JBALX vs. JEPIX

Last updated Aug 1, 2026

JBALX (JPMorgan Global Allocation Fund Class A) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - JBALX is a Global Allocation fund managed by JPMorgan, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Over the past 5 years, JBALX returned 7.78%/yr vs 7.00%/yr for JEPIX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. JBALX charges 0.96%/yr vs 0.59%/yr for JEPIX.

Performance

JBALX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Global Allocation Fund Class A (JBALX) 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, JBALX achieves a 3.19% return, which is significantly lower than JEPIX's 3.44% return.

JBALX

• 1D: 1.52%
• 1M: -0.34%
• 6M: 2.60%
• YTD: 3.19%
• 1Y: 9.45%
• 3Y*: 14.18%
• 5Y*: 7.78%
• 10Y*: 10.69%
• ALL TIME*: 7.21%

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)
JBALX JPMorgan Global Allocation Fund Class A	$0.00	$0.00	$0.00
JEPIX JPMorgan Equity Premium Income Fund Class I	$0.00	$0.00	$0.00

JBALX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JBALX JPMorgan Global Allocation Fund Class A	3.19%	15.00%	20.78%	15.45%	-16.56%	17.28%	14.40%	21.88%	-7.00%
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 JBALX and JEPIX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.75

The correlation between JBALX and JEPIX shifts across timeframes, from 0.56 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JBALX vs. JEPIX — Risk / Return Rank

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

JBALX

JBALX Risk / Return Rank: 26
JBALX Sharpe Ratio Rank: 26
JBALX Sortino Ratio Rank: 26
JBALX Omega Ratio Rank: 25
JBALX Calmar Ratio Rank: 22
JBALX Martin Ratio Rank: 30

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.

JBALX vs. JEPIX - Risk-Adjusted Trends Comparison

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

	JBALX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.01	-0.11
Sortino ratio: Return per unit of downside risk	1.33	1.56	-0.23
Omega ratio: Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio: Return relative to maximum drawdown	1.05	1.21	-0.15
Martin ratio: Return relative to average drawdown	4.43	3.43	+1.00

JBALX vs. JEPIX - Sharpe Ratio Comparison

The current JBALX Sharpe Ratio is 0.90, which is comparable to the JEPIX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of JBALX 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

JBALX vs. JEPIX - Drawdown Comparison

The maximum JBALX drawdown since its inception was -33.98%, roughly equal to the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for JBALX and JEPIX.

Drawdown Indicators

	JBALX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.98%	-32.63%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-7.41%	-0.71%
Max Drawdown (3Y) Largest decline over 3 years	-11.93%	-13.42%	+1.49%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-13.67%	-7.83%
Max Drawdown (10Y) Largest decline over 10 years	-22.49%	—	—
Current Drawdown Current decline from peak	-0.90%	-1.78%	+0.88%
Average Drawdown Average peak-to-trough decline	-5.39%	-3.21%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.60%	-0.68%

Volatility

JBALX vs. JEPIX - Volatility Comparison

JPMorgan Global Allocation Fund Class A (JBALX) has a higher volatility of 2.66% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 2.40%. This indicates that JBALX'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

	JBALX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.40%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	7.08%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	8.85%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.45%	11.49%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	14.65%	-3.37%

JBALX vs. JEPIX - Expense Ratio Comparison

JBALX has a 0.96% expense ratio, which is higher than JEPIX's 0.59% expense ratio.

Dividends

JBALX vs. JEPIX - Dividend Comparison

JBALX's dividend yield for the trailing twelve months is around 8.56%, more than JEPIX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBALX JPMorgan Global Allocation Fund Class A	8.56%	8.80%	11.84%	2.28%	2.00%	4.54%	2.54%	2.33%	7.14%	4.69%	4.55%	5.87%
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 JBALX and JEPIX in my portfolio?

JBALX and JEPIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBALX or JEPIX?

JBALX has higher volatility (2.66%) compared to JEPIX (2.40%). In terms of maximum drawdown, JBALX dropped -33.98% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

JEPIX currently has the higher Sharpe Ratio (1.01 vs 0.90), 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.