LGLIX vs. OIEJX
Compare and contrast key facts about Lord Abbett Growth Leaders Fund (LGLIX) and JPMorgan Equity Income Fund R6 (OIEJX).
LGLIX is managed by Lord Abbett. It was launched on Jun 30, 2011. OIEJX is managed by JPMorgan Chase. It was launched on Jul 2, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGLIX or OIEJX.
Key characteristics
| LGLIX | OIEJX | |
|---|---|---|
| YTD Return | 23.26% | 13.10% |
| 1Y Return | 36.65% | 18.95% |
| 3Y Return (Ann) | 0.04% | 7.91% |
| 5Y Return (Ann) | 16.14% | 10.27% |
| 10Y Return (Ann) | 14.34% | 9.81% |
| Sharpe Ratio | 1.60 | 1.74 |
| Daily Std Dev | 22.59% | 10.65% |
| Max Drawdown | -55.73% | -36.88% |
| Current Drawdown | -25.67% | -0.43% |
Correlation
The correlation between LGLIX and OIEJX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LGLIX vs. OIEJX - Performance Comparison
In the year-to-date period, LGLIX achieves a 23.26% return, which is significantly higher than OIEJX's 13.10% return. Over the past 10 years, LGLIX has outperformed OIEJX with an annualized return of 14.34%, while OIEJX has yielded a comparatively lower 9.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LGLIX vs. OIEJX - Expense Ratio Comparison
LGLIX has a 0.64% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Risk-Adjusted Performance
LGLIX vs. OIEJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Growth Leaders Fund (LGLIX) 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.
Dividends
LGLIX vs. OIEJX - Dividend Comparison
LGLIX has not paid dividends to shareholders, while OIEJX's dividend yield for the trailing twelve months is around 2.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLIX Lord Abbett Growth Leaders Fund | 0.00% | 0.00% | 0.00% | 23.83% | 9.27% | 9.03% | 19.82% | 6.46% | 0.00% | 4.84% | 5.82% | 6.37% |
OIEJX JPMorgan Equity Income Fund R6 | 2.69% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.38% | 2.70% | 2.71% | 2.26% | 4.11% | 3.72% |
Drawdowns
LGLIX vs. OIEJX - Drawdown Comparison
The maximum LGLIX drawdown since its inception was -55.73%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for LGLIX and OIEJX. For additional features, visit the drawdowns tool.
Volatility
LGLIX vs. OIEJX - Volatility Comparison
Lord Abbett Growth Leaders Fund (LGLIX) has a higher volatility of 7.28% compared to JPMorgan Equity Income Fund R6 (OIEJX) at 2.92%. This indicates that LGLIX's price experiences larger fluctuations and is considered to be riskier than OIEJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.