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.
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.
Performance
OHYFX vs. SPY - Performance Comparison
Key characteristics
OHYFX:
2.69
SPY:
0.54
OHYFX:
3.63
SPY:
0.90
OHYFX:
1.61
SPY:
1.13
OHYFX:
2.64
SPY:
0.57
OHYFX:
12.62
SPY:
2.24
OHYFX:
0.69%
SPY:
4.82%
OHYFX:
3.33%
SPY:
20.02%
OHYFX:
-30.11%
SPY:
-55.19%
OHYFX:
-0.18%
SPY:
-7.53%
Returns By Period
In the year-to-date period, OHYFX achieves a 1.77% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, OHYFX has underperformed SPY with an annualized return of 4.16%, while SPY has yielded a comparatively higher 12.33% annualized return.
OHYFX
1.77%
3.23%
1.84%
8.89%
6.26%
4.16%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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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.
Dividends
OHYFX vs. SPY - Dividend Comparison
OHYFX's dividend yield for the trailing twelve months is around 7.17%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OHYFX JPMorgan High Yield Fund | 7.17% | 7.16% | 6.47% | 6.03% | 4.73% | 4.63% | 5.76% | 6.18% | 5.68% | 5.51% | 6.17% | 5.76% |
SPY SPDR S&P 500 ETF | 1.27% | 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 -30.11%, 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. For additional features, visit the drawdowns tool.
Volatility
OHYFX vs. SPY - Volatility Comparison
The current volatility for JPMorgan High Yield Fund (OHYFX) is 1.19%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. 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.