ONGIX vs. IWR
ONGIX (JPMorgan Investor Growth and Income Fund Class A) and IWR (iShares Russell Midcap ETF) are both funds - ONGIX is a Diversified Portfolio fund actively managed by JPMorgan, while IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index. ONGIX is actively managed, while IWR is passively managed. Over the past 10 years, ONGIX returned 9.66%/yr vs 11.79%/yr for IWR. Their correlation of 0.93 suggests significant overlap in exposure. ONGIX charges 0.95%/yr vs 0.19%/yr for IWR.
Performance
ONGIX vs. IWR - 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 IWR's 13.23% return. Over the past 10 years, ONGIX has underperformed IWR with an annualized return of 9.66%, while IWR has yielded a comparatively higher 11.79% annualized return.
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%
IWR
- 1D
- 0.93%
- 1M
- 4.85%
- YTD
- 13.23%
- 6M
- 11.96%
- 1Y
- 23.37%
- 3Y*
- 16.40%
- 5Y*
- 7.99%
- 10Y*
- 11.79%
ONGIX vs. IWR - 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% |
IWR iShares Russell Midcap ETF | 13.23% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between ONGIX and IWR is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.93 |
The correlation between ONGIX and IWR has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
ONGIX vs. IWR — Risk / Return Rank
ONGIX
IWR
ONGIX vs. IWR - 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 Russell Midcap ETF (IWR). 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 | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.68 | -0.47 |
| Martin ratioReturn relative to average drawdown | 9.37 | 10.26 | -0.89 |
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Drawdowns
ONGIX vs. IWR - Drawdown Comparison
The maximum ONGIX drawdown since its inception was -41.01%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for ONGIX and IWR.
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Drawdown Indicators
| ONGIX | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -58.78% | +17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -8.17% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -21.09% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -26.18% | +5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -25.83% | -40.59% | +14.76% |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -7.80% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.13% | -0.52% |
Volatility
ONGIX vs. IWR - Volatility Comparison
The current volatility for JPMorgan Investor Growth and Income Fund Class A (ONGIX) is 3.64%, while iShares Russell Midcap ETF (IWR) has a volatility of 4.49%. This indicates that ONGIX experiences smaller price fluctuations and is considered to be less risky than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONGIX | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 4.49% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 10.34% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.08% | 13.79% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 18.28% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.87% | 19.38% | -7.51% |
ONGIX vs. IWR - Expense Ratio Comparison
ONGIX has a 0.95% expense ratio, which is higher than IWR's 0.19% expense ratio.
Dividends
ONGIX vs. IWR - Dividend Comparison
ONGIX's dividend yield for the trailing twelve months is around 4.37%, more than IWR's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.14% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
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 IWR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWR has higher volatility (4.49%) compared to ONGIX (3.64%). In terms of maximum drawdown, ONGIX dropped -41.01% vs IWR's -58.78%.
ONGIX currently has the higher Sharpe Ratio (1.67 vs 1.59), 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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