ONGFX vs. OLGAX

Last updated Aug 1, 2026

ONGFX (JPMorgan Investor Growth & Income Fund) and OLGAX (JPMorgan Large Cap Growth Fund Class A) are both mutual funds - ONGFX is a Diversified Portfolio fund managed by JPMorgan, while OLGAX is a Large Cap Growth Equities fund actively managed by JPMorgan. Over the past 10 years, ONGFX returned 9.51%/yr vs 18.09%/yr for OLGAX. Their correlation of 0.90 means they have usually moved in the same direction. ONGFX charges 0.32%/yr vs 0.94%/yr for OLGAX.

Performance

ONGFX vs. OLGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Investor Growth & Income Fund (ONGFX) and JPMorgan Large Cap Growth Fund Class A (OLGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONGFX achieves a 5.50% return, which is significantly higher than OLGAX's -2.05% return. Over the past 10 years, ONGFX has underperformed OLGAX with an annualized return of 9.51%, while OLGAX has yielded a comparatively higher 18.09% annualized return.

ONGFX

• 1D: 1.37%
• 1M: -0.88%
• 6M: 3.68%
• YTD: 5.50%
• 1Y: 12.96%
• 3Y*: 12.17%
• 5Y*: 6.92%
• 10Y*: 9.51%
• ALL TIME*: 7.65%

OLGAX

• 1D: 3.90%
• 1M: -4.46%
• 6M: -0.81%
• YTD: -2.05%
• 1Y: 4.32%
• 3Y*: 16.57%
• 5Y*: 9.56%
• 10Y*: 18.09%
• ALL TIME*: 10.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OLGAX JPMorgan Large Cap Growth Fund Class A	$0.00	$0.00	$0.00
ONGFX JPMorgan Investor Growth & Income Fund	$0.00	$0.00	$0.00

ONGFX vs. OLGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONGFX JPMorgan Investor Growth & Income Fund	5.50%	14.18%	11.55%	17.62%	-14.61%	14.26%	17.29%	20.89%	-6.32%	16.93%
OLGAX JPMorgan Large Cap Growth Fund Class A	-2.05%	13.79%	34.85%	34.28%	-25.58%	17.87%	55.60%	38.81%	0.23%	37.75%

Correlation

The correlation between ONGFX and OLGAX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 10, 1996	0.90

The correlation between ONGFX and OLGAX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

ONGFX vs. OLGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ONGFX

ONGFX Risk / Return Rank: 48
ONGFX Sharpe Ratio Rank: 46
ONGFX Sortino Ratio Rank: 46
ONGFX Omega Ratio Rank: 45
ONGFX Calmar Ratio Rank: 46
ONGFX Martin Ratio Rank: 55

OLGAX

OLGAX Risk / Return Rank: 7
OLGAX Sharpe Ratio Rank: 7
OLGAX Sortino Ratio Rank: 7
OLGAX Omega Ratio Rank: 7
OLGAX Calmar Ratio Rank: 7
OLGAX Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ONGFX vs. OLGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Growth & Income Fund (ONGFX) and JPMorgan Large Cap Growth Fund Class A (OLGAX). 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.

	ONGFX	OLGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	0.15	+1.11
Sortino ratio: Return per unit of downside risk	1.83	0.34	+1.49
Omega ratio: Gain probability vs. loss probability	1.23	1.04	+0.19
Calmar ratio: Return relative to maximum drawdown	1.74	0.17	+1.57
Martin ratio: Return relative to average drawdown	7.20	0.45	+6.75

ONGFX vs. OLGAX - Sharpe Ratio Comparison

The current ONGFX Sharpe Ratio is 1.26, which is higher than the OLGAX Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of ONGFX and OLGAX, 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

ONGFX vs. OLGAX - Drawdown Comparison

The maximum ONGFX drawdown since its inception was -40.83%, smaller than the maximum OLGAX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for ONGFX and OLGAX.

Drawdown Indicators

	ONGFX	OLGAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.83%	-63.25%	+22.42%
Max Drawdown (1Y) Largest decline over 1 year	-6.84%	-16.92%	+10.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.34%	-21.55%	+10.21%
Max Drawdown (5Y) Largest decline over 5 years	-20.41%	-31.34%	+10.93%
Max Drawdown (10Y) Largest decline over 10 years	-25.79%	-31.87%	+6.08%
Current Drawdown Current decline from peak	-1.56%	-9.09%	+7.53%
Average Drawdown Average peak-to-trough decline	-5.39%	-18.63%	+13.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	6.30%	-4.65%

Volatility

ONGFX vs. OLGAX - Volatility Comparison

The current volatility for JPMorgan Investor Growth & Income Fund (ONGFX) is 2.81%, while JPMorgan Large Cap Growth Fund Class A (OLGAX) has a volatility of 8.32%. This indicates that ONGFX experiences smaller price fluctuations and is considered to be less risky than OLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONGFX	OLGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	8.32%	-5.51%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	15.27%	-7.50%
Volatility (1Y) Calculated over the trailing 1-year period	9.43%	18.99%	-9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.23%	20.74%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	21.80%	-9.96%

ONGFX vs. OLGAX - Expense Ratio Comparison

ONGFX has a 0.32% expense ratio, which is lower than OLGAX's 0.94% expense ratio.

Dividends

ONGFX vs. OLGAX - Dividend Comparison

ONGFX's dividend yield for the trailing twelve months is around 4.72%, less than OLGAX's 12.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OLGAX JPMorgan Large Cap Growth Fund Class A	12.06%	11.82%	2.06%	0.00%	3.20%	15.30%	5.32%	13.03%	16.18%	14.92%	9.94%	4.51%
ONGFX JPMorgan Investor Growth & Income Fund	4.72%	4.92%	4.59%	3.46%	7.87%	4.45%	7.47%	7.62%	8.88%	8.74%	4.74%	5.82%

Frequently Asked Questions

Can I hold both ONGFX and OLGAX in my portfolio?

ONGFX and OLGAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONGFX or OLGAX?

OLGAX has higher volatility (8.32%) compared to ONGFX (2.81%). In terms of maximum drawdown, ONGFX dropped -40.83% vs OLGAX's -63.25%.

Which has better risk-adjusted returns?

ONGFX currently has the higher Sharpe Ratio (1.26 vs 0.15), 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.