ACEIX vs. OIEJX

Last updated Jun 23, 2026

ACEIX (Invesco Equity and Income Fund) and OIEJX (JPMorgan Equity Income Fund R6) are both mutual funds - ACEIX is a Diversified Portfolio fund managed by Invesco, while OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan. Over the past 10 years, ACEIX returned 9.00%/yr vs 12.62%/yr for OIEJX. Their correlation of 0.93 suggests significant overlap in exposure. ACEIX charges 0.78%/yr vs 0.45%/yr for OIEJX.

Performance

ACEIX vs. OIEJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equity and Income Fund (ACEIX) and JPMorgan Equity Income Fund R6 (OIEJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEIX achieves a 6.48% return, which is significantly lower than OIEJX's 12.33% return. Over the past 10 years, ACEIX has underperformed OIEJX with an annualized return of 9.00%, while OIEJX has yielded a comparatively higher 12.62% annualized return.

ACEIX

• 1D: 0.34%
• 1M: 0.34%
• YTD: 6.48%
• 6M: 6.09%
• 1Y: 16.68%
• 3Y*: 12.93%
• 5Y*: 7.84%
• 10Y*: 9.00%

OIEJX

• 1D: 0.25%
• 1M: 2.74%
• YTD: 12.33%
• 6M: 11.61%
• 1Y: 24.89%
• 3Y*: 17.93%
• 5Y*: 12.20%
• 10Y*: 12.62%

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

ACEIX vs. OIEJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACEIX Invesco Equity and Income Fund	6.48%	12.85%	11.77%	10.08%	-7.75%	18.02%	9.96%	19.17%	-9.74%	10.86%
OIEJX JPMorgan Equity Income Fund R6	12.33%	14.95%	19.97%	5.05%	-1.63%	25.41%	3.87%	26.61%	-4.23%	17.85%

Correlation

The correlation between ACEIX and OIEJX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012	0.93

The correlation between ACEIX and OIEJX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

ACEIX vs. OIEJX — Risk / Return Rank

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

ACEIX

ACEIX Risk / Return Rank: 61
ACEIX Sharpe Ratio Rank: 56
ACEIX Sortino Ratio Rank: 58
ACEIX Omega Ratio Rank: 54
ACEIX Calmar Ratio Rank: 69
ACEIX Martin Ratio Rank: 70

OIEJX

OIEJX Risk / Return Rank: 77
OIEJX Sharpe Ratio Rank: 78
OIEJX Sortino Ratio Rank: 77
OIEJX Omega Ratio Rank: 72
OIEJX Calmar Ratio Rank: 82
OIEJX Martin Ratio Rank: 78

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.

ACEIX vs. OIEJX - Risk-Adjusted Trends 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.

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.

	ACEIX	OIEJX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.38	-0.34
Sortino ratio: Return per unit of downside risk	2.91	3.37	-0.46
Omega ratio: Gain probability vs. loss probability	1.37	1.43	-0.06
Calmar ratio: Return relative to maximum drawdown	3.06	3.55	-0.49
Martin ratio: Return relative to average drawdown	12.59	13.62	-1.03

ACEIX vs. OIEJX - Sharpe Ratio Comparison

The current ACEIX Sharpe Ratio is 2.04, which is comparable to the OIEJX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of ACEIX and OIEJX, 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

ACEIX vs. OIEJX - Drawdown Comparison

The maximum ACEIX drawdown since its inception was -40.08%, 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.

Drawdown Indicators

	ACEIX	OIEJX	Difference
Max Drawdown Largest peak-to-trough decline	-40.08%	-36.88%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.50%	-7.08%	+1.58%
Max Drawdown (3Y) Largest decline over 3 years	-12.40%	-14.16%	+1.76%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-14.74%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	-30.80%	-36.88%	+6.08%
Current Drawdown Current decline from peak	-0.94%	-0.72%	-0.22%
Average Drawdown Average peak-to-trough decline	-4.60%	-3.00%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	1.84%	-0.51%

Volatility

ACEIX vs. OIEJX - Volatility Comparison

The current volatility for Invesco Equity and Income Fund (ACEIX) is 2.74%, while JPMorgan Equity Income Fund R6 (OIEJX) has a volatility of 3.29%. 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.

Volatility by Period

	ACEIX	OIEJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	3.29%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	6.38%	8.05%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	8.25%	10.55%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.13%	14.32%	-3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	16.80%	-3.95%

ACEIX vs. OIEJX - Expense Ratio Comparison

ACEIX has a 0.78% expense ratio, which is higher than OIEJX's 0.45% expense ratio.

Dividends

ACEIX vs. OIEJX - Dividend Comparison

ACEIX's dividend yield for the trailing twelve months is around 6.48%, less than OIEJX's 9.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEIX Invesco Equity and Income Fund	6.48%	6.87%	8.28%	6.91%	6.65%	13.74%	2.94%	5.53%	8.91%	6.73%	3.94%	5.17%
OIEJX JPMorgan Equity Income Fund R6	9.87%	11.06%	14.67%	3.01%	3.93%	3.57%	2.04%	3.01%	5.37%	2.70%	2.71%	3.03%

Frequently Asked Questions

Can I hold both ACEIX and OIEJX in my portfolio?

With a correlation of 0.93, ACEIX and OIEJX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ACEIX or OIEJX?

OIEJX has higher volatility (3.29%) compared to ACEIX (2.74%). In terms of maximum drawdown, ACEIX dropped -40.08% vs OIEJX's -36.88%.

Which has better risk-adjusted returns?

OIEJX currently has the higher Sharpe Ratio (2.38 vs 2.04), 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.