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AGDAX vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGDAX vs. JEPI

Last updated Jun 17, 2026

AGDAX (AB High Income Fund) and JEPI (JPMorgan Equity Premium Income ETF) are both funds - AGDAX is a High Yield Bonds fund managed by AllianceBernstein, while JEPI is a Dividend fund actively managed by JPMorgan. Over the past 5 years, AGDAX returned 3.68%/yr vs 7.73%/yr for JEPI. At a 0.41 correlation, their price movements are largely independent. AGDAX charges 0.84%/yr vs 0.35%/yr for JEPI.

Performance

AGDAX vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB High Income Fund (AGDAX) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AGDAX achieves a 2.07% return, which is significantly lower than JEPI's 2.21% return.

AGDAX

1D
0.29%
1M
1.00%
YTD
2.07%
6M
2.93%
1Y
7.51%
3Y*
8.73%
5Y*
3.68%
10Y*
4.66%

JEPI

1D
0.32%
1M
1.89%
YTD
2.21%
6M
2.47%
1Y
8.90%
3Y*
9.30%
5Y*
7.73%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGDAX vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
AGDAX
AB High Income Fund		2.07%8.06%7.36%13.63%-12.45%3.87%19.88%
JEPI
JPMorgan Equity Premium Income ETF		2.21%8.09%12.57%9.83%-3.49%21.52%18.39%

Correlation

The correlation between AGDAX and JEPI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.41

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AB High Income Fund

JPMorgan Equity Premium Income ETF

Often compared with AGDAX:
AGDAX vs. FNWFXAGDAX vs. SPYAGDAX vs. PDIAGDAX vs. SCHDAGDAX vs. FXAIXAGDAX vs. JEPQAGDAX vs. PBHAX
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOO

Return for Risk

AGDAX vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGDAX
AGDAX Risk / Return Rank: 8181
Overall Rank
AGDAX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
AGDAX Sortino Ratio Rank: 9191
Sortino Ratio Rank
AGDAX Omega Ratio Rank: 8787
Omega Ratio Rank
AGDAX Calmar Ratio Rank: 6565
Calmar Ratio Rank
AGDAX Martin Ratio Rank: 8181
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 3030
Overall Rank
JEPI Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 3131
Sortino Ratio Rank
JEPI Omega Ratio Rank: 3030
Omega Ratio Rank
JEPI Calmar Ratio Rank: 2828
Calmar Ratio Rank
JEPI Martin Ratio Rank: 2929
Martin Ratio Rank
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.

AGDAX vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB High Income Fund (AGDAX) and JPMorgan Equity Premium Income ETF (JEPI). 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.

AGDAXJEPIDifference
Sharpe ratioReturn per unit of total volatility
2.31
1.12

+1.19

Sortino ratioReturn per unit of downside risk
4.10
1.67

+2.43

Omega ratioGain probability vs. loss probability

1.54

1.21

+0.33

Calmar ratioReturn relative to maximum drawdown

2.79

1.34

+1.45

Martin ratioReturn relative to average drawdown

13.60

4.04

+9.56

AGDAX vs. JEPI - Sharpe Ratio Comparison

The current AGDAX Sharpe Ratio is 2.31, which is higher than the JEPI Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of AGDAX and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AGDAX vs. JEPI - Drawdown Comparison

The maximum AGDAX drawdown since its inception was -45.59%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for AGDAX and JEPI.

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Drawdown Indicators

AGDAXJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-45.59%

-13.71%

-31.88%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-6.68%

+3.92%

Max Drawdown (3Y)

Largest decline over 3 years

-4.24%

-13.26%

+9.02%

Max Drawdown (5Y)

Largest decline over 5 years

-16.96%

-13.71%

-3.25%

Max Drawdown (10Y)

Largest decline over 10 years

-25.82%

—

—

Current Drawdown

Current decline from peak

-0.00%

-2.87%

+2.87%

Average Drawdown

Average peak-to-trough decline

-4.46%

-2.13%

-2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

2.21%

-1.64%

Volatility

AGDAX vs. JEPI - Volatility Comparison

The current volatility for AB High Income Fund (AGDAX) is 1.01%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.12%. This indicates that AGDAX experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AGDAXJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.01%

2.12%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

2.62%

6.23%

-3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

3.34%

8.00%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.93%

11.08%

-6.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.65%

10.79%

-5.14%

AGDAX vs. JEPI - Expense Ratio Comparison

AGDAX has a 0.84% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

AGDAX vs. JEPI - Dividend Comparison

AGDAX's dividend yield for the trailing twelve months is around 6.68%, less than JEPI's 8.11% yield.

PositionTTM20252024202320222021202020192018201720162015
AGDAX
AB High Income Fund		6.68%6.85%5.89%6.53%6.79%4.95%5.86%6.27%7.47%5.84%6.25%7.42%
JEPI
JPMorgan Equity Premium Income ETF		8.11%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

AGDAX and JEPI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JEPI has higher volatility (2.12%) compared to AGDAX (1.01%). In terms of maximum drawdown, AGDAX dropped -45.59% vs JEPI's -13.71%.

AGDAX currently has the higher Sharpe Ratio (2.31 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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