XYLU.L vs. JEPQ.L
XYLU.L (Global X S&P 500 Covered Call UCITS ETF USD) and JEPQ.L (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - XYLU.L is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite 15% WHT Index, while JEPQ.L is a Nasdaq-100 fund actively managed by JPMorgan. XYLU.L is passively managed, while JEPQ.L is actively managed. Over the past year, XYLU.L returned 15.69% vs 25.64% for JEPQ.L. A 0.69 correlation means they provide meaningful diversification when combined. XYLU.L charges 0.45%/yr vs 0.35%/yr for JEPQ.L.
Performance
XYLU.L vs. JEPQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, XYLU.L achieves a 3.69% return, which is significantly lower than JEPQ.L's 7.27% return.
XYLU.L
- 1D
- 0.00%
- 1M
- -0.89%
- YTD
- 3.69%
- 6M
- 5.21%
- 1Y
- 15.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEPQ.L
- 1D
- 2.15%
- 1M
- 1.07%
- YTD
- 7.27%
- 6M
- 9.24%
- 1Y
- 25.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYLU.L vs. JEPQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 3.69% | 7.85% | 5.02% |
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 7.27% | 14.79% | 3.73% |
Correlation
The correlation between XYLU.L and JEPQ.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.69 |
The correlation between XYLU.L and JEPQ.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
XYLU.L vs. JEPQ.L — Risk / Return Rank
XYLU.L
JEPQ.L
XYLU.L vs. JEPQ.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 USD (XYLU.L) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.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.
| XYLU.L | JEPQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.08 | -0.05 |
| Martin ratioReturn relative to average drawdown | 15.24 | 13.20 | +2.05 |
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Drawdowns
XYLU.L vs. JEPQ.L - Drawdown Comparison
The maximum XYLU.L drawdown since its inception was -17.20%, smaller than the maximum JEPQ.L drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for XYLU.L and JEPQ.L.
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Drawdown Indicators
| XYLU.L | JEPQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -20.08% | +2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.17% | -8.31% | +3.14% |
Current DrawdownCurrent decline from peak | -2.31% | -2.19% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -2.78% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.94% | -0.91% |
Volatility
XYLU.L vs. JEPQ.L - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call UCITS ETF USD (XYLU.L) is 2.21%, while JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEPQ.L) has a volatility of 3.59%. This indicates that XYLU.L experiences smaller price fluctuations and is considered to be less risky than JEPQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLU.L | JEPQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 3.59% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 9.44% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 12.37% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.39% | 16.26% | -5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.39% | 16.26% | -5.87% |
XYLU.L vs. JEPQ.L - Expense Ratio Comparison
XYLU.L has a 0.45% expense ratio, which is higher than JEPQ.L's 0.35% expense ratio.
Dividends
XYLU.L vs. JEPQ.L - Dividend Comparison
XYLU.L's dividend yield for the trailing twelve months is around 11.37%, more than JEPQ.L's 10.01% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEPQ.L JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 10.01% | 10.06% | 0.00% | 0.00% |
XYLU.L Global X S&P 500 Covered Call UCITS ETF USD | 11.37% | 10.48% | 7.24% | 3.88% |
Frequently Asked Questions
XYLU.L and JEPQ.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEPQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEPQ.L is cheaper with a 0.35% expense ratio, compared with 0.45% for XYLU.L.
XYLU.L is categorized as Derivative Income, while JEPQ.L is Nasdaq-100. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.45% for XYLU.L and 0.35% for JEPQ.L.
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