PQIAX vs. OIEJX
Compare and contrast key facts about Principal Equity Income Fund (PQIAX) and JPMorgan Equity Income Fund R6 (OIEJX).
PQIAX is managed by Principal. It was launched on May 31, 1939. OIEJX is managed by JPMorgan Chase. It was launched on Jul 2, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQIAX or OIEJX.
Key characteristics
| PQIAX | OIEJX | |
|---|---|---|
| YTD Return | 16.01% | 13.94% |
| 1Y Return | 26.81% | 21.75% |
| 3Y Return (Ann) | 7.78% | 8.74% |
| 5Y Return (Ann) | 9.56% | 10.42% |
| 10Y Return (Ann) | 9.59% | 10.04% |
| Sharpe Ratio | 2.14 | 1.89 |
| Daily Std Dev | 11.59% | 10.68% |
| Max Drawdown | -54.68% | -36.88% |
| Current Drawdown | -0.25% | -0.23% |
Correlation
The correlation between PQIAX and OIEJX 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.
Performance
PQIAX vs. OIEJX - Performance Comparison
In the year-to-date period, PQIAX achieves a 16.01% return, which is significantly higher than OIEJX's 13.94% return. Both investments have delivered pretty close results over the past 10 years, with PQIAX having a 9.59% annualized return and OIEJX not far ahead at 10.04%. 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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PQIAX vs. OIEJX - Expense Ratio Comparison
PQIAX has a 0.86% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Risk-Adjusted Performance
PQIAX vs. OIEJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and JPMorgan Equity Income Fund R6 (OIEJX). 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
PQIAX vs. OIEJX - Dividend Comparison
PQIAX's dividend yield for the trailing twelve months is around 1.77%, less than OIEJX's 2.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 1.77% | 2.59% | 5.37% | 5.05% | 1.52% | 4.30% | 7.41% | 6.28% | 3.73% | 2.11% | 1.75% | 2.00% |
OIEJX JPMorgan Equity Income Fund R6 | 2.67% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.38% | 2.70% | 2.71% | 2.26% | 4.11% | 3.72% |
Drawdowns
PQIAX vs. OIEJX - Drawdown Comparison
The maximum PQIAX drawdown since its inception was -54.68%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for PQIAX and OIEJX. For additional features, visit the drawdowns tool.
Volatility
PQIAX vs. OIEJX - Volatility Comparison
Principal Equity Income Fund (PQIAX) and JPMorgan Equity Income Fund R6 (OIEJX) have volatilities of 3.05% and 3.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.