OIEJX vs. PQIAX
OIEJX (JPMorgan Equity Income Fund R6) and PQIAX (Principal Equity Income Fund) are both mutual funds - OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan, while PQIAX is a Dividend fund managed by Principal. Over the past 10 years, OIEJX returned 12.75%/yr vs 12.56%/yr for PQIAX. Their 0.95 correlation means they have historically moved very closely together. OIEJX charges 0.45%/yr vs 0.86%/yr for PQIAX.
Performance
OIEJX vs. PQIAX - 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 PQIAX's 12.46% return. Both investments have delivered pretty close results over the past 10 years, with OIEJX having a 12.75% annualized return and PQIAX not far behind at 12.56%.
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%
PQIAX
- 1D
- -0.24%
- 1M
- 1.31%
- 6M
- 7.64%
- YTD
- 12.46%
- 1Y
- 23.08%
- 3Y*
- 19.17%
- 5Y*
- 11.42%
- 10Y*
- 12.56%
- ALL TIME*
- 6.32%
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. PQIAX - 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% |
PQIAX Principal Equity Income Fund | 12.46% | 15.29% | 26.56% | 10.77% | -10.82% | 21.88% | 6.12% | 28.44% | -5.44% | 20.53% |
Correlation
The correlation between OIEJX and PQIAX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012 | 0.95 |
The correlation between OIEJX and PQIAX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
OIEJX vs. PQIAX — Risk / Return Rank
OIEJX
PQIAX
OIEJX vs. PQIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund R6 (OIEJX) and Principal Equity Income Fund (PQIAX). 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 | PQIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 3.11 | +0.56 |
| Martin ratioReturn relative to average drawdown | 14.32 | 12.38 | +1.94 |
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Drawdowns
OIEJX vs. PQIAX - Drawdown Comparison
The maximum OIEJX drawdown since its inception was -36.88%, smaller than the maximum PQIAX drawdown of -54.68%. Use the drawdown chart below to compare losses from any high point for OIEJX and PQIAX.
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Drawdown Indicators
| OIEJX | PQIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -54.68% | +17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -7.07% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -15.47% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -14.74% | -21.22% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -36.88% | -37.67% | +0.79% |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -6.99% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.77% | +0.04% |
Volatility
OIEJX vs. PQIAX - Volatility Comparison
The current volatility for JPMorgan Equity Income Fund R6 (OIEJX) is 2.82%, while Principal Equity Income Fund (PQIAX) has a volatility of 3.04%. This indicates that OIEJX experiences smaller price fluctuations and is considered to be less risky than PQIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIEJX | PQIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.04% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 7.87% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 10.73% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 15.24% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 16.35% | +0.40% |
OIEJX vs. PQIAX - Expense Ratio Comparison
OIEJX has a 0.45% expense ratio, which is lower than PQIAX's 0.86% expense ratio.
Dividends
OIEJX vs. PQIAX - Dividend Comparison
OIEJX's dividend yield for the trailing twelve months is around 9.46%, more than PQIAX's 8.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PQIAX Principal Equity Income Fund | 8.92% | 9.92% | 20.62% | 2.58% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% |
Frequently Asked Questions
With a correlation of 0.91, OIEJX and PQIAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PQIAX has higher volatility (3.04%) compared to OIEJX (2.82%). In terms of maximum drawdown, OIEJX dropped -36.88% vs PQIAX's -54.68%.
OIEJX currently has the higher Sharpe Ratio (2.46 vs 2.05), 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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