NDARX vs. OIBFX

Last updated Jun 5, 2026

NDARX (American Funds Retirement Income Portfolio - Enhanced) and OIBFX (JPMorgan Investor Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, NDARX returned 8.45%/yr vs 7.91%/yr for OIBFX. Their correlation of 0.95 suggests significant overlap in exposure. NDARX charges 0.34%/yr vs 0.32%/yr for OIBFX.

Performance

NDARX vs. OIBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Retirement Income Portfolio - Enhanced (NDARX) and JPMorgan Investor Balanced Fund (OIBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDARX achieves a 6.53% return, which is significantly higher than OIBFX's 4.89% return. Over the past 10 years, NDARX has outperformed OIBFX with an annualized return of 8.45%, while OIBFX has yielded a comparatively lower 7.91% annualized return.

NDARX

• 1D: -0.43%
• 1M: 1.77%
• YTD: 6.53%
• 6M: 7.20%
• 1Y: 17.36%
• 3Y*: 14.61%
• 5Y*: 7.81%
• 10Y*: 8.45%

OIBFX

• 1D: -0.46%
• 1M: 1.63%
• YTD: 4.89%
• 6M: 5.07%
• 1Y: 14.02%
• 3Y*: 11.93%
• 5Y*: 5.86%
• 10Y*: 7.91%

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

NDARX vs. OIBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDARX American Funds Retirement Income Portfolio - Enhanced	6.53%	17.21%	11.68%	12.03%	-10.98%	15.09%	7.10%	17.88%	-4.99%	13.62%
OIBFX JPMorgan Investor Balanced Fund	4.89%	12.69%	9.25%	15.06%	-13.62%	10.92%	14.23%	17.19%	-4.77%	13.30%

Correlation

The correlation between NDARX and OIBFX 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	0.95
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	0.95
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.95

The correlation between NDARX and OIBFX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

NDARX vs. OIBFX — Risk / Return Rank

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

NDARX

NDARX Risk / Return Rank: 59
NDARX Sharpe Ratio Rank: 63
NDARX Sortino Ratio Rank: 61
NDARX Omega Ratio Rank: 64
NDARX Calmar Ratio Rank: 47
NDARX Martin Ratio Rank: 59

OIBFX

OIBFX Risk / Return Rank: 54
OIBFX Sharpe Ratio Rank: 55
OIBFX Sortino Ratio Rank: 56
OIBFX Omega Ratio Rank: 56
OIBFX Calmar Ratio Rank: 47
OIBFX Martin Ratio Rank: 58

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.

NDARX vs. OIBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Enhanced (NDARX) and JPMorgan Investor Balanced Fund (OIBFX). 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.

	NDARX	OIBFX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.13	+0.20
Sortino ratio: Return per unit of downside risk	3.29	3.07	+0.22
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	2.59	2.56	+0.03
Martin ratio: Return relative to average drawdown	11.68	11.24	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDARX vs. OIBFX - Sharpe Ratio Comparison

The current NDARX Sharpe Ratio is 2.33, which is comparable to the OIBFX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of NDARX and OIBFX, 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

	NDARX	OIBFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.13	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.66	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.87	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.75	+0.10

Drawdowns

NDARX vs. OIBFX - Drawdown Comparison

The maximum NDARX drawdown since its inception was -23.62%, smaller than the maximum OIBFX drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for NDARX and OIBFX.

Drawdown Indicators

	NDARX	OIBFX	Difference
Max Drawdown Largest peak-to-trough decline	-23.62%	-29.42%	+5.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-5.66%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-9.18%	-8.61%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-18.37%	-18.74%	+0.37%
Max Drawdown (10Y) Largest decline over 10 years	-23.62%	-21.08%	-2.54%
Current Drawdown Current decline from peak	-0.43%	-0.46%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.09%	-3.48%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.29%	+0.23%

Volatility

NDARX vs. OIBFX - Volatility Comparison

American Funds Retirement Income Portfolio - Enhanced (NDARX) and JPMorgan Investor Balanced Fund (OIBFX) have volatilities of 2.33% and 2.23%, 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

	NDARX	OIBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	2.23%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.12%	5.46%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	7.63%	6.80%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	8.91%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.21%	9.16%	+1.05%

NDARX vs. OIBFX - Expense Ratio Comparison

NDARX has a 0.34% expense ratio, which is higher than OIBFX's 0.32% expense ratio.

Dividends

NDARX vs. OIBFX - Dividend Comparison

NDARX's dividend yield for the trailing twelve months is around 4.91%, less than OIBFX's 5.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDARX American Funds Retirement Income Portfolio - Enhanced	4.91%	5.78%	3.07%	3.37%	5.60%	4.29%	2.91%	4.03%	4.29%	2.68%	2.86%	0.00%
OIBFX JPMorgan Investor Balanced Fund	5.87%	6.10%	6.00%	3.51%	7.07%	4.40%	6.20%	6.72%	7.91%	6.95%	3.81%	5.21%

Frequently Asked Questions

Can I hold both NDARX and OIBFX in my portfolio?

With a correlation of 0.95, NDARX and OIBFX 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, NDARX or OIBFX?

NDARX has higher volatility (2.33%) compared to OIBFX (2.23%). In terms of maximum drawdown, NDARX dropped -23.62% vs OIBFX's -29.42%.

Which has better risk-adjusted returns?

NDARX currently has the higher Sharpe Ratio (2.33 vs 2.13), 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.