ONGIX vs. IEFA
ONGIX (JPMorgan Investor Growth and Income Fund Class A) and IEFA (iShares Core MSCI EAFE ETF) are both funds - ONGIX is a Diversified Portfolio fund actively managed by JPMorgan, while IEFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE IMI Index (Net). ONGIX is actively managed, while IEFA is passively managed. Over the past 10 years, ONGIX returned 9.66%/yr vs 9.90%/yr for IEFA. Their correlation of 0.86 suggests significant overlap in exposure. ONGIX charges 0.95%/yr vs 0.07%/yr for IEFA.
Performance
ONGIX vs. IEFA - Performance Comparison
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Returns By Period
In the year-to-date period, ONGIX achieves a 5.32% return, which is significantly lower than IEFA's 9.51% return. Both investments have delivered pretty close results over the past 10 years, with ONGIX having a 9.66% annualized return and IEFA not far ahead at 9.90%.
ONGIX
- 1D
- 1.65%
- 1M
- 1.14%
- YTD
- 5.32%
- 6M
- 5.58%
- 1Y
- 15.72%
- 3Y*
- 13.26%
- 5Y*
- 6.91%
- 10Y*
- 9.66%
IEFA
- 1D
- 0.18%
- 1M
- 2.90%
- YTD
- 9.51%
- 6M
- 11.08%
- 1Y
- 22.43%
- 3Y*
- 16.31%
- 5Y*
- 8.10%
- 10Y*
- 9.90%
ONGIX vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONGIX JPMorgan Investor Growth and Income Fund Class A | 5.32% | 13.92% | 11.36% | 17.26% | -14.81% | 14.68% | 16.97% | 20.64% | -6.57% | 16.70% |
IEFA iShares Core MSCI EAFE ETF | 9.51% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Correlation
The correlation between ONGIX and IEFA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.86 |
The correlation between ONGIX and IEFA has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
ONGIX vs. IEFA — Risk / Return Rank
ONGIX
IEFA
ONGIX vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Growth and Income Fund Class A (ONGIX) and iShares Core MSCI EAFE ETF (IEFA). 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.
| ONGIX | IEFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.83 | +0.39 |
| Martin ratioReturn relative to average drawdown | 9.37 | 6.93 | +2.44 |
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Drawdowns
ONGIX vs. IEFA - Drawdown Comparison
The maximum ONGIX drawdown since its inception was -41.01%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for ONGIX and IEFA.
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Drawdown Indicators
| ONGIX | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -34.78% | -6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -11.50% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -13.76% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -30.41% | +9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -25.83% | -34.78% | +8.95% |
Current DrawdownCurrent decline from peak | -1.29% | -0.60% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -6.68% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.03% | -1.42% |
Volatility
ONGIX vs. IEFA - Volatility Comparison
The current volatility for JPMorgan Investor Growth and Income Fund Class A (ONGIX) is 3.64%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 5.50%. This indicates that ONGIX experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONGIX | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 5.50% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 13.11% | -5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.08% | 15.54% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 16.61% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.87% | 17.31% | -5.44% |
ONGIX vs. IEFA - Expense Ratio Comparison
ONGIX has a 0.95% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Dividends
ONGIX vs. IEFA - Dividend Comparison
ONGIX's dividend yield for the trailing twelve months is around 4.37%, more than IEFA's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 3.24% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
ONGIX JPMorgan Investor Growth and Income Fund Class A | 4.37% | 4.56% | 4.25% | 3.17% | 7.44% | 4.74% | 7.10% | 7.23% | 8.43% | 8.34% | 4.42% | 5.45% |
Frequently Asked Questions
ONGIX and IEFA 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.
IEFA has higher volatility (5.50%) compared to ONGIX (3.64%). In terms of maximum drawdown, ONGIX dropped -41.01% vs IEFA's -34.78%.
ONGIX currently has the higher Sharpe Ratio (1.67 vs 1.35), 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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