JEPAX vs. PIAMX
Compare and contrast key facts about JPMorgan Equity Premium Income Fund Class A (JEPAX) and PIA High Yield (MACS) Fund (PIAMX).
JEPAX is managed by JPMorgan. It was launched on Aug 31, 2018. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JEPAX or PIAMX.
Key characteristics
| JEPAX | PIAMX | |
|---|---|---|
| YTD Return | 15.87% | 10.26% |
| 1Y Return | 18.86% | 14.81% |
| 3Y Return (Ann) | 7.79% | 4.40% |
| 5Y Return (Ann) | 9.61% | 6.46% |
| Sharpe Ratio | 2.65 | 5.61 |
| Sortino Ratio | 3.82 | 9.29 |
| Omega Ratio | 1.54 | 2.55 |
| Calmar Ratio | 4.80 | 12.32 |
| Martin Ratio | 17.47 | 66.41 |
| Ulcer Index | 1.08% | 0.23% |
| Daily Std Dev | 7.13% | 2.77% |
| Max Drawdown | -32.68% | -18.15% |
| Current Drawdown | -0.20% | 0.00% |
Correlation
The correlation between JEPAX and PIAMX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JEPAX vs. PIAMX - Performance Comparison
In the year-to-date period, JEPAX achieves a 15.87% return, which is significantly higher than PIAMX's 10.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JEPAX vs. PIAMX - Expense Ratio Comparison
JEPAX has a 0.85% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Risk-Adjusted Performance
JEPAX vs. PIAMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income Fund Class A (JEPAX) and PIA High Yield (MACS) Fund (PIAMX). 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. PIAMX - Dividend Comparison
JEPAX's dividend yield for the trailing twelve months is around 6.66%, less than PIAMX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
JEPAX JPMorgan Equity Premium Income Fund Class A | 6.66% | 8.19% | 11.97% | 7.36% | 11.35% | 7.51% | 0.00% | 0.00% |
PIAMX PIA High Yield (MACS) Fund | 8.37% | 8.12% | 8.72% | 7.03% | 6.63% | 6.74% | 6.66% | 0.06% |
Drawdowns
JEPAX vs. PIAMX - Drawdown Comparison
The maximum JEPAX drawdown since its inception was -32.68%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for JEPAX and PIAMX. For additional features, visit the drawdowns tool.
Volatility
JEPAX vs. PIAMX - Volatility Comparison
JPMorgan Equity Premium Income Fund Class A (JEPAX) has a higher volatility of 1.77% compared to PIA High Yield (MACS) Fund (PIAMX) at 0.61%. This indicates that JEPAX's price experiences larger fluctuations and is considered to be riskier than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.