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PIAMX vs. JEPAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PIAMXJEPAX
YTD Return10.26%16.03%
1Y Return15.65%20.72%
3Y Return (Ann)4.37%8.05%
5Y Return (Ann)6.39%9.76%
Sharpe Ratio5.662.89
Sortino Ratio9.374.16
Omega Ratio2.561.60
Calmar Ratio7.935.28
Martin Ratio67.0019.20
Ulcer Index0.23%1.08%
Daily Std Dev2.77%7.19%
Max Drawdown-18.15%-32.68%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.3

The correlation between PIAMX and JEPAX is 0.35, 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.

Performance

PIAMX vs. JEPAX - Performance Comparison

In the year-to-date period, PIAMX achieves a 10.26% return, which is significantly lower than JEPAX's 16.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.06%
8.86%
PIAMX
JEPAX

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PIAMX vs. JEPAX - Expense Ratio Comparison

PIAMX has a 0.20% expense ratio, which is lower than JEPAX's 0.85% expense ratio.


JEPAX
JPMorgan Equity Premium Income Fund Class A
Expense ratio chart for JEPAX: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for PIAMX: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

PIAMX vs. JEPAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) 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.


PIAMX
Sharpe ratio
The chart of Sharpe ratio for PIAMX, currently valued at 5.66, compared to the broader market0.002.004.005.66
Sortino ratio
The chart of Sortino ratio for PIAMX, currently valued at 9.37, compared to the broader market0.005.0010.009.37
Omega ratio
The chart of Omega ratio for PIAMX, currently valued at 2.56, compared to the broader market1.002.003.004.002.56
Calmar ratio
The chart of Calmar ratio for PIAMX, currently valued at 8.43, compared to the broader market0.005.0010.0015.0020.008.43
Martin ratio
The chart of Martin ratio for PIAMX, currently valued at 67.00, compared to the broader market0.0020.0040.0060.0080.00100.0067.00
JEPAX
Sharpe ratio
The chart of Sharpe ratio for JEPAX, currently valued at 2.89, compared to the broader market0.002.004.002.89
Sortino ratio
The chart of Sortino ratio for JEPAX, currently valued at 4.16, compared to the broader market0.005.0010.004.16
Omega ratio
The chart of Omega ratio for JEPAX, currently valued at 1.59, compared to the broader market1.002.003.004.001.60
Calmar ratio
The chart of Calmar ratio for JEPAX, currently valued at 5.28, compared to the broader market0.005.0010.0015.0020.005.28
Martin ratio
The chart of Martin ratio for JEPAX, currently valued at 19.20, compared to the broader market0.0020.0040.0060.0080.00100.0019.20

PIAMX vs. JEPAX - Sharpe Ratio Comparison

The current PIAMX Sharpe Ratio is 5.66, which is higher than the JEPAX Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of PIAMX and JEPAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
5.66
2.89
PIAMX
JEPAX

Dividends

PIAMX vs. JEPAX - Dividend Comparison

PIAMX's dividend yield for the trailing twelve months is around 8.37%, more than JEPAX's 6.65% yield.


TTM2023202220212020201920182017
PIAMX
PIA High Yield (MACS) Fund
8.37%8.12%8.72%7.03%6.63%6.74%6.66%0.06%
JEPAX
JPMorgan Equity Premium Income Fund Class A
6.65%8.19%11.97%7.36%11.35%7.51%0.00%0.00%

Drawdowns

PIAMX vs. JEPAX - Drawdown Comparison

The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum JEPAX drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for PIAMX and JEPAX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
PIAMX
JEPAX

Volatility

PIAMX vs. JEPAX - Volatility Comparison

The current volatility for PIA High Yield (MACS) Fund (PIAMX) is 0.64%, while JPMorgan Equity Premium Income Fund Class A (JEPAX) has a volatility of 1.86%. This indicates that PIAMX experiences smaller price fluctuations and is considered to be less risky than JEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
0.64%
1.86%
PIAMX
JEPAX