Correlation
The correlation between ONIFX and SPY is 0.96, 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.
ONIFX vs. SPY
Compare and contrast key facts about JPMorgan Investor Growth Fund (ONIFX) and SPDR S&P 500 ETF (SPY).
ONIFX is managed by JPMorgan Chase. It was launched on Dec 9, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONIFX or SPY.
Performance
ONIFX vs. SPY - Performance Comparison
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Key characteristics
ONIFX:
0.67
SPY:
0.67
ONIFX:
0.94
SPY:
1.03
ONIFX:
1.13
SPY:
1.15
ONIFX:
0.63
SPY:
0.69
ONIFX:
2.59
SPY:
2.61
ONIFX:
3.60%
SPY:
4.92%
ONIFX:
15.70%
SPY:
20.44%
ONIFX:
-49.03%
SPY:
-55.19%
ONIFX:
-1.21%
SPY:
-3.44%
Returns By Period
In the year-to-date period, ONIFX achieves a 3.52% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, ONIFX has underperformed SPY with an annualized return of 9.32%, while SPY has yielded a comparatively higher 12.73% annualized return.
ONIFX
3.52%
5.10%
0.43%
10.44%
10.40%
12.53%
9.32%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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ONIFX vs. SPY - Expense Ratio Comparison
ONIFX has a 0.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ONIFX vs. SPY — Risk-Adjusted Performance Rank
ONIFX
SPY
ONIFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Growth Fund (ONIFX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
ONIFX vs. SPY - Dividend Comparison
ONIFX's dividend yield for the trailing twelve months is around 3.20%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONIFX JPMorgan Investor Growth Fund | 3.20% | 3.30% | 3.40% | 8.33% | 4.52% | 7.03% | 8.06% | 8.47% | 8.78% | 5.75% | 6.72% | 3.78% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ONIFX vs. SPY - Drawdown Comparison
The maximum ONIFX drawdown since its inception was -49.03%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ONIFX and SPY.
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Volatility
ONIFX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Investor Growth Fund (ONIFX) is 3.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that ONIFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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