JEPIX vs. ATESX

Last updated Jun 4, 2026

JEPIX (JPMorgan Equity Premium Income Fund Class I) and ATESX (Anchor Risk Managed Equity Strategies Fund) are both mutual funds - JEPIX is a Derivative Income fund managed by JPMorgan, while ATESX is a Long-Short fund managed by BlackRock. Over the past 5 years, JEPIX returned 7.14%/yr vs 6.72%/yr for ATESX. At a 0.33 correlation, their price movements are largely independent. JEPIX charges 0.63%/yr vs 2.10%/yr for ATESX.

Performance

JEPIX vs. ATESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income Fund Class I (JEPIX) and Anchor Risk Managed Equity Strategies Fund (ATESX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEPIX achieves a -0.05% return, which is significantly lower than ATESX's 12.48% return.

JEPIX

• 1D: 0.00%
• 1M: -1.65%
• YTD: -0.05%
• 6M: 0.32%
• 1Y: 7.44%
• 3Y*: 8.65%
• 5Y*: 7.14%
• 10Y*: —

ATESX

• 1D: 0.35%
• 1M: 8.40%
• YTD: 12.48%
• 6M: 9.70%
• 1Y: 19.39%
• 3Y*: 9.42%
• 5Y*: 6.72%
• 10Y*: —

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

JEPIX vs. ATESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JEPIX JPMorgan Equity Premium Income Fund Class I	-0.05%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%
ATESX Anchor Risk Managed Equity Strategies Fund	12.48%	5.56%	7.21%	8.12%	-9.25%	11.06%	18.02%	20.31%	-5.01%

Correlation

The correlation between JEPIX and ATESX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.33

Return for Risk

JEPIX vs. ATESX — Risk / Return Rank

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

JEPIX

JEPIX Risk / Return Rank: 12
JEPIX Sharpe Ratio Rank: 12
JEPIX Sortino Ratio Rank: 12
JEPIX Omega Ratio Rank: 12
JEPIX Calmar Ratio Rank: 10
JEPIX Martin Ratio Rank: 11

ATESX

ATESX Risk / Return Rank: 36
ATESX Sharpe Ratio Rank: 44
ATESX Sortino Ratio Rank: 39
ATESX Omega Ratio Rank: 47
ATESX Calmar Ratio Rank: 36
ATESX Martin Ratio Rank: 16

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.

JEPIX vs. ATESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income Fund Class I (JEPIX) and Anchor Risk Managed Equity Strategies Fund (ATESX). 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.

	JEPIX	ATESX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.95	-1.04
Sortino ratio: Return per unit of downside risk	1.41	2.61	-1.19
Omega ratio: Gain probability vs. loss probability	1.17	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.04	2.27	-1.23
Martin ratio: Return relative to average drawdown	3.45	4.42	-0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPIX vs. ATESX - Sharpe Ratio Comparison

The current JEPIX Sharpe Ratio is 0.90, which is lower than the ATESX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of JEPIX and ATESX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEPIX	ATESX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.95	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.65	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.88	-0.40

Drawdowns

JEPIX vs. ATESX - Drawdown Comparison

The maximum JEPIX drawdown since its inception was -32.63%, which is greater than ATESX's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for JEPIX and ATESX.

Drawdown Indicators

	JEPIX	ATESX	Difference
Max Drawdown Largest peak-to-trough decline	-32.63%	-12.87%	-19.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-8.92%	+1.51%
Max Drawdown (3Y) Largest decline over 3 years	-13.42%	-10.73%	-2.69%
Max Drawdown (5Y) Largest decline over 5 years	-13.67%	-12.87%	-0.80%
Current Drawdown Current decline from peak	-5.09%	0.00%	-5.09%
Average Drawdown Average peak-to-trough decline	-3.21%	-3.69%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	4.57%	-2.34%

Volatility

JEPIX vs. ATESX - Volatility Comparison

The current volatility for JPMorgan Equity Premium Income Fund Class I (JEPIX) is 1.49%, while Anchor Risk Managed Equity Strategies Fund (ATESX) has a volatility of 3.55%. This indicates that JEPIX experiences smaller price fluctuations and is considered to be less risky than ATESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEPIX	ATESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	3.55%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	6.76%	6.80%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	8.54%	10.41%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.46%	10.42%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	10.97%	+3.78%

JEPIX vs. ATESX - Expense Ratio Comparison

JEPIX has a 0.63% expense ratio, which is lower than ATESX's 2.10% expense ratio.

Dividends

JEPIX vs. ATESX - Dividend Comparison

JEPIX's dividend yield for the trailing twelve months is around 8.17%, while ATESX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATESX Anchor Risk Managed Equity Strategies Fund	0.00%	0.00%	0.00%	1.30%	7.45%	0.00%	0.00%	11.78%	7.70%	6.02%
JEPIX JPMorgan Equity Premium Income Fund Class I	8.17%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEPIX and ATESX in my portfolio?

JEPIX and ATESX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPIX or ATESX?

ATESX has higher volatility (3.55%) compared to JEPIX (1.49%). In terms of maximum drawdown, JEPIX dropped -32.63% vs ATESX's -12.87%.

Which has better risk-adjusted returns?

ATESX currently has the higher Sharpe Ratio (1.95 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.