MSFI.L vs. JEQP.L

Last updated Jun 5, 2026

MSFI.L (IncomeShares Microsoft (MSFT) Options ETP GBP) and JEQP.L (JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP) are both exchange-traded funds - MSFI.L is a Derivative Income fund actively managed by Leverage Shares, while JEQP.L is a Nasdaq-100 fund actively managed by JPMorgan. Both are actively managed. Over the past year, MSFI.L returned -17.69% vs 29.62% for JEQP.L. A 0.55 correlation means they provide meaningful diversification when combined. MSFI.L charges 0.55%/yr vs 0.35%/yr for JEQP.L.

Performance

MSFI.L vs. JEQP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) and JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFI.L achieves a -23.11% return, which is significantly lower than JEQP.L's 8.97% return.

MSFI.L

• 1D: 0.36%
• 1M: -0.54%
• YTD: -23.11%
• 6M: -21.41%
• 1Y: -17.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEQP.L

• 1D: -0.35%
• 1M: 4.81%
• YTD: 8.97%
• 6M: 9.21%
• 1Y: 29.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSFI.L vs. JEQP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP	-23.11%	3.55%	4.97%
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP	8.97%	6.58%	5.67%

Correlation

The correlation between MSFI.L and JEQP.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024	0.55

The correlation between MSFI.L and JEQP.L has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.

Return for Risk

MSFI.L vs. JEQP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFI.L

MSFI.L Risk / Return Rank: 4
MSFI.L Sharpe Ratio Rank: 3
MSFI.L Sortino Ratio Rank: 3
MSFI.L Omega Ratio Rank: 3
MSFI.L Calmar Ratio Rank: 5
MSFI.L Martin Ratio Rank: 5

JEQP.L

JEQP.L Risk / Return Rank: 84
JEQP.L Sharpe Ratio Rank: 82
JEQP.L Sortino Ratio Rank: 80
JEQP.L Omega Ratio Rank: 83
JEQP.L Calmar Ratio Rank: 89
JEQP.L Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSFI.L vs. JEQP.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 JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.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	JEQP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	2.63	-3.40
Sortino ratio: Return per unit of downside risk	-0.91	3.53	-4.44
Omega ratio: Gain probability vs. loss probability	0.88	1.50	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.51	5.23	-5.74
Martin ratio: Return relative to average drawdown	-0.98	19.59	-20.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFI.L vs. JEQP.L - Sharpe Ratio Comparison

The current MSFI.L Sharpe Ratio is -0.77, which is lower than the JEQP.L Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of MSFI.L and JEQP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSFI.L	JEQP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	2.63	-3.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.94	-1.34

Drawdowns

MSFI.L vs. JEQP.L - Drawdown Comparison

The maximum MSFI.L drawdown since its inception was -34.29%, which is greater than JEQP.L's maximum drawdown of -22.00%. Use the drawdown chart below to compare losses from any high point for MSFI.L and JEQP.L.

Drawdown Indicators

	MSFI.L	JEQP.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.29%	-22.00%	-12.29%
Max Drawdown (1Y) Largest decline over 1 year	-34.29%	-5.64%	-28.65%
Current Drawdown Current decline from peak	-30.42%	-0.35%	-30.07%
Average Drawdown Average peak-to-trough decline	-11.43%	-4.92%	-6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.96%	1.51%	+16.45%

Volatility

MSFI.L vs. JEQP.L - Volatility Comparison

IncomeShares Microsoft (MSFT) Options ETP GBP (MSFI.L) has a higher volatility of 8.90% compared to JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) at 1.57%. This indicates that MSFI.L's price experiences larger fluctuations and is considered to be riskier than JEQP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFI.L	JEQP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.90%	1.57%	+7.33%
Volatility (6M) Calculated over the trailing 6-month period	19.89%	7.83%	+12.06%
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	11.20%	+11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.21%	14.88%	+8.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	14.88%	+8.33%

MSFI.L vs. JEQP.L - Expense Ratio Comparison

MSFI.L has a 0.55% expense ratio, which is higher than JEQP.L's 0.35% expense ratio.

Dividends

MSFI.L vs. JEQP.L - Dividend Comparison

MSFI.L's dividend yield for the trailing twelve months is around 9.47%, less than JEQP.L's 10.21% yield.

Position	TTM	2025	2024
JEQP.L JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP	10.21%	10.04%	0.73%
MSFI.L IncomeShares Microsoft (MSFT) Options ETP GBP	9.47%	6.96%	1.18%

Frequently Asked Questions

Can I hold both MSFI.L and JEQP.L in my portfolio?

MSFI.L and JEQP.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFI.L or JEQP.L?

On fees, JEQP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFI.L or JEQP.L?

JEQP.L is cheaper with a 0.35% expense ratio, compared with 0.55% for MSFI.L.

What is the main difference between MSFI.L and JEQP.L?

MSFI.L is categorized as Derivative Income, while JEQP.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 JEQP.L.