CBFSX vs. JEPAX

Last updated Jun 4, 2026

CBFSX (JPMorgan Corporate Bond Fund) and JEPAX (JPMorgan Equity Premium Income Fund Class A) are both mutual funds - CBFSX is a Corporate Bonds fund managed by JPMorgan, while JEPAX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, CBFSX returned 0.75%/yr vs 6.87%/yr for JEPAX. At a 0.15 correlation, their price movements are largely independent. CBFSX charges 0.50%/yr vs 0.85%/yr for JEPAX.

Performance

CBFSX vs. JEPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Corporate Bond Fund (CBFSX) and JPMorgan Equity Premium Income Fund Class A (JEPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBFSX achieves a 0.29% return, which is significantly higher than JEPAX's -0.08% return.

CBFSX

• 1D: 0.12%
• 1M: 1.01%
• YTD: 0.29%
• 6M: 0.02%
• 1Y: 5.97%
• 3Y*: 5.40%
• 5Y*: 0.75%
• 10Y*: 2.88%

JEPAX

• 1D: 0.07%
• 1M: -1.67%
• YTD: -0.08%
• 6M: 0.19%
• 1Y: 7.24%
• 3Y*: 8.38%
• 5Y*: 6.87%
• 10Y*: —

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

CBFSX vs. JEPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CBFSX JPMorgan Corporate Bond Fund	0.29%	7.45%	2.71%	9.20%	-16.06%	-0.77%	10.23%	8.93%
JEPAX JPMorgan Equity Premium Income Fund Class A	-0.08%	7.55%	12.07%	9.42%	-4.05%	19.13%	5.75%	7.45%

Correlation

The correlation between CBFSX and JEPAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019	0.15

The correlation between CBFSX and JEPAX shifts across timeframes, from 0.15 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CBFSX vs. JEPAX — Risk / Return Rank

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

CBFSX

CBFSX Risk / Return Rank: 23
CBFSX Sharpe Ratio Rank: 25
CBFSX Sortino Ratio Rank: 25
CBFSX Omega Ratio Rank: 24
CBFSX Calmar Ratio Rank: 22
CBFSX Martin Ratio Rank: 20

JEPAX

JEPAX Risk / Return Rank: 11
JEPAX Sharpe Ratio Rank: 11
JEPAX Sortino Ratio Rank: 12
JEPAX Omega Ratio Rank: 11
JEPAX Calmar Ratio Rank: 10
JEPAX Martin Ratio Rank: 11

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.

CBFSX vs. JEPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Corporate Bond Fund (CBFSX) and JPMorgan Equity Premium Income Fund Class A (JEPAX). 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.

	CBFSX	JEPAX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.86	+0.57
Sortino ratio: Return per unit of downside risk	2.09	1.36	+0.73
Omega ratio: Gain probability vs. loss probability	1.25	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	1.75	1.00	+0.75
Martin ratio: Return relative to average drawdown	5.29	3.29	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBFSX vs. JEPAX - Sharpe Ratio Comparison

The current CBFSX Sharpe Ratio is 1.43, which is higher than the JEPAX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of CBFSX and JEPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CBFSX	JEPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	0.86	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.60	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.52	+0.01

Drawdowns

CBFSX vs. JEPAX - Drawdown Comparison

The maximum CBFSX drawdown since its inception was -22.42%, smaller than the maximum JEPAX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for CBFSX and JEPAX.

Drawdown Indicators

	CBFSX	JEPAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	-32.69%	+10.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-7.41%	+3.92%
Max Drawdown (3Y) Largest decline over 3 years	-6.62%	-13.43%	+6.81%
Max Drawdown (5Y) Largest decline over 5 years	-22.42%	-13.74%	-8.68%
Max Drawdown (10Y) Largest decline over 10 years	-22.42%	—	—
Current Drawdown Current decline from peak	-1.50%	-5.15%	+3.65%
Average Drawdown Average peak-to-trough decline	-4.36%	-3.08%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	2.25%	-1.10%

Volatility

CBFSX vs. JEPAX - Volatility Comparison

JPMorgan Corporate Bond Fund (CBFSX) and JPMorgan Equity Premium Income Fund Class A (JEPAX) have volatilities of 1.47% and 1.51%, 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.

Volatility by Period

	CBFSX	JEPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.51%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.14%	6.85%	-3.71%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	8.60%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.64%	11.48%	-4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.00%	14.93%	-8.93%

CBFSX vs. JEPAX - Expense Ratio Comparison

CBFSX has a 0.50% expense ratio, which is lower than JEPAX's 0.85% expense ratio.

Dividends

CBFSX vs. JEPAX - Dividend Comparison

CBFSX's dividend yield for the trailing twelve months is around 4.53%, less than JEPAX's 7.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBFSX JPMorgan Corporate Bond Fund	4.53%	4.54%	4.99%	4.18%	4.06%	7.96%	3.74%	3.14%	4.55%	6.78%	3.11%	3.11%
JEPAX JPMorgan Equity Premium Income Fund Class A	7.91%	7.88%	6.95%	8.19%	11.98%	5.96%	11.35%	5.61%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBFSX and JEPAX in my portfolio?

CBFSX and JEPAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBFSX or JEPAX?

JEPAX has higher volatility (1.51%) compared to CBFSX (1.47%). In terms of maximum drawdown, CBFSX dropped -22.42% vs JEPAX's -32.69%.

Which has better risk-adjusted returns?

CBFSX currently has the higher Sharpe Ratio (1.43 vs 0.86), 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.