HLIEX vs. GSFTX

Last updated Jun 24, 2026

HLIEX (JPMorgan Equity Income Fund) and GSFTX (Columbia Dividend Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, HLIEX returned 12.60%/yr vs 12.58%/yr for GSFTX. Their correlation of 0.93 suggests significant overlap in exposure. HLIEX charges 0.70%/yr vs 0.66%/yr for GSFTX.

Performance

HLIEX vs. GSFTX - 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 (GSFTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLIEX achieves a 12.91% return, which is significantly higher than GSFTX's 8.83% return. Both investments have delivered pretty close results over the past 10 years, with HLIEX having a 12.60% annualized return and GSFTX not far behind at 12.58%.

HLIEX

• 1D: 0.62%
• 1M: 3.35%
• YTD: 12.91%
• 6M: 12.12%
• 1Y: 24.43%
• 3Y*: 18.61%
• 5Y*: 11.64%
• 10Y*: 12.60%

GSFTX

• 1D: -0.11%
• 1M: 0.40%
• YTD: 8.83%
• 6M: 8.20%
• 1Y: 20.40%
• 3Y*: 15.88%
• 5Y*: 11.52%
• 10Y*: 12.58%

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

HLIEX vs. GSFTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLIEX JPMorgan Equity Income Fund	12.91%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%
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%

Correlation

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

Return for Risk

HLIEX vs. GSFTX — Risk / Return Rank

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

HLIEX

HLIEX Risk / Return Rank: 78
HLIEX Sharpe Ratio Rank: 79
HLIEX Sortino Ratio Rank: 78
HLIEX Omega Ratio Rank: 72
HLIEX Calmar Ratio Rank: 82
HLIEX Martin Ratio Rank: 79

GSFTX

GSFTX Risk / Return Rank: 79
GSFTX Sharpe Ratio Rank: 77
GSFTX Sortino Ratio Rank: 77
GSFTX Omega Ratio Rank: 68
GSFTX Calmar Ratio Rank: 86
GSFTX Martin Ratio Rank: 85

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.

HLIEX vs. GSFTX - 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 (GSFTX). 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	GSFTX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.35	+0.06
Sortino ratio: Return per unit of downside risk	3.40	3.38	+0.02
Omega ratio: Gain probability vs. loss probability	1.43	1.42	+0.01
Calmar ratio: Return relative to maximum drawdown	3.59	3.91	-0.32
Martin ratio: Return relative to average drawdown	13.70	14.78	-1.07

HLIEX vs. GSFTX - Sharpe Ratio Comparison

The current HLIEX Sharpe Ratio is 2.41, which is comparable to the GSFTX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of HLIEX and GSFTX, 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. GSFTX - Drawdown Comparison

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

Drawdown Indicators

	HLIEX	GSFTX	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-47.69%	-2.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-5.51%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-13.01%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	-14.85%	-17.01%	+2.16%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-32.76%	-4.13%
Current Drawdown Current decline from peak	-0.11%	-1.04%	+0.93%
Average Drawdown Average peak-to-trough decline	-6.36%	-6.36%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.45%	+0.40%

Volatility

HLIEX vs. GSFTX - Volatility Comparison

JPMorgan Equity Income Fund (HLIEX) has a higher volatility of 3.31% compared to Columbia Dividend Income Fund (GSFTX) at 2.65%. This indicates that HLIEX's price experiences larger fluctuations and is considered to be riskier than GSFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLIEX	GSFTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	2.65%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	6.89%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	9.17%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	13.26%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	15.69%	+1.12%

HLIEX vs. GSFTX - Expense Ratio Comparison

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

Dividends

HLIEX vs. GSFTX - Dividend Comparison

HLIEX's dividend yield for the trailing twelve months is around 9.58%, more than GSFTX's 4.96% 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	9.58%	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 GSFTX in my portfolio?

With a correlation of 0.95, HLIEX and GSFTX 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 GSFTX?

HLIEX has higher volatility (3.31%) compared to GSFTX (2.65%). In terms of maximum drawdown, HLIEX dropped -50.33% vs GSFTX's -47.69%.

Which has better risk-adjusted returns?

HLIEX currently has the higher Sharpe Ratio (2.41 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.