TSLD.L vs. JEPQ

Last updated Jun 5, 2026

TSLD.L (IncomeShares Tesla TSLA Options ETP GBP) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - TSLD.L is a Derivative Income fund actively managed by Leverage Shares, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. TSLD.L is actively managed, while JEPQ is passively managed. Over the past year, TSLD.L returned 30.24% vs 27.35% for JEPQ. At a 0.31 correlation, their price movements are largely independent. TSLD.L charges 0.55%/yr vs 0.35%/yr for JEPQ.

Performance

TSLD.L vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSLD.L is traded in GBp, while JEPQ is traded in USD. To make them comparable, the JEPQ values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSLD.L achieves a -18.68% return, which is significantly lower than JEPQ's 7.19% return.

TSLD.L

• 1D: -2.50%
• 1M: 3.59%
• YTD: -18.68%
• 6M: -18.46%
• 1Y: 30.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEPQ

• 1D: -2.40%
• 1M: 1.98%
• YTD: 7.19%
• 6M: 5.82%
• 1Y: 27.35%
• 3Y*: 16.75%
• 5Y*: —
• 10Y*: —

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

TSLD.L vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLD.L IncomeShares Tesla TSLA Options ETP GBP	-18.68%	23.54%	18.96%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.19%	6.97%	12.06%

Correlation

The correlation between TSLD.L and JEPQ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	0.31

Return for Risk

TSLD.L vs. JEPQ — Risk / Return Rank

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

TSLD.L

TSLD.L Risk / Return Rank: 20
TSLD.L Sharpe Ratio Rank: 21
TSLD.L Sortino Ratio Rank: 22
TSLD.L Omega Ratio Rank: 22
TSLD.L Calmar Ratio Rank: 19
TSLD.L Martin Ratio Rank: 18

JEPQ

JEPQ Risk / Return Rank: 65
JEPQ Sharpe Ratio Rank: 64
JEPQ Sortino Ratio Rank: 58
JEPQ Omega Ratio Rank: 71
JEPQ Calmar Ratio Rank: 59
JEPQ Martin Ratio Rank: 75

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.

TSLD.L vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) 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.

	TSLD.L	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.31	-1.63
Sortino ratio: Return per unit of downside risk	1.13	2.96	-1.83
Omega ratio: Gain probability vs. loss probability	1.14	1.45	-0.31
Calmar ratio: Return relative to maximum drawdown	0.77	4.55	-3.78
Martin ratio: Return relative to average drawdown	1.78	18.25	-16.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLD.L vs. JEPQ - Sharpe Ratio Comparison

The current TSLD.L Sharpe Ratio is 0.69, which is lower than the JEPQ Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of TSLD.L 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.

Sharpe Ratios by Period

	TSLD.L	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	2.31	-1.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.89	-0.66

Drawdowns

TSLD.L vs. JEPQ - Drawdown Comparison

The maximum TSLD.L drawdown since its inception was -43.95%, which is greater than JEPQ's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for TSLD.L and JEPQ.

Drawdown Indicators

	TSLD.L	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-22.33%	-21.62%
Max Drawdown (1Y) Largest decline over 1 year	-33.41%	-6.04%	-27.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.33%	—
Current Drawdown Current decline from peak	-23.75%	-2.55%	-21.20%
Average Drawdown Average peak-to-trough decline	-15.81%	-4.07%	-11.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.37%	1.50%	+12.87%

Volatility

TSLD.L vs. JEPQ - Volatility Comparison

IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) has a higher volatility of 10.73% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.14%. This indicates that TSLD.L's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLD.L	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.73%	3.14%	+7.59%
Volatility (6M) Calculated over the trailing 6-month period	24.40%	8.65%	+15.75%
Volatility (1Y) Calculated over the trailing 1-year period	37.66%	11.90%	+25.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.73%	15.96%	+26.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.73%	15.96%	+26.77%

TSLD.L vs. JEPQ - Expense Ratio Comparison

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

Dividends

TSLD.L vs. JEPQ - Dividend Comparison

TSLD.L's dividend yield for the trailing twelve months is around 49.60%, more than JEPQ's 10.39% yield.

Position	TTM	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.39%	10.53%	9.65%	10.03%	9.44%
TSLD.L IncomeShares Tesla TSLA Options ETP GBP	49.60%	70.00%	16.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLD.L and JEPQ in my portfolio?

TSLD.L and JEPQ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLD.L or JEPQ?

On fees, JEPQ 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, TSLD.L or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.55% for TSLD.L.

What is the main difference between TSLD.L and JEPQ?

TSLD.L is categorized as Derivative Income, while JEPQ is Nasdaq-100. They also come from different issuers: Leverage Shares and JPMorgan. Their fees differ too: 0.55% for TSLD.L and 0.35% for JEPQ.