HLIPX vs. OIEJX
HLIPX (JPMorgan Core Plus Bond Fund) and OIEJX (JPMorgan Equity Income Fund R6) are both mutual funds - HLIPX is a Intermediate Core-Plus Bond fund managed by JPMorgan, while OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan. Over the past 10 years, HLIPX returned 2.31%/yr vs 12.82%/yr for OIEJX. At a correlation of -0.07, they often move in opposite directions. HLIPX charges 0.46%/yr vs 0.45%/yr for OIEJX.
Performance
HLIPX vs. OIEJX - Performance Comparison
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Returns By Period
In the year-to-date period, HLIPX achieves a 1.00% return, which is significantly lower than OIEJX's 12.37% return. Over the past 10 years, HLIPX has underperformed OIEJX with an annualized return of 2.31%, while OIEJX has yielded a comparatively higher 12.82% annualized return.
HLIPX
- 1D
- 0.41%
- 1M
- 0.83%
- YTD
- 1.00%
- 6M
- 0.87%
- 1Y
- 5.07%
- 3Y*
- 5.03%
- 5Y*
- 0.88%
- 10Y*
- 2.31%
OIEJX
- 1D
- 0.04%
- 1M
- 2.47%
- YTD
- 12.37%
- 6M
- 11.07%
- 1Y
- 23.52%
- 3Y*
- 18.68%
- 5Y*
- 11.48%
- 10Y*
- 12.82%
HLIPX vs. OIEJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 1.00% | 7.98% | 2.64% | 6.38% | -12.69% | -0.30% | 7.93% | 8.73% | 0.01% | 4.26% |
OIEJX JPMorgan Equity Income Fund R6 | 12.37% | 14.95% | 19.97% | 5.05% | -1.63% | 25.41% | 3.87% | 26.61% | -4.23% | 17.85% |
Correlation
The correlation between HLIPX and OIEJX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012 | -0.07 |
The correlation between HLIPX and OIEJX shifts across timeframes, from -0.07 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HLIPX vs. OIEJX — Risk / Return Rank
HLIPX
OIEJX
HLIPX vs. OIEJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) and JPMorgan Equity Income Fund R6 (OIEJX). 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.
| HLIPX | OIEJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.27 | -1.60 |
| Martin ratioReturn relative to average drawdown | 4.72 | 12.52 | -7.80 |
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Drawdowns
HLIPX vs. OIEJX - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -16.91%, smaller than the maximum OIEJX drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for HLIPX and OIEJX.
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Drawdown Indicators
| HLIPX | OIEJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -36.88% | +19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -7.08% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -14.16% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -14.74% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -36.88% | +19.97% |
Current DrawdownCurrent decline from peak | -1.15% | -0.68% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -3.00% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.84% | -0.76% |
Volatility
HLIPX vs. OIEJX - Volatility Comparison
The current volatility for JPMorgan Core Plus Bond Fund (HLIPX) is 1.18%, while JPMorgan Equity Income Fund R6 (OIEJX) has a volatility of 3.35%. This indicates that HLIPX experiences smaller price fluctuations and is considered to be less risky than OIEJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIPX | OIEJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 3.35% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 8.09% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 10.57% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 14.30% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 16.77% | -12.12% |
HLIPX vs. OIEJX - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Dividends
HLIPX vs. OIEJX - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.56%, less than OIEJX's 9.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 4.56% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
OIEJX JPMorgan Equity Income Fund R6 | 9.86% | 11.06% | 14.67% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.37% | 2.70% | 2.71% | 3.03% |
Frequently Asked Questions
HLIPX and OIEJX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIEJX has higher volatility (3.35%) compared to HLIPX (1.18%). In terms of maximum drawdown, HLIPX dropped -16.91% vs OIEJX's -36.88%.
OIEJX currently has the higher Sharpe Ratio (2.19 vs 1.33), 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.
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