WTRCX vs. JEPIX

Last updated Jul 15, 2026

WTRCX (Delaware Ivy Core Equity Fund) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both mutual funds - WTRCX is a Large Cap Blend Equities fund managed by Ivy Funds, while JEPIX is a Derivative Income fund actively managed by JPMorgan. Over the past 5 years, WTRCX returned 15.67%/yr vs 7.19%/yr for JEPIX. A 0.76 correlation means they provide meaningful diversification when combined. WTRCX charges 1.75%/yr vs 0.59%/yr for JEPIX.

Performance

WTRCX vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Core Equity Fund (WTRCX) 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, WTRCX achieves a 9.85% return, which is significantly higher than JEPIX's 3.00% return.

WTRCX

• 1D: -0.83%
• 1M: 2.23%
• 6M: 7.09%
• YTD: 9.85%
• 1Y: 15.31%
• 3Y*: 26.11%
• 5Y*: 15.67%
• 10Y*: 15.75%

JEPIX

• 1D: 0.00%
• 1M: 1.94%
• 6M: 1.44%
• YTD: 3.00%
• 1Y: 8.13%
• 3Y*: 8.94%
• 5Y*: 7.19%
• 10Y*: —

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

WTRCX vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WTRCX Delaware Ivy Core Equity Fund	9.85%	14.15%	51.17%	22.71%	-18.51%	27.71%	20.70%	30.09%	-14.80%
JEPIX JPMorgan Equity Premium Income Fund Class I	3.00%	7.82%	12.43%	9.68%	-3.81%	19.36%	6.02%	16.44%	-9.93%

Correlation

The correlation between WTRCX and JEPIX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.76

Over the past year, the correlation between WTRCX and JEPIX has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

WTRCX vs. JEPIX — Risk / Return Rank

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

WTRCX

WTRCX Risk / Return Rank: 28
WTRCX Sharpe Ratio Rank: 27
WTRCX Sortino Ratio Rank: 26
WTRCX Omega Ratio Rank: 26
WTRCX Calmar Ratio Rank: 26
WTRCX Martin Ratio Rank: 33

JEPIX

JEPIX Risk / Return Rank: 20
JEPIX Sharpe Ratio Rank: 20
JEPIX Sortino Ratio Rank: 22
JEPIX Omega Ratio Rank: 22
JEPIX Calmar Ratio Rank: 18
JEPIX Martin Ratio Rank: 17

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.

WTRCX vs. JEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Core Equity Fund (WTRCX) 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.

	WTRCX	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	0.95	+0.16
Sortino ratio: Return per unit of downside risk	1.59	1.48	+0.12
Omega ratio: Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio: Return relative to maximum drawdown	1.44	1.11	+0.33
Martin ratio: Return relative to average drawdown	5.79	3.22	+2.57

WTRCX vs. JEPIX - Sharpe Ratio Comparison

The current WTRCX Sharpe Ratio is 1.10, which is comparable to the JEPIX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of WTRCX 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

WTRCX vs. JEPIX - Drawdown Comparison

The maximum WTRCX drawdown since its inception was -54.41%, which is greater than JEPIX's maximum drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for WTRCX and JEPIX.

Drawdown Indicators

	WTRCX	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.41%	-32.63%	-21.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-7.41%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-27.46%	-13.42%	-14.04%
Max Drawdown (5Y) Largest decline over 5 years	-33.66%	-13.67%	-19.99%
Max Drawdown (10Y) Largest decline over 10 years	-33.66%	—	—
Current Drawdown Current decline from peak	-0.83%	-2.19%	+1.36%
Average Drawdown Average peak-to-trough decline	-20.90%	-3.21%	-17.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.55%	+0.19%

Volatility

WTRCX vs. JEPIX - Volatility Comparison

Delaware Ivy Core Equity Fund (WTRCX) has a higher volatility of 4.84% compared to JPMorgan Equity Premium Income Fund Class I (JEPIX) at 2.20%. This indicates that WTRCX'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

	WTRCX	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	2.20%	+2.64%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	7.02%	+4.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	8.71%	+5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.01%	11.48%	+18.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.10%	14.68%	+10.42%

WTRCX vs. JEPIX - Expense Ratio Comparison

WTRCX has a 1.75% expense ratio, which is higher than JEPIX's 0.59% expense ratio.

Dividends

WTRCX vs. JEPIX - Dividend Comparison

WTRCX's dividend yield for the trailing twelve months is around 20.84%, more than JEPIX's 7.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPIX JPMorgan Equity Premium Income Fund Class I	7.97%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%
WTRCX Delaware Ivy Core Equity Fund	20.84%	22.90%	36.18%	16.84%	19.28%	15.56%	2.66%	12.05%	18.38%	7.10%	3.92%	7.95%

Frequently Asked Questions

Can I hold both WTRCX and JEPIX in my portfolio?

WTRCX and JEPIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTRCX or JEPIX?

WTRCX has higher volatility (4.84%) compared to JEPIX (2.20%). In terms of maximum drawdown, WTRCX dropped -54.41% vs JEPIX's -32.63%.

Which has better risk-adjusted returns?

WTRCX currently has the higher Sharpe Ratio (1.10 vs 0.95), 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.