SPYO.L vs. JEPG.L
SPYO.L (IncomeShares S&P500 Options (0DTE) ETP GBP) and JEPG.L (JPM Global Equity Premium Income Active UCITS ETF USD (dist)) are both Derivative Income funds. Both are actively managed. Over the past year, SPYO.L returned 13.21% vs 6.80% for JEPG.L. At a 0.24 correlation, their price movements are largely independent. SPYO.L charges 0.45%/yr vs 0.35%/yr for JEPG.L.
Performance
SPYO.L vs. JEPG.L - Performance Comparison
Loading charts...
Different Trading Currencies
SPYO.L is traded in GBp, while JEPG.L is traded in USD. To make them comparable, the JEPG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYO.L achieves a -4.51% return, which is significantly lower than JEPG.L's 0.51% return.
SPYO.L
- 1D
- 0.00%
- 1M
- -0.46%
- YTD
- -4.51%
- 6M
- -4.28%
- 1Y
- 13.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPG.L
- 1D
- 0.86%
- 1M
- 1.63%
- YTD
- 0.51%
- 6M
- 1.25%
- 1Y
- 6.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYO.L vs. JEPG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYO.L IncomeShares S&P500 Options (0DTE) ETP GBP | -4.51% | 11.82% | 7,429.94% |
JEPG.L JPM Global Equity Premium Income Active UCITS ETF USD (dist) | 0.51% | 4.41% | 2.32% |
Correlation
The correlation between SPYO.L and JEPG.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2024 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYO.L vs. JEPG.L — Risk / Return Rank
SPYO.L
JEPG.L
SPYO.L vs. JEPG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) and JPM Global Equity Premium Income Active UCITS ETF USD (dist) (JEPG.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.
| SPYO.L | JEPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.77 | -0.38 |
| Martin ratioReturn relative to average drawdown | 0.60 | 1.95 | -1.35 |
Loading charts...
Drawdowns
SPYO.L vs. JEPG.L - Drawdown Comparison
The maximum SPYO.L drawdown since its inception was -33.74%, which is greater than JEPG.L's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for SPYO.L and JEPG.L.
Loading charts...
Drawdown Indicators
| SPYO.L | JEPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -8.78% | -24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -33.74% | -8.78% | -24.96% |
Current DrawdownCurrent decline from peak | -27.26% | -4.91% | -22.35% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -2.86% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.84% | 3.48% | +18.36% |
Volatility
SPYO.L vs. JEPG.L - Volatility Comparison
The current volatility for IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) is 3.42%, while JPM Global Equity Premium Income Active UCITS ETF USD (dist) (JEPG.L) has a volatility of 3.62%. This indicates that SPYO.L experiences smaller price fluctuations and is considered to be less risky than JEPG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYO.L | JEPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.62% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 7.74% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.21% | 10.24% | +32.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,544.29% | 11.40% | +5,532.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,544.29% | 11.40% | +5,532.89% |
SPYO.L vs. JEPG.L - Expense Ratio Comparison
SPYO.L has a 0.45% expense ratio, which is higher than JEPG.L's 0.35% expense ratio.
Dividends
SPYO.L vs. JEPG.L - Dividend Comparison
SPYO.L's dividend yield for the trailing twelve months is around 39.02%, more than JEPG.L's 8.26% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPG.L JPM Global Equity Premium Income Active UCITS ETF USD (dist) | 8.26% | 7.86% | 6.50% |
SPYO.L IncomeShares S&P500 Options (0DTE) ETP GBP | 39.02% | 88.09% | 2.75% |
Frequently Asked Questions
SPYO.L and JEPG.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPG.L is cheaper with a 0.35% expense ratio, compared with 0.45% for SPYO.L.
They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.45% for SPYO.L and 0.35% for JEPG.L.
Find the right allocation for SPYO.L and JEPG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer