OIBFX vs. SPY
Compare and contrast key facts about JPMorgan Investor Balanced Fund (OIBFX) and State Street SPDR S&P 500 ETF (SPY).
OIBFX is managed by JPMorgan. It was launched on Dec 9, 1996. 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.
Performance
OIBFX vs. SPY - Performance Comparison
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OIBFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIBFX JPMorgan Investor Balanced Fund | -2.94% | 12.69% | 9.25% | 15.06% | -13.62% | 10.92% | 14.23% | 17.19% | -4.77% | 13.30% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, OIBFX achieves a -2.94% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, OIBFX has underperformed SPY with an annualized return of 7.25%, while SPY has yielded a comparatively higher 13.98% annualized return.
OIBFX
- 1D
- 0.12%
- 1M
- -5.26%
- YTD
- -2.94%
- 6M
- -1.41%
- 1Y
- 9.14%
- 3Y*
- 9.53%
- 5Y*
- 5.10%
- 10Y*
- 7.25%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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OIBFX vs. SPY - Expense Ratio Comparison
OIBFX has a 0.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
OIBFX vs. SPY — Risk / Return Rank
OIBFX
SPY
OIBFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Balanced Fund (OIBFX) and State Street 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.
| OIBFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.93 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.45 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.53 | -0.18 |
Martin ratioReturn relative to average drawdown | 5.78 | 7.30 | -1.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OIBFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.93 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.69 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.78 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.56 | +0.17 |
Correlation
The correlation between OIBFX and SPY is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OIBFX vs. SPY - Dividend Comparison
OIBFX's dividend yield for the trailing twelve months is around 5.76%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIBFX JPMorgan Investor Balanced Fund | 5.76% | 6.10% | 6.00% | 3.51% | 7.07% | 4.40% | 6.20% | 6.72% | 7.91% | 6.95% | 3.81% | 5.21% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
OIBFX vs. SPY - Drawdown Comparison
The maximum OIBFX drawdown since its inception was -29.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OIBFX and SPY.
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Drawdown Indicators
| OIBFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.42% | -55.19% | +25.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -12.05% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -24.50% | +5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -33.72% | +12.64% |
Current DrawdownCurrent decline from peak | -5.54% | -6.24% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -9.09% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 2.52% | -1.03% |
Volatility
OIBFX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Investor Balanced Fund (OIBFX) is 2.89%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that OIBFX 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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Volatility by Period
| OIBFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 5.31% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 9.47% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 19.05% | -10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.86% | 17.06% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 17.92% | -8.80% |