OIEIX vs. DGRW

Last updated Aug 5, 2026

OIEIX (JPMorgan Equity Income Fund Class A) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both funds - OIEIX is a Dividend fund managed by JPMorgan, while DGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Over the past 10 years, OIEIX returned 12.19%/yr vs 13.96%/yr for DGRW. Their correlation of 0.90 means they have usually moved in the same direction. OIEIX charges 0.95%/yr vs 0.28%/yr for DGRW.

Performance

OIEIX vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund Class A (OIEIX) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIEIX achieves a 17.49% return, which is significantly higher than DGRW's 11.71% return. Over the past 10 years, OIEIX has underperformed DGRW with an annualized return of 12.19%, while DGRW has yielded a comparatively higher 13.96% annualized return.

OIEIX

• 1D: 0.90%
• 1M: 2.51%
• 6M: 12.14%
• YTD: 17.49%
• 1Y: 26.37%
• 3Y*: 18.52%
• 5Y*: 11.89%
• 10Y*: 12.19%
• ALL TIME*: 9.21%

DGRW

• 1D: 1.50%
• 1M: 3.61%
• 6M: 8.71%
• YTD: 11.71%
• 1Y: 17.81%
• 3Y*: 15.86%
• 5Y*: 12.00%
• 10Y*: 13.96%
• ALL TIME*: 13.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$56.36M	$50.45M	$56.24M
OIEIX JPMorgan Equity Income Fund Class A	$0.00	$0.00	$0.00

OIEIX vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEIX JPMorgan Equity Income Fund Class A	17.49%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	17.21%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	11.71%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between OIEIX and DGRW is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.90

The correlation between OIEIX and DGRW shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OIEIX vs. DGRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OIEIX

OIEIX Risk / Return Rank: 93
OIEIX Sharpe Ratio Rank: 95
OIEIX Sortino Ratio Rank: 94
OIEIX Omega Ratio Rank: 91
OIEIX Calmar Ratio Rank: 92
OIEIX Martin Ratio Rank: 93

DGRW

DGRW Risk / Return Rank: 63
DGRW Sharpe Ratio Rank: 66
DGRW Sortino Ratio Rank: 66
DGRW Omega Ratio Rank: 67
DGRW Calmar Ratio Rank: 53
DGRW Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OIEIX vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund Class A (OIEIX) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OIEIX	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.71	+0.94
Sortino ratio: Return per unit of downside risk	3.71	2.43	+1.28
Omega ratio: Gain probability vs. loss probability	1.48	1.32	+0.16
Calmar ratio: Return relative to maximum drawdown	3.89	2.15	+1.74
Martin ratio: Return relative to average drawdown	15.16	8.70	+6.45

OIEIX vs. DGRW - Sharpe Ratio Comparison

The current OIEIX Sharpe Ratio is 2.64, which is higher than the DGRW Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of OIEIX and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OIEIX vs. DGRW - Drawdown Comparison

The maximum OIEIX drawdown since its inception was -50.63%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for OIEIX and DGRW.

Drawdown Indicators

	OIEIX	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-32.04%	-18.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-8.30%	+1.16%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-16.21%	+1.98%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-17.27%	+2.32%
Max Drawdown (10Y) Largest decline over 10 years	-36.92%	-32.04%	-4.88%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.61%	-3.00%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.05%	-0.22%

Volatility

OIEIX vs. DGRW - Volatility Comparison

The current volatility for JPMorgan Equity Income Fund Class A (OIEIX) is 2.75%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.47%. This indicates that OIEIX experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEIX	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	3.47%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	8.54%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.53%	10.55%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	14.03%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	16.20%	+0.59%

OIEIX vs. DGRW - Expense Ratio Comparison

OIEIX has a 0.95% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

OIEIX vs. DGRW - Dividend Comparison

OIEIX's dividend yield for the trailing twelve months is around 9.16%, more than DGRW's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.24%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
OIEIX JPMorgan Equity Income Fund Class A	9.16%	10.83%	14.48%	2.59%	3.50%	3.17%	1.62%	2.60%	4.95%	2.29%	2.30%	2.52%

Frequently Asked Questions

Can I hold both OIEIX and DGRW in my portfolio?

OIEIX and DGRW have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OIEIX or DGRW?

DGRW has higher volatility (3.47%) compared to OIEIX (2.75%). In terms of maximum drawdown, OIEIX dropped -50.63% vs DGRW's -32.04%.

Which has better risk-adjusted returns?

OIEIX currently has the higher Sharpe Ratio (2.64 vs 1.71), 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.