SMTSX vs. OIEJX
SMTSX (JPMorgan SmartRetirement 2040 Fund) and OIEJX (JPMorgan Equity Income Fund R6) are both mutual funds - SMTSX is a Target Retirement Date fund managed by JPMorgan, while OIEJX is a Large Cap Value Equities fund actively managed by JPMorgan. Over the past 10 years, SMTSX returned 9.77%/yr vs 12.57%/yr for OIEJX. Their correlation of 0.87 means they have usually moved in the same direction. SMTSX charges 0.25%/yr vs 0.45%/yr for OIEJX.
Performance
SMTSX vs. OIEJX - Performance Comparison
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Returns By Period
In the year-to-date period, SMTSX achieves a 7.43% return, which is significantly lower than OIEJX's 15.85% return. Over the past 10 years, SMTSX has underperformed OIEJX with an annualized return of 9.77%, while OIEJX has yielded a comparatively higher 12.57% annualized return.
SMTSX
- 1D
- 1.60%
- 1M
- -0.59%
- 6M
- 5.03%
- YTD
- 7.43%
- 1Y
- 15.89%
- 3Y*
- 13.60%
- 5Y*
- 7.45%
- 10Y*
- 9.77%
- ALL TIME*
- 7.57%
OIEJX
- 1D
- 0.57%
- 1M
- 0.79%
- 6M
- 11.50%
- YTD
- 15.85%
- 1Y
- 26.09%
- 3Y*
- 17.53%
- 5Y*
- 11.96%
- 10Y*
- 12.57%
- ALL TIME*
- 12.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SMTSX vs. OIEJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMTSX JPMorgan SmartRetirement 2040 Fund | 7.43% | 16.50% | 10.60% | 21.23% | -17.97% | 15.76% | 14.94% | 24.06% | -9.63% | 21.76% |
OIEJX JPMorgan Equity Income Fund R6 | 15.85% | 14.95% | 19.97% | 5.05% | -1.63% | 25.41% | 3.87% | 26.61% | -4.23% | 17.85% |
Correlation
The correlation between SMTSX and OIEJX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2012 | 0.87 |
The correlation between SMTSX and OIEJX shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMTSX vs. OIEJX — Risk / Return Rank
SMTSX
OIEJX
SMTSX vs. OIEJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2040 Fund (SMTSX) 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.
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.
| SMTSX | OIEJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.36 | -1.56 |
| Martin ratioReturn relative to average drawdown | 7.57 | 13.13 | -5.56 |
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Drawdowns
SMTSX vs. OIEJX - Drawdown Comparison
The maximum SMTSX drawdown since its inception was -51.41%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for SMTSX and OIEJX.
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Drawdown Indicators
| SMTSX | OIEJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.41% | -36.88% | -14.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -7.08% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.23% | -14.16% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.82% | -14.74% | -10.08% |
Max Drawdown (10Y)Largest decline over 10 years | -31.43% | -36.88% | +5.45% |
Current DrawdownCurrent decline from peak | -1.39% | -0.80% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -2.98% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.82% | +0.09% |
Volatility
SMTSX vs. OIEJX - Volatility Comparison
JPMorgan SmartRetirement 2040 Fund (SMTSX) has a higher volatility of 3.20% compared to JPMorgan Equity Income Fund R6 (OIEJX) at 2.76%. This indicates that SMTSX's price experiences larger fluctuations and is considered to be riskier than OIEJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMTSX | OIEJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.76% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 7.93% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 10.59% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.45% | 14.24% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 16.75% | -2.35% |
SMTSX vs. OIEJX - Expense Ratio Comparison
SMTSX has a 0.25% expense ratio, which is lower than OIEJX's 0.45% expense ratio.
Dividends
SMTSX vs. OIEJX - Dividend Comparison
SMTSX's dividend yield for the trailing twelve months is around 5.38%, less than OIEJX's 9.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIEJX JPMorgan Equity Income Fund R6 | 9.54% | 11.06% | 14.67% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.37% | 2.70% | 2.71% | 3.03% |
SMTSX JPMorgan SmartRetirement 2040 Fund | 5.38% | 5.78% | 4.87% | 1.87% | 10.16% | 17.65% | 4.83% | 11.47% | 6.11% | 4.10% | 2.89% | 3.20% |
Frequently Asked Questions
SMTSX and OIEJX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMTSX has higher volatility (3.20%) compared to OIEJX (2.76%). In terms of maximum drawdown, SMTSX dropped -51.41% vs OIEJX's -36.88%.
OIEJX currently has the higher Sharpe Ratio (2.25 vs 1.32), 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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