HTD vs. OIEIX

Last updated Jun 24, 2026

HTD (John Hancock Tax-Advantaged Dividend Income Fund) and OIEIX (JPMorgan Equity Income Fund Class A) are both Dividend funds. Over the past 10 years, HTD returned 8.39%/yr vs 12.33%/yr for OIEIX. A 0.57 correlation means they provide meaningful diversification when combined. HTD charges 0.01%/yr vs 0.95%/yr for OIEIX.

Performance

HTD vs. OIEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Tax-Advantaged Dividend Income Fund (HTD) and JPMorgan Equity Income Fund Class A (OIEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTD achieves a 10.88% return, which is significantly lower than OIEIX's 12.74% return. Over the past 10 years, HTD has underperformed OIEIX with an annualized return of 8.39%, while OIEIX has yielded a comparatively higher 12.33% annualized return.

HTD

• 1D: 0.44%
• 1M: -0.09%
• YTD: 10.88%
• 6M: 11.30%
• 1Y: 19.61%
• 3Y*: 17.54%
• 5Y*: 8.06%
• 10Y*: 8.39%

OIEIX

• 1D: 0.59%
• 1M: 3.34%
• YTD: 12.74%
• 6M: 12.00%
• 1Y: 24.15%
• 3Y*: 18.37%
• 5Y*: 11.39%
• 10Y*: 12.33%

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

HTD vs. OIEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTD John Hancock Tax-Advantaged Dividend Income Fund	10.88%	15.87%	25.68%	-9.92%	-6.24%	32.36%	-16.54%	42.77%	-9.13%	16.47%
OIEIX JPMorgan Equity Income Fund Class A	12.74%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	17.21%

Correlation

The correlation between HTD and OIEIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 25, 2004	0.57

The correlation between HTD and OIEIX shifts across timeframes, from 0.43 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HTD vs. OIEIX — Risk / Return Rank

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

HTD

HTD Risk / Return Rank: 44
HTD Sharpe Ratio Rank: 37
HTD Sortino Ratio Rank: 33
HTD Omega Ratio Rank: 34
HTD Calmar Ratio Rank: 74
HTD Martin Ratio Rank: 44

OIEIX

OIEIX Risk / Return Rank: 77
OIEIX Sharpe Ratio Rank: 78
OIEIX Sortino Ratio Rank: 77
OIEIX Omega Ratio Rank: 71
OIEIX Calmar Ratio Rank: 81
OIEIX Martin Ratio Rank: 77

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.

HTD vs. OIEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Tax-Advantaged Dividend Income Fund (HTD) and JPMorgan Equity Income Fund Class A (OIEIX). 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.

	HTD	OIEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.38	-0.76
Sortino ratio: Return per unit of downside risk	2.20	3.36	-1.16
Omega ratio: Gain probability vs. loss probability	1.29	1.43	-0.14
Calmar ratio: Return relative to maximum drawdown	3.18	3.52	-0.34
Martin ratio: Return relative to average drawdown	8.84	13.46	-4.62

HTD vs. OIEIX - Sharpe Ratio Comparison

The current HTD Sharpe Ratio is 1.62, which is lower than the OIEIX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of HTD and OIEIX, 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

HTD vs. OIEIX - Drawdown Comparison

The maximum HTD drawdown since its inception was -69.79%, which is greater than OIEIX's maximum drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for HTD and OIEIX.

Drawdown Indicators

	HTD	OIEIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.79%	-50.63%	-19.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-7.14%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	-14.23%	-6.71%
Max Drawdown (5Y) Largest decline over 5 years	-31.58%	-14.95%	-16.63%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-36.92%	-19.65%
Current Drawdown Current decline from peak	-1.90%	-0.11%	-1.79%
Average Drawdown Average peak-to-trough decline	-8.78%	-6.63%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.86%	+0.36%

Volatility

HTD vs. OIEIX - Volatility Comparison

John Hancock Tax-Advantaged Dividend Income Fund (HTD) and JPMorgan Equity Income Fund Class A (OIEIX) have volatilities of 3.28% and 3.29%, 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

	HTD	OIEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.29%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	8.04%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	10.58%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	14.29%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	16.84%	+5.79%

HTD vs. OIEIX - Expense Ratio Comparison

HTD has a 0.01% expense ratio, which is lower than OIEIX's 0.95% expense ratio.

Dividends

HTD vs. OIEIX - Dividend Comparison

HTD's dividend yield for the trailing twelve months is around 7.51%, less than OIEIX's 9.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HTD John Hancock Tax-Advantaged Dividend Income Fund	7.51%	7.51%	7.52%	8.73%	7.36%	5.80%	7.97%	6.06%	10.09%	8.85%	7.30%	7.06%
OIEIX JPMorgan Equity Income Fund Class A	9.59%	10.83%	14.48%	2.59%	3.50%	3.17%	1.62%	2.60%	4.95%	2.29%	2.30%	2.52%

Frequently Asked Questions

Can I hold both HTD and OIEIX in my portfolio?

HTD and OIEIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTD or OIEIX?

OIEIX has higher volatility (3.29%) compared to HTD (3.28%). In terms of maximum drawdown, HTD dropped -69.79% vs OIEIX's -50.63%.

Which has better risk-adjusted returns?

OIEIX currently has the higher Sharpe Ratio (2.38 vs 1.62), 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.