OGIAX vs. VBIAX

Last updated Jun 4, 2026

OGIAX (JPMorgan Investor Balanced A) and VBIAX (Vanguard Balanced Index Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, OGIAX returned 8.30%/yr vs 9.83%/yr for VBIAX. With a 0.97 correlation, they move nearly in lockstep. OGIAX charges 0.97%/yr vs 0.07%/yr for VBIAX.

Performance

OGIAX vs. VBIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Investor Balanced A (OGIAX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGIAX achieves a 5.20% return, which is significantly lower than VBIAX's 7.35% return. Over the past 10 years, OGIAX has underperformed VBIAX with an annualized return of 8.30%, while VBIAX has yielded a comparatively higher 9.83% annualized return.

OGIAX

• 1D: 0.17%
• 1M: 2.53%
• YTD: 5.20%
• 6M: 5.38%
• 1Y: 14.60%
• 3Y*: 11.82%
• 5Y*: 5.99%
• 10Y*: 8.30%

VBIAX

• 1D: 0.15%
• 1M: 3.71%
• YTD: 7.35%
• 6M: 7.26%
• 1Y: 19.35%
• 3Y*: 15.04%
• 5Y*: 8.01%
• 10Y*: 9.83%

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

OGIAX vs. VBIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGIAX JPMorgan Investor Balanced A	5.20%	12.46%	9.00%	14.74%	-13.87%	11.73%	13.91%	22.60%	-5.01%	13.03%
VBIAX Vanguard Balanced Index Fund Admiral Shares	7.35%	13.61%	14.58%	17.54%	-16.90%	14.21%	16.40%	21.78%	-2.86%	13.89%

Correlation

The correlation between OGIAX and VBIAX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.97

The correlation between OGIAX and VBIAX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

OGIAX vs. VBIAX — Risk / Return Rank

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

OGIAX

OGIAX Risk / Return Rank: 55
OGIAX Sharpe Ratio Rank: 55
OGIAX Sortino Ratio Rank: 56
OGIAX Omega Ratio Rank: 56
OGIAX Calmar Ratio Rank: 48
OGIAX Martin Ratio Rank: 58

VBIAX

VBIAX Risk / Return Rank: 76
VBIAX Sharpe Ratio Rank: 76
VBIAX Sortino Ratio Rank: 74
VBIAX Omega Ratio Rank: 70
VBIAX Calmar Ratio Rank: 75
VBIAX Martin Ratio Rank: 83

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.

OGIAX vs. VBIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Balanced A (OGIAX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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.

	OGIAX	VBIAX	Difference
Sharpe ratio Return per unit of total volatility	2.18	2.52	-0.34
Sortino ratio Return per unit of downside risk	3.17	3.59	-0.42
Omega ratio Gain probability vs. loss probability	1.41	1.47	-0.05
Calmar ratio Return relative to maximum drawdown	2.65	3.42	-0.77
Martin ratio Return relative to average drawdown	11.56	15.60	-4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGIAX vs. VBIAX - Sharpe Ratio Comparison

The current OGIAX Sharpe Ratio is 2.18, which is comparable to the VBIAX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of OGIAX and VBIAX, 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

	OGIAX	VBIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.52	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.73	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.88	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.64	+0.11

Drawdowns

OGIAX vs. VBIAX - Drawdown Comparison

The maximum OGIAX drawdown since its inception was -29.75%, smaller than the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for OGIAX and VBIAX.

Drawdown Indicators

	OGIAX	VBIAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.75%	-35.90%	+6.15%
Max Drawdown (1Y) Largest decline over 1 year	-5.62%	-5.83%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-8.70%	-11.70%	+3.00%
Max Drawdown (5Y) Largest decline over 5 years	-18.78%	-21.53%	+2.75%
Max Drawdown (10Y) Largest decline over 10 years	-21.07%	-22.78%	+1.71%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.57%	-4.44%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	1.27%	+0.01%

Volatility

OGIAX vs. VBIAX - Volatility Comparison

JPMorgan Investor Balanced A (OGIAX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX) have volatilities of 2.22% and 2.26%, 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

	OGIAX	VBIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	2.26%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	5.49%	6.11%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	6.83%	7.90%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.96%	11.05%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.32%	11.21%	-1.89%

OGIAX vs. VBIAX - Expense Ratio Comparison

OGIAX has a 0.97% expense ratio, which is higher than VBIAX's 0.07% expense ratio.

Dividends

OGIAX vs. VBIAX - Dividend Comparison

OGIAX's dividend yield for the trailing twelve months is around 5.63%, more than VBIAX's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OGIAX JPMorgan Investor Balanced A	5.63%	5.87%	5.76%	3.28%	6.82%	5.11%	5.99%	11.18%	7.63%	6.70%	3.56%	4.94%
VBIAX Vanguard Balanced Index Fund Admiral Shares	5.21%	6.00%	5.27%	4.35%	2.83%	3.19%	2.65%	2.28%	2.32%	1.95%	2.09%	2.09%

Frequently Asked Questions

Can I hold both OGIAX and VBIAX in my portfolio?

With a correlation of 0.97, OGIAX and VBIAX 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, OGIAX or VBIAX?

VBIAX has higher volatility (2.26%) compared to OGIAX (2.22%). In terms of maximum drawdown, OGIAX dropped -29.75% vs VBIAX's -35.90%.

Which has better risk-adjusted returns?

VBIAX currently has the higher Sharpe Ratio (2.52 vs 2.18), 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.