JRBEX vs. JEPIX

Last updated Jun 4, 2026

JRBEX (JPMorgan SmartRetirement Blend 2030 Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - JRBEX is a Target Retirement Date fund managed by JPMorgan, while JEPIX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, JRBEX returned 6.55%/yr vs 7.14%/yr for JEPIX. A 0.74 correlation means they provide meaningful diversification when combined. JRBEX charges 0.32%/yr vs 0.63%/yr for JEPIX.

Performance

JRBEX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2030 Fund (JRBEX) and JPMorgan Equity Premium Income Fund Class I (JEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRBEX achieves a 7.63% return, which is significantly higher than JEPIX's -0.05% return.

JRBEX

• 1D: 0.26%
• 1M: 3.23%
• YTD: 7.63%
• 6M: 7.97%
• 1Y: 18.92%
• 3Y*: 13.73%
• 5Y*: 6.55%
• 10Y*: 8.49%

JEPIX

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

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

JRBEX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JRBEX JPMorgan SmartRetirement Blend 2030 Fund	7.63%	15.33%	7.14%	18.28%	-16.36%	11.63%	11.91%	20.65%	-8.45%
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%

Correlation

The correlation between JRBEX and JEPIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.74

The correlation between JRBEX and JEPIX shifts across timeframes, from 0.63 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JRBEX vs. JEPIX — Risk / Return Rank

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

JRBEX

JRBEX Risk / Return Rank: 70
JRBEX Sharpe Ratio Rank: 70
JRBEX Sortino Ratio Rank: 71
JRBEX Omega Ratio Rank: 69
JRBEX Calmar Ratio Rank: 65
JRBEX Martin Ratio Rank: 72

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

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.

JRBEX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2030 Fund (JRBEX) 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.

	JRBEX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	0.90	+1.56
Sortino ratio: Return per unit of downside risk	3.54	1.41	+2.12
Omega ratio: Gain probability vs. loss probability	1.46	1.17	+0.29
Calmar ratio: Return relative to maximum drawdown	3.12	1.04	+2.08
Martin ratio: Return relative to average drawdown	13.72	3.45	+10.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRBEX vs. JEPIX - Sharpe Ratio Comparison

The current JRBEX Sharpe Ratio is 2.46, which is higher than the JEPIX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of JRBEX and JEPIX, 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

	JRBEX	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	0.90	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.63	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.48	+0.27

Drawdowns

JRBEX vs. JEPIX - Drawdown Comparison

The maximum JRBEX drawdown since its inception was -25.15%, smaller than the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for JRBEX and JEPIX.

Drawdown Indicators

	JRBEX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.15%	-32.63%	+7.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-7.41%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-9.58%	-13.42%	+3.84%
Max Drawdown (5Y) Largest decline over 5 years	-22.21%	-13.67%	-8.54%
Max Drawdown (10Y) Largest decline over 10 years	-25.15%	—	—
Current Drawdown Current decline from peak	0.00%	-5.09%	+5.09%
Average Drawdown Average peak-to-trough decline	-3.65%	-3.21%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	2.23%	-0.83%

Volatility

JRBEX vs. JEPIX - Volatility Comparison

JPMorgan SmartRetirement Blend 2030 Fund (JRBEX) has a higher volatility of 2.66% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 1.49%. This indicates that JRBEX's price experiences larger fluctuations and is considered to be riskier than JEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRBEX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	1.49%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	6.29%	6.76%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	7.81%	8.54%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.41%	11.46%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.09%	14.75%	-3.66%

JRBEX vs. JEPIX - Expense Ratio Comparison

JRBEX has a 0.32% expense ratio, which is lower than JEPIX's 0.63% expense ratio.

Dividends

JRBEX vs. JEPIX - Dividend Comparison

JRBEX's dividend yield for the trailing twelve months is around 2.84%, less than JEPIX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
JRBEX JPMorgan SmartRetirement Blend 2030 Fund	2.84%	3.06%	2.86%	2.47%	1.94%	5.57%	2.51%	3.19%	6.01%	1.99%	2.09%	2.09%

Frequently Asked Questions

Can I hold both JRBEX and JEPIX in my portfolio?

JRBEX and JEPIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JRBEX or JEPIX?

JRBEX has higher volatility (2.66%) compared to JEPIX (1.49%). In terms of maximum drawdown, JRBEX dropped -25.15% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

JRBEX currently has the higher Sharpe Ratio (2.46 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.