OIEJX vs. FFFFX
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 12.75%/yr vs 11.60%/yr for FFFFX. Their correlation of 0.84 means they have usually moved in the same direction. OIEJX charges 0.45%/yr vs 0.66%/yr for FFFFX.
Performance
OIEJX vs. FFFFX - Performance Comparison
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Returns By Period
In the year-to-date period, OIEJX achieves a 16.82% return, which is significantly higher than FFFFX's 10.89% return. Over the past 10 years, OIEJX has outperformed FFFFX with an annualized return of 12.75%, while FFFFX has yielded a comparatively lower 11.60% annualized return.
OIEJX
- 1D
- 0.85%
- 1M
- 1.64%
- 6M
- 11.75%
- YTD
- 16.82%
- 1Y
- 27.15%
- 3Y*
- 17.96%
- 5Y*
- 12.15%
- 10Y*
- 12.75%
- ALL TIME*
- 12.64%
FFFFX
- 1D
- 0.42%
- 1M
- -0.76%
- 6M
- 6.74%
- YTD
- 10.89%
- 1Y
- 22.24%
- 3Y*
- 16.84%
- 5Y*
- 9.17%
- 10Y*
- 11.60%
- ALL TIME*
- 6.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OIEJX vs. FFFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIEJX JPMorgan Equity Income Fund R6 | 16.82% | 14.95% | 19.97% | 5.05% | -1.63% | 25.41% | 3.87% | 26.61% | -4.23% | 17.85% |
FFFFX Fidelity Freedom 2040 Fund | 10.89% | 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 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
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 0.65 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OIEJX vs. FFFFX — Risk / Return Rank
OIEJX
FFFFX
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 ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.43 | +1.24 |
| Martin ratioReturn relative to average drawdown | 14.32 | 10.03 | +4.29 |
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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.
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Drawdown Indicators
| OIEJX | FFFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | 0.00% | -1.92% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -11.08% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.11% | -0.30% |
Volatility
OIEJX vs. FFFFX - Volatility Comparison
The current volatility for JPMorgan Equity Income Fund R6 (OIEJX) is 2.82%, while Fidelity Freedom 2040 Fund (FFFFX) has a volatility of 3.78%. 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.
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Volatility by Period
| OIEJX | FFFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.78% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 10.96% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 12.79% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 14.54% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 15.05% | +1.70% |
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 9.46%, more than FFFFX's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 6.42% | 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 | 9.46% | 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
OIEJX and FFFFX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFFFX has higher volatility (3.78%) compared to OIEJX (2.82%). In terms of maximum drawdown, OIEJX dropped -36.88% vs FFFFX's -54.10%.
OIEJX currently has the higher Sharpe Ratio (2.46 vs 1.66), 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.
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