JEPAX vs. JEPI
Compare and contrast key facts about JPMorgan Equity Premium Income Fund Class A (JEPAX) and JPMorgan Equity Premium Income ETF (JEPI).
JEPAX is managed by JPMorgan. It was launched on Aug 31, 2018. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPAX or JEPI.
Performance
JEPAX vs. JEPI - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with JEPAX having a 15.48% return and JEPI slightly higher at 15.68%.
JEPAX
15.48%
1.14%
9.11%
17.93%
9.56%
N/A
JEPI
15.68%
1.17%
9.24%
18.27%
N/A
N/A
Key characteristics
| JEPAX | JEPI | |
|---|---|---|
| Sharpe Ratio | 2.48 | 2.63 |
| Sortino Ratio | 3.57 | 3.65 |
| Omega Ratio | 1.50 | 1.52 |
| Calmar Ratio | 4.57 | 4.81 |
| Martin Ratio | 16.40 | 18.61 |
| Ulcer Index | 1.09% | 1.00% |
| Daily Std Dev | 7.22% | 7.08% |
| Max Drawdown | -32.68% | -13.71% |
| Current Drawdown | -0.54% | -0.28% |
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JEPAX vs. JEPI - Expense Ratio Comparison
JEPAX has a 0.85% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Correlation
The correlation between JEPAX and JEPI is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
JEPAX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income Fund Class A (JEPAX) and JPMorgan Equity Premium Income ETF (JEPI). 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.
Dividends
JEPAX vs. JEPI - Dividend Comparison
JEPAX's dividend yield for the trailing twelve months is around 6.69%, less than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
JEPAX JPMorgan Equity Premium Income Fund Class A | 6.69% | 8.19% | 11.97% | 7.36% | 11.35% | 7.51% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% |
Drawdowns
JEPAX vs. JEPI - Drawdown Comparison
The maximum JEPAX drawdown since its inception was -32.68%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JEPAX and JEPI. For additional features, visit the drawdowns tool.
Volatility
JEPAX vs. JEPI - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income Fund Class A (JEPAX) is 2.09%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.25%. This indicates that JEPAX experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.