OIEJX vs. VIVIX

Last updated Jun 23, 2026

OIEJX (JPMorgan Equity Income Fund R6) and VIVIX (Vanguard Value Index Fund Institutional Shares) are both Large Cap Value Equities funds. Over the past 10 years, OIEJX returned 12.62%/yr vs 12.67%/yr for VIVIX. With a 0.98 correlation, they move nearly in lockstep. OIEJX charges 0.45%/yr vs 0.04%/yr for VIVIX.

Performance

OIEJX vs. VIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund R6 (OIEJX) and Vanguard Value Index Fund Institutional Shares (VIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIEJX achieves a 12.33% return, which is significantly lower than VIVIX's 13.99% return. Both investments have delivered pretty close results over the past 10 years, with OIEJX having a 12.62% annualized return and VIVIX not far ahead at 12.67%.

OIEJX

• 1D: 0.25%
• 1M: 2.74%
• YTD: 12.33%
• 6M: 11.61%
• 1Y: 24.89%
• 3Y*: 17.93%
• 5Y*: 12.20%
• 10Y*: 12.62%

VIVIX

• 1D: 0.25%
• 1M: 2.70%
• YTD: 13.99%
• 6M: 13.51%
• 1Y: 27.58%
• 3Y*: 17.75%
• 5Y*: 12.66%
• 10Y*: 12.67%

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

OIEJX vs. VIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEJX JPMorgan Equity Income Fund R6	12.33%	14.95%	19.97%	5.05%	-1.63%	25.41%	3.87%	26.61%	-4.23%	17.85%
VIVIX Vanguard Value Index Fund Institutional Shares	13.99%	15.30%	15.99%	9.23%	-2.05%	26.50%	2.30%	25.83%	-5.44%	17.14%

Correlation

The correlation between OIEJX and VIVIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012	0.98

The correlation between OIEJX and VIVIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

OIEJX vs. VIVIX — Risk / Return Rank

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

OIEJX

OIEJX Risk / Return Rank: 77
OIEJX Sharpe Ratio Rank: 78
OIEJX Sortino Ratio Rank: 77
OIEJX Omega Ratio Rank: 72
OIEJX Calmar Ratio Rank: 82
OIEJX Martin Ratio Rank: 78

VIVIX

VIVIX Risk / Return Rank: 87
VIVIX Sharpe Ratio Rank: 89
VIVIX Sortino Ratio Rank: 86
VIVIX Omega Ratio Rank: 80
VIVIX Calmar Ratio Rank: 90
VIVIX Martin Ratio Rank: 90

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. VIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund R6 (OIEJX) and Vanguard Value Index Fund Institutional Shares (VIVIX). 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	VIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.71	-0.32
Sortino ratio: Return per unit of downside risk	3.37	3.84	-0.47
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.06
Calmar ratio: Return relative to maximum drawdown	3.55	4.39	-0.84
Martin ratio: Return relative to average drawdown	13.62	16.51	-2.89

OIEJX vs. VIVIX - Sharpe Ratio Comparison

The current OIEJX Sharpe Ratio is 2.38, which is comparable to the VIVIX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of OIEJX and VIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OIEJX vs. VIVIX - Drawdown Comparison

The maximum OIEJX drawdown since its inception was -36.88%, smaller than the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for OIEJX and VIVIX.

Drawdown Indicators

	OIEJX	VIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.88%	-59.30%	+22.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-6.36%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-14.40%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-14.74%	-17.12%	+2.38%
Max Drawdown (10Y) Largest decline over 10 years	-36.88%	-36.80%	-0.08%
Current Drawdown Current decline from peak	-0.72%	-0.75%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.00%	-9.25%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.69%	+0.15%

Volatility

OIEJX vs. VIVIX - Volatility Comparison

JPMorgan Equity Income Fund R6 (OIEJX) and Vanguard Value Index Fund Institutional Shares (VIVIX) have volatilities of 3.29% and 3.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIEJX	VIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.30%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	7.83%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	10.32%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	13.93%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	16.76%	+0.04%

OIEJX vs. VIVIX - Expense Ratio Comparison

OIEJX has a 0.45% expense ratio, which is higher than VIVIX's 0.04% expense ratio.

Dividends

OIEJX vs. VIVIX - Dividend Comparison

OIEJX's dividend yield for the trailing twelve months is around 9.87%, more than VIVIX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIEJX JPMorgan Equity Income Fund R6	9.87%	11.06%	14.67%	3.01%	3.93%	3.57%	2.04%	3.01%	5.37%	2.70%	2.71%	3.03%
VIVIX Vanguard Value Index Fund Institutional Shares	1.83%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%

Frequently Asked Questions

Can I hold both OIEJX and VIVIX in my portfolio?

With a correlation of 0.96, OIEJX and VIVIX 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.

Which is riskier, OIEJX or VIVIX?

VIVIX has higher volatility (3.30%) compared to OIEJX (3.29%). In terms of maximum drawdown, OIEJX dropped -36.88% vs VIVIX's -59.30%.

Which has better risk-adjusted returns?

VIVIX currently has the higher Sharpe Ratio (2.71 vs 2.38), 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.