LBSAX vs. HLIEX

Last updated Jun 3, 2026

LBSAX (Columbia Dividend Income Fund Class A) and HLIEX (JPMorgan Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, LBSAX returned 12.10%/yr vs 11.96%/yr for HLIEX. With a 0.97 correlation, they move nearly in lockstep. LBSAX charges 0.90%/yr vs 0.70%/yr for HLIEX.

Performance

LBSAX vs. HLIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Dividend Income Fund Class A (LBSAX) and JPMorgan Equity Income Fund (HLIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LBSAX achieves a 6.98% return, which is significantly lower than HLIEX's 9.17% return. Both investments have delivered pretty close results over the past 10 years, with LBSAX having a 12.10% annualized return and HLIEX not far behind at 11.96%.

LBSAX

• 1D: -0.57%
• 1M: -0.16%
• YTD: 6.98%
• 6M: 8.33%
• 1Y: 19.46%
• 3Y*: 15.93%
• 5Y*: 10.19%
• 10Y*: 12.10%

HLIEX

• 1D: -0.30%
• 1M: 1.16%
• YTD: 9.17%
• 6M: 11.03%
• 1Y: 22.19%
• 3Y*: 17.56%
• 5Y*: 10.43%
• 10Y*: 11.96%

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

LBSAX vs. HLIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBSAX Columbia Dividend Income Fund Class A	6.98%	15.58%	14.73%	10.26%	-5.19%	25.97%	7.48%	27.84%	-4.62%	19.96%
HLIEX JPMorgan Equity Income Fund	9.17%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%

Correlation

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

Return for Risk

LBSAX vs. HLIEX — Risk / Return Rank

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

LBSAX

LBSAX Risk / Return Rank: 62
LBSAX Sharpe Ratio Rank: 55
LBSAX Sortino Ratio Rank: 56
LBSAX Omega Ratio Rank: 50
LBSAX Calmar Ratio Rank: 80
LBSAX Martin Ratio Rank: 72

HLIEX

HLIEX Risk / Return Rank: 58
HLIEX Sharpe Ratio Rank: 54
HLIEX Sortino Ratio Rank: 54
HLIEX Omega Ratio Rank: 52
HLIEX Calmar Ratio Rank: 69
HLIEX Martin Ratio Rank: 62

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.

LBSAX vs. HLIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund Class A (LBSAX) and JPMorgan Equity Income Fund (HLIEX). 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.

	LBSAX	HLIEX	Difference
Sharpe ratio Return per unit of total volatility	2.19	2.20	0.00
Sortino ratio Return per unit of downside risk	3.15	3.12	+0.03
Omega ratio Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio Return relative to maximum drawdown	3.64	3.23	+0.41
Martin ratio Return relative to average drawdown	13.69	12.34	+1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LBSAX vs. HLIEX - Sharpe Ratio Comparison

The current LBSAX Sharpe Ratio is 2.19, which is comparable to the HLIEX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of LBSAX and HLIEX, 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

	LBSAX	HLIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.20	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.73	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.71	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.57	+0.06

Drawdowns

LBSAX vs. HLIEX - Drawdown Comparison

The maximum LBSAX drawdown since its inception was -47.89%, roughly equal to the maximum HLIEX drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for LBSAX and HLIEX.

Drawdown Indicators

	LBSAX	HLIEX	Difference
Max Drawdown Largest peak-to-trough decline	-47.89%	-50.33%	+2.44%
Max Drawdown (1Y) Largest decline over 1 year	-5.52%	-7.08%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-14.19%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	-17.16%	-14.85%	-2.31%
Max Drawdown (10Y) Largest decline over 10 years	-32.82%	-36.89%	+4.07%
Current Drawdown Current decline from peak	-1.23%	-0.41%	-0.82%
Average Drawdown Average peak-to-trough decline	-5.26%	-6.37%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.85%	-0.38%

Volatility

LBSAX vs. HLIEX - Volatility Comparison

Columbia Dividend Income Fund Class A (LBSAX) and JPMorgan Equity Income Fund (HLIEX) have volatilities of 2.34% and 2.41%, 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

	LBSAX	HLIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	2.41%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	6.86%	7.77%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	9.06%	10.29%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	14.29%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	16.79%	-1.10%

LBSAX vs. HLIEX - Expense Ratio Comparison

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

Dividends

LBSAX vs. HLIEX - Dividend Comparison

LBSAX's dividend yield for the trailing twelve months is around 4.81%, less than HLIEX's 9.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLIEX JPMorgan Equity Income Fund	9.90%	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	4.81%	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 LBSAX and HLIEX in my portfolio?

With a correlation of 0.95, LBSAX and HLIEX 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, LBSAX or HLIEX?

HLIEX has higher volatility (2.41%) compared to LBSAX (2.34%). In terms of maximum drawdown, LBSAX dropped -47.89% vs HLIEX's -50.33%.

Which has better risk-adjusted returns?

HLIEX currently has the higher Sharpe Ratio (2.20 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.