OIEJX vs. FFFFX

Last updated Jun 24, 2026

OIEJX (JPMorgan Equity Income Fund R6) and FFFFX (Fidelity Freedom 2040 Fund) are both mutual funds - OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan, while FFFFX is a Target Retirement Date fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, OIEJX returned 12.88%/yr vs 12.48%/yr for FFFFX. Their correlation of 0.84 suggests significant overlap in exposure. OIEJX charges 0.45%/yr vs 0.66%/yr for FFFFX.

Performance

OIEJX vs. FFFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund R6 (OIEJX) and Fidelity Freedom 2040 Fund (FFFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OIEJX having a 13.03% return and FFFFX slightly lower at 12.75%. Both investments have delivered pretty close results over the past 10 years, with OIEJX having a 12.88% annualized return and FFFFX not far behind at 12.48%.

OIEJX

• 1D: 0.62%
• 1M: 3.37%
• YTD: 13.03%
• 6M: 12.25%
• 1Y: 24.74%
• 3Y*: 18.91%
• 5Y*: 11.91%
• 10Y*: 12.88%

FFFFX

• 1D: -0.27%
• 1M: 2.69%
• YTD: 12.75%
• 6M: 12.31%
• 1Y: 27.67%
• 3Y*: 19.19%
• 5Y*: 9.65%
• 10Y*: 12.48%

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

OIEJX vs. FFFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEJX JPMorgan Equity Income Fund R6	13.03%	14.95%	19.97%	5.05%	-1.63%	25.41%	3.87%	26.61%	-4.23%	17.85%
FFFFX Fidelity Freedom 2040 Fund	12.75%	22.01%	13.20%	20.06%	-18.31%	16.57%	18.24%	25.38%	-8.94%	22.26%

Correlation

The correlation between OIEJX and FFFFX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012	0.84

The correlation between OIEJX and FFFFX shifts across timeframes, from 0.69 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OIEJX vs. FFFFX — Risk / Return Rank

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

OIEJX

OIEJX Risk / Return Rank: 80
OIEJX Sharpe Ratio Rank: 81
OIEJX Sortino Ratio Rank: 79
OIEJX Omega Ratio Rank: 74
OIEJX Calmar Ratio Rank: 83
OIEJX Martin Ratio Rank: 80

FFFFX

FFFFX Risk / Return Rank: 76
FFFFX Sharpe Ratio Rank: 77
FFFFX Sortino Ratio Rank: 72
FFFFX Omega Ratio Rank: 74
FFFFX Calmar Ratio Rank: 77
FFFFX Martin Ratio Rank: 82

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.

OIEJX vs. FFFFX - Risk-Adjusted Trends 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.

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.

	OIEJX	FFFFX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.34	+0.09
Sortino ratio: Return per unit of downside risk	3.44	3.22	+0.22
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	3.64	3.29	+0.35
Martin ratio: Return relative to average drawdown	13.95	14.22	-0.26

OIEJX vs. FFFFX - Sharpe Ratio Comparison

The current OIEJX Sharpe Ratio is 2.44, which is comparable to the FFFFX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of OIEJX and FFFFX, 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

OIEJX vs. FFFFX - Drawdown Comparison

The maximum OIEJX drawdown since its inception was -36.88%, smaller than the maximum FFFFX drawdown of -54.10%. Use the drawdown chart below to compare losses from any high point for OIEJX and FFFFX.

Drawdown Indicators

	OIEJX	FFFFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.88%	-54.10%	+17.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-8.71%	+1.63%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-14.08%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-14.74%	-27.21%	+12.47%
Max Drawdown (10Y) Largest decline over 10 years	-36.88%	-30.93%	-5.95%
Current Drawdown Current decline from peak	-0.11%	-0.27%	+0.16%
Average Drawdown Average peak-to-trough decline	-3.00%	-11.12%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.01%	-0.17%

Volatility

OIEJX vs. FFFFX - Volatility Comparison

The current volatility for JPMorgan Equity Income Fund R6 (OIEJX) is 3.30%, while Fidelity Freedom 2040 Fund (FFFFX) has a volatility of 5.03%. This indicates that OIEJX experiences smaller price fluctuations and is considered to be less risky than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEJX	FFFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	5.03%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	10.36%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	10.59%	12.24%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	14.50%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	15.12%	+1.68%

OIEJX vs. FFFFX - Expense Ratio Comparison

OIEJX has a 0.45% expense ratio, which is lower than FFFFX's 0.66% expense ratio.

Dividends

OIEJX vs. FFFFX - Dividend Comparison

OIEJX's dividend yield for the trailing twelve months is around 9.81%, more than FFFFX's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFFX Fidelity Freedom 2040 Fund	6.32%	5.07%	2.63%	1.72%	12.33%	12.09%	5.67%	6.69%	7.97%	4.37%	4.05%	4.81%
OIEJX JPMorgan Equity Income Fund R6	9.81%	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 OIEJX and FFFFX in my portfolio?

OIEJX and FFFFX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OIEJX or FFFFX?

FFFFX has higher volatility (5.03%) compared to OIEJX (3.30%). In terms of maximum drawdown, OIEJX dropped -36.88% vs FFFFX's -54.10%.

Which has better risk-adjusted returns?

OIEJX currently has the higher Sharpe Ratio (2.44 vs 2.34), 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.