JEPIX vs. SPY
Compare and contrast key facts about JPMorgan Equity Premium Income Fund Class I (JEPIX) and State Street SPDR S&P 500 ETF (SPY).
JEPIX is managed by JPMorgan. It was launched on Aug 31, 2018. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
JEPIX vs. SPY - Performance Comparison
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JEPIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JEPIX JPMorgan Equity Premium Income Fund Class I | -2.35% | 7.82% | 12.43% | 9.68% | -3.81% | 19.36% | 6.02% | 16.44% | -9.93% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -12.87% |
Returns By Period
In the year-to-date period, JEPIX achieves a -2.35% return, which is significantly higher than SPY's -4.37% return.
JEPIX
- 1D
- 0.15%
- 1M
- -7.28%
- YTD
- -2.35%
- 6M
- 0.41%
- 1Y
- 4.98%
- 3Y*
- 8.50%
- 5Y*
- 7.58%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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JEPIX vs. SPY - Expense Ratio Comparison
JEPIX has a 0.63% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JEPIX vs. SPY — Risk / Return Rank
JEPIX
SPY
JEPIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income Fund Class I (JEPIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.93 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.45 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.53 | -1.04 |
Martin ratioReturn relative to average drawdown | 2.28 | 7.30 | -5.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEPIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.93 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.69 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Correlation
The correlation between JEPIX and SPY is 0.78, 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.
Dividends
JEPIX vs. SPY - Dividend Comparison
JEPIX's dividend yield for the trailing twelve months is around 7.69%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPIX JPMorgan Equity Premium Income Fund Class I | 7.69% | 8.12% | 7.20% | 8.42% | 12.24% | 6.15% | 11.59% | 3.91% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JEPIX vs. SPY - Drawdown Comparison
The maximum JEPIX drawdown since its inception was -32.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JEPIX and SPY.
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Drawdown Indicators
| JEPIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -55.19% | +22.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -12.05% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -13.67% | -24.50% | +10.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -7.28% | -6.24% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -9.09% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.52% | -0.28% |
Volatility
JEPIX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Equity Premium Income Fund Class I (JEPIX) is 3.47%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that JEPIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 5.31% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 9.47% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 19.05% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 17.06% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 17.92% | -3.08% |