IEFA vs. ONGIX
IEFA (iShares Core MSCI EAFE ETF) and ONGIX (JPMorgan Investor Growth and Income Fund Class A) are both funds - IEFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE IMI Index (Net), while ONGIX is a Diversified Portfolio fund actively managed by JPMorgan. IEFA is passively managed, while ONGIX is actively managed. Over the past 10 years, IEFA returned 9.90%/yr vs 9.66%/yr for ONGIX. Their correlation of 0.86 suggests significant overlap in exposure. IEFA charges 0.07%/yr vs 0.95%/yr for ONGIX.
Performance
IEFA vs. ONGIX - Performance Comparison
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Returns By Period
In the year-to-date period, IEFA achieves a 9.51% return, which is significantly higher than ONGIX's 5.32% return. Both investments have delivered pretty close results over the past 10 years, with IEFA having a 9.90% annualized return and ONGIX not far behind at 9.66%.
IEFA
- 1D
- 0.18%
- 1M
- 2.90%
- YTD
- 9.51%
- 6M
- 11.08%
- 1Y
- 22.43%
- 3Y*
- 16.31%
- 5Y*
- 8.10%
- 10Y*
- 9.90%
ONGIX
- 1D
- 1.65%
- 1M
- 1.14%
- YTD
- 5.32%
- 6M
- 5.58%
- 1Y
- 15.72%
- 3Y*
- 13.26%
- 5Y*
- 6.91%
- 10Y*
- 9.66%
IEFA vs. ONGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 9.51% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
ONGIX JPMorgan Investor Growth and Income Fund Class A | 5.32% | 13.92% | 11.36% | 17.26% | -14.81% | 14.68% | 16.97% | 20.64% | -6.57% | 16.70% |
Correlation
The correlation between IEFA and ONGIX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.86 |
The correlation between IEFA and ONGIX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
IEFA vs. ONGIX — Risk / Return Rank
IEFA
ONGIX
IEFA vs. ONGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) and JPMorgan Investor Growth and Income Fund Class A (ONGIX). 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.
| IEFA | ONGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.21 | -0.39 |
| Martin ratioReturn relative to average drawdown | 6.93 | 9.37 | -2.44 |
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Drawdowns
IEFA vs. ONGIX - Drawdown Comparison
The maximum IEFA drawdown since its inception was -34.78%, smaller than the maximum ONGIX drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for IEFA and ONGIX.
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Drawdown Indicators
| IEFA | ONGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -41.01% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -6.85% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.76% | -11.43% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -20.47% | -9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -25.83% | -8.95% |
Current DrawdownCurrent decline from peak | -0.60% | -1.29% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -5.54% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.61% | +1.42% |
Volatility
IEFA vs. ONGIX - Volatility Comparison
iShares Core MSCI EAFE ETF (IEFA) has a higher volatility of 5.50% compared to JPMorgan Investor Growth and Income Fund Class A (ONGIX) at 3.64%. This indicates that IEFA's price experiences larger fluctuations and is considered to be riskier than ONGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFA | ONGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 3.64% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 7.41% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 9.08% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 11.19% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 11.87% | +5.44% |
IEFA vs. ONGIX - Expense Ratio Comparison
IEFA has a 0.07% expense ratio, which is lower than ONGIX's 0.95% expense ratio.
Dividends
IEFA vs. ONGIX - Dividend Comparison
IEFA's dividend yield for the trailing twelve months is around 3.24%, less than ONGIX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 3.24% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
ONGIX JPMorgan Investor Growth and Income Fund Class A | 4.37% | 4.56% | 4.25% | 3.17% | 7.44% | 4.74% | 7.10% | 7.23% | 8.43% | 8.34% | 4.42% | 5.45% |
Frequently Asked Questions
IEFA and ONGIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEFA has higher volatility (5.50%) compared to ONGIX (3.64%). In terms of maximum drawdown, IEFA dropped -34.78% vs ONGIX's -41.01%.
ONGIX currently has the higher Sharpe Ratio (1.67 vs 1.35), 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.
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