OGIAX vs. JEPAX

Last updated Jun 4, 2026

OGIAX (JPMorgan Investor Balanced A) and JEPAX (JPMorgan Equity Premium Income Fund Class A) are both mutual funds - OGIAX is a Diversified Portfolio fund managed by JPMorgan, while JEPAX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, OGIAX returned 5.99%/yr vs 6.87%/yr for JEPAX. A 0.75 correlation means they provide meaningful diversification when combined. OGIAX charges 0.97%/yr vs 0.85%/yr for JEPAX.

Performance

OGIAX vs. JEPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Investor Balanced A (OGIAX) and JPMorgan Equity Premium Income Fund Class A (JEPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGIAX achieves a 5.20% return, which is significantly higher than JEPAX's -0.08% return.

OGIAX

• 1D: 0.17%
• 1M: 2.53%
• YTD: 5.20%
• 6M: 5.38%
• 1Y: 14.60%
• 3Y*: 11.82%
• 5Y*: 5.99%
• 10Y*: 8.30%

JEPAX

• 1D: 0.07%
• 1M: -1.67%
• YTD: -0.08%
• 6M: 0.19%
• 1Y: 7.24%
• 3Y*: 8.38%
• 5Y*: 6.87%
• 10Y*: —

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

OGIAX vs. JEPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
OGIAX JPMorgan Investor Balanced A	5.20%	12.46%	9.00%	14.74%	-13.87%	11.73%	13.91%	14.05%
JEPAX JPMorgan Equity Premium Income Fund Class A	-0.08%	7.55%	12.07%	9.42%	-4.05%	19.13%	5.75%	7.45%

Correlation

The correlation between OGIAX and JEPAX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019	0.75

The correlation between OGIAX and JEPAX has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

Return for Risk

OGIAX vs. JEPAX — Risk / Return Rank

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

OGIAX

OGIAX Risk / Return Rank: 55
OGIAX Sharpe Ratio Rank: 55
OGIAX Sortino Ratio Rank: 56
OGIAX Omega Ratio Rank: 56
OGIAX Calmar Ratio Rank: 48
OGIAX Martin Ratio Rank: 58

JEPAX

JEPAX Risk / Return Rank: 11
JEPAX Sharpe Ratio Rank: 11
JEPAX Sortino Ratio Rank: 12
JEPAX Omega Ratio Rank: 11
JEPAX Calmar Ratio Rank: 10
JEPAX 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.

OGIAX vs. JEPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Balanced A (OGIAX) 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.

	OGIAX	JEPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	0.86	+1.32
Sortino ratio: Return per unit of downside risk	3.17	1.36	+1.81
Omega ratio: Gain probability vs. loss probability	1.41	1.16	+0.25
Calmar ratio: Return relative to maximum drawdown	2.65	1.00	+1.64
Martin ratio: Return relative to average drawdown	11.56	3.29	+8.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGIAX vs. JEPAX - Sharpe Ratio Comparison

The current OGIAX Sharpe Ratio is 2.18, which is higher than the JEPAX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of OGIAX and JEPAX, 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

	OGIAX	JEPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	0.86	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.60	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.52	+0.22

Drawdowns

OGIAX vs. JEPAX - Drawdown Comparison

The maximum OGIAX drawdown since its inception was -29.75%, smaller than the maximum JEPAX drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for OGIAX and JEPAX.

Drawdown Indicators

	OGIAX	JEPAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.75%	-32.69%	+2.94%
Max Drawdown (1Y) Largest decline over 1 year	-5.62%	-7.41%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-8.70%	-13.43%	+4.73%
Max Drawdown (5Y) Largest decline over 5 years	-18.78%	-13.74%	-5.04%
Max Drawdown (10Y) Largest decline over 10 years	-21.07%	—	—
Current Drawdown Current decline from peak	0.00%	-5.15%	+5.15%
Average Drawdown Average peak-to-trough decline	-3.57%	-3.08%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	2.25%	-0.97%

Volatility

OGIAX vs. JEPAX - Volatility Comparison

JPMorgan Investor Balanced A (OGIAX) has a higher volatility of 2.22% compared to JPMorgan Equity Premium Income Fund Class A (JEPAX) at 1.51%. This indicates that OGIAX's price experiences larger fluctuations and is considered to be riskier than JEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGIAX	JEPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	1.51%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	5.49%	6.85%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	6.83%	8.60%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.96%	11.48%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.32%	14.93%	-5.61%

OGIAX vs. JEPAX - Expense Ratio Comparison

OGIAX has a 0.97% expense ratio, which is higher than JEPAX's 0.85% expense ratio.

Dividends

OGIAX vs. JEPAX - Dividend Comparison

OGIAX's dividend yield for the trailing twelve months is around 5.63%, less than JEPAX's 7.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPAX JPMorgan Equity Premium Income Fund Class A	7.91%	7.88%	6.95%	8.19%	11.98%	5.96%	11.35%	5.61%	0.00%	0.00%	0.00%	0.00%
OGIAX JPMorgan Investor Balanced A	5.63%	5.87%	5.76%	3.28%	6.82%	5.11%	5.99%	11.18%	7.63%	6.70%	3.56%	4.94%

Frequently Asked Questions

Can I hold both OGIAX and JEPAX in my portfolio?

OGIAX and JEPAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OGIAX or JEPAX?

OGIAX has higher volatility (2.22%) compared to JEPAX (1.51%). In terms of maximum drawdown, OGIAX dropped -29.75% vs JEPAX's -32.69%.

Which has better risk-adjusted returns?

OGIAX currently has the higher Sharpe Ratio (2.18 vs 0.86), 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.