MSFI.L vs. JEPQ.L
MSFI.L (IncomeShares Microsoft (MSFT) Options ETP GBP) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - MSFI.L is a Derivative Income fund actively managed by Leverage Shares, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, MSFI.L returned -17.69% vs 30.14% for JEPQ.L. A 0.52 correlation means they provide meaningful diversification when combined. MSFI.L charges 0.55%/yr vs 0.35%/yr for JEPQ.L.
Performance
MSFI.L vs. JEPQ.L - Performance Comparison
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Different Trading Currencies
MSFI.L is traded in GBp, while JEPQ.L is traded in USD. To make them comparable, the JEPQ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MSFI.L achieves a -23.11% return, which is significantly lower than JEPQ.L's 9.19% return.
MSFI.L
- 1D
- 0.36%
- 1M
- -0.54%
- YTD
- -23.11%
- 6M
- -21.41%
- 1Y
- -17.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ.L
- 1D
- -0.84%
- 1M
- 4.61%
- YTD
- 9.19%
- 6M
- 9.47%
- 1Y
- 30.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFI.L vs. JEPQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP | -23.11% | 3.55% | 4.97% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 9.19% | 6.60% | 5.90% |
Correlation
The correlation between MSFI.L and JEPQ.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.52 |
The correlation between MSFI.L and JEPQ.L shifts across timeframes, from 0.41 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSFI.L vs. JEPQ.L — Risk / Return Rank
MSFI.L
JEPQ.L
MSFI.L vs. JEPQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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.
| MSFI.L | JEPQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.46 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 5.39 | -5.90 |
| Martin ratioReturn relative to average drawdown | -0.98 | 19.22 | -20.20 |
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
| MSFI.L | JEPQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 2.44 | -3.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 0.89 | -1.29 |
Drawdowns
MSFI.L vs. JEPQ.L - Drawdown Comparison
The maximum MSFI.L drawdown since its inception was -34.29%, which is greater than JEPQ.L's maximum drawdown of -22.11%. Use the drawdown chart below to compare losses from any high point for MSFI.L and JEPQ.L.
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Drawdown Indicators
| MSFI.L | JEPQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -22.11% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -34.29% | -5.57% | -28.72% |
Current DrawdownCurrent decline from peak | -30.42% | -0.84% | -29.58% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -4.77% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.96% | 1.56% | +16.40% |
Volatility
MSFI.L vs. JEPQ.L - Volatility Comparison
IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) has a higher volatility of 8.90% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) at 2.85%. This indicates that MSFI.L's price experiences larger fluctuations and is considered to be riskier than JEPQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFI.L | JEPQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 2.85% | +6.05% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 8.95% | +10.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 12.29% | +10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.21% | 16.03% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 16.03% | +7.18% |
MSFI.L vs. JEPQ.L - Expense Ratio Comparison
MSFI.L has a 0.55% expense ratio, which is higher than JEPQ.L's 0.35% expense ratio.
Dividends
MSFI.L vs. JEPQ.L - Dividend Comparison
MSFI.L's dividend yield for the trailing twelve months is around 9.47%, less than JEPQ.L's 10.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.20% | 10.06% | 0.74% |
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP | 9.47% | 6.96% | 1.18% |
Frequently Asked Questions
MSFI.L and JEPQ.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ.L is cheaper with a 0.35% expense ratio, compared with 0.55% for MSFI.L.
MSFI.L is categorized as Derivative Income, while JEPQ.L is Nasdaq-100. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for MSFI.L and 0.35% for JEPQ.L.
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