CVFCX vs. OIEJX
CVFCX (Pioneer Disciplined Value Fund) and OIEJX (JPMorgan Equity Income Fund R6) are both Large Cap Value Equities funds. Over the past 10 years, CVFCX returned 11.37%/yr vs 12.88%/yr for OIEJX. Their correlation of 0.94 suggests significant overlap in exposure. CVFCX charges 0.91%/yr vs 0.45%/yr for OIEJX.
Performance
CVFCX vs. OIEJX - Performance Comparison
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Returns By Period
In the year-to-date period, CVFCX achieves a 7.31% return, which is significantly lower than OIEJX's 13.03% return. Over the past 10 years, CVFCX has underperformed OIEJX with an annualized return of 11.37%, while OIEJX has yielded a comparatively higher 12.88% annualized return.
CVFCX
- 1D
- 0.52%
- 1M
- 0.40%
- YTD
- 7.31%
- 6M
- 6.72%
- 1Y
- 21.09%
- 3Y*
- 14.64%
- 5Y*
- 8.97%
- 10Y*
- 11.37%
OIEJX
- 1D
- 0.62%
- 1M
- 3.37%
- YTD
- 13.03%
- 6M
- 12.25%
- 1Y
- 24.74%
- 3Y*
- 18.91%
- 5Y*
- 11.91%
- 10Y*
- 12.88%
CVFCX vs. OIEJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 7.31% | 17.37% | 12.11% | 8.19% | -9.69% | 27.72% | 5.64% | 29.54% | -13.17% | 21.67% |
OIEJX JPMorgan Equity Income Fund R6 | 13.03% | 14.95% | 19.97% | 5.05% | -1.63% | 25.41% | 3.87% | 26.61% | -4.23% | 17.85% |
Correlation
The correlation between CVFCX and OIEJX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
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 | 0.94 |
The correlation between CVFCX and OIEJX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
CVFCX vs. OIEJX — Risk / Return Rank
CVFCX
OIEJX
CVFCX vs. OIEJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Disciplined Value Fund (CVFCX) 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.
| CVFCX | OIEJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.64 | -0.88 |
| Martin ratioReturn relative to average drawdown | 8.63 | 13.95 | -5.33 |
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Drawdowns
CVFCX vs. OIEJX - Drawdown Comparison
The maximum CVFCX drawdown since its inception was -55.99%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for CVFCX and OIEJX.
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Drawdown Indicators
| CVFCX | OIEJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.99% | -36.88% | -19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -7.08% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -14.16% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -14.74% | -9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -36.88% | +1.56% |
Current DrawdownCurrent decline from peak | -1.30% | -0.11% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -3.00% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.84% | +0.75% |
Volatility
CVFCX vs. OIEJX - Volatility Comparison
Pioneer Disciplined Value Fund (CVFCX) and JPMorgan Equity Income Fund R6 (OIEJX) have volatilities of 3.36% and 3.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVFCX | OIEJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.30% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 8.06% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 10.59% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 14.30% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 16.80% | +1.04% |
CVFCX vs. OIEJX - Expense Ratio Comparison
CVFCX has a 0.91% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Dividends
CVFCX vs. OIEJX - Dividend Comparison
CVFCX's dividend yield for the trailing twelve months is around 5.45%, less than OIEJX's 9.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 5.45% | 5.85% | 4.65% | 2.14% | 12.02% | 23.77% | 1.25% | 1.20% | 18.94% | 15.22% | 0.95% | 25.02% |
OIEJX JPMorgan Equity Income Fund R6 | 9.81% | 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
With a correlation of 0.90, CVFCX 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.
CVFCX has higher volatility (3.36%) compared to OIEJX (3.30%). In terms of maximum drawdown, CVFCX dropped -55.99% vs OIEJX's -36.88%.
OIEJX currently has the higher Sharpe Ratio (2.44 vs 1.92), 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.
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