GDV vs. OIEIX

Last updated Jun 23, 2026

GDV (The Gabelli Dividend and Income Trust) and OIEIX (JPMorgan Equity Income Fund Class A) are both Dividend funds. Over the past 10 years, GDV returned 11.10%/yr vs 12.06%/yr for OIEIX. A 0.74 correlation means they provide meaningful diversification when combined. GDV charges 0.01%/yr vs 0.95%/yr for OIEIX.

Performance

GDV vs. OIEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gabelli Dividend and Income Trust (GDV) and JPMorgan Equity Income Fund Class A (OIEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDV achieves a 7.65% return, which is significantly lower than OIEIX's 12.08% return. Over the past 10 years, GDV has underperformed OIEIX with an annualized return of 11.10%, while OIEIX has yielded a comparatively higher 12.06% annualized return.

GDV

• 1D: 0.00%
• 1M: 0.14%
• YTD: 7.65%
• 6M: 8.43%
• 1Y: 24.32%
• 3Y*: 19.36%
• 5Y*: 8.70%
• 10Y*: 11.10%

OIEIX

• 1D: 0.26%
• 1M: 2.72%
• YTD: 12.08%
• 6M: 11.34%
• 1Y: 24.29%
• 3Y*: 17.41%
• 5Y*: 11.67%
• 10Y*: 12.06%

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

GDV vs. OIEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GDV The Gabelli Dividend and Income Trust	7.65%	22.83%	18.14%	11.93%	-18.61%	32.83%	4.89%	27.73%	-17.13%	24.19%
OIEIX JPMorgan Equity Income Fund Class A	12.08%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	17.21%

Correlation

The correlation between GDV and OIEIX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003	0.74

The correlation between GDV and OIEIX shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GDV vs. OIEIX — Risk / Return Rank

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

GDV

GDV Risk / Return Rank: 55
GDV Sharpe Ratio Rank: 58
GDV Sortino Ratio Rank: 54
GDV Omega Ratio Rank: 58
GDV Calmar Ratio Rank: 47
GDV Martin Ratio Rank: 56

OIEIX

OIEIX Risk / Return Rank: 74
OIEIX Sharpe Ratio Rank: 75
OIEIX Sortino Ratio Rank: 74
OIEIX Omega Ratio Rank: 69
OIEIX Calmar Ratio Rank: 79
OIEIX Martin Ratio Rank: 74

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.

GDV vs. OIEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gabelli Dividend and Income Trust (GDV) and JPMorgan Equity Income Fund Class A (OIEIX). 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.

	GDV	OIEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.32	-0.26
Sortino ratio: Return per unit of downside risk	2.84	3.29	-0.45
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	2.50	3.43	-0.93
Martin ratio: Return relative to average drawdown	10.69	13.12	-2.43

GDV vs. OIEIX - Sharpe Ratio Comparison

The current GDV Sharpe Ratio is 2.07, which is comparable to the OIEIX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of GDV and OIEIX, 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

GDV vs. OIEIX - Drawdown Comparison

The maximum GDV drawdown since its inception was -68.88%, which is greater than OIEIX's maximum drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for GDV and OIEIX.

Drawdown Indicators

	GDV	OIEIX	Difference
Max Drawdown Largest peak-to-trough decline	-68.88%	-50.63%	-18.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-7.14%	-2.61%
Max Drawdown (3Y) Largest decline over 3 years	-16.07%	-14.23%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.33%	-14.95%	-13.38%
Max Drawdown (10Y) Largest decline over 10 years	-53.09%	-36.92%	-16.17%
Current Drawdown Current decline from peak	-1.13%	-0.70%	-0.43%
Average Drawdown Average peak-to-trough decline	-9.28%	-6.63%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	1.86%	+0.42%

Volatility

GDV vs. OIEIX - Volatility Comparison

The Gabelli Dividend and Income Trust (GDV) and JPMorgan Equity Income Fund Class A (OIEIX) have volatilities of 3.27% and 3.28%, 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.

Volatility by Period

	GDV	OIEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.28%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.02%	8.03%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	10.55%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	14.31%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	16.83%	+4.84%

GDV vs. OIEIX - Expense Ratio Comparison

GDV has a 0.01% expense ratio, which is lower than OIEIX's 0.95% expense ratio.

Dividends

GDV vs. OIEIX - Dividend Comparison

GDV's dividend yield for the trailing twelve months is around 6.01%, less than OIEIX's 9.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDV The Gabelli Dividend and Income Trust	6.01%	6.05%	5.47%	6.10%	6.84%	5.11%	6.15%	6.01%	7.21%	5.64%	6.59%	6.72%
OIEIX JPMorgan Equity Income Fund Class A	9.65%	10.83%	14.48%	2.59%	3.50%	3.17%	1.62%	2.60%	4.95%	2.29%	2.30%	2.52%

Frequently Asked Questions

Can I hold both GDV and OIEIX in my portfolio?

GDV and OIEIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDV or OIEIX?

OIEIX has higher volatility (3.28%) compared to GDV (3.27%). In terms of maximum drawdown, GDV dropped -68.88% vs OIEIX's -50.63%.

Which has better risk-adjusted returns?

OIEIX currently has the higher Sharpe Ratio (2.32 vs 2.07), 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.