AVEDX vs. JEPIX
AVEDX (Ave Maria Rising Dividend Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - AVEDX is a Large Cap Blend Equities fund managed by Ave Maria, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Over the past 5 years, AVEDX returned 8.53%/yr vs 7.00%/yr for JEPIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. AVEDX charges 0.90%/yr vs 0.59%/yr for JEPIX.
Performance
AVEDX vs. JEPIX - Performance Comparison
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Returns By Period
In the year-to-date period, AVEDX achieves a 3.83% return, which is significantly higher than JEPIX's 3.44% return.
AVEDX
- 1D
- -0.72%
- 1M
- 0.82%
- 6M
- -0.92%
- YTD
- 3.83%
- 1Y
- 1.41%
- 3Y*
- 7.44%
- 5Y*
- 8.53%
- 10Y*
- 10.75%
- ALL TIME*
- 9.77%
JEPIX
- 1D
- 0.57%
- 1M
- 0.28%
- 6M
- 1.04%
- YTD
- 3.44%
- 1Y
- 9.85%
- 3Y*
- 8.69%
- 5Y*
- 7.00%
- 10Y*
- —
- ALL TIME*
- 7.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AVEDX vs. JEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 3.83% | -0.43% | 14.36% | 26.37% | -5.18% | 25.31% | 6.46% | 27.56% | -11.77% |
JEPIX JPMorgan Equity Premium Income Fund Class I | 3.44% | 7.82% | 12.43% | 9.68% | -3.81% | 19.36% | 6.02% | 16.44% | -9.93% |
Correlation
The correlation between AVEDX and JEPIX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.80 |
The correlation between AVEDX and JEPIX has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
AVEDX vs. JEPIX — Risk / Return Rank
AVEDX
JEPIX
AVEDX vs. JEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Rising Dividend Fund (AVEDX) and JPMorgan Equity Premium Income Fund Class I (JEPIX). 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.
| AVEDX | JEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.21 | -1.26 |
| Martin ratioReturn relative to average drawdown | -0.10 | 3.43 | -3.53 |
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Drawdowns
AVEDX vs. JEPIX - Drawdown Comparison
The maximum AVEDX drawdown since its inception was -47.25%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for AVEDX and JEPIX.
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Drawdown Indicators
| AVEDX | JEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.25% | -32.63% | -14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -7.41% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -13.42% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -13.67% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -5.88% | -1.78% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -3.21% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 2.60% | +2.96% |
Volatility
AVEDX vs. JEPIX - Volatility Comparison
Ave Maria Rising Dividend Fund (AVEDX) has a higher volatility of 3.71% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 2.40%. This indicates that AVEDX's price experiences larger fluctuations and is considered to be riskier than JEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVEDX | JEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 2.40% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 7.08% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 8.85% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 11.49% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 14.65% | +3.32% |
AVEDX vs. JEPIX - Expense Ratio Comparison
AVEDX has a 0.90% expense ratio, which is higher than JEPIX's 0.59% expense ratio.
Dividends
AVEDX vs. JEPIX - Dividend Comparison
AVEDX's dividend yield for the trailing twelve months is around 5.38%, less than JEPIX's 7.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEDX Ave Maria Rising Dividend Fund | 5.38% | 5.49% | 6.43% | 12.61% | 7.94% | 10.53% | 2.60% | 8.03% | 10.88% | 6.32% | 6.95% | 7.11% |
JEPIX JPMorgan Equity Premium Income Fund Class I | 7.31% | 8.12% | 7.20% | 8.42% | 12.24% | 6.15% | 11.59% | 3.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVEDX and JEPIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVEDX has higher volatility (3.71%) compared to JEPIX (2.40%). In terms of maximum drawdown, AVEDX dropped -47.25% vs JEPIX's -32.63%.
JEPIX currently has the higher Sharpe Ratio (1.01 vs -0.05), 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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