OIEJX vs. VOO
Compare and contrast key facts about JPMorgan Equity Income Fund R6 (OIEJX) and Vanguard S&P 500 ETF (VOO).
OIEJX is managed by JPMorgan Chase. It was launched on Jul 2, 1987. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIEJX or VOO.
Key characteristics
OIEJX | VOO | |
---|---|---|
YTD Return | 4.56% | 7.31% |
1Y Return | 11.97% | 25.21% |
3Y Return (Ann) | 5.95% | 8.45% |
5Y Return (Ann) | 9.34% | 13.50% |
10Y Return (Ann) | 9.64% | 12.57% |
Sharpe Ratio | 1.27 | 2.36 |
Daily Std Dev | 10.48% | 11.75% |
Max Drawdown | -36.88% | -33.99% |
Current Drawdown | -2.65% | -2.94% |
Correlation
The correlation between OIEJX and VOO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OIEJX vs. VOO - Performance Comparison
In the year-to-date period, OIEJX achieves a 4.56% return, which is significantly lower than VOO's 7.31% return. Over the past 10 years, OIEJX has underperformed VOO with an annualized return of 9.64%, while VOO has yielded a comparatively higher 12.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OIEJX vs. VOO - Expense Ratio Comparison
OIEJX has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
OIEJX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund R6 (OIEJX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
OIEJX vs. VOO - Dividend Comparison
OIEJX's dividend yield for the trailing twelve months is around 2.74%, more than VOO's 1.37% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan Equity Income Fund R6 | 2.74% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.38% | 2.70% | 2.71% | 2.26% | 4.11% | 3.72% |
Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
OIEJX vs. VOO - Drawdown Comparison
The maximum OIEJX drawdown since its inception was -36.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OIEJX and VOO. For additional features, visit the drawdowns tool.
Volatility
OIEJX vs. VOO - Volatility Comparison
The current volatility for JPMorgan Equity Income Fund R6 (OIEJX) is 2.86%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.60%. This indicates that OIEJX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.