JEMDX vs. JEPAX
JEMDX (JPMorgan Emerging Markets Debt Fund) and JEPAX (JPMorgan Equity Premium Income Fund Class A) are both mutual funds - JEMDX is a Emerging Markets Bonds fund managed by JPMorgan, while JEPAX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, JEMDX returned 1.63%/yr vs 6.74%/yr for JEPAX. Their 0.30 correlation means their historical movements had little consistent relationship. JEMDX charges 0.83%/yr vs 0.85%/yr for JEPAX.
Performance
JEMDX vs. JEPAX - Performance Comparison
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Returns By Period
In the year-to-date period, JEMDX achieves a 1.34% return, which is significantly lower than JEPAX's 3.38% return.
JEMDX
- 1D
- -0.15%
- 1M
- -1.23%
- 6M
- 0.19%
- YTD
- 1.34%
- 1Y
- 9.00%
- 3Y*
- 8.97%
- 5Y*
- 1.63%
- 10Y*
- 2.76%
- ALL TIME*
- 6.10%
JEPAX
- 1D
- 0.64%
- 1M
- 0.28%
- 6M
- 1.00%
- YTD
- 3.38%
- 1Y
- 9.60%
- 3Y*
- 8.43%
- 5Y*
- 6.74%
- 10Y*
- —
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JEMDX vs. JEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JEMDX JPMorgan Emerging Markets Debt Fund | 1.34% | 13.87% | 7.37% | 10.17% | -18.60% | -3.22% | 5.37% | 6.79% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 3.38% | 7.55% | 12.07% | 9.42% | -4.05% | 19.13% | 5.75% | 7.45% |
Correlation
The correlation between JEMDX and JEPAX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2019 | 0.30 |
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Return for Risk
JEMDX vs. JEPAX — Risk / Return Rank
JEMDX
JEPAX
JEMDX vs. JEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Debt Fund (JEMDX) 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.
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.
| JEMDX | JEPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.18 | +0.61 |
| Martin ratioReturn relative to average drawdown | 7.15 | 3.30 | +3.84 |
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Drawdowns
JEMDX vs. JEPAX - Drawdown Comparison
The maximum JEMDX drawdown since its inception was -38.84%, which is greater than JEPAX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for JEMDX and JEPAX.
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Drawdown Indicators
| JEMDX | JEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.84% | -32.69% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.14% | -7.41% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.32% | -13.43% | +7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -13.74% | -17.09% |
Max Drawdown (10Y)Largest decline over 10 years | -30.83% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -1.86% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -3.08% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.64% | -1.35% |
Volatility
JEMDX vs. JEPAX - Volatility Comparison
The current volatility for JPMorgan Emerging Markets Debt Fund (JEMDX) is 1.04%, while JPMorgan Equity Premium Income Fund Class A (JEPAX) has a volatility of 2.48%. This indicates that JEMDX 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
| JEMDX | JEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 2.48% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 7.11% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 8.92% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 11.52% | -4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 14.81% | -7.67% |
JEMDX vs. JEPAX - Expense Ratio Comparison
JEMDX has a 0.83% expense ratio, which is lower than JEPAX's 0.85% expense ratio.
Dividends
JEMDX vs. JEPAX - Dividend Comparison
JEMDX's dividend yield for the trailing twelve months is around 5.42%, less than JEPAX's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEMDX JPMorgan Emerging Markets Debt Fund | 5.42% | 5.61% | 6.13% | 5.47% | 6.15% | 4.38% | 3.71% | 4.52% | 4.64% | 4.43% | 5.06% | 4.76% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 7.07% | 7.88% | 6.95% | 8.19% | 11.98% | 5.96% | 11.35% | 5.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEMDX and JEPAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPAX has higher volatility (2.48%) compared to JEMDX (1.04%). In terms of maximum drawdown, JEMDX dropped -38.84% vs JEPAX's -32.69%.
JEMDX currently has the higher Sharpe Ratio (1.90 vs 0.98), 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.
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