VIIIX vs. OIEJX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and JPMorgan Equity Income Fund R6 (OIEJX).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997. 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: VIIIX or OIEJX.
Performance
VIIIX vs. OIEJX - Performance Comparison
Returns By Period
In the year-to-date period, VIIIX achieves a 24.19% return, which is significantly higher than OIEJX's 18.17% return. Over the past 10 years, VIIIX has outperformed OIEJX with an annualized return of 11.99%, while OIEJX has yielded a comparatively lower 8.75% annualized return.
VIIIX
24.19%
0.58%
11.40%
30.12%
13.16%
11.99%
OIEJX
18.17%
0.40%
9.49%
25.11%
9.34%
8.75%
Key characteristics
| VIIIX | OIEJX | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.45 |
| Sortino Ratio | 3.31 | 3.47 |
| Omega Ratio | 1.45 | 1.45 |
| Calmar Ratio | 3.59 | 3.74 |
| Martin Ratio | 15.90 | 15.77 |
| Ulcer Index | 1.91% | 1.58% |
| Daily Std Dev | 12.31% | 10.20% |
| Max Drawdown | -55.18% | -36.88% |
| Current Drawdown | -2.14% | -1.40% |
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VIIIX vs. OIEJX - Expense Ratio Comparison
VIIIX has a 0.02% expense ratio, which is lower than OIEJX's 0.45% expense ratio.
Correlation
The correlation between VIIIX and OIEJX is 0.90, 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
VIIIX vs. OIEJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) 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
VIIIX vs. OIEJX - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 1.28%, less than OIEJX's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.28% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
OIEJX JPMorgan Equity Income Fund R6 | 1.99% | 2.30% | 2.21% | 1.75% | 2.05% | 2.01% | 2.46% | 1.83% | 2.11% | 2.26% | 2.16% | 2.06% |
Drawdowns
VIIIX vs. OIEJX - Drawdown Comparison
The maximum VIIIX drawdown since its inception was -55.18%, which is greater than OIEJX's maximum drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for VIIIX and OIEJX. For additional features, visit the drawdowns tool.
Volatility
VIIIX vs. OIEJX - Volatility Comparison
Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a higher volatility of 4.05% compared to JPMorgan Equity Income Fund R6 (OIEJX) at 3.84%. This indicates that VIIIX'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.