JREJ.L vs. JEPI.L
JREJ.L (JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JREJ.L is a Japan Equities 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, JREJ.L returned 33.48% vs 9.57% for JEPI.L. At a 0.44 correlation, their price movements are largely independent.
Performance
JREJ.L vs. JEPI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREJ.L achieves a 15.17% return, which is significantly higher than JEPI.L's 2.77% return.
JREJ.L
- 1D
- -1.74%
- 1M
- -1.92%
- 6M
- 8.74%
- YTD
- 15.17%
- 1Y
- 33.48%
- 3Y*
- 17.38%
- 5Y*
- —
- 10Y*
- —
JEPI.L
- 1D
- 0.00%
- 1M
- 1.24%
- 6M
- 1.27%
- YTD
- 2.77%
- 1Y
- 9.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JREJ.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JREJ.L JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc) | 15.17% | 24.21% | 1.05% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 2.77% | 8.11% | -0.36% |
Correlation
The correlation between JREJ.L and JEPI.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.44 |
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Return for Risk
JREJ.L vs. JEPI.L — Risk / Return Rank
JREJ.L
JEPI.L
JREJ.L vs. JEPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREJ.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.
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.
| JREJ.L | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.52 | +1.23 |
| Martin ratioReturn relative to average drawdown | 8.78 | 4.10 | +4.68 |
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Drawdowns
JREJ.L vs. JEPI.L - Drawdown Comparison
The maximum JREJ.L drawdown since its inception was -20.61%, 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 JREJ.L and JEPI.L.
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Drawdown Indicators
| JREJ.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -14.36% | -6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -6.29% | -5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | — | — |
Current DrawdownCurrent decline from peak | -5.23% | -1.99% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -2.48% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.34% | +1.47% |
Volatility
JREJ.L vs. JEPI.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREJ.L) has a higher volatility of 6.97% compared to JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) at 2.55%. This indicates that JREJ.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
| JREJ.L | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 2.55% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.87% | 6.66% | +11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 8.47% | +13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 11.65% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 11.65% | +6.89% |
Dividends
JREJ.L vs. JEPI.L - Dividend Comparison
JREJ.L has not paid dividends to shareholders, while JEPI.L's dividend yield for the trailing twelve months is around 7.70%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 7.70% | 7.08% | 0.62% |
JREJ.L JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JREJ.L and JEPI.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JREJ.L is categorized as Japan Equities, while JEPI.L is Derivative Income.
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