MENYX vs. JEPIX

Last updated Apr 2, 2026

Compare and contrast key facts about Madison Covered Call & Equity Income Fund (MENYX) and JPMorgan Equity Premium Income Fund Class I (JEPIX).

MENYX is managed by Madison Funds. It was launched on Oct 29, 2009. JEPIX is managed by JPMorgan. It was launched on Aug 31, 2018.

Performance

MENYX vs. JEPIX - Performance Comparison

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

MENYX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MENYX Madison Covered Call & Equity Income Fund	3.70%	6.69%	2.79%	10.66%	5.06%	18.71%	12.65%	15.76%	-11.06%
JEPIX JPMorgan Equity Premium Income Fund Class I	-0.51%	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, MENYX achieves a 3.70% return, which is significantly higher than JEPIX's -0.51% return.

MENYX

• 1D: -0.63%
• 1M: -2.25%
• YTD: 3.70%
• 6M: 3.96%
• 1Y: 12.79%
• 3Y*: 6.04%
• 5Y*: 6.99%
• 10Y*: 8.17%

JEPIX

• 1D: 1.89%
• 1M: -5.27%
• YTD: -0.51%
• 6M: 2.16%
• 1Y: 6.88%
• 3Y*: 9.18%
• 5Y*: 7.91%
• 10Y*: —

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

MENYX vs. JEPIX - Expense Ratio Comparison

MENYX has a 1.01% expense ratio, which is higher than JEPIX's 0.63% expense ratio.

MENYX

Madison Covered Call & Equity Income Fund

JEPIX

JPMorgan Equity Premium Income Fund Class I

Return for Risk

MENYX vs. JEPIX — Risk / Return Rank

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

MENYX

MENYX Risk / Return Rank: 41
MENYX Sharpe Ratio Rank: 36
MENYX Sortino Ratio Rank: 35
MENYX Omega Ratio Rank: 45
MENYX Calmar Ratio Rank: 38
MENYX Martin Ratio Rank: 49

JEPIX

JEPIX Risk / Return Rank: 24
JEPIX Sharpe Ratio Rank: 18
JEPIX Sortino Ratio Rank: 17
JEPIX Omega Ratio Rank: 21
JEPIX Calmar Ratio Rank: 27
JEPIX Martin Ratio Rank: 34

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.

MENYX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) 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.

	MENYX	JEPIX	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.51	+0.36
Sortino ratio Return per unit of downside risk	1.27	0.82	+0.45
Omega ratio Gain probability vs. loss probability	1.21	1.13	+0.08
Calmar ratio Return relative to maximum drawdown	1.14	0.82	+0.32
Martin ratio Return relative to average drawdown	5.42	3.77	+1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MENYX vs. JEPIX - Sharpe Ratio Comparison

The current MENYX Sharpe Ratio is 0.87, which is higher than the JEPIX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of MENYX and JEPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MENYX	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.51	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.70	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.48	+0.12

Correlation

The correlation between MENYX and JEPIX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MENYX vs. JEPIX - Dividend Comparison

MENYX's dividend yield for the trailing twelve months is around 6.75%, less than JEPIX's 7.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MENYX Madison Covered Call & Equity Income Fund	6.75%	8.52%	7.83%	7.71%	6.98%	6.48%	6.34%	7.07%	9.82%	7.64%	6.74%	7.48%
JEPIX JPMorgan Equity Premium Income Fund Class I	7.55%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MENYX vs. JEPIX - Drawdown Comparison

The maximum MENYX drawdown since its inception was -28.38%, smaller than the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for MENYX and JEPIX.

Drawdown Indicators

	MENYX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.38%	-32.63%	+4.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-10.49%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-13.67%	-2.47%
Max Drawdown (10Y) Largest decline over 10 years	-28.38%	—	—
Current Drawdown Current decline from peak	-3.44%	-5.53%	+2.09%
Average Drawdown Average peak-to-trough decline	-2.51%	-3.19%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.27%	+0.18%

Volatility

MENYX vs. JEPIX - Volatility Comparison

The current volatility for Madison Covered Call & Equity Income Fund (MENYX) is 2.62%, while JPMorgan Equity Premium Income Fund Class I (JEPIX) has a volatility of 4.12%. This indicates that MENYX 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.

Volatility by Period

	MENYX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	4.12%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	6.74%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	13.80%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.40%	11.41%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.43%	14.85%	-1.42%