OSTCX vs. JEPIX

Last updated Jun 24, 2026

OSTCX (JPMorgan Short Duration Bond Fund Class C) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - OSTCX is a Short-Term Bond fund tracking the Bloomberg 1-3 Year U.S. Government/Credit Bond Index, while JEPIX is a Derivative Income fund actively managed by JPMorgan. OSTCX is passively managed, while JEPIX is actively managed. Over the past 5 years, OSTCX returned 1.64%/yr vs 7.34%/yr for JEPIX. At a 0.08 correlation, their price movements are largely independent. OSTCX charges 1.09%/yr vs 0.59%/yr for JEPIX.

Performance

OSTCX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Short Duration Bond Fund Class C (OSTCX) 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, OSTCX achieves a 0.02% return, which is significantly lower than JEPIX's 0.90% return.

OSTCX

• 1D: -0.09%
• 1M: 0.09%
• YTD: 0.02%
• 6M: 0.21%
• 1Y: 2.41%
• 3Y*: 4.13%
• 5Y*: 1.64%
• 10Y*: 1.50%

JEPIX

• 1D: -0.07%
• 1M: 0.35%
• YTD: 0.90%
• 6M: 1.13%
• 1Y: 8.22%
• 3Y*: 9.01%
• 5Y*: 7.34%
• 10Y*: —

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

OSTCX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OSTCX JPMorgan Short Duration Bond Fund Class C	0.02%	4.75%	4.34%	4.68%	-4.40%	-0.82%	3.70%	3.44%	0.68%
JEPIX JPMorgan Equity Premium Income Fund Class I	0.90%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between OSTCX and JEPIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.08

Over the past year, OSTCX and JEPIX have become more correlated (0.31) than their long-term average of 0.08, meaning their price movements have been converging.

Return for Risk

OSTCX vs. JEPIX — Risk / Return Rank

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

OSTCX

OSTCX Risk / Return Rank: 43
OSTCX Sharpe Ratio Rank: 42
OSTCX Sortino Ratio Rank: 50
OSTCX Omega Ratio Rank: 52
OSTCX Calmar Ratio Rank: 41
OSTCX Martin Ratio Rank: 32

JEPIX

JEPIX Risk / Return Rank: 15
JEPIX Sharpe Ratio Rank: 15
JEPIX Sortino Ratio Rank: 17
JEPIX Omega Ratio Rank: 16
JEPIX Calmar Ratio Rank: 14
JEPIX Martin Ratio Rank: 14

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.

OSTCX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Bond Fund Class C (OSTCX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OSTCX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.03	+0.72
Sortino ratio: Return per unit of downside risk	2.74	1.60	+1.14
Omega ratio: Gain probability vs. loss probability	1.37	1.20	+0.17
Calmar ratio: Return relative to maximum drawdown	2.31	1.21	+1.11
Martin ratio: Return relative to average drawdown	6.92	3.66	+3.26

OSTCX vs. JEPIX - Sharpe Ratio Comparison

The current OSTCX Sharpe Ratio is 1.75, which is higher than the JEPIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of OSTCX 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.

Drawdowns

OSTCX vs. JEPIX - Drawdown Comparison

The maximum OSTCX drawdown since its inception was -6.80%, smaller than the maximum JEPIX drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for OSTCX and JEPIX.

Drawdown Indicators

	OSTCX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-6.80%	-32.63%	+25.83%
Max Drawdown (1Y) Largest decline over 1 year	-1.09%	-7.41%	+6.32%
Max Drawdown (3Y) Largest decline over 3 years	-1.09%	-13.42%	+12.33%
Max Drawdown (5Y) Largest decline over 5 years	-6.62%	-13.67%	+7.05%
Max Drawdown (10Y) Largest decline over 10 years	-6.80%	—	—
Current Drawdown Current decline from peak	-0.69%	-4.19%	+3.50%
Average Drawdown Average peak-to-trough decline	-0.70%	-3.21%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	2.44%	-2.08%

Volatility

OSTCX vs. JEPIX - Volatility Comparison

The current volatility for JPMorgan Short Duration Bond Fund Class C (OSTCX) is 0.50%, while JPMorgan Equity Premium Income Fund Class I (JEPIX) has a volatility of 2.47%. This indicates that OSTCX 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

	OSTCX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	2.47%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	1.04%	6.94%	-5.90%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	8.72%	-7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.98%	11.47%	-9.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.65%	14.72%	-13.07%

OSTCX vs. JEPIX - Expense Ratio Comparison

OSTCX has a 1.09% expense ratio, which is higher than JEPIX's 0.59% expense ratio.

Dividends

OSTCX vs. JEPIX - Dividend Comparison

OSTCX's dividend yield for the trailing twelve months is around 3.15%, less than JEPIX's 8.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPIX JPMorgan Equity Premium Income Fund Class I	8.10%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%
OSTCX JPMorgan Short Duration Bond Fund Class C	3.15%	3.44%	3.21%	2.19%	0.69%	0.44%	1.28%	1.62%	0.95%	0.44%	0.21%	0.19%

Frequently Asked Questions

Can I hold both OSTCX and JEPIX in my portfolio?

OSTCX and JEPIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSTCX or JEPIX?

JEPIX has higher volatility (2.47%) compared to OSTCX (0.50%). In terms of maximum drawdown, OSTCX dropped -6.80% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

OSTCX currently has the higher Sharpe Ratio (1.75 vs 1.03), 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.