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OIEJX vs. FFFFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.85%
5.08%
OIEJX
FFFFX

Returns By Period

In the year-to-date period, OIEJX achieves a 18.08% return, which is significantly higher than FFFFX's 14.30% return. Over the past 10 years, OIEJX has outperformed FFFFX with an annualized return of 8.68%, while FFFFX has yielded a comparatively lower 4.29% annualized return.


OIEJX

YTD

18.08%

1M

0.18%

6M

9.85%

1Y

24.28%

5Y (annualized)

9.46%

10Y (annualized)

8.68%

FFFFX

YTD

14.30%

1M

-1.64%

6M

5.08%

1Y

20.99%

5Y (annualized)

4.51%

10Y (annualized)

4.29%

Key characteristics


OIEJXFFFFX
Sharpe Ratio2.402.03
Sortino Ratio3.402.86
Omega Ratio1.441.36
Calmar Ratio4.011.00
Martin Ratio15.4612.71
Ulcer Index1.59%1.71%
Daily Std Dev10.22%10.71%
Max Drawdown-36.88%-53.24%
Current Drawdown-1.48%-4.94%

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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.


FFFFX
Fidelity Freedom 2040 Fund
Expense ratio chart for FFFFX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for OIEJX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%

Correlation

-0.50.00.51.00.8

The correlation between OIEJX and FFFFX is 0.84, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for OIEJX, currently valued at 2.40, compared to the broader market0.002.004.002.402.03
The chart of Sortino ratio for OIEJX, currently valued at 3.40, compared to the broader market0.005.0010.003.402.86
The chart of Omega ratio for OIEJX, currently valued at 1.44, compared to the broader market1.002.003.004.001.441.36
The chart of Calmar ratio for OIEJX, currently valued at 4.01, compared to the broader market0.005.0010.0015.0020.0025.004.011.00
The chart of Martin ratio for OIEJX, currently valued at 15.46, compared to the broader market0.0020.0040.0060.0080.00100.0015.4612.71
OIEJX
FFFFX

The current OIEJX Sharpe Ratio is 2.40, which is comparable to the FFFFX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of OIEJX and FFFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.40
2.03
OIEJX
FFFFX

Dividends

OIEJX vs. FFFFX - Dividend Comparison

OIEJX's dividend yield for the trailing twelve months is around 1.99%, more than FFFFX's 1.15% yield.


TTM20232022202120202019201820172016201520142013
OIEJX
JPMorgan Equity Income Fund R6
1.99%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
1.15%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.48%
-4.94%
OIEJX
FFFFX

Volatility

OIEJX vs. FFFFX - Volatility Comparison

JPMorgan Equity Income Fund R6 (OIEJX) has a higher volatility of 3.74% 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.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.74%
2.95%
OIEJX
FFFFX