OIEIX vs. FDGDX

Last updated Jun 4, 2026

OIEIX (JPMorgan Equity Income Fund Class A) and FDGDX (Fidelity Advisor 529 Dividend Growth Portfolio Class D) are both Dividend funds. Over the past 5 years, OIEIX returned 10.41%/yr vs 15.00%/yr for FDGDX. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

OIEIX vs. FDGDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund Class A (OIEIX) and Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIEIX achieves a 10.16% return, which is significantly lower than FDGDX's 17.18% return.

OIEIX

• 1D: 1.03%
• 1M: 2.89%
• YTD: 10.16%
• 6M: 10.91%
• 1Y: 22.48%
• 3Y*: 17.72%
• 5Y*: 10.41%
• 10Y*: 11.80%

FDGDX

• 1D: -0.05%
• 1M: 5.05%
• YTD: 17.18%
• 6M: 18.60%
• 1Y: 38.09%
• 3Y*: 26.37%
• 5Y*: 15.00%
• 10Y*: —

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

OIEIX vs. FDGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEIX JPMorgan Equity Income Fund Class A	10.16%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	16.82%
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	17.18%	21.56%	26.30%	16.72%	-12.54%	27.06%	1.32%	27.67%	-7.58%	17.77%

Correlation

The correlation between OIEIX and FDGDX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.79

Over the past year, the correlation between OIEIX and FDGDX has dropped to 0.54 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

OIEIX vs. FDGDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OIEIX

OIEIX Risk / Return Rank: 61
OIEIX Sharpe Ratio Rank: 59
OIEIX Sortino Ratio Rank: 58
OIEIX Omega Ratio Rank: 54
OIEIX Calmar Ratio Rank: 70
OIEIX Martin Ratio Rank: 64

FDGDX

FDGDX Risk / Return Rank: 88
FDGDX Sharpe Ratio Rank: 92
FDGDX Sortino Ratio Rank: 87
FDGDX Omega Ratio Rank: 84
FDGDX Calmar Ratio Rank: 87
FDGDX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OIEIX vs. FDGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund Class A (OIEIX) and Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX). 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.

	OIEIX	FDGDX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	3.16	-0.90
Sortino ratio: Return per unit of downside risk	3.20	4.25	-1.05
Omega ratio: Gain probability vs. loss probability	1.41	1.57	-0.16
Calmar ratio: Return relative to maximum drawdown	3.25	4.30	-1.04
Martin ratio: Return relative to average drawdown	12.46	18.64	-6.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OIEIX vs. FDGDX - Sharpe Ratio Comparison

The current OIEIX Sharpe Ratio is 2.26, which is comparable to the FDGDX Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of OIEIX and FDGDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OIEIX	FDGDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	3.16	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.91	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.71	-0.16

Drawdowns

OIEIX vs. FDGDX - Drawdown Comparison

The maximum OIEIX drawdown since its inception was -50.63%, which is greater than FDGDX's maximum drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for OIEIX and FDGDX.

Drawdown Indicators

	OIEIX	FDGDX	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-38.44%	-12.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-10.23%	+3.09%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-21.70%	+7.47%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-21.70%	+6.75%
Max Drawdown (10Y) Largest decline over 10 years	-36.92%	—	—
Current Drawdown Current decline from peak	0.00%	-0.05%	+0.05%
Average Drawdown Average peak-to-trough decline	-6.64%	-5.43%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.25%	-0.39%

Volatility

OIEIX vs. FDGDX - Volatility Comparison

The current volatility for JPMorgan Equity Income Fund Class A (OIEIX) is 2.58%, while Fidelity Advisor 529 Dividend Growth Portfolio Class D (FDGDX) has a volatility of 3.66%. This indicates that OIEIX experiences smaller price fluctuations and is considered to be less risky than FDGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEIX	FDGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	3.66%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	11.14%	-3.34%
Volatility (1Y) Calculated over the trailing 1-year period	10.29%	13.92%	-3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	17.06%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	19.40%	-2.58%

Dividends

OIEIX vs. FDGDX - Dividend Comparison

OIEIX's dividend yield for the trailing twelve months is around 9.82%, while FDGDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGDX Fidelity Advisor 529 Dividend Growth Portfolio Class D	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OIEIX JPMorgan Equity Income Fund Class A	9.82%	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 FDGDX in my portfolio?

OIEIX and FDGDX have a correlation of 0.54, 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 FDGDX?

FDGDX has higher volatility (3.66%) compared to OIEIX (2.58%). In terms of maximum drawdown, OIEIX dropped -50.63% vs FDGDX's -38.44%.

Which has better risk-adjusted returns?

FDGDX currently has the higher Sharpe Ratio (3.16 vs 2.26), 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.