OIEJX vs. JEPI
OIEJX (JPMorgan Equity Income Fund R6) and JEPI (JPMorgan Equity Premium Income ETF) are both funds - OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, OIEJX returned 11.96%/yr vs 7.40%/yr for JEPI. Their correlation of 0.85 means they have usually moved in the same direction. OIEJX charges 0.45%/yr vs 0.35%/yr for JEPI.
Performance
OIEJX vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, OIEJX achieves a 15.85% return, which is significantly higher than JEPI's 4.52% return.
OIEJX
- 1D
- 0.57%
- 1M
- 0.79%
- 6M
- 11.50%
- YTD
- 15.85%
- 1Y
- 26.09%
- 3Y*
- 17.53%
- 5Y*
- 11.96%
- 10Y*
- 12.57%
- ALL TIME*
- 12.57%
JEPI
- 1D
- 0.33%
- 1M
- 1.27%
- 6M
- 2.16%
- YTD
- 4.52%
- 1Y
- 11.16%
- 3Y*
- 9.21%
- 5Y*
- 7.40%
- 10Y*
- —
- ALL TIME*
- 11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $260.98M | $260.42M | $297.70M | |
| $0.00 | $0.00 | $0.00 |
OIEJX vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OIEJX JPMorgan Equity Income Fund R6 | 15.85% | 14.95% | 19.97% | 5.05% | -1.63% | 25.41% | 24.70% |
JEPI JPMorgan Equity Premium Income ETF | 4.52% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.39% |
Correlation
The correlation between OIEJX and JEPI is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.85 |
The correlation between OIEJX and JEPI has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
OIEJX vs. JEPI — Risk / Return Rank
OIEJX
JEPI
OIEJX vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund R6 (OIEJX) and JPMorgan Equity Premium Income ETF (JEPI). 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 | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 1.52 | +1.84 |
| Martin ratioReturn relative to average drawdown | 13.13 | 4.32 | +8.81 |
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Drawdowns
OIEJX vs. JEPI - Drawdown Comparison
The maximum OIEJX drawdown since its inception was -36.88%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for OIEJX and JEPI.
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Drawdown Indicators
| OIEJX | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -13.71% | -23.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -6.68% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -13.26% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.74% | -13.71% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -36.88% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.68% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.13% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.36% | -0.54% |
Volatility
OIEJX vs. JEPI - Volatility Comparison
JPMorgan Equity Income Fund R6 (OIEJX) has a higher volatility of 2.76% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.38%. This indicates that OIEJX's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIEJX | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 2.38% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 6.37% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.59% | 8.15% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 11.10% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 10.73% | +6.02% |
OIEJX vs. JEPI - Expense Ratio Comparison
OIEJX has a 0.45% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Dividends
OIEJX vs. JEPI - Dividend Comparison
OIEJX's dividend yield for the trailing twelve months is around 9.54%, more than JEPI's 7.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 7.34% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OIEJX JPMorgan Equity Income Fund R6 | 9.54% | 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 JEPI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIEJX has higher volatility (2.76%) compared to JEPI (2.38%). In terms of maximum drawdown, OIEJX dropped -36.88% vs JEPI's -13.71%.
OIEJX currently has the higher Sharpe Ratio (2.25 vs 1.25), 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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