OIEIX vs. SCHD

Last updated Jun 25, 2026

OIEIX (JPMorgan Equity Income Fund Class A) and SCHD (Schwab U.S. Dividend Equity ETF) are both Dividend funds. Over the past 10 years, OIEIX returned 12.26%/yr vs 12.62%/yr for SCHD. Their correlation of 0.92 suggests significant overlap in exposure. OIEIX charges 0.95%/yr vs 0.06%/yr for SCHD.

Performance

OIEIX vs. SCHD - Performance Comparison

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

Returns By Period

In the year-to-date period, OIEIX achieves a 12.03% return, which is significantly lower than SCHD's 16.62% return. Both investments have delivered pretty close results over the past 10 years, with OIEIX having a 12.26% annualized return and SCHD not far ahead at 12.62%.

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%

SCHD

• 1D: -0.94%
• 1M: -3.38%
• YTD: 16.62%
• 6M: 15.65%
• 1Y: 23.21%
• 3Y*: 14.25%
• 5Y*: 8.36%
• 10Y*: 12.62%

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

OIEIX vs. SCHD - 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%
SCHD Schwab U.S. Dividend Equity ETF	16.62%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between OIEIX and SCHD is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.92

The correlation between OIEIX and SCHD shifts across timeframes, from 0.75 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OIEIX vs. SCHD — 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

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 73
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 73

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund Class A (OIEIX) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.10	+0.13
Sortino ratio: Return per unit of downside risk	3.15	3.20	-0.05
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	3.29	5.05	-1.77
Martin ratio: Return relative to average drawdown	12.56	12.16	+0.41

OIEIX vs. SCHD - Sharpe Ratio Comparison

The current OIEIX Sharpe Ratio is 2.22, which is comparable to the SCHD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of OIEIX and SCHD, 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. SCHD - Drawdown Comparison

The maximum OIEIX drawdown since its inception was -50.63%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for OIEIX and SCHD.

Drawdown Indicators

	OIEIX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-33.37%	-17.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-4.61%	-2.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-16.13%	+1.90%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-16.85%	+1.90%
Max Drawdown (10Y) Largest decline over 10 years	-36.92%	-33.37%	-3.55%
Current Drawdown Current decline from peak	-0.74%	-3.38%	+2.64%
Average Drawdown Average peak-to-trough decline	-6.63%	-3.31%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.92%	-0.05%

Volatility

OIEIX vs. SCHD - Volatility Comparison

JPMorgan Equity Income Fund Class A (OIEIX) has a higher volatility of 3.39% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.13%. This indicates that OIEIX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEIX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.13%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	7.80%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	11.12%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	14.36%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	16.71%	+0.10%

OIEIX vs. SCHD - Expense Ratio Comparison

OIEIX has a 0.95% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

OIEIX vs. SCHD - Dividend Comparison

OIEIX's dividend yield for the trailing twelve months is around 9.65%, more than SCHD's 3.33% 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%
SCHD Schwab U.S. Dividend Equity ETF	3.33%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both OIEIX and SCHD in my portfolio?

OIEIX and SCHD have a correlation of 0.75, 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 SCHD?

OIEIX has higher volatility (3.39%) compared to SCHD (3.13%). In terms of maximum drawdown, OIEIX dropped -50.63% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

OIEIX currently has the higher Sharpe Ratio (2.22 vs 2.10), 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.