JREU.L vs. JEPI.L
JREU.L (JPMorgan US 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 - JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while JEPI.L is a Derivative Income fund actively managed by JPMorgan. JREU.L is passively managed, while JEPI.L is actively managed. Over the past year, JREU.L returned 26.70% vs 8.15% for JEPI.L. A 0.63 correlation means they provide meaningful diversification when combined. JREU.L charges 0.20%/yr vs 0.35%/yr for JEPI.L.
Performance
JREU.L vs. JEPI.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREU.L achieves a 9.52% return, which is significantly higher than JEPI.L's 0.22% return.
JREU.L
- 1D
- -0.04%
- 1M
- 3.83%
- YTD
- 9.52%
- 6M
- 10.51%
- 1Y
- 26.70%
- 3Y*
- 21.59%
- 5Y*
- 13.65%
- 10Y*
- —
JEPI.L
- 1D
- 0.18%
- 1M
- 0.11%
- YTD
- 0.22%
- 6M
- 1.01%
- 1Y
- 8.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JREU.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.52% | 16.30% | 0.02% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 0.22% | 8.11% | -2.06% |
Correlation
The correlation between JREU.L and JEPI.L is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.63 |
The correlation between JREU.L and JEPI.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
JREU.L vs. JEPI.L — Risk / Return Rank
JREU.L
JEPI.L
JREU.L vs. JEPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.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.
| JREU.L | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.29 | +1.87 |
| Martin ratioReturn relative to average drawdown | 14.09 | 3.92 | +10.17 |
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
| JREU.L | JEPI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 0.99 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.33 | +0.56 |
Drawdowns
JREU.L vs. JEPI.L - Drawdown Comparison
The maximum JREU.L drawdown since its inception was -34.56%, 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 JREU.L and JEPI.L.
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Drawdown Indicators
| JREU.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -14.36% | -20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -6.29% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -4.43% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -2.47% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.08% | -0.19% |
Volatility
JREU.L vs. JEPI.L - Volatility Comparison
JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a higher volatility of 3.08% compared to JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) at 2.11%. This indicates that JREU.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
| JREU.L | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.11% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 6.36% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 8.20% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 11.81% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 11.81% | +6.04% |
JREU.L vs. JEPI.L - Expense Ratio Comparison
JREU.L has a 0.20% expense ratio, which is lower than JEPI.L's 0.35% expense ratio.
Dividends
JREU.L vs. JEPI.L - Dividend Comparison
JREU.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% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JREU.L and JEPI.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.L is cheaper with a 0.20% expense ratio, compared with 0.35% for JEPI.L.
JREU.L is categorized as Large Cap Blend Equities, while JEPI.L is Derivative Income. Their fees differ too: 0.20% for JREU.L and 0.35% for JEPI.L.
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