Correlation
The correlation between OHYFX and SPY 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. SPY
Compare and contrast key facts about JPMorgan High Yield Fund (OHYFX) and SPDR S&P 500 ETF (SPY).
OHYFX is managed by JPMorgan Chase. It was launched on Nov 13, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OHYFX or SPY.
Performance
OHYFX vs. SPY - Performance Comparison
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Key characteristics
OHYFX:
2.74
SPY:
0.67
OHYFX:
3.56
SPY:
1.03
OHYFX:
1.59
SPY:
1.15
OHYFX:
2.69
SPY:
0.69
OHYFX:
12.83
SPY:
2.61
OHYFX:
0.69%
SPY:
4.92%
OHYFX:
3.46%
SPY:
20.44%
OHYFX:
-29.34%
SPY:
-55.19%
OHYFX:
-0.61%
SPY:
-3.44%
Returns By Period
In the year-to-date period, OHYFX achieves a 2.08% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, OHYFX has underperformed SPY with an annualized return of 4.16%, while SPY has yielded a comparatively higher 12.73% annualized return.
OHYFX
2.08%
0.62%
1.61%
9.33%
6.05%
5.65%
4.16%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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OHYFX vs. SPY - Expense Ratio Comparison
OHYFX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OHYFX vs. SPY — Risk-Adjusted Performance Rank
OHYFX
SPY
OHYFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Fund (OHYFX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
OHYFX's dividend yield for the trailing twelve months is around 6.62%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OHYFX JPMorgan High Yield Fund | 6.62% | 7.16% | 6.47% | 6.03% | 4.73% | 4.63% | 5.76% | 6.18% | 5.68% | 5.51% | 6.23% | 7.96% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OHYFX vs. SPY - Drawdown Comparison
The maximum OHYFX drawdown since its inception was -29.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OHYFX and SPY.
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Volatility
OHYFX vs. SPY - Volatility Comparison
The current volatility for JPMorgan High Yield Fund (OHYFX) is 1.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that OHYFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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