AUIAX vs. OIEJX
Compare and contrast key facts about AB Equity Income Fund (AUIAX) and JPMorgan Equity Income Fund R6 (OIEJX).
AUIAX is managed by AllianceBernstein. It was launched on Oct 18, 1993. 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: AUIAX or OIEJX.
Key characteristics
| AUIAX | OIEJX | |
|---|---|---|
| YTD Return | 7.42% | 4.56% |
| 1Y Return | 23.19% | 11.97% |
| 3Y Return (Ann) | 9.29% | 5.95% |
| 5Y Return (Ann) | 11.09% | 9.34% |
| 10Y Return (Ann) | 9.21% | 9.64% |
| Sharpe Ratio | 2.28 | 1.27 |
| Daily Std Dev | 11.01% | 10.48% |
| Max Drawdown | -46.97% | -36.88% |
| Current Drawdown | -3.08% | -2.65% |
Correlation
The correlation between AUIAX and OIEJX is 0.94, 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.
Performance
AUIAX vs. OIEJX - Performance Comparison
In the year-to-date period, AUIAX achieves a 7.42% return, which is significantly higher than OIEJX's 4.56% return. Both investments have delivered pretty close results over the past 10 years, with AUIAX having a 9.21% annualized return and OIEJX not far ahead at 9.64%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AUIAX vs. OIEJX - Expense Ratio Comparison
AUIAX has a 0.97% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Risk-Adjusted Performance
AUIAX vs. OIEJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Equity Income Fund (AUIAX) 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
AUIAX vs. OIEJX - Dividend Comparison
AUIAX's dividend yield for the trailing twelve months is around 3.51%, more than OIEJX's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUIAX AB Equity Income Fund | 3.51% | 2.68% | 7.73% | 16.44% | 2.65% | 5.61% | 13.48% | 6.11% | 2.85% | 5.39% | 10.50% | 10.68% |
OIEJX JPMorgan Equity Income Fund R6 | 2.74% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.38% | 2.70% | 2.71% | 2.26% | 4.11% | 3.72% |
Drawdowns
AUIAX vs. OIEJX - Drawdown Comparison
The maximum AUIAX drawdown since its inception was -46.97%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for AUIAX and OIEJX. For additional features, visit the drawdowns tool.
Volatility
AUIAX vs. OIEJX - Volatility Comparison
AB Equity Income Fund (AUIAX) has a higher volatility of 3.15% compared to JPMorgan Equity Income Fund R6 (OIEJX) at 2.86%. This indicates that AUIAX's price experiences larger fluctuations and is considered to be riskier than OIEJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.