SPICHA.SW vs. JEPQ

Last updated Jul 22, 2026

SPICHA.SW (UBS Core SPI ETF CHF dis) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - SPICHA.SW is a Europe Equities fund tracking the Swiss Performance Index (SPI), while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, SPICHA.SW returned 10.54%/yr vs 16.53%/yr for JEPQ. At a 0.21 correlation, their price movements are largely independent. SPICHA.SW charges 0.10%/yr vs 0.35%/yr for JEPQ.

Performance

SPICHA.SW vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in UBS Core SPI ETF CHF dis (SPICHA.SW) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPICHA.SW is traded in CHF, while JEPQ is traded in USD. To make them comparable, the JEPQ values have been converted to CHF using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPICHA.SW achieves a 9.82% return, which is significantly lower than JEPQ's 11.24% return.

SPICHA.SW

• 1D: 0.00%
• 1M: 2.88%
• 6M: 9.99%
• YTD: 9.82%
• 1Y: 19.78%
• 3Y*: 10.54%
• 5Y*: 5.26%
• 10Y*: 8.36%
• ALL TIME*: 8.68%

JEPQ

• 1D: 2.21%
• 1M: -0.69%
• 6M: 12.12%
• YTD: 11.24%
• 1Y: 23.27%
• 3Y*: 16.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.47%

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

SPICHA.SW vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPICHA.SW UBS Core SPI ETF CHF dis	9.82%	17.65%	6.05%	5.82%	-10.94%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.24%	0.64%	34.69%	24.08%	-15.54%

Correlation

The correlation between SPICHA.SW and JEPQ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.21

Return for Risk

SPICHA.SW vs. JEPQ — Risk / Return Rank

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

SPICHA.SW

SPICHA.SW Risk / Return Rank: 65
SPICHA.SW Sharpe Ratio Rank: 73
SPICHA.SW Sortino Ratio Rank: 74
SPICHA.SW Omega Ratio Rank: 74
SPICHA.SW Calmar Ratio Rank: 50
SPICHA.SW Martin Ratio Rank: 57

JEPQ

JEPQ Risk / Return Rank: 65
JEPQ Sharpe Ratio Rank: 61
JEPQ Sortino Ratio Rank: 58
JEPQ Omega Ratio Rank: 64
JEPQ Calmar Ratio Rank: 64
JEPQ Martin Ratio Rank: 79

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.

SPICHA.SW vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Core SPI ETF CHF dis (SPICHA.SW) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

	SPICHA.SW	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.53	+0.22
Sortino ratio: Return per unit of downside risk	2.52	2.07	+0.45
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.04
Calmar ratio: Return relative to maximum drawdown	1.90	2.96	-1.06
Martin ratio: Return relative to average drawdown	7.24	9.68	-2.44

SPICHA.SW vs. JEPQ - Sharpe Ratio Comparison

The current SPICHA.SW Sharpe Ratio is 1.76, which is comparable to the JEPQ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SPICHA.SW and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPICHA.SW vs. JEPQ - Drawdown Comparison

The maximum SPICHA.SW drawdown since its inception was -26.92%, roughly equal to the maximum JEPQ drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for SPICHA.SW and JEPQ.

Drawdown Indicators

	SPICHA.SW	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-26.92%	-25.69%	-1.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-7.89%	-2.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.90%	-25.69%	+9.79%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.92%	—	—
Current Drawdown Current decline from peak	-1.45%	-1.43%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.17%	-5.78%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.41%	+0.34%

Volatility

SPICHA.SW vs. JEPQ - Volatility Comparison

The current volatility for UBS Core SPI ETF CHF dis (SPICHA.SW) is 3.11%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 5.80%. This indicates that SPICHA.SW experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPICHA.SW	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	5.80%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	11.84%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	15.24%	-3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	18.54%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.77%	18.54%	-4.77%

SPICHA.SW vs. JEPQ - Expense Ratio Comparison

SPICHA.SW has a 0.10% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

SPICHA.SW vs. JEPQ - Dividend Comparison

SPICHA.SW's dividend yield for the trailing twelve months is around 2.45%, less than JEPQ's 10.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.50%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPICHA.SW UBS Core SPI ETF CHF dis	2.45%	2.64%	2.96%	2.94%	2.83%	2.26%	2.55%	2.60%	3.21%	2.62%	3.04%	2.87%

Frequently Asked Questions

Can I hold both SPICHA.SW and JEPQ in my portfolio?

SPICHA.SW and JEPQ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPICHA.SW or JEPQ?

On fees, SPICHA.SW is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPICHA.SW or JEPQ?

SPICHA.SW is cheaper with a 0.10% expense ratio, compared with 0.35% for JEPQ.

What is the main difference between SPICHA.SW and JEPQ?

SPICHA.SW is categorized as Europe Equities, while JEPQ is Nasdaq-100. SPICHA.SW tracks Swiss Performance Index (SPI), while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.10% for SPICHA.SW and 0.35% for JEPQ.