GGEFX vs. JEPIX
GGEFX (Summitry Equity Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - GGEFX is a Large Cap Blend Equities fund managed by Golub, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Over the past 5 years, GGEFX returned 9.02%/yr vs 7.20%/yr for JEPIX. A 0.73 correlation means they provide meaningful diversification when combined. GGEFX charges 1.25%/yr vs 0.59%/yr for JEPIX.
Performance
GGEFX vs. JEPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GGEFX achieves a 1.44% return, which is significantly lower than JEPIX's 2.85% return.
GGEFX
- 1D
- 1.19%
- 1M
- 2.89%
- 6M
- -2.77%
- YTD
- 1.44%
- 1Y
- 6.00%
- 3Y*
- 15.53%
- 5Y*
- 9.02%
- 10Y*
- 12.29%
JEPIX
- 1D
- 0.21%
- 1M
- 1.79%
- 6M
- 1.22%
- YTD
- 2.85%
- 1Y
- 8.05%
- 3Y*
- 9.16%
- 5Y*
- 7.20%
- 10Y*
- —
GGEFX vs. JEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GGEFX Summitry Equity Fund | 1.44% | 11.26% | 25.39% | 30.93% | -20.46% | 25.28% | 15.38% | 29.92% | -15.01% |
JEPIX JPMorgan Equity Premium Income Fund Class I | 2.85% | 7.82% | 12.43% | 9.68% | -3.81% | 19.36% | 6.02% | 16.44% | -9.93% |
Correlation
The correlation between GGEFX and JEPIX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.73 |
The correlation between GGEFX and JEPIX has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
GGEFX vs. JEPIX — Risk / Return Rank
GGEFX
JEPIX
GGEFX vs. JEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Summitry Equity Fund (GGEFX) 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.
| GGEFX | JEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.05 | -0.65 |
| Martin ratioReturn relative to average drawdown | 1.26 | 3.05 | -1.79 |
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Drawdowns
GGEFX vs. JEPIX - Drawdown Comparison
The maximum GGEFX drawdown since its inception was -37.49%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for GGEFX and JEPIX.
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Drawdown Indicators
| GGEFX | JEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.49% | -32.63% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -7.41% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -13.42% | -6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -13.67% | -13.45% |
Max Drawdown (10Y)Largest decline over 10 years | -37.49% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -2.33% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.21% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 2.55% | +1.86% |
Volatility
GGEFX vs. JEPIX - Volatility Comparison
Summitry Equity Fund (GGEFX) has a higher volatility of 4.89% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 2.61%. This indicates that GGEFX'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
| GGEFX | JEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.61% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 7.05% | +4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 8.70% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 11.48% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.42% | 14.69% | +4.73% |
GGEFX vs. JEPIX - Expense Ratio Comparison
GGEFX has a 1.25% expense ratio, which is higher than JEPIX's 0.59% expense ratio.
Dividends
GGEFX vs. JEPIX - Dividend Comparison
GGEFX's dividend yield for the trailing twelve months is around 16.67%, more than JEPIX's 7.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGEFX Summitry Equity Fund | 16.67% | 16.91% | 9.19% | 8.39% | 16.43% | 6.82% | 0.00% | 5.18% | 8.33% | 8.20% | 7.93% | 12.92% |
JEPIX JPMorgan Equity Premium Income Fund Class I | 7.98% | 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
GGEFX and JEPIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGEFX has higher volatility (4.89%) compared to JEPIX (2.61%). In terms of maximum drawdown, GGEFX dropped -37.49% vs JEPIX's -32.63%.
JEPIX currently has the higher Sharpe Ratio (0.89 vs 0.37), 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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