TLTI.L vs. JEPE.L

Last updated Jul 18, 2026

TLTI.L (IncomeShares 20+ Year Treasury (TLT) Options ETP) and JEPE.L (JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)) are both Derivative Income funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. TLTI.L charges 0.55%/yr vs 0.35%/yr for JEPE.L.

Performance

TLTI.L vs. JEPE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TLTI.L is traded in USD, while JEPE.L is traded in EUR. To make them comparable, the JEPE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

TLTI.L

• 1D: -0.46%
• 1M: -2.42%
• 6M: -2.18%
• YTD: -1.11%
• 1Y: 1.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPE.L

• 1D: 0.00%
• 1M: 0.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTI.L vs. JEPE.L - Yearly Performance Comparison

	2026 (YTD)
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	-2.06%
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	2.60%

Correlation

The correlation between TLTI.L and JEPE.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 16, 2026	0.16

Return for Risk

TLTI.L vs. JEPE.L — Risk / Return Rank

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

TLTI.L

TLTI.L Risk / Return Rank: 14
TLTI.L Sharpe Ratio Rank: 11
TLTI.L Sortino Ratio Rank: 13
TLTI.L Omega Ratio Rank: 23
TLTI.L Calmar Ratio Rank: 11
TLTI.L Martin Ratio Rank: 10

JEPE.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TLTI.L vs. JEPE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.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.

	TLTI.L	JEPE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.06	—	—
Sortino ratio: Return per unit of downside risk	0.43	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.08	—	—
Martin ratio: Return relative to average drawdown	0.11	—	—

Drawdowns

TLTI.L vs. JEPE.L - Drawdown Comparison

The maximum TLTI.L drawdown since its inception was -30.03%, which is greater than JEPE.L's maximum drawdown of -10.49%. Use the drawdown chart below to compare losses from any high point for TLTI.L and JEPE.L.

Drawdown Indicators

	TLTI.L	JEPE.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.03%	-10.49%	-19.54%
Max Drawdown (1Y) Largest decline over 1 year	-30.03%	—	—
Current Drawdown Current decline from peak	-28.96%	-0.82%	-28.14%
Average Drawdown Average peak-to-trough decline	-19.51%	-3.09%	-16.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.24%	—	—

Volatility

Volatility by Period

	TLTI.L	JEPE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.10%	15.55%	+26.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9,800.84%	15.55%	+9,785.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9,800.84%	15.55%	+9,785.29%

TLTI.L vs. JEPE.L - Expense Ratio Comparison

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

Dividends

TLTI.L vs. JEPE.L - Dividend Comparison

TLTI.L's dividend yield for the trailing twelve months is around 10.39%, more than JEPE.L's 3.64% yield.

Position	TTM	2025
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	3.64%	0.00%
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	10.39%	2.73%

Frequently Asked Questions

Can I hold both TLTI.L and JEPE.L in my portfolio?

TLTI.L and JEPE.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.

Which ETF is better, TLTI.L or JEPE.L?

On fees, JEPE.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, TLTI.L or JEPE.L?

JEPE.L is cheaper with a 0.35% expense ratio, compared with 0.55% for TLTI.L.

What is the main difference between TLTI.L and JEPE.L?

They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for TLTI.L and 0.35% for JEPE.L.