TRRDX vs. OIEJX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and JPMorgan Equity Income Fund R6 (OIEJX).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. 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: TRRDX or OIEJX.
Performance
TRRDX vs. OIEJX - Performance Comparison
Returns By Period
In the year-to-date period, TRRDX achieves a 16.14% return, which is significantly lower than OIEJX's 20.78% return. Both investments have delivered pretty close results over the past 10 years, with TRRDX having a 8.95% annualized return and OIEJX not far behind at 8.90%.
TRRDX
16.14%
1.55%
7.07%
22.68%
9.98%
8.95%
OIEJX
20.78%
3.40%
13.99%
26.66%
9.88%
8.90%
Key characteristics
| TRRDX | OIEJX | |
|---|---|---|
| Sharpe Ratio | 2.22 | 2.59 |
| Sortino Ratio | 3.06 | 3.66 |
| Omega Ratio | 1.40 | 1.47 |
| Calmar Ratio | 2.23 | 4.59 |
| Martin Ratio | 14.31 | 16.80 |
| Ulcer Index | 1.59% | 1.59% |
| Daily Std Dev | 10.22% | 10.30% |
| Max Drawdown | -53.50% | -36.88% |
| Current Drawdown | -0.68% | 0.00% |
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TRRDX vs. OIEJX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
Correlation
The correlation between TRRDX and OIEJX is 0.87, 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.
Risk-Adjusted Performance
TRRDX vs. OIEJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) 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
TRRDX vs. OIEJX - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 1.29%, less than OIEJX's 1.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.29% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
OIEJX JPMorgan Equity Income Fund R6 | 1.95% | 2.30% | 2.21% | 1.75% | 2.05% | 2.01% | 2.46% | 1.83% | 2.11% | 2.26% | 2.16% | 2.06% |
Drawdowns
TRRDX vs. OIEJX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for TRRDX and OIEJX. For additional features, visit the drawdowns tool.
Volatility
TRRDX vs. OIEJX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2040 Fund (TRRDX) is 2.73%, while JPMorgan Equity Income Fund R6 (OIEJX) has a volatility of 3.95%. This indicates that TRRDX experiences smaller price fluctuations and is considered to be less risky than OIEJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.