USMTX vs. OIEJX
Compare and contrast key facts about JPMorgan Ultra-Short Municipal Fund (USMTX) and JPMorgan Equity Income Fund R6 (OIEJX).
USMTX is managed by JPMorgan. It was launched on May 30, 2016. OIEJX is managed by JPMorgan. It was launched on Jul 2, 1987.
Performance
USMTX vs. OIEJX - Performance Comparison
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USMTX vs. OIEJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USMTX JPMorgan Ultra-Short Municipal Fund | 0.32% | 2.96% | 3.30% | 3.46% | -0.71% | -0.05% | 1.07% | 2.01% | 1.32% | 0.88% |
OIEJX JPMorgan Equity Income Fund R6 | 1.64% | 14.95% | 19.97% | 5.05% | -1.63% | 25.41% | 3.87% | 26.61% | -4.23% | 17.07% |
Returns By Period
In the year-to-date period, USMTX achieves a 0.32% return, which is significantly lower than OIEJX's 1.64% return.
USMTX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.32%
- 6M
- 0.91%
- 1Y
- 2.68%
- 3Y*
- 3.01%
- 5Y*
- 1.85%
- 10Y*
- —
OIEJX
- 1D
- 1.91%
- 1M
- -4.62%
- YTD
- 1.64%
- 6M
- 4.35%
- 1Y
- 13.78%
- 3Y*
- 14.62%
- 5Y*
- 10.50%
- 10Y*
- 11.66%
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USMTX vs. OIEJX - Expense Ratio Comparison
USMTX has a 0.24% expense ratio, which is lower than OIEJX's 0.45% expense ratio.
Return for Risk
USMTX vs. OIEJX — Risk / Return Rank
USMTX
OIEJX
USMTX vs. OIEJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Municipal Fund (USMTX) 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.
| USMTX | OIEJX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.86 | 0.90 | +2.96 |
Sortino ratioReturn per unit of downside risk | 6.92 | 1.31 | +5.61 |
Omega ratioGain probability vs. loss probability | 3.29 | 1.20 | +2.09 |
Calmar ratioReturn relative to maximum drawdown | 6.97 | 1.33 | +5.64 |
Martin ratioReturn relative to average drawdown | 36.30 | 5.68 | +30.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USMTX | OIEJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.86 | 0.90 | +2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.60 | 0.74 | +1.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.09 | 0.76 | +1.33 |
Correlation
The correlation between USMTX and OIEJX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
USMTX vs. OIEJX - Dividend Comparison
USMTX's dividend yield for the trailing twelve months is around 2.55%, less than OIEJX's 10.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMTX JPMorgan Ultra-Short Municipal Fund | 2.55% | 2.62% | 3.05% | 2.58% | 0.89% | 0.25% | 0.76% | 1.49% | 1.31% | 0.78% | 0.00% | 0.00% |
OIEJX JPMorgan Equity Income Fund R6 | 10.94% | 11.06% | 14.67% | 3.01% | 3.93% | 3.57% | 2.04% | 3.01% | 5.37% | 2.70% | 2.71% | 3.03% |
Drawdowns
USMTX vs. OIEJX - Drawdown Comparison
The maximum USMTX drawdown since its inception was -1.98%, smaller than the maximum OIEJX drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for USMTX and OIEJX.
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Drawdown Indicators
| USMTX | OIEJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.98% | -36.88% | +34.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -11.34% | +10.94% |
Max Drawdown (5Y)Largest decline over 5 years | -1.92% | -14.74% | +12.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.88% | — |
Current DrawdownCurrent decline from peak | -0.30% | -5.30% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -3.03% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.65% | -2.57% |
Volatility
USMTX vs. OIEJX - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Municipal Fund (USMTX) is 0.22%, while JPMorgan Equity Income Fund R6 (OIEJX) has a volatility of 4.07%. This indicates that USMTX 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.
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Volatility by Period
| USMTX | OIEJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 4.07% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 0.40% | 7.87% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.70% | 15.26% | -14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.72% | 14.30% | -13.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.75% | 16.77% | -16.02% |