IAE vs. JEPIX

Last updated Aug 1, 2026

IAE (Voya Asia Pacific High Dividend Equity Income Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both Derivative Income funds. Over the past 5 years, IAE returned 11.29%/yr vs 7.00%/yr for JEPIX. Their 0.35 correlation means their historical movements had little consistent relationship. IAE charges 0.02%/yr vs 0.59%/yr for JEPIX.

Performance

IAE vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Asia Pacific High Dividend Equity Income Fund (IAE) 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, IAE achieves a 23.01% return, which is significantly higher than JEPIX's 3.44% return.

IAE

• 1D: 1.67%
• 1M: -2.18%
• 6M: 9.61%
• YTD: 23.01%
• 1Y: 34.42%
• 3Y*: 23.78%
• 5Y*: 11.29%
• 10Y*: 10.31%
• ALL TIME*: 5.11%

JEPIX

• 1D: 0.57%
• 1M: 0.28%
• 6M: 1.04%
• YTD: 3.44%
• 1Y: 9.85%
• 3Y*: 8.69%
• 5Y*: 7.00%
• 10Y*: —
• ALL TIME*: 7.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IAE Voya Asia Pacific High Dividend Equity Income Fund	$259.55K	$601.12K	$651.76K
JEPIX JPMorgan Equity Premium Income Fund Class I	$0.00	$0.00	$0.00

IAE vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IAE Voya Asia Pacific High Dividend Equity Income Fund	23.01%	34.63%	13.44%	9.06%	-13.97%	3.60%	13.77%	9.62%	-5.50%
JEPIX JPMorgan Equity Premium Income Fund Class I	3.44%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between IAE and JEPIX is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.35
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.35

The correlation between IAE and JEPIX shifts across timeframes, from 0.22 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IAE vs. JEPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IAE

IAE Risk / Return Rank: 58
IAE Sharpe Ratio Rank: 54
IAE Sortino Ratio Rank: 54
IAE Omega Ratio Rank: 56
IAE Calmar Ratio Rank: 75
IAE Martin Ratio Rank: 50

JEPIX

JEPIX Risk / Return Rank: 31
JEPIX Sharpe Ratio Rank: 33
JEPIX Sortino Ratio Rank: 35
JEPIX Omega Ratio Rank: 33
JEPIX Calmar Ratio Rank: 28
JEPIX Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IAE vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Asia Pacific High Dividend Equity Income Fund (IAE) 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.

	IAE	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.01	+0.40
Sortino ratio: Return per unit of downside risk	2.04	1.56	+0.48
Omega ratio: Gain probability vs. loss probability	1.27	1.19	+0.08
Calmar ratio: Return relative to maximum drawdown	2.48	1.21	+1.27
Martin ratio: Return relative to average drawdown	7.03	3.43	+3.61

IAE vs. JEPIX - Sharpe Ratio Comparison

The current IAE Sharpe Ratio is 1.42, which is higher than the JEPIX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of IAE 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

IAE vs. JEPIX - Drawdown Comparison

The maximum IAE drawdown since its inception was -60.72%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for IAE and JEPIX.

Drawdown Indicators

	IAE	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.72%	-32.63%	-28.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-7.41%	-5.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-13.42%	-2.77%
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	-13.67%	-15.35%
Max Drawdown (10Y) Largest decline over 10 years	-42.44%	—	—
Current Drawdown Current decline from peak	-7.22%	-1.78%	-5.44%
Average Drawdown Average peak-to-trough decline	-13.67%	-3.21%	-10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	2.60%	+1.92%

Volatility

IAE vs. JEPIX - Volatility Comparison

Voya Asia Pacific High Dividend Equity Income Fund (IAE) has a higher volatility of 5.07% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 2.40%. This indicates that IAE'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

	IAE	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	2.40%	+2.67%
Volatility (6M) Calculated over the trailing 6-month period	18.40%	7.08%	+11.32%
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	8.85%	+13.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	11.49%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	14.65%	+4.89%

IAE vs. JEPIX - Expense Ratio Comparison

IAE has a 0.02% expense ratio, which is lower than JEPIX's 0.59% expense ratio.

Dividends

IAE vs. JEPIX - Dividend Comparison

IAE's dividend yield for the trailing twelve months is around 9.13%, more than JEPIX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAE Voya Asia Pacific High Dividend Equity Income Fund	8.37%	10.71%	12.29%	10.65%	14.03%	10.60%	9.97%	9.88%	9.61%	7.82%	11.14%	12.74%
JEPIX JPMorgan Equity Premium Income Fund Class I	7.31%	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 IAE and JEPIX in my portfolio?

IAE and JEPIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAE or JEPIX?

IAE has higher volatility (5.07%) compared to JEPIX (2.40%). In terms of maximum drawdown, IAE dropped -60.72% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

IAE currently has the higher Sharpe Ratio (1.42 vs 1.01), 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.