JPPA.DE vs. JEIP.DE
JPPA.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Acc) and JEIP.DE (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JPPA.DE is a Ultrashort Bond fund actively managed by JPMorgan, while JEIP.DE is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. Over the past year, JPPA.DE returned 5.45% vs 10.48% for JEIP.DE. At a 0.45 correlation, their price movements are largely independent. JPPA.DE charges 0.18%/yr vs 0.35%/yr for JEIP.DE.
Performance
JPPA.DE vs. JEIP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPPA.DE achieves a 4.36% return, which is significantly lower than JEIP.DE's 5.54% return.
JPPA.DE
- 1D
- -0.27%
- 1M
- 1.38%
- 6M
- 3.29%
- YTD
- 4.36%
- 1Y
- 5.45%
- 3Y*
- 4.38%
- 5Y*
- 4.27%
- 10Y*
- —
JEIP.DE
- 1D
- 0.00%
- 1M
- 2.70%
- 6M
- 3.49%
- YTD
- 5.54%
- 1Y
- 10.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPPA.DE vs. JEIP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 4.36% | -6.63% | 4.56% |
JEIP.DE JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 5.54% | -4.10% | -3.58% |
Correlation
The correlation between JPPA.DE and JEIP.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.45 |
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Return for Risk
JPPA.DE vs. JEIP.DE — Risk / Return Rank
JPPA.DE
JEIP.DE
JPPA.DE vs. JEIP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) and JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEIP.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.
| JPPA.DE | JEIP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.16 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.64 | 5.70 | -1.06 |
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Drawdowns
JPPA.DE vs. JEIP.DE - Drawdown Comparison
The maximum JPPA.DE drawdown since its inception was -14.84%, smaller than the maximum JEIP.DE drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for JPPA.DE and JEIP.DE.
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Drawdown Indicators
| JPPA.DE | JEIP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -19.56% | +4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -4.88% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.62% | — | — |
Current DrawdownCurrent decline from peak | -4.86% | -3.19% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -7.99% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.84% | -0.51% |
Volatility
JPPA.DE vs. JEIP.DE - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) is 1.56%, while JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEIP.DE) has a volatility of 2.00%. This indicates that JPPA.DE experiences smaller price fluctuations and is considered to be less risky than JEIP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPA.DE | JEIP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 2.00% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 5.76% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 8.19% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 12.80% | -5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 12.80% | -4.66% |
JPPA.DE vs. JEIP.DE - Expense Ratio Comparison
JPPA.DE has a 0.18% expense ratio, which is lower than JEIP.DE's 0.35% expense ratio.
Dividends
JPPA.DE vs. JEIP.DE - Dividend Comparison
JPPA.DE has not paid dividends to shareholders, while JEIP.DE's dividend yield for the trailing twelve months is around 7.57%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEIP.DE JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 7.57% | 7.31% | 0.62% |
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPPA.DE and JEIP.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPPA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPPA.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for JEIP.DE.
JPPA.DE is categorized as Ultrashort Bond, while JEIP.DE is Derivative Income. Their fees differ too: 0.18% for JPPA.DE and 0.35% for JEIP.DE.
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