HLIEX vs. LBSAX

Last updated Jun 5, 2026

HLIEX (JPMorgan Equity Income Fund) and LBSAX (Columbia Dividend Income Fund Class A) are both Large Cap Value Equities funds. Over the past 10 years, HLIEX returned 12.04%/yr vs 12.20%/yr for LBSAX. With a 0.97 correlation, they move nearly in lockstep. HLIEX charges 0.70%/yr vs 0.90%/yr for LBSAX.

Performance

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

Returns By Period

In the year-to-date period, HLIEX achieves a 10.02% return, which is significantly higher than LBSAX's 7.89% return. Both investments have delivered pretty close results over the past 10 years, with HLIEX having a 12.04% annualized return and LBSAX not far ahead at 12.20%.

HLIEX

• 1D: -0.26%
• 1M: 2.38%
• YTD: 10.02%
• 6M: 10.61%
• 1Y: 22.94%
• 3Y*: 17.86%
• 5Y*: 10.52%
• 10Y*: 12.04%

LBSAX

• 1D: -0.08%
• 1M: 1.04%
• YTD: 7.89%
• 6M: 8.33%
• 1Y: 20.37%
• 3Y*: 16.26%
• 5Y*: 10.26%
• 10Y*: 12.20%

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

HLIEX vs. LBSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLIEX JPMorgan Equity Income Fund	10.02%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%
LBSAX Columbia Dividend Income Fund Class A	7.89%	15.58%	14.73%	10.26%	-5.19%	25.97%	7.48%	27.84%	-4.62%	19.96%

Correlation

The correlation between HLIEX and LBSAX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
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 Nov 25, 2002	0.97

The correlation between HLIEX and LBSAX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

HLIEX vs. LBSAX — Risk / Return Rank

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

HLIEX

HLIEX Risk / Return Rank: 58
HLIEX Sharpe Ratio Rank: 55
HLIEX Sortino Ratio Rank: 55
HLIEX Omega Ratio Rank: 52
HLIEX Calmar Ratio Rank: 68
HLIEX Martin Ratio Rank: 62

LBSAX

LBSAX Risk / Return Rank: 63
LBSAX Sharpe Ratio Rank: 55
LBSAX Sortino Ratio Rank: 57
LBSAX Omega Ratio Rank: 51
LBSAX Calmar Ratio Rank: 80
LBSAX Martin Ratio Rank: 72

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. LBSAX - 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 Class A (LBSAX). 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.

	HLIEX	LBSAX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.21	-0.02
Sortino ratio: Return per unit of downside risk	3.12	3.18	-0.06
Omega ratio: Gain probability vs. loss probability	1.40	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	3.19	3.63	-0.44
Martin ratio: Return relative to average drawdown	12.18	13.63	-1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLIEX vs. LBSAX - Sharpe Ratio Comparison

The current HLIEX Sharpe Ratio is 2.19, which is comparable to the LBSAX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of HLIEX and LBSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLIEX	LBSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.21	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.78	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.78	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.63	-0.06

Drawdowns

HLIEX vs. LBSAX - Drawdown Comparison

The maximum HLIEX drawdown since its inception was -50.33%, which is greater than LBSAX's maximum drawdown of -47.89%. Use the drawdown chart below to compare losses from any high point for HLIEX and LBSAX.

Drawdown Indicators

	HLIEX	LBSAX	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-47.89%	-2.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-5.52%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-13.03%	-1.16%
Max Drawdown (5Y) Largest decline over 5 years	-14.85%	-17.16%	+2.31%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-32.82%	-4.07%
Current Drawdown Current decline from peak	-0.26%	-0.38%	+0.12%
Average Drawdown Average peak-to-trough decline	-6.37%	-5.25%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.47%	+0.38%

Volatility

HLIEX vs. LBSAX - Volatility Comparison

JPMorgan Equity Income Fund (HLIEX) and Columbia Dividend Income Fund Class A (LBSAX) have volatilities of 2.45% and 2.37%, 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

	HLIEX	LBSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	2.37%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	6.83%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	9.08%	+1.24%
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	16.79%	15.69%	+1.10%

HLIEX vs. LBSAX - Expense Ratio Comparison

HLIEX has a 0.70% expense ratio, which is lower than LBSAX's 0.90% expense ratio.

Dividends

HLIEX vs. LBSAX - Dividend Comparison

HLIEX's dividend yield for the trailing twelve months is around 9.83%, more than LBSAX's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLIEX JPMorgan Equity Income Fund	9.83%	10.81%	14.41%	2.77%	3.67%	3.33%	1.82%	2.78%	5.12%	2.47%	2.45%	2.73%
LBSAX Columbia Dividend Income Fund Class A	4.77%	5.11%	5.78%	4.72%	3.62%	2.65%	1.52%	2.68%	7.36%	3.83%	3.60%	8.01%

Frequently Asked Questions

Can I hold both HLIEX and LBSAX in my portfolio?

With a correlation of 0.96, HLIEX and LBSAX 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 LBSAX?

HLIEX has higher volatility (2.45%) compared to LBSAX (2.37%). In terms of maximum drawdown, HLIEX dropped -50.33% vs LBSAX's -47.89%.

Which has better risk-adjusted returns?

LBSAX currently has the higher Sharpe Ratio (2.21 vs 2.19), 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.