JPICX vs. JEPIX
Compare and contrast key facts about JPMorgan California Tax Free Bond Fund (JPICX) and JPMorgan Equity Premium Income Fund Class I (JEPIX).
JPICX is managed by JPMorgan. It was launched on Dec 22, 1996. JEPIX is managed by JPMorgan. It was launched on Aug 31, 2018.
Performance
JPICX vs. JEPIX - Performance Comparison
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JPICX vs. JEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPICX JPMorgan California Tax Free Bond Fund | -0.79% | 3.38% | 1.51% | 4.92% | -6.54% | -0.12% | 4.10% | 5.74% | 0.85% |
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% |
Returns By Period
In the year-to-date period, JPICX achieves a -0.79% return, which is significantly higher than JEPIX's -2.35% return.
JPICX
- 1D
- 0.20%
- 1M
- -2.56%
- YTD
- -0.79%
- 6M
- 0.51%
- 1Y
- 3.16%
- 3Y*
- 2.26%
- 5Y*
- 0.63%
- 10Y*
- 1.42%
JEPIX
- 1D
- 0.15%
- 1M
- -7.28%
- YTD
- -2.35%
- 6M
- 0.41%
- 1Y
- 4.98%
- 3Y*
- 8.50%
- 5Y*
- 7.58%
- 10Y*
- —
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JPICX vs. JEPIX - Expense Ratio Comparison
JPICX has a 0.70% expense ratio, which is higher than JEPIX's 0.63% expense ratio.
Return for Risk
JPICX vs. JEPIX — Risk / Return Rank
JPICX
JEPIX
JPICX vs. JEPIX - 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 I (JEPIX). 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 | JEPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.48 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.23 | 0.78 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.49 | +0.50 |
Martin ratioReturn relative to average drawdown | 3.59 | 2.28 | +1.31 |
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 | JEPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.48 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.67 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.47 | +0.71 |
Correlation
The correlation between JPICX and JEPIX is 0.08, 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. JEPIX - Dividend Comparison
JPICX's dividend yield for the trailing twelve months is around 3.03%, less than JEPIX's 7.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPICX JPMorgan California Tax Free Bond Fund | 3.03% | 3.00% | 3.01% | 2.55% | 2.03% | 1.54% | 1.70% | 2.35% | 2.80% | 2.73% | 2.66% | 3.16% |
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% |
Drawdowns
JPICX vs. JEPIX - Drawdown Comparison
The maximum JPICX drawdown since its inception was -10.59%, smaller than the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for JPICX and JEPIX.
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Drawdown Indicators
| JPICX | JEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.59% | -32.63% | +22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -10.49% | +6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -13.67% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -10.59% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -7.28% | +4.72% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -3.19% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.24% | -1.24% |
Volatility
JPICX vs. JEPIX - Volatility Comparison
The current volatility for JPMorgan California Tax Free Bond Fund (JPICX) is 0.97%, while JPMorgan Equity Premium Income Fund Class I (JEPIX) has a volatility of 3.47%. This indicates that JPICX experiences smaller price fluctuations and is considered to be less risky than JEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPICX | JEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.47% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 6.47% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 13.70% | -10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 11.39% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 14.84% | -11.59% |