JAKSX vs. JEPIX

Last updated Jun 5, 2026

JAKSX (JPMorgan SmartRetirement 2060 Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - JAKSX is a Target Retirement Date fund managed by JPMorgan, while JEPIX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, JAKSX returned 8.54%/yr vs 7.07%/yr for JEPIX. A 0.75 correlation means they provide meaningful diversification when combined. JAKSX charges 0.26%/yr vs 0.63%/yr for JEPIX.

Performance

JAKSX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2060 Fund (JAKSX) 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, JAKSX achieves a 9.12% return, which is significantly higher than JEPIX's 0.03% return.

JAKSX

• 1D: -0.74%
• 1M: 2.73%
• YTD: 9.12%
• 6M: 9.59%
• 1Y: 21.93%
• 3Y*: 17.33%
• 5Y*: 8.54%
• 10Y*: —

JEPIX

• 1D: 0.07%
• 1M: -1.23%
• YTD: 0.03%
• 6M: 0.46%
• 1Y: 7.52%
• 3Y*: 8.67%
• 5Y*: 7.07%
• 10Y*: —

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

JAKSX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JAKSX JPMorgan SmartRetirement 2060 Fund	9.12%	17.84%	12.40%	22.14%	-18.38%	17.47%	15.22%	24.77%	-11.32%
JEPIX JPMorgan Equity Premium Income Fund Class I	0.03%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between JAKSX and JEPIX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.75

The correlation between JAKSX and JEPIX shifts across timeframes, from 0.65 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JAKSX vs. JEPIX — Risk / Return Rank

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

JAKSX

JAKSX Risk / Return Rank: 46
JAKSX Sharpe Ratio Rank: 44
JAKSX Sortino Ratio Rank: 43
JAKSX Omega Ratio Rank: 44
JAKSX Calmar Ratio Rank: 43
JAKSX Martin Ratio Rank: 53

JEPIX

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

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.

JAKSX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2060 Fund (JAKSX) 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.

	JAKSX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.88	+1.05
Sortino ratio: Return per unit of downside risk	2.72	1.39	+1.33
Omega ratio: Gain probability vs. loss probability	1.35	1.17	+0.18
Calmar ratio: Return relative to maximum drawdown	2.45	1.02	+1.43
Martin ratio: Return relative to average drawdown	10.69	3.35	+7.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAKSX vs. JEPIX - Sharpe Ratio Comparison

The current JAKSX Sharpe Ratio is 1.93, which is higher than the JEPIX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of JAKSX 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.

Sharpe Ratios by Period

	JAKSX	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	0.88	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.62	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.48	+0.21

Drawdowns

JAKSX vs. JEPIX - Drawdown Comparison

The maximum JAKSX drawdown since its inception was -33.11%, roughly equal to the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for JAKSX and JEPIX.

Drawdown Indicators

	JAKSX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.11%	-32.63%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-7.41%	-1.73%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-13.42%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-13.67%	-12.13%
Current Drawdown Current decline from peak	-0.74%	-5.02%	+4.28%
Average Drawdown Average peak-to-trough decline	-5.29%	-3.21%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.25%	-0.16%

Volatility

JAKSX vs. JEPIX - Volatility Comparison

JPMorgan SmartRetirement 2060 Fund (JAKSX) has a higher volatility of 3.55% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 1.48%. This indicates that JAKSX'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

	JAKSX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	1.48%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	6.73%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	8.54%	+3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	11.46%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	14.75%	+1.13%

JAKSX vs. JEPIX - Expense Ratio Comparison

JAKSX has a 0.26% expense ratio, which is lower than JEPIX's 0.63% expense ratio.

Dividends

JAKSX vs. JEPIX - Dividend Comparison

JAKSX's dividend yield for the trailing twelve months is around 3.92%, less than JEPIX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAKSX JPMorgan SmartRetirement 2060 Fund	3.92%	4.27%	2.96%	1.55%	6.59%	8.71%	3.49%	3.95%	2.96%	1.93%
JEPIX JPMorgan Equity Premium Income Fund Class I	8.17%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JAKSX and JEPIX in my portfolio?

JAKSX and JEPIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAKSX or JEPIX?

JAKSX has higher volatility (3.55%) compared to JEPIX (1.48%). In terms of maximum drawdown, JAKSX dropped -33.11% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

JAKSX currently has the higher Sharpe Ratio (1.93 vs 0.88), 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.