BMPEX vs. JEPIX

Last updated Jul 14, 2026

BMPEX (Beck, Mack & Oliver Partners Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - BMPEX is a Large Cap Blend Equities fund managed by Beck, Mack & Oliver, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Over the past 5 years, BMPEX returned 7.27%/yr vs 7.23%/yr for JEPIX. A 0.69 correlation means they provide meaningful diversification when combined. BMPEX charges 1.00%/yr vs 0.59%/yr for JEPIX.

Performance

BMPEX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beck, Mack & Oliver Partners Fund (BMPEX) and JPMorgan Equity Premium Income Fund Class I (JEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMPEX achieves a -2.75% return, which is significantly lower than JEPIX's 3.00% return.

BMPEX

• 1D: 0.33%
• 1M: 2.41%
• 6M: -5.26%
• YTD: -2.75%
• 1Y: 1.57%
• 3Y*: 11.90%
• 5Y*: 7.27%
• 10Y*: 11.42%

JEPIX

• 1D: 0.14%
• 1M: 1.94%
• 6M: 1.37%
• YTD: 3.00%
• 1Y: 8.21%
• 3Y*: 9.13%
• 5Y*: 7.23%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMPEX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BMPEX Beck, Mack & Oliver Partners Fund	-2.75%	5.42%	21.45%	32.28%	-21.11%	53.67%	5.06%	32.35%	-22.94%
JEPIX JPMorgan Equity Premium Income Fund Class I	3.00%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between BMPEX and JEPIX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.69

The correlation between BMPEX and JEPIX has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

BMPEX vs. JEPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMPEX

BMPEX Risk / Return Rank: 4
BMPEX Sharpe Ratio Rank: 4
BMPEX Sortino Ratio Rank: 4
BMPEX Omega Ratio Rank: 4
BMPEX Calmar Ratio Rank: 4
BMPEX Martin Ratio Rank: 4

JEPIX

JEPIX Risk / Return Rank: 18
JEPIX Sharpe Ratio Rank: 18
JEPIX Sortino Ratio Rank: 20
JEPIX Omega Ratio Rank: 19
JEPIX Calmar Ratio Rank: 16
JEPIX Martin Ratio Rank: 16

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.

BMPEX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beck, Mack & Oliver Partners Fund (BMPEX) 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.

	BMPEX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.03	0.90	-0.87
Sortino ratio: Return per unit of downside risk	0.16	1.41	-1.25
Omega ratio: Gain probability vs. loss probability	1.02	1.17	-0.15
Calmar ratio: Return relative to maximum drawdown	0.03	1.06	-1.03
Martin ratio: Return relative to average drawdown	0.07	3.08	-3.01

BMPEX vs. JEPIX - Sharpe Ratio Comparison

The current BMPEX Sharpe Ratio is 0.03, which is lower than the JEPIX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of BMPEX and JEPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMPEX vs. JEPIX - Drawdown Comparison

The maximum BMPEX drawdown since its inception was -42.17%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for BMPEX and JEPIX.

Drawdown Indicators

	BMPEX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.17%	-32.63%	-9.54%
Max Drawdown (1Y) Largest decline over 1 year	-17.81%	-7.41%	-10.40%
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	-13.42%	-9.11%
Max Drawdown (5Y) Largest decline over 5 years	-29.46%	-13.67%	-15.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.17%	—	—
Current Drawdown Current decline from peak	-6.23%	-2.19%	-4.04%
Average Drawdown Average peak-to-trough decline	-8.21%	-3.21%	-5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.33%	2.55%	+4.78%

Volatility

BMPEX vs. JEPIX - Volatility Comparison

Beck, Mack & Oliver Partners Fund (BMPEX) has a higher volatility of 4.47% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 2.49%. This indicates that BMPEX'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.

Volatility by Period

	BMPEX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	2.49%	+1.98%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	7.04%	+5.74%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	8.70%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.63%	11.47%	+8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	14.68%	+6.41%

BMPEX vs. JEPIX - Expense Ratio Comparison

BMPEX has a 1.00% expense ratio, which is higher than JEPIX's 0.59% expense ratio.

Dividends

BMPEX vs. JEPIX - Dividend Comparison

BMPEX has not paid dividends to shareholders, while JEPIX's dividend yield for the trailing twelve months is around 7.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMPEX Beck, Mack & Oliver Partners Fund	0.00%	0.00%	0.00%	0.03%	0.04%	0.00%	0.59%	0.43%	0.00%	0.09%	1.04%	21.71%
JEPIX JPMorgan Equity Premium Income Fund Class I	7.97%	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

Can I hold both BMPEX and JEPIX in my portfolio?

BMPEX and JEPIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMPEX or JEPIX?

BMPEX has higher volatility (4.47%) compared to JEPIX (2.49%). In terms of maximum drawdown, BMPEX dropped -42.17% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

JEPIX currently has the higher Sharpe Ratio (0.90 vs 0.03), 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.