SPYY.L vs. JEPG.L
SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) 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, SPYY.L returned 9.17% vs 1.56% for JEPG.L. At a 0.19 correlation, their price movements are largely independent. SPYY.L charges 0.45%/yr vs 0.35%/yr for JEPG.L.
Performance
SPYY.L vs. JEPG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.L achieves a -6.45% return, which is significantly lower than JEPG.L's -2.36% return.
SPYY.L
- 1D
- 0.00%
- 1M
- -1.97%
- YTD
- -6.45%
- 6M
- -6.36%
- 1Y
- 9.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPG.L
- 1D
- 0.56%
- 1M
- -0.98%
- YTD
- -2.36%
- 6M
- -1.89%
- 1Y
- 1.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYY.L vs. JEPG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -6.45% | 19.98% | -5.55% |
JEPG.L JPM Global Equity Premium Income Active UCITS ETF USD (dist) | -2.36% | 12.42% | -2.45% |
Correlation
The correlation between SPYY.L and JEPG.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2024 | 0.19 |
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Return for Risk
SPYY.L vs. JEPG.L — Risk / Return Rank
SPYY.L
JEPG.L
SPYY.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 (SPYY.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.
| SPYY.L | JEPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.18 | +0.44 |
| Martin ratioReturn relative to average drawdown | 1.87 | 0.43 | +1.44 |
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Drawdowns
SPYY.L vs. JEPG.L - Drawdown Comparison
The maximum SPYY.L drawdown since its inception was -17.71%, which is greater than JEPG.L's maximum drawdown of -8.74%. Use the drawdown chart below to compare losses from any high point for SPYY.L and JEPG.L.
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Drawdown Indicators
| SPYY.L | JEPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -8.74% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -8.74% | -6.17% |
Current DrawdownCurrent decline from peak | -7.47% | -7.69% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -1.81% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.65% | +1.25% |
Volatility
SPYY.L vs. JEPG.L - Volatility Comparison
IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) has a higher volatility of 3.61% compared to JPM Global Equity Premium Income Active UCITS ETF USD (dist) (JEPG.L) at 3.24%. This indicates that SPYY.L's price experiences larger fluctuations and is considered to be riskier than JEPG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYY.L | JEPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 3.24% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 6.99% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 9.16% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 10.96% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.12% | 10.96% | +3.16% |
SPYY.L vs. JEPG.L - Expense Ratio Comparison
SPYY.L has a 0.45% expense ratio, which is higher than JEPG.L's 0.35% expense ratio.
Dividends
SPYY.L vs. JEPG.L - Dividend Comparison
SPYY.L's dividend yield for the trailing twelve months is around 39.72%, more than JEPG.L's 8.32% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPG.L JPM Global Equity Premium Income Active UCITS ETF USD (dist) | 8.32% | 7.86% | 6.50% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 39.72% | 85.69% | 2.84% |
Frequently Asked Questions
SPYY.L and JEPG.L have a correlation of 0.16, 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 SPYY.L.
They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.45% for SPYY.L and 0.35% for JEPG.L.
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