JBSSX vs. JEPIX

Last updated Jun 24, 2026

JBSSX (JPMorgan SmartRetirement Blend 2025 Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - JBSSX is a Target Retirement Date fund managed by JPMorgan, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Over the past 5 years, JBSSX returned 5.12%/yr vs 7.34%/yr for JEPIX. A 0.73 correlation means they provide meaningful diversification when combined. JBSSX charges 0.30%/yr vs 0.59%/yr for JEPIX.

Performance

JBSSX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) 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, JBSSX achieves a 5.75% return, which is significantly higher than JEPIX's 0.90% return.

JBSSX

• 1D: -0.19%
• 1M: 0.98%
• YTD: 5.75%
• 6M: 5.45%
• 1Y: 14.40%
• 3Y*: 11.44%
• 5Y*: 5.12%
• 10Y*: 7.38%

JEPIX

• 1D: -0.07%
• 1M: 0.35%
• YTD: 0.90%
• 6M: 1.13%
• 1Y: 8.22%
• 3Y*: 9.01%
• 5Y*: 7.34%
• 10Y*: —

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

JBSSX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JBSSX JPMorgan SmartRetirement Blend 2025 Fund	5.75%	13.25%	5.46%	16.55%	-15.45%	8.82%	11.06%	18.45%	-7.64%
JEPIX JPMorgan Equity Premium Income Fund Class I	0.90%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between JBSSX and JEPIX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.73

The correlation between JBSSX and JEPIX shifts across timeframes, from 0.62 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JBSSX vs. JEPIX — Risk / Return Rank

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

JBSSX

JBSSX Risk / Return Rank: 71
JBSSX Sharpe Ratio Rank: 71
JBSSX Sortino Ratio Rank: 74
JBSSX Omega Ratio Rank: 73
JBSSX Calmar Ratio Rank: 63
JBSSX Martin Ratio Rank: 72

JEPIX

JEPIX Risk / Return Rank: 15
JEPIX Sharpe Ratio Rank: 15
JEPIX Sortino Ratio Rank: 17
JEPIX Omega Ratio Rank: 16
JEPIX Calmar Ratio Rank: 14
JEPIX Martin Ratio Rank: 14

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.

JBSSX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) 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.

	JBSSX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.03	+1.23
Sortino ratio: Return per unit of downside risk	3.27	1.60	+1.67
Omega ratio: Gain probability vs. loss probability	1.43	1.20	+0.24
Calmar ratio: Return relative to maximum drawdown	2.93	1.21	+1.72
Martin ratio: Return relative to average drawdown	12.79	3.66	+9.13

JBSSX vs. JEPIX - Sharpe Ratio Comparison

The current JBSSX Sharpe Ratio is 2.26, which is higher than the JEPIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of JBSSX 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

JBSSX vs. JEPIX - Drawdown Comparison

The maximum JBSSX drawdown since its inception was -21.91%, smaller than the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for JBSSX and JEPIX.

Drawdown Indicators

	JBSSX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.91%	-32.63%	+10.72%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-7.41%	+2.27%
Max Drawdown (3Y) Largest decline over 3 years	-7.48%	-13.42%	+5.94%
Max Drawdown (5Y) Largest decline over 5 years	-20.71%	-13.67%	-7.04%
Max Drawdown (10Y) Largest decline over 10 years	-21.91%	—	—
Current Drawdown Current decline from peak	-0.30%	-4.19%	+3.89%
Average Drawdown Average peak-to-trough decline	-3.37%	-3.21%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	2.44%	-1.27%

Volatility

JBSSX vs. JEPIX - Volatility Comparison

JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) and JPMorgan Equity Premium Income Fund Class I (JEPIX) have volatilities of 2.44% and 2.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBSSX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.47%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.53%	6.94%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	6.66%	8.72%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.77%	11.47%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.23%	14.72%	-5.49%

JBSSX vs. JEPIX - Expense Ratio Comparison

JBSSX has a 0.30% expense ratio, which is lower than JEPIX's 0.59% expense ratio.

Dividends

JBSSX vs. JEPIX - Dividend Comparison

JBSSX's dividend yield for the trailing twelve months is around 3.34%, less than JEPIX's 8.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBSSX JPMorgan SmartRetirement Blend 2025 Fund	3.34%	3.53%	3.27%	2.75%	2.05%	5.11%	3.42%	3.15%	5.49%	2.04%	2.15%	2.13%
JEPIX JPMorgan Equity Premium Income Fund Class I	8.10%	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 JBSSX and JEPIX in my portfolio?

JBSSX and JEPIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBSSX or JEPIX?

JEPIX has higher volatility (2.47%) compared to JBSSX (2.44%). In terms of maximum drawdown, JBSSX dropped -21.91% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

JBSSX currently has the higher Sharpe Ratio (2.26 vs 1.03), 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.