VSEAX vs. JEPIX

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Small Cap Equity Fund (VSEAX) and JPMorgan Equity Premium Income Fund Class I (JEPIX).

VSEAX is managed by JPMorgan. It was launched on Dec 20, 1994. JEPIX is managed by JPMorgan. It was launched on Aug 31, 2018.

Performance

VSEAX vs. JEPIX - Performance Comparison

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

VSEAX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VSEAX JPMorgan Small Cap Equity Fund	-4.91%	-2.63%	11.46%	11.71%	-16.27%	15.47%	18.14%	28.15%	-18.92%
JEPIX JPMorgan Equity Premium Income Fund Class I	-2.35%	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, VSEAX achieves a -4.91% return, which is significantly lower than JEPIX's -2.35% return.

VSEAX

• 1D: -0.45%
• 1M: -9.21%
• YTD: -4.91%
• 6M: -4.59%
• 1Y: -0.42%
• 3Y*: 4.01%
• 5Y*: 0.82%
• 10Y*: 7.55%

JEPIX

• 1D: 0.15%
• 1M: -7.28%
• YTD: -2.35%
• 6M: 0.41%
• 1Y: 4.98%
• 3Y*: 8.50%
• 5Y*: 7.58%
• 10Y*: —

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

VSEAX vs. JEPIX - Expense Ratio Comparison

VSEAX has a 1.27% expense ratio, which is higher than JEPIX's 0.63% expense ratio.

VSEAX

JPMorgan Small Cap Equity Fund

JEPIX

JPMorgan Equity Premium Income Fund Class I

Return for Risk

VSEAX vs. JEPIX — Risk / Return Rank

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

VSEAX

VSEAX Risk / Return Rank: 5
VSEAX Sharpe Ratio Rank: 5
VSEAX Sortino Ratio Rank: 5
VSEAX Omega Ratio Rank: 5
VSEAX Calmar Ratio Rank: 4
VSEAX Martin Ratio Rank: 4

JEPIX

JEPIX Risk / Return Rank: 20
JEPIX Sharpe Ratio Rank: 20
JEPIX Sortino Ratio Rank: 19
JEPIX Omega Ratio Rank: 23
JEPIX Calmar Ratio Rank: 17
JEPIX Martin Ratio Rank: 22

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.

VSEAX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Small Cap Equity Fund (VSEAX) 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.

	VSEAX	JEPIX	Difference
Sharpe ratio Return per unit of total volatility	-0.00	0.48	-0.48
Sortino ratio Return per unit of downside risk	0.16	0.78	-0.62
Omega ratio Gain probability vs. loss probability	1.02	1.12	-0.11
Calmar ratio Return relative to maximum drawdown	-0.14	0.49	-0.63
Martin ratio Return relative to average drawdown	-0.41	2.28	-2.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSEAX vs. JEPIX - Sharpe Ratio Comparison

The current VSEAX Sharpe Ratio is -0.00, which is lower than the JEPIX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of VSEAX 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

	VSEAX	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	0.48	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.67	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.47	+0.08

Correlation

The correlation between VSEAX and JEPIX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VSEAX vs. JEPIX - Dividend Comparison

VSEAX's dividend yield for the trailing twelve months is around 26.76%, more than JEPIX's 7.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSEAX JPMorgan Small Cap Equity Fund	26.76%	25.45%	14.31%	4.81%	15.49%	22.80%	2.89%	4.96%	8.25%	5.99%	2.98%	8.31%
JEPIX JPMorgan Equity Premium Income Fund Class I	7.69%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VSEAX vs. JEPIX - Drawdown Comparison

The maximum VSEAX drawdown since its inception was -48.86%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for VSEAX and JEPIX.

Drawdown Indicators

	VSEAX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.86%	-32.63%	-16.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.12%	-10.49%	-3.63%
Max Drawdown (5Y) Largest decline over 5 years	-26.53%	-13.67%	-12.86%
Max Drawdown (10Y) Largest decline over 10 years	-41.69%	—	—
Current Drawdown Current decline from peak	-13.88%	-7.28%	-6.60%
Average Drawdown Average peak-to-trough decline	-8.10%	-3.19%	-4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	2.24%	+2.59%

Volatility

VSEAX vs. JEPIX - Volatility Comparison

JPMorgan Small Cap Equity Fund (VSEAX) has a higher volatility of 5.86% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 3.47%. This indicates that VSEAX'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

	VSEAX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	3.47%	+2.39%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	6.47%	+5.92%
Volatility (1Y) Calculated over the trailing 1-year period	21.92%	13.70%	+8.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	11.39%	+8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	14.84%	+5.78%