JPSA.L vs. JEPI.L
JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JPSA.L is a Ultrashort Bond fund actively managed by JPMorgan, while JEPI.L is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. Over the past year, JPSA.L returned 4.42% vs 8.15% for JEPI.L. At a 0.21 correlation, their price movements are largely independent. JPSA.L charges 0.18%/yr vs 0.35%/yr for JEPI.L.
Performance
JPSA.L vs. JEPI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPSA.L achieves a 1.40% return, which is significantly higher than JEPI.L's 0.22% return.
JPSA.L
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.40%
- 6M
- 1.70%
- 1Y
- 4.42%
- 3Y*
- 5.13%
- 5Y*
- 3.59%
- 10Y*
- —
JEPI.L
- 1D
- 0.18%
- 1M
- 0.11%
- YTD
- 0.22%
- 6M
- 1.01%
- 1Y
- 8.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPSA.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.40% | 5.07% | 0.71% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 0.22% | 8.11% | -2.06% |
Correlation
The correlation between JPSA.L and JEPI.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.21 |
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Return for Risk
JPSA.L vs. JEPI.L — Risk / Return Rank
JPSA.L
JEPI.L
JPSA.L vs. JEPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.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.
| JPSA.L | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.48 | ||
| Sortino ratioReturn per unit of downside risk | +11.16 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.18 | +1.59 |
| Calmar ratioReturn relative to maximum drawdown | 21.05 | 1.29 | +19.76 |
| Martin ratioReturn relative to average drawdown | 105.71 | 3.92 | +101.79 |
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
| JPSA.L | JEPI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.47 | 0.99 | +5.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.98 | 0.33 | +3.65 |
Drawdowns
JPSA.L vs. JEPI.L - Drawdown Comparison
The maximum JPSA.L drawdown since its inception was -2.92%, smaller than the maximum JEPI.L drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for JPSA.L and JEPI.L.
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Drawdown Indicators
| JPSA.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.92% | -14.36% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -6.29% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.86% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.43% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -2.47% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.08% | -2.04% |
Volatility
JPSA.L vs. JEPI.L - Volatility Comparison
The current volatility for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) is 0.22%, while JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) has a volatility of 2.11%. This indicates that JPSA.L experiences smaller price fluctuations and is considered to be less risky 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
| JPSA.L | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 2.11% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 6.36% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 8.20% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 11.81% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 11.81% | -11.01% |
JPSA.L vs. JEPI.L - Expense Ratio Comparison
JPSA.L has a 0.18% expense ratio, which is lower than JEPI.L's 0.35% expense ratio.
Dividends
JPSA.L vs. JEPI.L - Dividend Comparison
JPSA.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% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPSA.L and JEPI.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPSA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPSA.L is cheaper with a 0.18% expense ratio, compared with 0.35% for JEPI.L.
JPSA.L is categorized as Ultrashort Bond, while JEPI.L is Derivative Income. Their fees differ too: 0.18% for JPSA.L and 0.35% for JEPI.L.
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