OIEJX vs. FPUKX

Last updated Jun 5, 2026

OIEJX (JPMorgan Equity Income Fund R6) and FPUKX (Fidelity Puritan Fund Class K) are both mutual funds - OIEJX is a Large Cap Value Equities fund managed by JPMorgan, while FPUKX is a Diversified Portfolio fund managed by Fidelity. Over the past 10 years, OIEJX returned 12.32%/yr vs 11.63%/yr for FPUKX. Their correlation of 0.81 suggests significant overlap in exposure. OIEJX charges 0.45%/yr vs 0.43%/yr for FPUKX.

Performance

OIEJX vs. FPUKX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with OIEJX having a 10.14% return and FPUKX slightly higher at 10.29%. Over the past 10 years, OIEJX has outperformed FPUKX with an annualized return of 12.32%, while FPUKX has yielded a comparatively lower 11.63% annualized return.

OIEJX

• 1D: -0.26%
• 1M: 2.40%
• YTD: 10.14%
• 6M: 10.79%
• 1Y: 23.25%
• 3Y*: 18.16%
• 5Y*: 10.80%
• 10Y*: 12.32%

FPUKX

• 1D: 0.11%
• 1M: 3.55%
• YTD: 10.29%
• 6M: 10.72%
• 1Y: 23.25%
• 3Y*: 17.37%
• 5Y*: 9.55%
• 10Y*: 11.63%

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

OIEJX vs. FPUKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEJX JPMorgan Equity Income Fund R6	10.14%	14.95%	19.97%	5.05%	-1.63%	25.41%	3.87%	26.61%	-4.23%	17.85%
FPUKX Fidelity Puritan Fund Class K	10.29%	12.31%	19.03%	20.26%	-17.26%	18.99%	20.70%	21.40%	-4.15%	18.37%

Correlation

The correlation between OIEJX and FPUKX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012	0.81

Over the past year, the correlation between OIEJX and FPUKX has dropped to 0.61 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

OIEJX vs. FPUKX — Risk / Return Rank

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

OIEJX

OIEJX Risk / Return Rank: 60
OIEJX Sharpe Ratio Rank: 56
OIEJX Sortino Ratio Rank: 56
OIEJX Omega Ratio Rank: 53
OIEJX Calmar Ratio Rank: 70
OIEJX Martin Ratio Rank: 63

FPUKX

FPUKX Risk / Return Rank: 71
FPUKX Sharpe Ratio Rank: 70
FPUKX Sortino Ratio Rank: 66
FPUKX Omega Ratio Rank: 68
FPUKX Calmar Ratio Rank: 74
FPUKX Martin Ratio Rank: 80

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. FPUKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund R6 (OIEJX) and Fidelity Puritan Fund Class K (FPUKX). 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.

	OIEJX	FPUKX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.44	-0.21
Sortino ratio: Return per unit of downside risk	3.16	3.37	-0.21
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	3.23	3.29	-0.06
Martin ratio: Return relative to average drawdown	12.42	14.69	-2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OIEJX vs. FPUKX - Sharpe Ratio Comparison

The current OIEJX Sharpe Ratio is 2.22, which is comparable to the FPUKX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of OIEJX and FPUKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OIEJX	FPUKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.44	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.72	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.89	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.71	+0.09

Drawdowns

OIEJX vs. FPUKX - Drawdown Comparison

The maximum OIEJX drawdown since its inception was -36.88%, roughly equal to the maximum FPUKX drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for OIEJX and FPUKX.

Drawdown Indicators

	OIEJX	FPUKX	Difference
Max Drawdown Largest peak-to-trough decline	-36.88%	-37.81%	+0.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-7.24%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-16.46%	+2.30%
Max Drawdown (5Y) Largest decline over 5 years	-14.74%	-22.52%	+7.78%
Max Drawdown (10Y) Largest decline over 10 years	-36.88%	-23.91%	-12.97%
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.01%	-4.94%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.62%	+0.22%

Volatility

OIEJX vs. FPUKX - Volatility Comparison

The current volatility for JPMorgan Equity Income Fund R6 (OIEJX) is 2.46%, while Fidelity Puritan Fund Class K (FPUKX) has a volatility of 3.17%. This indicates that OIEJX experiences smaller price fluctuations and is considered to be less risky than FPUKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEJX	FPUKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	3.17%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	7.81%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	9.79%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	13.30%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	13.10%	+3.68%

OIEJX vs. FPUKX - Expense Ratio Comparison

OIEJX has a 0.45% expense ratio, which is higher than FPUKX's 0.43% expense ratio.

Dividends

OIEJX vs. FPUKX - Dividend Comparison

OIEJX's dividend yield for the trailing twelve months is around 10.06%, more than FPUKX's 6.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPUKX Fidelity Puritan Fund Class K	6.25%	6.91%	11.37%	5.42%	9.47%	13.20%	5.17%	4.38%	15.38%	3.84%	3.82%	7.60%
OIEJX JPMorgan Equity Income Fund R6	10.06%	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 FPUKX in my portfolio?

OIEJX and FPUKX have a correlation of 0.61, 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 FPUKX?

FPUKX has higher volatility (3.17%) compared to OIEJX (2.46%). In terms of maximum drawdown, OIEJX dropped -36.88% vs FPUKX's -37.81%.

Which has better risk-adjusted returns?

FPUKX currently has the higher Sharpe Ratio (2.44 vs 2.22), 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.