GSFTX vs. HLIEX

Last updated Jun 23, 2026

GSFTX (Columbia Dividend Income Fund) and HLIEX (JPMorgan Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, GSFTX returned 12.58%/yr vs 12.34%/yr for HLIEX. Their correlation of 0.93 suggests significant overlap in exposure. GSFTX charges 0.66%/yr vs 0.70%/yr for HLIEX.

Performance

GSFTX vs. HLIEX - Performance Comparison

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

Returns By Period

In the year-to-date period, GSFTX achieves a 8.83% return, which is significantly lower than HLIEX's 12.22% return. Both investments have delivered pretty close results over the past 10 years, with GSFTX having a 12.58% annualized return and HLIEX not far behind at 12.34%.

GSFTX

• 1D: -0.11%
• 1M: 0.40%
• YTD: 8.83%
• 6M: 8.35%
• 1Y: 21.43%
• 3Y*: 15.88%
• 5Y*: 11.52%
• 10Y*: 12.58%

HLIEX

• 1D: 0.25%
• 1M: 2.71%
• YTD: 12.22%
• 6M: 11.47%
• 1Y: 24.58%
• 3Y*: 17.63%
• 5Y*: 11.92%
• 10Y*: 12.34%

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

GSFTX vs. HLIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSFTX Columbia Dividend Income Fund	8.83%	15.88%	15.00%	10.57%	-4.94%	26.26%	7.75%	28.12%	-4.38%	20.16%
HLIEX JPMorgan Equity Income Fund	12.22%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%

Correlation

The correlation between GSFTX and HLIEX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 4, 1998	0.93

The correlation between GSFTX and HLIEX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

GSFTX vs. HLIEX — Risk / Return Rank

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

GSFTX

GSFTX Risk / Return Rank: 79
GSFTX Sharpe Ratio Rank: 77
GSFTX Sortino Ratio Rank: 77
GSFTX Omega Ratio Rank: 69
GSFTX Calmar Ratio Rank: 86
GSFTX Martin Ratio Rank: 85

HLIEX

HLIEX Risk / Return Rank: 76
HLIEX Sharpe Ratio Rank: 77
HLIEX Sortino Ratio Rank: 76
HLIEX Omega Ratio Rank: 70
HLIEX Calmar Ratio Rank: 81
HLIEX Martin Ratio Rank: 76

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.

GSFTX vs. HLIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund (GSFTX) and JPMorgan Equity Income Fund (HLIEX). 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.

	GSFTX	HLIEX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.35	0.00
Sortino ratio: Return per unit of downside risk	3.38	3.32	+0.06
Omega ratio: Gain probability vs. loss probability	1.42	1.42	-0.01
Calmar ratio: Return relative to maximum drawdown	3.91	3.51	+0.40
Martin ratio: Return relative to average drawdown	14.78	13.37	+1.40

GSFTX vs. HLIEX - Sharpe Ratio Comparison

The current GSFTX Sharpe Ratio is 2.35, which is comparable to the HLIEX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of GSFTX and HLIEX, 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

GSFTX vs. HLIEX - Drawdown Comparison

The maximum GSFTX drawdown since its inception was -47.69%, smaller than the maximum HLIEX drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for GSFTX and HLIEX.

Drawdown Indicators

	GSFTX	HLIEX	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-50.33%	+2.64%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-7.08%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-13.01%	-14.19%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	-17.01%	-14.85%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	-32.76%	-36.89%	+4.13%
Current Drawdown Current decline from peak	-1.04%	-0.72%	-0.32%
Average Drawdown Average peak-to-trough decline	-6.36%	-6.36%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.85%	-0.40%

Volatility

GSFTX vs. HLIEX - Volatility Comparison

The current volatility for Columbia Dividend Income Fund (GSFTX) is 2.65%, while JPMorgan Equity Income Fund (HLIEX) has a volatility of 3.30%. This indicates that GSFTX experiences smaller price fluctuations and is considered to be less risky than HLIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSFTX	HLIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	3.30%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	6.89%	8.04%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	9.17%	10.57%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	14.32%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	16.81%	-1.12%

GSFTX vs. HLIEX - Expense Ratio Comparison

GSFTX has a 0.66% expense ratio, which is lower than HLIEX's 0.70% expense ratio.

Dividends

GSFTX vs. HLIEX - Dividend Comparison

GSFTX's dividend yield for the trailing twelve months is around 4.96%, less than HLIEX's 9.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSFTX Columbia Dividend Income Fund	4.96%	5.35%	6.02%	4.96%	3.87%	2.87%	1.74%	2.90%	7.63%	4.00%	3.77%	8.27%
HLIEX JPMorgan Equity Income Fund	9.64%	10.81%	14.41%	2.77%	3.67%	3.33%	1.82%	2.78%	5.12%	2.47%	2.45%	2.73%

Frequently Asked Questions

Can I hold both GSFTX and HLIEX in my portfolio?

With a correlation of 0.95, GSFTX and HLIEX 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, GSFTX or HLIEX?

HLIEX has higher volatility (3.30%) compared to GSFTX (2.65%). In terms of maximum drawdown, GSFTX dropped -47.69% vs HLIEX's -50.33%.

Which has better risk-adjusted returns?

HLIEX currently has the higher Sharpe Ratio (2.35 vs 2.35), 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.