JMSIX vs. JEPAX
JMSIX (JPMorgan Income Fund Class I) and JEPAX (JPMorgan Equity Premium Income Fund Class A) are both mutual funds - JMSIX is a Multisector Bonds fund actively managed by JPMorgan, while JEPAX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, JMSIX returned 2.71%/yr vs 6.80%/yr for JEPAX. Their 0.29 correlation means their historical movements had little consistent relationship. JMSIX charges 0.40%/yr vs 0.85%/yr for JEPAX.
Performance
JMSIX vs. JEPAX - Performance Comparison
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Returns By Period
In the year-to-date period, JMSIX achieves a 1.12% return, which is significantly lower than JEPAX's 3.67% return.
JMSIX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.74%
- YTD
- 1.12%
- 1Y
- 3.79%
- 3Y*
- 6.94%
- 5Y*
- 2.71%
- 10Y*
- 3.79%
- ALL TIME*
- 2.90%
JEPAX
- 1D
- 0.28%
- 1M
- 0.57%
- 6M
- 1.01%
- YTD
- 3.67%
- 1Y
- 9.91%
- 3Y*
- 8.50%
- 5Y*
- 6.80%
- 10Y*
- —
- ALL TIME*
- 8.13%
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 |
JMSIX vs. JEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMSIX JPMorgan Income Fund Class I | 1.12% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 7.17% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 3.67% | 7.55% | 12.07% | 9.42% | -4.05% | 19.13% | 5.75% | 7.45% |
Correlation
The correlation between JMSIX 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. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2019 | 0.29 |
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Return for Risk
JMSIX vs. JEPAX — Risk / Return Rank
JMSIX
JEPAX
JMSIX vs. JEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund Class I (JMSIX) 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.
| JMSIX | JEPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.19 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.22 | +1.42 |
| Martin ratioReturn relative to average drawdown | 10.52 | 3.43 | +7.08 |
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Drawdowns
JMSIX vs. JEPAX - Drawdown Comparison
The maximum JMSIX drawdown since its inception was -18.40%, smaller than the maximum JEPAX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for JMSIX and JEPAX.
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Drawdown Indicators
| JMSIX | JEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -32.69% | +14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -7.41% | +5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -2.25% | -13.43% | +11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -11.39% | -13.74% | +2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.58% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -3.08% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.64% | -2.23% |
Volatility
JMSIX vs. JEPAX - Volatility Comparison
The current volatility for JPMorgan Income Fund Class I (JMSIX) is 0.53%, while JPMorgan Equity Premium Income Fund Class A (JEPAX) has a volatility of 2.49%. This indicates that JMSIX 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
| JMSIX | JEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.49% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 7.11% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 8.90% | -6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 11.51% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 14.81% | -10.95% |
JMSIX vs. JEPAX - Expense Ratio Comparison
JMSIX has a 0.40% expense ratio, which is lower than JEPAX's 0.85% expense ratio.
Dividends
JMSIX vs. JEPAX - Dividend Comparison
JMSIX's dividend yield for the trailing twelve months is around 5.54%, less than JEPAX's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JEPAX JPMorgan Equity Premium Income Fund Class A | 7.05% | 7.88% | 6.95% | 8.19% | 11.98% | 5.96% | 11.35% | 5.61% | 0.00% | 0.00% | 0.00% |
JMSIX JPMorgan Income Fund Class I | 5.54% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
Frequently Asked Questions
JMSIX 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 (2.49%) compared to JMSIX (0.53%). In terms of maximum drawdown, JMSIX dropped -18.40% vs JEPAX's -32.69%.
JMSIX currently has the higher Sharpe Ratio (1.74 vs 1.02), 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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