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.
Key characteristics
| TRRDX | OIEJX | |
|---|---|---|
| YTD Return | 13.07% | 13.10% |
| 1Y Return | 21.36% | 18.95% |
| 3Y Return (Ann) | 3.92% | 7.91% |
| 5Y Return (Ann) | 9.97% | 10.27% |
| 10Y Return (Ann) | 8.78% | 9.81% |
| Sharpe Ratio | 1.94 | 1.74 |
| Daily Std Dev | 10.85% | 10.65% |
| Max Drawdown | -53.50% | -36.88% |
| Current Drawdown | -0.64% | -0.43% |
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.
Performance
TRRDX vs. OIEJX - Performance Comparison
The year-to-date returns for both investments are quite close, with TRRDX having a 13.07% return and OIEJX slightly higher at 13.10%. Over the past 10 years, TRRDX has underperformed OIEJX with an annualized return of 8.78%, while OIEJX has yielded a comparatively higher 9.81% annualized return. 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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TRRDX vs. OIEJX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than OIEJX's 0.45% expense ratio.
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 4.95%, more than OIEJX's 2.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 4.95% | 5.60% | 8.92% | 7.92% | 4.96% | 6.10% | 9.51% | 3.96% | 4.74% | 6.02% | 5.27% | 2.65% |
OIEJX JPMorgan Equity Income Fund R6 | 2.69% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.38% | 2.70% | 2.71% | 2.26% | 4.11% | 3.72% |
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
T. Rowe Price Retirement 2040 Fund (TRRDX) has a higher volatility of 3.31% compared to JPMorgan Equity Income Fund R6 (OIEJX) at 2.92%. This indicates that TRRDX'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.