OGEAX vs. VHIAX

Last updated Jun 6, 2026

OGEAX (JPMorgan Equity Index Fund Class A) and VHIAX (JPMorgan Growth Advantage Fund) are both mutual funds - OGEAX is a Large Cap Blend Equities fund tracking the S&P 500, while VHIAX is a Large Cap Growth Equities fund managed by JPMorgan. Over the past 10 years, OGEAX returned 15.04%/yr vs 19.05%/yr for VHIAX. Their correlation of 0.88 suggests significant overlap in exposure. OGEAX charges 0.45%/yr vs 1.04%/yr for VHIAX.

Performance

OGEAX vs. VHIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Index Fund Class A (OGEAX) and JPMorgan Growth Advantage Fund (VHIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGEAX achieves a 10.97% return, which is significantly higher than VHIAX's 6.63% return. Over the past 10 years, OGEAX has underperformed VHIAX with an annualized return of 15.04%, while VHIAX has yielded a comparatively higher 19.05% annualized return.

OGEAX

• 1D: 0.42%
• 1M: 3.08%
• YTD: 10.97%
• 6M: 10.62%
• 1Y: 28.48%
• 3Y*: 22.11%
• 5Y*: 13.47%
• 10Y*: 15.04%

VHIAX

• 1D: 0.19%
• 1M: 1.95%
• YTD: 6.63%
• 6M: 4.69%
• 1Y: 21.96%
• 3Y*: 25.17%
• 5Y*: 13.89%
• 10Y*: 19.05%

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

OGEAX vs. VHIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGEAX JPMorgan Equity Index Fund Class A	10.97%	17.36%	24.47%	25.72%	-18.50%	28.11%	17.93%	30.90%	-4.86%	21.28%
VHIAX JPMorgan Growth Advantage Fund	6.63%	15.50%	39.19%	39.81%	-30.24%	21.60%	53.26%	35.92%	-1.52%	35.19%

Correlation

The correlation between OGEAX and VHIAX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 1, 1999	0.88

The correlation between OGEAX and VHIAX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

OGEAX vs. VHIAX — Risk / Return Rank

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

OGEAX

OGEAX Risk / Return Rank: 68
OGEAX Sharpe Ratio Rank: 68
OGEAX Sortino Ratio Rank: 62
OGEAX Omega Ratio Rank: 64
OGEAX Calmar Ratio Rank: 68
OGEAX Martin Ratio Rank: 80

VHIAX

VHIAX Risk / Return Rank: 21
VHIAX Sharpe Ratio Rank: 25
VHIAX Sortino Ratio Rank: 23
VHIAX Omega Ratio Rank: 25
VHIAX Calmar Ratio Rank: 17
VHIAX Martin Ratio Rank: 17

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.

OGEAX vs. VHIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class A (OGEAX) and JPMorgan Growth Advantage Fund (VHIAX). 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.

	OGEAX	VHIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.38	+0.97
Sortino ratio: Return per unit of downside risk	3.20	1.92	+1.28
Omega ratio: Gain probability vs. loss probability	1.42	1.25	+0.18
Calmar ratio: Return relative to maximum drawdown	3.07	1.36	+1.70
Martin ratio: Return relative to average drawdown	14.39	4.33	+10.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGEAX vs. VHIAX - Sharpe Ratio Comparison

The current OGEAX Sharpe Ratio is 2.35, which is higher than the VHIAX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of OGEAX and VHIAX, 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

	OGEAX	VHIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.38	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.62	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.86	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.36	+0.20

Drawdowns

OGEAX vs. VHIAX - Drawdown Comparison

The maximum OGEAX drawdown since its inception was -55.40%, smaller than the maximum VHIAX drawdown of -85.49%. Use the drawdown chart below to compare losses from any high point for OGEAX and VHIAX.

Drawdown Indicators

	OGEAX	VHIAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.40%	-85.49%	+30.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-15.76%	+6.65%
Max Drawdown (3Y) Largest decline over 3 years	-18.80%	-24.38%	+5.58%
Max Drawdown (5Y) Largest decline over 5 years	-24.77%	-35.25%	+10.48%
Max Drawdown (10Y) Largest decline over 10 years	-33.75%	-35.25%	+1.50%
Current Drawdown Current decline from peak	-0.32%	-1.01%	+0.69%
Average Drawdown Average peak-to-trough decline	-9.11%	-40.11%	+31.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	4.95%	-3.01%

Volatility

OGEAX vs. VHIAX - Volatility Comparison

The current volatility for JPMorgan Equity Index Fund Class A (OGEAX) is 2.87%, while JPMorgan Growth Advantage Fund (VHIAX) has a volatility of 4.07%. This indicates that OGEAX experiences smaller price fluctuations and is considered to be less risky than VHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGEAX	VHIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	4.07%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	11.82%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	15.59%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	22.39%	-5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	22.18%	-4.11%

OGEAX vs. VHIAX - Expense Ratio Comparison

OGEAX has a 0.45% expense ratio, which is lower than VHIAX's 1.04% expense ratio.

Dividends

OGEAX vs. VHIAX - Dividend Comparison

OGEAX's dividend yield for the trailing twelve months is around 0.67%, less than VHIAX's 11.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OGEAX JPMorgan Equity Index Fund Class A	0.67%	0.89%	0.86%	1.10%	1.24%	2.16%	1.35%	1.79%	1.93%	2.23%	11.00%	20.02%
VHIAX JPMorgan Growth Advantage Fund	11.91%	12.70%	12.63%	0.64%	0.43%	15.55%	10.33%	9.95%	9.93%	4.25%	0.00%	3.55%

Frequently Asked Questions

Can I hold both OGEAX and VHIAX in my portfolio?

With a correlation of 0.93, OGEAX and VHIAX 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, OGEAX or VHIAX?

VHIAX has higher volatility (4.07%) compared to OGEAX (2.87%). In terms of maximum drawdown, OGEAX dropped -55.40% vs VHIAX's -85.49%.

Which has better risk-adjusted returns?

OGEAX currently has the higher Sharpe Ratio (2.35 vs 1.38), 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.