MDDVX vs. OIEJX

Last updated Jun 25, 2026

MDDVX (BlackRock Equity Dividend Fund Investor A Shares) and OIEJX (JPMorgan Equity Income Fund R6) are both mutual funds - MDDVX is a Dividend fund actively managed by BlackRock, while OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan. Both are actively managed. Over the past 10 years, MDDVX returned 11.66%/yr vs 12.81%/yr for OIEJX. With a 0.95 correlation, they move nearly in lockstep. MDDVX charges 0.94%/yr vs 0.45%/yr for OIEJX.

Performance

MDDVX vs. OIEJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and JPMorgan Equity Income Fund R6 (OIEJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDDVX achieves a 10.67% return, which is significantly lower than OIEJX's 12.33% return. Over the past 10 years, MDDVX has underperformed OIEJX with an annualized return of 11.66%, while OIEJX has yielded a comparatively higher 12.81% annualized return.

MDDVX

• 1D: -0.95%
• 1M: 2.01%
• YTD: 10.67%
• 6M: 10.04%
• 1Y: 23.58%
• 3Y*: 15.80%
• 5Y*: 9.74%
• 10Y*: 11.66%

OIEJX

• 1D: -0.61%
• 1M: 2.74%
• YTD: 12.33%
• 6M: 11.03%
• 1Y: 22.98%
• 3Y*: 18.66%
• 5Y*: 11.61%
• 10Y*: 12.81%

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

MDDVX vs. OIEJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDDVX BlackRock Equity Dividend Fund Investor A Shares	10.67%	21.43%	6.78%	12.39%	-4.17%	19.86%	3.74%	27.30%	-7.42%	16.06%
OIEJX JPMorgan Equity Income Fund R6	12.33%	14.95%	19.97%	5.05%	-1.63%	25.41%	3.87%	26.61%	-4.23%	17.85%

Correlation

The correlation between MDDVX and OIEJX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012	0.95

The correlation between MDDVX and OIEJX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

MDDVX vs. OIEJX — Risk / Return Rank

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

MDDVX

MDDVX Risk / Return Rank: 65
MDDVX Sharpe Ratio Rank: 68
MDDVX Sortino Ratio Rank: 67
MDDVX Omega Ratio Rank: 63
MDDVX Calmar Ratio Rank: 62
MDDVX Martin Ratio Rank: 66

OIEJX

OIEJX Risk / Return Rank: 72
OIEJX Sharpe Ratio Rank: 72
OIEJX Sortino Ratio Rank: 72
OIEJX Omega Ratio Rank: 65
OIEJX Calmar Ratio Rank: 79
OIEJX Martin Ratio Rank: 74

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.

MDDVX vs. OIEJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Investor A Shares (MDDVX) 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.

	MDDVX	OIEJX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.28	-0.15
Sortino ratio: Return per unit of downside risk	2.98	3.23	-0.25
Omega ratio: Gain probability vs. loss probability	1.38	1.41	-0.03
Calmar ratio: Return relative to maximum drawdown	2.75	3.40	-0.65
Martin ratio: Return relative to average drawdown	11.50	13.04	-1.53

MDDVX vs. OIEJX - Sharpe Ratio Comparison

The current MDDVX Sharpe Ratio is 2.12, which is comparable to the OIEJX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of MDDVX and OIEJX, 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

MDDVX vs. OIEJX - Drawdown Comparison

The maximum MDDVX drawdown since its inception was -50.22%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for MDDVX and OIEJX.

Drawdown Indicators

	MDDVX	OIEJX	Difference
Max Drawdown Largest peak-to-trough decline	-50.22%	-36.88%	-13.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-7.08%	-1.94%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-14.16%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-18.18%	-14.74%	-3.44%
Max Drawdown (10Y) Largest decline over 10 years	-35.93%	-36.88%	+0.95%
Current Drawdown Current decline from peak	-1.55%	-0.72%	-0.83%
Average Drawdown Average peak-to-trough decline	-5.92%	-3.00%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.84%	+0.31%

Volatility

MDDVX vs. OIEJX - Volatility Comparison

BlackRock Equity Dividend Fund Investor A Shares (MDDVX) has a higher volatility of 4.36% compared to JPMorgan Equity Income Fund R6 (OIEJX) at 3.40%. This indicates that MDDVX'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.

Volatility by Period

	MDDVX	OIEJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	3.40%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	8.09%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	10.59%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	14.30%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	16.77%	-0.45%

MDDVX vs. OIEJX - Expense Ratio Comparison

MDDVX has a 0.94% expense ratio, which is higher than OIEJX's 0.45% expense ratio.

Dividends

MDDVX vs. OIEJX - Dividend Comparison

MDDVX's dividend yield for the trailing twelve months is around 9.11%, less than OIEJX's 9.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDDVX BlackRock Equity Dividend Fund Investor A Shares	9.11%	10.06%	8.38%	6.89%	13.29%	11.93%	6.15%	12.95%	13.77%	14.20%	7.79%	18.15%
OIEJX JPMorgan Equity Income Fund R6	9.87%	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

Can I hold both MDDVX and OIEJX in my portfolio?

With a correlation of 0.92, MDDVX and OIEJX 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, MDDVX or OIEJX?

MDDVX has higher volatility (4.36%) compared to OIEJX (3.40%). In terms of maximum drawdown, MDDVX dropped -50.22% vs OIEJX's -36.88%.

Which has better risk-adjusted returns?

OIEJX currently has the higher Sharpe Ratio (2.28 vs 2.12), 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.