JREG.L vs. JEPI.L
JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JEPI.L is a Derivative Income fund actively managed by JPMorgan. JREG.L is passively managed, while JEPI.L is actively managed. Over the past year, JREG.L returned 25.25% vs 8.15% for JEPI.L. A 0.65 correlation means they provide meaningful diversification when combined. JREG.L charges 0.25%/yr vs 0.35%/yr for JEPI.L.
Performance
JREG.L vs. JEPI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREG.L achieves a 9.43% return, which is significantly higher than JEPI.L's 0.22% return.
JREG.L
- 1D
- 0.14%
- 1M
- 3.59%
- YTD
- 9.43%
- 6M
- 10.68%
- 1Y
- 25.25%
- 3Y*
- 20.19%
- 5Y*
- 12.10%
- 10Y*
- —
JEPI.L
- 1D
- 0.18%
- 1M
- 0.11%
- YTD
- 0.22%
- 6M
- 1.01%
- 1Y
- 8.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JREG.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.43% | 19.75% | -0.68% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 0.22% | 8.11% | -2.06% |
Correlation
The correlation between JREG.L and JEPI.L is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.65 |
The correlation between JREG.L and JEPI.L has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
JREG.L vs. JEPI.L — Risk / Return Rank
JREG.L
JEPI.L
JREG.L vs. JEPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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.
| JREG.L | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.29 | +1.69 |
| Martin ratioReturn relative to average drawdown | 12.75 | 3.92 | +8.83 |
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
| JREG.L | JEPI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.99 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.33 | +0.50 |
Drawdowns
JREG.L vs. JEPI.L - Drawdown Comparison
The maximum JREG.L drawdown since its inception was -33.82%, 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 JREG.L and JEPI.L.
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Drawdown Indicators
| JREG.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -14.36% | -19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -6.29% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -4.43% | +3.89% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -2.47% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.08% | -0.10% |
Volatility
JREG.L vs. JEPI.L - Volatility Comparison
JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) has a higher volatility of 3.20% compared to JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) at 2.11%. This indicates that JREG.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
| JREG.L | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.11% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 6.36% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 8.20% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 11.81% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 11.81% | +5.24% |
JREG.L vs. JEPI.L - Expense Ratio Comparison
JREG.L has a 0.25% expense ratio, which is lower than JEPI.L's 0.35% expense ratio.
Dividends
JREG.L vs. JEPI.L - Dividend Comparison
JREG.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% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JREG.L and JEPI.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREG.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JEPI.L.
JREG.L is categorized as Global Equities, while JEPI.L is Derivative Income. Their fees differ too: 0.25% for JREG.L and 0.35% for JEPI.L.
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