JPICX vs. JEPAX
Compare and contrast key facts about JPMorgan California Tax Free Bond Fund (JPICX) and JPMorgan Equity Premium Income Fund Class A (JEPAX).
JPICX is managed by JPMorgan. It was launched on Dec 22, 1996. JEPAX is managed by JPMorgan. It was launched on Aug 31, 2018.
Performance
JPICX vs. JEPAX - Performance Comparison
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JPICX vs. JEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPICX JPMorgan California Tax Free Bond Fund | -0.49% | 3.38% | 1.51% | 4.92% | -6.54% | -0.12% | 4.10% | 3.38% |
JEPAX JPMorgan Equity Premium Income Fund Class A | -0.48% | 7.55% | 12.07% | 9.42% | -4.05% | 19.13% | 5.75% | 7.45% |
Returns By Period
The year-to-date returns for both investments are quite close, with JPICX having a -0.49% return and JEPAX slightly higher at -0.48%.
JPICX
- 1D
- 0.30%
- 1M
- -2.08%
- YTD
- -0.49%
- 6M
- 0.72%
- 1Y
- 3.16%
- 3Y*
- 2.36%
- 5Y*
- 0.67%
- 10Y*
- 1.45%
JEPAX
- 1D
- 1.96%
- 1M
- -5.21%
- YTD
- -0.48%
- 6M
- 2.05%
- 1Y
- 6.64%
- 3Y*
- 8.91%
- 5Y*
- 7.66%
- 10Y*
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JPICX vs. JEPAX - Expense Ratio Comparison
JPICX has a 0.70% expense ratio, which is lower than JEPAX's 0.85% expense ratio.
Return for Risk
JPICX vs. JEPAX — Risk / Return Rank
JPICX
JEPAX
JPICX vs. JEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan California Tax Free Bond Fund (JPICX) 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.
| JPICX | JEPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.49 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.27 | 0.80 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.79 | +0.23 |
Martin ratioReturn relative to average drawdown | 3.65 | 3.66 | -0.01 |
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
| JPICX | JEPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.49 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.67 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.53 | +0.65 |
Correlation
The correlation between JPICX and JEPAX is 0.09, 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.
Dividends
JPICX vs. JEPAX - Dividend Comparison
JPICX's dividend yield for the trailing twelve months is around 3.02%, less than JEPAX's 7.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPICX JPMorgan California Tax Free Bond Fund | 3.02% | 3.00% | 3.01% | 2.55% | 2.03% | 1.54% | 1.70% | 2.35% | 2.80% | 2.73% | 2.66% | 3.16% |
JEPAX JPMorgan Equity Premium Income Fund Class A | 7.31% | 7.88% | 6.95% | 8.19% | 11.98% | 5.96% | 11.35% | 5.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JPICX vs. JEPAX - Drawdown Comparison
The maximum JPICX drawdown since its inception was -10.59%, smaller than the maximum JEPAX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for JPICX and JEPAX.
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Drawdown Indicators
| JPICX | JEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.59% | -32.69% | +22.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -10.43% | +6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -13.74% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -10.59% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -5.53% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -3.05% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.26% | -1.25% |
Volatility
JPICX vs. JEPAX - Volatility Comparison
The current volatility for JPMorgan California Tax Free Bond Fund (JPICX) is 1.06%, while JPMorgan Equity Premium Income Fund Class A (JEPAX) has a volatility of 4.15%. This indicates that JPICX 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
| JPICX | JEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 4.15% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 6.78% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 13.79% | -10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 11.43% | -8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 15.04% | -11.79% |