ACEIX vs. OIEJX
Compare and contrast key facts about Invesco Equity and Income Fund (ACEIX) and JPMorgan Equity Income Fund R6 (OIEJX).
ACEIX is managed by Invesco. It was launched on Aug 2, 1960. OIEJX is managed by JPMorgan Chase. It was launched on Jul 2, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACEIX or OIEJX.
Performance
ACEIX vs. OIEJX - Performance Comparison
Returns By Period
In the year-to-date period, ACEIX achieves a 15.74% return, which is significantly lower than OIEJX's 19.80% return. Over the past 10 years, ACEIX has underperformed OIEJX with an annualized return of 7.18%, while OIEJX has yielded a comparatively higher 8.80% annualized return.
ACEIX
15.74%
3.04%
10.20%
22.34%
9.42%
7.18%
OIEJX
19.80%
2.45%
13.26%
25.64%
9.71%
8.80%
Key characteristics
| ACEIX | OIEJX | |
|---|---|---|
| Sharpe Ratio | 2.80 | 2.54 |
| Sortino Ratio | 4.05 | 3.59 |
| Omega Ratio | 1.53 | 1.46 |
| Calmar Ratio | 3.84 | 4.49 |
| Martin Ratio | 17.52 | 16.44 |
| Ulcer Index | 1.30% | 1.59% |
| Daily Std Dev | 8.12% | 10.28% |
| Max Drawdown | -38.81% | -36.88% |
| Current Drawdown | -0.43% | -0.04% |
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ACEIX vs. OIEJX - Expense Ratio Comparison
ACEIX has a 0.78% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Correlation
The correlation between ACEIX and OIEJX is 0.93, 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.
Risk-Adjusted Performance
ACEIX vs. OIEJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equity and Income Fund (ACEIX) and JPMorgan Equity Income Fund R6 (OIEJX). 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.
Dividends
ACEIX vs. OIEJX - Dividend Comparison
ACEIX's dividend yield for the trailing twelve months is around 1.79%, less than OIEJX's 1.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 1.79% | 2.00% | 1.90% | 1.42% | 1.62% | 1.89% | 2.36% | 2.04% | 1.72% | 2.37% | 2.80% | 1.91% |
OIEJX JPMorgan Equity Income Fund R6 | 1.96% | 2.30% | 2.21% | 1.75% | 2.05% | 2.01% | 2.46% | 1.83% | 2.11% | 2.26% | 2.16% | 2.06% |
Drawdowns
ACEIX vs. OIEJX - Drawdown Comparison
The maximum ACEIX drawdown since its inception was -38.81%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for ACEIX and OIEJX. For additional features, visit the drawdowns tool.
Volatility
ACEIX vs. OIEJX - Volatility Comparison
The current volatility for Invesco Equity and Income Fund (ACEIX) is 2.95%, while JPMorgan Equity Income Fund R6 (OIEJX) has a volatility of 3.90%. This indicates that ACEIX experiences smaller price fluctuations and is considered to be less risky than OIEJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.