XYLP.L vs. JEGP.L
XYLP.L (Global X S&P 500 Covered Call UCITS ETF) and JEGP.L (JPM Global Equity Premium Income Active UCITS ETF - USD Dist) are both exchange-traded funds - XYLP.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while JEGP.L is a Global Equity Income fund actively managed by JPMorgan. XYLP.L is passively managed, while JEGP.L is actively managed. Over the past year, XYLP.L returned 16.17% vs 2.71% for JEGP.L. At a 0.36 correlation, their price movements are largely independent. XYLP.L charges 0.45%/yr vs 0.35%/yr for JEGP.L.
Performance
XYLP.L vs. JEGP.L - Performance Comparison
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Different Trading Currencies
XYLP.L is traded in GBP, while JEGP.L is traded in GBp. To make them comparable, the JEGP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XYLP.L achieves a 3.81% return, which is significantly higher than JEGP.L's -1.87% return.
XYLP.L
- 1D
- -0.97%
- 1M
- 2.04%
- YTD
- 3.81%
- 6M
- 4.04%
- 1Y
- 16.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEGP.L
- 1D
- 0.49%
- 1M
- 0.96%
- YTD
- -1.87%
- 6M
- -1.40%
- 1Y
- 2.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLP.L vs. JEGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 3.81% | -0.40% | 19.03% | 0.78% |
JEGP.L JPM Global Equity Premium Income Active UCITS ETF - USD Dist | -1.87% | 4.70% | 9.52% | 0.47% |
Correlation
The correlation between XYLP.L and JEGP.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023 | 0.36 |
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Return for Risk
XYLP.L vs. JEGP.L — Risk / Return Rank
XYLP.L
JEGP.L
XYLP.L vs. JEGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call UCITS ETF (XYLP.L) and JPM Global Equity Premium Income Active UCITS ETF - USD Dist (JEGP.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.
| XYLP.L | JEGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.05 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 0.25 | +3.45 |
| Martin ratioReturn relative to average drawdown | 12.01 | 0.75 | +11.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYLP.L | JEGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 0.28 | +1.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.54 | +0.29 |
Drawdowns
XYLP.L vs. JEGP.L - Drawdown Comparison
The maximum XYLP.L drawdown since its inception was -19.30%, which is greater than JEGP.L's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for XYLP.L and JEGP.L.
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Drawdown Indicators
| XYLP.L | JEGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.30% | -9.25% | -10.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -9.25% | +4.86% |
Current DrawdownCurrent decline from peak | -2.09% | -7.31% | +5.22% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -2.69% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 3.14% | -1.79% |
Volatility
XYLP.L vs. JEGP.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF (XYLP.L) is 2.43%, while JPM Global Equity Premium Income Active UCITS ETF - USD Dist (JEGP.L) has a volatility of 2.79%. This indicates that XYLP.L experiences smaller price fluctuations and is considered to be less risky than JEGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLP.L | JEGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 2.79% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.73% | 6.65% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 8.46% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 9.29% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.40% | 9.29% | +1.11% |
XYLP.L vs. JEGP.L - Expense Ratio Comparison
XYLP.L has a 0.45% expense ratio, which is higher than JEGP.L's 0.35% expense ratio.
Dividends
XYLP.L vs. JEGP.L - Dividend Comparison
XYLP.L's dividend yield for the trailing twelve months is around 7.79%, less than JEGP.L's 8.82% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEGP.L JPM Global Equity Premium Income Active UCITS ETF - USD Dist | 8.82% | 8.01% | 6.39% | 0.00% |
XYLP.L Global X S&P 500 Covered Call UCITS ETF | 7.79% | 9.76% | 6.22% | 3.98% |
Frequently Asked Questions
XYLP.L and JEGP.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEGP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEGP.L is cheaper with a 0.35% expense ratio, compared with 0.45% for XYLP.L.
XYLP.L is categorized as Derivative Income, while JEGP.L is Global Equity Income. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.45% for XYLP.L and 0.35% for JEGP.L.
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