GAOAX vs. JEPIX

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Global Allocation Fund A (GAOAX) and JPMorgan Equity Premium Income Fund Class I (JEPIX).

GAOAX is managed by JPMorgan. It was launched on May 31, 2011. JEPIX is managed by JPMorgan. It was launched on Aug 31, 2018.

Performance

GAOAX vs. JEPIX - Performance Comparison

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

GAOAX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GAOAX JPMorgan Global Allocation Fund A	-5.28%	14.68%	7.91%	12.69%	-18.74%	3.60%	15.29%	15.95%	-6.63%
JEPIX JPMorgan Equity Premium Income Fund Class I	-2.35%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Returns By Period

In the year-to-date period, GAOAX achieves a -5.28% return, which is significantly lower than JEPIX's -2.35% return.

GAOAX

• 1D: -0.10%
• 1M: -8.53%
• YTD: -5.28%
• 6M: -3.90%
• 1Y: 8.28%
• 3Y*: 7.88%
• 5Y*: 1.78%
• 10Y*: 5.59%

JEPIX

• 1D: 0.15%
• 1M: -7.28%
• YTD: -2.35%
• 6M: 0.41%
• 1Y: 4.98%
• 3Y*: 8.50%
• 5Y*: 7.58%
• 10Y*: —

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

GAOAX vs. JEPIX - Expense Ratio Comparison

GAOAX has a 1.04% expense ratio, which is higher than JEPIX's 0.63% expense ratio.

GAOAX

JPMorgan Global Allocation Fund A

JEPIX

JPMorgan Equity Premium Income Fund Class I

Return for Risk

GAOAX vs. JEPIX — Risk / Return Rank

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

GAOAX

GAOAX Risk / Return Rank: 30
GAOAX Sharpe Ratio Rank: 32
GAOAX Sortino Ratio Rank: 30
GAOAX Omega Ratio Rank: 28
GAOAX Calmar Ratio Rank: 29
GAOAX Martin Ratio Rank: 32

JEPIX

JEPIX Risk / Return Rank: 20
JEPIX Sharpe Ratio Rank: 20
JEPIX Sortino Ratio Rank: 19
JEPIX Omega Ratio Rank: 23
JEPIX Calmar Ratio Rank: 17
JEPIX Martin Ratio Rank: 22

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.

GAOAX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund A (GAOAX) 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.

	GAOAX	JEPIX	Difference
Sharpe ratio Return per unit of total volatility	0.72	0.48	+0.24
Sortino ratio Return per unit of downside risk	1.06	0.78	+0.28
Omega ratio Gain probability vs. loss probability	1.15	1.12	+0.02
Calmar ratio Return relative to maximum drawdown	0.82	0.49	+0.33
Martin ratio Return relative to average drawdown	3.42	2.28	+1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAOAX vs. JEPIX - Sharpe Ratio Comparison

The current GAOAX Sharpe Ratio is 0.72, which is higher than the JEPIX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of GAOAX and JEPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GAOAX	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.48	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.67	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.47	+0.06

Correlation

The correlation between GAOAX and JEPIX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GAOAX vs. JEPIX - Dividend Comparison

GAOAX's dividend yield for the trailing twelve months is around 10.19%, more than JEPIX's 7.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAOAX JPMorgan Global Allocation Fund A	10.19%	10.15%	2.34%	0.00%	4.62%	4.61%	1.54%	2.43%	2.52%	2.95%	2.59%	0.96%
JEPIX JPMorgan Equity Premium Income Fund Class I	7.69%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GAOAX vs. JEPIX - Drawdown Comparison

The maximum GAOAX drawdown since its inception was -29.02%, smaller than the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for GAOAX and JEPIX.

Drawdown Indicators

	GAOAX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.02%	-32.63%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-10.49%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	-13.67%	-15.35%
Max Drawdown (10Y) Largest decline over 10 years	-29.02%	—	—
Current Drawdown Current decline from peak	-8.95%	-7.28%	-1.67%
Average Drawdown Average peak-to-trough decline	-6.01%	-3.19%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.24%	-0.09%

Volatility

GAOAX vs. JEPIX - Volatility Comparison

JPMorgan Global Allocation Fund A (GAOAX) has a higher volatility of 4.64% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 3.47%. This indicates that GAOAX'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

	GAOAX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.47%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	6.47%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	13.70%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	11.39%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.80%	14.84%	-4.04%