0.35% expense ratio.
Dividends
JPMB.L vs. JEIP.L - Dividend Comparison
JPMB.L's dividend yield for the trailing twelve months is around 5.89%, less than JEIP.L's 7.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 7.75% | 7.18% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 5.89% | 5.98% | 5.84% | 5.31% | 5.49% | 4.13% | 4.08% | 4.41% | 4.13% |
Frequently Asked Questions
JPMB.L and JEIP.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEIP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEIP.L is cheaper with a 0.35% expense ratio, compared with 0.39% for JPMB.L.
JPMB.L is categorized as Global Bonds, while JEIP.L is Derivative Income. Their fees differ too: 0.39% for JPMB.L and 0.35% for JEIP.L.
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