AMECX vs. JEPI
AMECX (American Funds The Income Fund of America Class A) and JEPI (JPMorgan Equity Premium Income ETF) are both funds - AMECX is a Diversified Portfolio fund managed by American Funds, while JEPI is a Dividend fund actively managed by JPMorgan. Over the past 5 years, AMECX returned 8.08%/yr vs 7.73%/yr for JEPI. Their correlation of 0.82 suggests significant overlap in exposure. AMECX charges 0.56%/yr vs 0.35%/yr for JEPI.
Performance
AMECX vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, AMECX achieves a 5.48% return, which is significantly higher than JEPI's 1.40% return.
AMECX
- 1D
- -0.40%
- 1M
- -0.52%
- YTD
- 5.48%
- 6M
- 6.05%
- 1Y
- 14.23%
- 3Y*
- 12.78%
- 5Y*
- 8.08%
- 10Y*
- 8.39%
JEPI
- 1D
- 0.20%
- 1M
- 0.56%
- YTD
- 1.40%
- 6M
- 1.62%
- 1Y
- 9.04%
- 3Y*
- 9.01%
- 5Y*
- 7.73%
- 10Y*
- —
AMECX vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 5.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 17.59% |
JEPI JPMorgan Equity Premium Income ETF | 1.40% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between AMECX and JEPI is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.82 |
The correlation between AMECX and JEPI has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
AMECX vs. JEPI — Risk / Return Rank
AMECX
JEPI
AMECX vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Income Fund of America Class A (AMECX) 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.
| AMECX | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.36 | +0.97 |
| Martin ratioReturn relative to average drawdown | 8.61 | 4.06 | +4.55 |
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Drawdowns
AMECX vs. JEPI - Drawdown Comparison
The maximum AMECX drawdown since its inception was -41.92%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for AMECX and JEPI.
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Drawdown Indicators
| AMECX | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -13.71% | -28.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.68% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.58% | -13.26% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.78% | -13.71% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -26.13% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -3.64% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -2.13% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.23% | -0.57% |
Volatility
AMECX vs. JEPI - Volatility Comparison
American Funds The Income Fund of America Class A (AMECX) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 2.30% and 2.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMECX | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.35% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 6.30% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 8.03% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 11.09% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 10.79% | -0.10% |
AMECX vs. JEPI - Expense Ratio Comparison
AMECX has a 0.56% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
AMECX vs. JEPI - Dividend Comparison
AMECX's dividend yield for the trailing twelve months is around 9.55%, more than JEPI's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 9.55% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
JEPI JPMorgan Equity Premium Income ETF | 8.17% | 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
AMECX and JEPI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (2.35%) compared to AMECX (2.30%). In terms of maximum drawdown, AMECX dropped -41.92% vs JEPI's -13.71%.
AMECX currently has the higher Sharpe Ratio (1.93 vs 1.13), 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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