HLIEX vs. CDDYX

Last updated Aug 4, 2026

HLIEX (JPMorgan Equity Income Fund) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - HLIEX is a Dividend fund managed by JPMorgan, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 10 years, HLIEX returned 12.46%/yr vs 12.74%/yr for CDDYX. Their 0.96 correlation means they have historically moved very closely together. HLIEX charges 0.70%/yr vs 0.55%/yr for CDDYX.

Performance

HLIEX vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund (HLIEX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLIEX achieves a 16.66% return, which is significantly higher than CDDYX's 12.30% return. Both investments have delivered pretty close results over the past 10 years, with HLIEX having a 12.46% annualized return and CDDYX not far ahead at 12.74%.

HLIEX

• 1D: 0.81%
• 1M: 1.62%
• 6M: 11.61%
• YTD: 16.66%
• 1Y: 26.84%
• 3Y*: 17.67%
• 5Y*: 11.87%
• 10Y*: 12.46%
• ALL TIME*: 9.24%

CDDYX

• 1D: 0.00%
• 1M: 0.73%
• 6M: 7.24%
• YTD: 12.30%
• 1Y: 22.14%
• 3Y*: 15.50%
• 5Y*: 11.19%
• 10Y*: 12.74%
• ALL TIME*: 13.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDDYX Columbia Dividend Income Fund Institutional 3 Class	$0.00	$0.00	$0.00
HLIEX JPMorgan Equity Income Fund	$0.00	$0.00	$0.00

HLIEX vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLIEX JPMorgan Equity Income Fund	16.66%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	12.30%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between HLIEX and CDDYX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.96

The correlation between HLIEX and CDDYX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

HLIEX vs. CDDYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HLIEX

HLIEX Risk / Return Rank: 90
HLIEX Sharpe Ratio Rank: 93
HLIEX Sortino Ratio Rank: 90
HLIEX Omega Ratio Rank: 86
HLIEX Calmar Ratio Rank: 91
HLIEX Martin Ratio Rank: 93

CDDYX

CDDYX Risk / Return Rank: 91
CDDYX Sharpe Ratio Rank: 91
CDDYX Sortino Ratio Rank: 90
CDDYX Omega Ratio Rank: 87
CDDYX Calmar Ratio Rank: 93
CDDYX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HLIEX vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund (HLIEX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	HLIEX	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.35	+0.07
Sortino ratio: Return per unit of downside risk	3.42	3.44	-0.02
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	3.62	3.91	-0.29
Martin ratio: Return relative to average drawdown	14.06	14.96	-0.89

HLIEX vs. CDDYX - Sharpe Ratio Comparison

The current HLIEX Sharpe Ratio is 2.43, which is comparable to the CDDYX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of HLIEX and CDDYX, 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

HLIEX vs. CDDYX - Drawdown Comparison

The maximum HLIEX drawdown since its inception was -50.33%, which is greater than CDDYX's maximum drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for HLIEX and CDDYX.

Drawdown Indicators

	HLIEX	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-32.74%	-17.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-5.51%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-12.99%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-14.85%	-16.91%	+2.06%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-32.74%	-4.15%
Current Drawdown Current decline from peak	0.00%	-1.17%	+1.17%
Average Drawdown Average peak-to-trough decline	-6.34%	-2.74%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.45%	+0.37%

Volatility

HLIEX vs. CDDYX - Volatility Comparison

JPMorgan Equity Income Fund (HLIEX) has a higher volatility of 2.83% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.41%. This indicates that HLIEX's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLIEX	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.41%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	6.73%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	9.20%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	13.22%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	15.66%	+1.10%

HLIEX vs. CDDYX - Expense Ratio Comparison

HLIEX has a 0.70% expense ratio, which is higher than CDDYX's 0.55% expense ratio.

Dividends

HLIEX vs. CDDYX - Dividend Comparison

HLIEX's dividend yield for the trailing twelve months is around 9.23%, more than CDDYX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.79%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
HLIEX JPMorgan Equity Income Fund	9.23%	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 HLIEX and CDDYX in my portfolio?

With a correlation of 0.90, HLIEX and CDDYX 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, HLIEX or CDDYX?

HLIEX has higher volatility (2.83%) compared to CDDYX (2.41%). In terms of maximum drawdown, HLIEX dropped -50.33% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

HLIEX currently has the higher Sharpe Ratio (2.43 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.