OIEJX vs. FFFFX
Compare and contrast key facts about JPMorgan Equity Income Fund R6 (OIEJX) and Fidelity Freedom 2040 Fund (FFFFX).
OIEJX is managed by JPMorgan Chase. It was launched on Jul 2, 1987. FFFFX is managed by Fidelity. It was launched on Sep 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIEJX or FFFFX.
Key characteristics
| OIEJX | FFFFX | |
|---|---|---|
| YTD Return | 19.14% | 16.40% |
| 1Y Return | 29.96% | 28.72% |
| 3Y Return (Ann) | 6.03% | -1.06% |
| 5Y Return (Ann) | 9.65% | 4.92% |
| 10Y Return (Ann) | 8.86% | 4.56% |
| Sharpe Ratio | 2.78 | 2.57 |
| Sortino Ratio | 3.93 | 3.62 |
| Omega Ratio | 1.51 | 1.47 |
| Calmar Ratio | 3.06 | 1.13 |
| Martin Ratio | 18.27 | 16.65 |
| Ulcer Index | 1.58% | 1.68% |
| Daily Std Dev | 10.35% | 10.88% |
| Max Drawdown | -36.88% | -53.24% |
| Current Drawdown | 0.00% | -3.20% |
Correlation
The correlation between OIEJX and FFFFX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OIEJX vs. FFFFX - Performance Comparison
In the year-to-date period, OIEJX achieves a 19.14% return, which is significantly higher than FFFFX's 16.40% return. Over the past 10 years, OIEJX has outperformed FFFFX with an annualized return of 8.86%, while FFFFX has yielded a comparatively lower 4.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OIEJX vs. FFFFX - Expense Ratio Comparison
OIEJX has a 0.45% expense ratio, which is lower than FFFFX's 0.75% expense ratio.
Risk-Adjusted Performance
OIEJX vs. FFFFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund R6 (OIEJX) and Fidelity Freedom 2040 Fund (FFFFX). 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.
Dividends
OIEJX vs. FFFFX - Dividend Comparison
OIEJX's dividend yield for the trailing twelve months is around 1.97%, more than FFFFX's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIEJX JPMorgan Equity Income Fund R6 | 1.97% | 2.30% | 2.21% | 1.75% | 2.05% | 2.01% | 2.46% | 1.83% | 2.11% | 2.26% | 2.16% | 2.06% |
FFFFX Fidelity Freedom 2040 Fund | 1.13% | 1.32% | 2.11% | 2.27% | 1.06% | 1.50% | 1.68% | 1.12% | 1.44% | 4.38% | 9.27% | 6.23% |
Drawdowns
OIEJX vs. FFFFX - Drawdown Comparison
The maximum OIEJX drawdown since its inception was -36.88%, smaller than the maximum FFFFX drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for OIEJX and FFFFX. For additional features, visit the drawdowns tool.
Volatility
OIEJX vs. FFFFX - Volatility Comparison
JPMorgan Equity Income Fund R6 (OIEJX) has a higher volatility of 4.00% compared to Fidelity Freedom 2040 Fund (FFFFX) at 2.95%. This indicates that OIEJX's price experiences larger fluctuations and is considered to be riskier than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.