OIEIX vs. OIEJX

Last updated Jun 25, 2026

OIEIX (JPMorgan Equity Income Fund Class A) and OIEJX (JPMorgan Equity Income Fund R6) are both mutual funds - OIEIX is a Dividend fund managed by JPMorgan, while OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan. Over the past 10 years, OIEIX returned 12.26%/yr vs 12.81%/yr for OIEJX. With a 1.00 correlation, they move nearly in lockstep. OIEIX charges 0.95%/yr vs 0.45%/yr for OIEJX.

Performance

OIEIX vs. OIEJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund Class A (OIEIX) and JPMorgan Equity Income Fund R6 (OIEJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with OIEIX having a 12.03% return and OIEJX slightly higher at 12.33%. Both investments have delivered pretty close results over the past 10 years, with OIEIX having a 12.26% annualized return and OIEJX not far ahead at 12.81%.

OIEIX

• 1D: -0.63%
• 1M: 2.69%
• YTD: 12.03%
• 6M: 10.75%
• 1Y: 22.36%
• 3Y*: 18.13%
• 5Y*: 11.09%
• 10Y*: 12.26%

OIEJX

• 1D: -0.61%
• 1M: 2.74%
• YTD: 12.33%
• 6M: 11.03%
• 1Y: 22.98%
• 3Y*: 18.66%
• 5Y*: 11.61%
• 10Y*: 12.81%

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

OIEIX vs. OIEJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEIX JPMorgan Equity Income Fund Class A	12.03%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	17.21%
OIEJX JPMorgan Equity Income Fund R6	12.33%	14.95%	19.97%	5.05%	-1.63%	25.41%	3.87%	26.61%	-4.23%	17.85%

Correlation

The correlation between OIEIX and OIEJX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012	1.00

The correlation between OIEIX and OIEJX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

OIEIX vs. OIEJX — Risk / Return Rank

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

OIEIX

OIEIX Risk / Return Rank: 73
OIEIX Sharpe Ratio Rank: 73
OIEIX Sortino Ratio Rank: 73
OIEIX Omega Ratio Rank: 67
OIEIX Calmar Ratio Rank: 79
OIEIX Martin Ratio Rank: 74

OIEJX

OIEJX Risk / Return Rank: 72
OIEJX Sharpe Ratio Rank: 72
OIEJX Sortino Ratio Rank: 72
OIEJX Omega Ratio Rank: 65
OIEJX Calmar Ratio Rank: 79
OIEJX Martin Ratio Rank: 74

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. OIEJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund Class A (OIEIX) and JPMorgan Equity Income Fund R6 (OIEJX). 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	OIEJX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.28	-0.06
Sortino ratio: Return per unit of downside risk	3.15	3.23	-0.08
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	3.29	3.40	-0.11
Martin ratio: Return relative to average drawdown	12.56	13.04	-0.48

OIEIX vs. OIEJX - Sharpe Ratio Comparison

The current OIEIX Sharpe Ratio is 2.22, which is comparable to the OIEJX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of OIEIX and OIEJX, 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. OIEJX - Drawdown Comparison

The maximum OIEIX drawdown since its inception was -50.63%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for OIEIX and OIEJX.

Drawdown Indicators

	OIEIX	OIEJX	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-36.88%	-13.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-7.08%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-14.16%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-14.74%	-0.21%
Max Drawdown (10Y) Largest decline over 10 years	-36.92%	-36.88%	-0.04%
Current Drawdown Current decline from peak	-0.74%	-0.72%	-0.02%
Average Drawdown Average peak-to-trough decline	-6.63%	-3.00%	-3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.84%	+0.03%

Volatility

OIEIX vs. OIEJX - Volatility Comparison

JPMorgan Equity Income Fund Class A (OIEIX) and JPMorgan Equity Income Fund R6 (OIEJX) have volatilities of 3.39% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEIX	OIEJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.40%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	8.09%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	10.59%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	14.30%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	16.77%	+0.04%

OIEIX vs. OIEJX - Expense Ratio Comparison

OIEIX has a 0.95% expense ratio, which is higher than OIEJX's 0.45% expense ratio.

Dividends

OIEIX vs. OIEJX - Dividend Comparison

OIEIX's dividend yield for the trailing twelve months is around 9.65%, less than OIEJX's 9.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
OIEJX JPMorgan Equity Income Fund R6	9.87%	11.06%	14.67%	3.01%	3.93%	3.57%	2.04%	3.01%	5.37%	2.70%	2.71%	3.03%

Frequently Asked Questions

Can I hold both OIEIX and OIEJX in my portfolio?

With a correlation of 1.00, OIEIX and OIEJX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OIEIX or OIEJX?

OIEJX has higher volatility (3.40%) compared to OIEIX (3.39%). In terms of maximum drawdown, OIEIX dropped -50.63% vs OIEJX's -36.88%.

Which has better risk-adjusted returns?

OIEJX currently has the higher Sharpe Ratio (2.28 vs 2.22), 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.