HLGAX vs. JEPAX
Compare and contrast key facts about JPMorgan Government Bond Fund (HLGAX) and JPMorgan Equity Premium Income Fund Class A (JEPAX).
HLGAX is managed by JPMorgan. It was launched on Feb 7, 1993. JEPAX is managed by JPMorgan. It was launched on Aug 31, 2018.
Performance
HLGAX vs. JEPAX - Performance Comparison
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HLGAX vs. JEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | -0.19% | 6.70% | 1.26% | 4.38% | -11.85% | -2.12% | 6.95% | 4.17% |
JEPAX JPMorgan Equity Premium Income Fund Class A | -0.48% | 7.55% | 12.07% | 9.42% | -4.05% | 19.13% | 5.75% | 7.45% |
Returns By Period
In the year-to-date period, HLGAX achieves a -0.19% return, which is significantly higher than JEPAX's -0.48% return.
HLGAX
- 1D
- 0.10%
- 1M
- -1.63%
- YTD
- -0.19%
- 6M
- 0.55%
- 1Y
- 3.48%
- 3Y*
- 3.07%
- 5Y*
- -0.02%
- 10Y*
- 1.20%
JEPAX
- 1D
- 1.96%
- 1M
- -5.21%
- YTD
- -0.48%
- 6M
- 2.05%
- 1Y
- 6.64%
- 3Y*
- 8.91%
- 5Y*
- 7.66%
- 10Y*
- —
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HLGAX vs. JEPAX - Expense Ratio Comparison
HLGAX has a 0.47% expense ratio, which is lower than JEPAX's 0.85% expense ratio.
Return for Risk
HLGAX vs. JEPAX — Risk / Return Rank
HLGAX
JEPAX
HLGAX vs. JEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Government Bond Fund (HLGAX) 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.
| HLGAX | JEPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.49 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.32 | 0.80 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.79 | +0.64 |
Martin ratioReturn relative to average drawdown | 4.22 | 3.66 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLGAX | JEPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.49 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.67 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.53 | +0.34 |
Correlation
The correlation between HLGAX and JEPAX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HLGAX vs. JEPAX - Dividend Comparison
HLGAX's dividend yield for the trailing twelve months is around 3.01%, less than JEPAX's 7.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | 3.01% | 2.91% | 2.86% | 2.56% | 2.12% | 1.49% | 1.80% | 2.36% | 2.45% | 2.44% | 2.78% | 3.99% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 7.31% | 7.88% | 6.95% | 8.19% | 11.98% | 5.96% | 11.35% | 5.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HLGAX vs. JEPAX - Drawdown Comparison
The maximum HLGAX drawdown since its inception was -17.41%, smaller than the maximum JEPAX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for HLGAX and JEPAX.
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Drawdown Indicators
| HLGAX | JEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -32.69% | +15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -10.43% | +7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -13.74% | -2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -3.65% | -5.53% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -3.05% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.26% | -1.33% |
Volatility
HLGAX vs. JEPAX - Volatility Comparison
The current volatility for JPMorgan Government Bond Fund (HLGAX) is 1.52%, while JPMorgan Equity Premium Income Fund Class A (JEPAX) has a volatility of 4.15%. This indicates that HLGAX experiences smaller price fluctuations and is considered to be less risky than JEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLGAX | JEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 4.15% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 6.78% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 13.79% | -9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 11.43% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 15.04% | -10.48% |