Correlation
The correlation between OHYFX and HLIEX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OHYFX vs. HLIEX
Compare and contrast key facts about JPMorgan High Yield Fund (OHYFX) and JPMorgan Equity Income Fund (HLIEX).
OHYFX is managed by JPMorgan Chase. It was launched on Nov 13, 1998. HLIEX 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: OHYFX or HLIEX.
Performance
OHYFX vs. HLIEX - Performance Comparison
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Key characteristics
OHYFX:
2.83
HLIEX:
0.53
OHYFX:
3.87
HLIEX:
0.72
OHYFX:
1.64
HLIEX:
1.10
OHYFX:
2.85
HLIEX:
0.46
OHYFX:
13.59
HLIEX:
1.52
OHYFX:
0.69%
HLIEX:
4.67%
OHYFX:
3.40%
HLIEX:
16.28%
OHYFX:
-29.34%
HLIEX:
-50.43%
OHYFX:
0.00%
HLIEX:
-5.66%
Returns By Period
In the year-to-date period, OHYFX achieves a 2.71% return, which is significantly higher than HLIEX's 2.17% return. Over the past 10 years, OHYFX has underperformed HLIEX with an annualized return of 4.22%, while HLIEX has yielded a comparatively higher 9.24% annualized return.
OHYFX
2.71%
1.45%
2.40%
9.56%
6.26%
5.78%
4.22%
HLIEX
2.17%
4.11%
-5.48%
8.60%
6.28%
12.20%
9.24%
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OHYFX vs. HLIEX - Expense Ratio Comparison
OHYFX has a 0.65% expense ratio, which is lower than HLIEX's 0.70% expense ratio.
Risk-Adjusted Performance
OHYFX vs. HLIEX — Risk-Adjusted Performance Rank
OHYFX
HLIEX
OHYFX vs. HLIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Fund (OHYFX) and JPMorgan Equity Income Fund (HLIEX). 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.
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Dividends
OHYFX vs. HLIEX - Dividend Comparison
OHYFX's dividend yield for the trailing twelve months is around 7.10%, less than HLIEX's 8.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OHYFX JPMorgan High Yield Fund | 7.10% | 7.16% | 6.47% | 6.03% | 4.73% | 4.63% | 5.76% | 6.18% | 5.68% | 5.51% | 6.23% | 7.96% |
HLIEX JPMorgan Equity Income Fund | 8.05% | 8.15% | 2.77% | 3.68% | 3.34% | 1.82% | 2.79% | 5.12% | 2.48% | 2.44% | 2.74% | 3.88% |
Drawdowns
OHYFX vs. HLIEX - Drawdown Comparison
The maximum OHYFX drawdown since its inception was -29.34%, smaller than the maximum HLIEX drawdown of -50.43%. Use the drawdown chart below to compare losses from any high point for OHYFX and HLIEX.
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Volatility
OHYFX vs. HLIEX - Volatility Comparison
The current volatility for JPMorgan High Yield Fund (OHYFX) is 0.91%, while JPMorgan Equity Income Fund (HLIEX) has a volatility of 4.20%. This indicates that OHYFX experiences smaller price fluctuations and is considered to be less risky than HLIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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