OIEIX vs. NFJ

Last updated Jun 23, 2026

OIEIX (JPMorgan Equity Income Fund Class A) and NFJ (Virtus Dividend, Interest and Premium Strategy Fund) are both Dividend funds. Over the past 10 years, OIEIX returned 12.06%/yr vs 10.92%/yr for NFJ. A 0.67 correlation means they provide meaningful diversification when combined. OIEIX charges 0.95%/yr vs 0.02%/yr for NFJ.

Performance

OIEIX vs. NFJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund Class A (OIEIX) and Virtus Dividend, Interest and Premium Strategy Fund (NFJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIEIX achieves a 12.08% return, which is significantly lower than NFJ's 22.57% return. Over the past 10 years, OIEIX has outperformed NFJ with an annualized return of 12.06%, while NFJ has yielded a comparatively lower 10.92% annualized return.

OIEIX

• 1D: 0.26%
• 1M: 2.72%
• YTD: 12.08%
• 6M: 11.34%
• 1Y: 24.29%
• 3Y*: 17.41%
• 5Y*: 11.67%
• 10Y*: 12.06%

NFJ

• 1D: -1.05%
• 1M: 5.83%
• YTD: 22.57%
• 6M: 22.76%
• 1Y: 37.37%
• 3Y*: 18.73%
• 5Y*: 9.25%
• 10Y*: 10.92%

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

OIEIX vs. NFJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEIX JPMorgan Equity Income Fund Class A	12.08%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	17.21%
NFJ Virtus Dividend, Interest and Premium Strategy Fund	22.57%	12.40%	9.96%	21.30%	-23.90%	26.75%	12.42%	30.88%	-11.97%	12.74%

Correlation

The correlation between OIEIX and NFJ is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 1, 2005	0.67

The correlation between OIEIX and NFJ shifts across timeframes, from 0.58 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OIEIX vs. NFJ — Risk / Return Rank

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

OIEIX

OIEIX Risk / Return Rank: 74
OIEIX Sharpe Ratio Rank: 75
OIEIX Sortino Ratio Rank: 74
OIEIX Omega Ratio Rank: 69
OIEIX Calmar Ratio Rank: 79
OIEIX Martin Ratio Rank: 74

NFJ

NFJ Risk / Return Rank: 87
NFJ Sharpe Ratio Rank: 91
NFJ Sortino Ratio Rank: 88
NFJ Omega Ratio Rank: 81
NFJ Calmar Ratio Rank: 90
NFJ Martin Ratio Rank: 86

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. NFJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund Class A (OIEIX) and Virtus Dividend, Interest and Premium Strategy Fund (NFJ). 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	NFJ	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.78	-0.45
Sortino ratio: Return per unit of downside risk	3.29	3.96	-0.68
Omega ratio: Gain probability vs. loss probability	1.42	1.48	-0.07
Calmar ratio: Return relative to maximum drawdown	3.43	4.38	-0.95
Martin ratio: Return relative to average drawdown	13.12	14.90	-1.79

OIEIX vs. NFJ - Sharpe Ratio Comparison

The current OIEIX Sharpe Ratio is 2.32, which is comparable to the NFJ Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of OIEIX and NFJ, 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. NFJ - Drawdown Comparison

The maximum OIEIX drawdown since its inception was -50.63%, smaller than the maximum NFJ drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for OIEIX and NFJ.

Drawdown Indicators

	OIEIX	NFJ	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-57.92%	+7.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-8.57%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-17.04%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-30.57%	+15.62%
Max Drawdown (10Y) Largest decline over 10 years	-36.92%	-40.96%	+4.04%
Current Drawdown Current decline from peak	-0.70%	-1.05%	+0.35%
Average Drawdown Average peak-to-trough decline	-6.63%	-10.77%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.51%	-0.65%

Volatility

OIEIX vs. NFJ - Volatility Comparison

The current volatility for JPMorgan Equity Income Fund Class A (OIEIX) is 3.28%, while Virtus Dividend, Interest and Premium Strategy Fund (NFJ) has a volatility of 4.94%. This indicates that OIEIX experiences smaller price fluctuations and is considered to be less risky than NFJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEIX	NFJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	4.94%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	10.68%	-2.65%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	13.55%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.31%	17.21%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	18.70%	-1.87%

OIEIX vs. NFJ - Expense Ratio Comparison

OIEIX has a 0.95% expense ratio, which is higher than NFJ's 0.02% expense ratio.

Dividends

OIEIX vs. NFJ - Dividend Comparison

OIEIX's dividend yield for the trailing twelve months is around 9.65%, more than NFJ's 8.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFJ Virtus Dividend, Interest and Premium Strategy Fund	8.07%	9.46%	9.26%	7.78%	8.83%	5.60%	6.69%	6.92%	8.43%	8.62%	9.52%	13.32%
OIEIX JPMorgan Equity Income Fund Class A	9.65%	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 NFJ in my portfolio?

OIEIX and NFJ have a correlation of 0.58, 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 NFJ?

NFJ has higher volatility (4.94%) compared to OIEIX (3.28%). In terms of maximum drawdown, OIEIX dropped -50.63% vs NFJ's -57.92%.

Which has better risk-adjusted returns?

NFJ currently has the higher Sharpe Ratio (2.78 vs 2.32), 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.