- ISIN
- US4812A18607
- CUSIP
- 4812A1860
- Issuer
- JPMorgan
- Inception Date
- Sep 10, 2001
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
JDESX Performance Chart
JPMorgan U.S. Research Enhanced Equity Fund (JDESX) is up 8.0% since the beginning of the year. JDESX is currently trading at $52 per share. Investors who bought $1,000 worth of JDESX shares 5 years ago would now be looking at an investment worth $1,998.
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Returns By Period
JPMorgan U.S. Research Enhanced Equity Fund (JDESX) has returned 8.04% so far this year and 24.14% over the past 12 months. Looking at the last ten years, JDESX has achieved an annualized return of 16.14%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
JPMorgan U.S. Research Enhanced Equity Fund
- 1D
- 1.01%
- 1M
- 0.43%
- YTD
- 8.04%
- 6M
- 7.59%
- 1Y
- 24.14%
- 3Y*
- 21.82%
- 5Y*
- 14.85%
- 10Y*
- 16.14%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JDESX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1997, JDESX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.3%, while the worst month was Oct 2008 at -16.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, JDESX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.1%, while the worst single day was Dec 14, 2021 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.21% | -0.86% | -5.29% | 10.24% | 4.22% | -1.03% | 8.04% | ||||||
| 2025 | 2.14% | -1.06% | -5.92% | -1.06% | 6.31% | 5.36% | 2.25% | 2.01% | 3.18% | 1.98% | 0.36% | 0.23% | 16.33% |
| 2024 | 1.87% | 5.44% | 3.27% | -3.74% | 5.03% | 3.70% | 0.96% | 2.50% | 1.96% | -0.75% | 5.30% | 2.18% | 31.02% |
| 2023 | 6.57% | -2.25% | 3.72% | 1.78% | 0.66% | 6.63% | 3.29% | -1.27% | -4.57% | -2.01% | 9.05% | 4.47% | 28.23% |
| 2022 | -4.75% | -2.86% | 3.35% | -8.71% | 0.19% | -8.34% | 9.43% | -4.09% | -9.13% | 7.55% | 5.95% | -6.05% | -18.15% |
| 2021 | -0.66% | 2.69% | 4.81% | 5.68% | 0.67% | 2.35% | 2.44% | 2.67% | -4.88% | 7.63% | -0.43% | 4.43% | 30.35% |
Benchmark Metrics
JPMorgan U.S. Research Enhanced Equity Fund has an annualized alpha of 1.64%, beta of 1.00, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since December 31, 1997.
- This fund captured 105.93% of S&P 500 Index gains but only 98.55% of its losses - a favorable profile for investors.
- With beta of 1.00 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.64%
- Beta
- 1.00
- R²
- 0.93
- Upside Capture
- 105.93%
- Downside Capture
- 98.55%
Expense Ratio
JDESX has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JDESX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Equity Fund (JDESX) and compare them to S&P 500 Index.
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.
| JDESX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.78 | -0.18 |
| Martin ratioReturn relative to average drawdown | 11.67 | 12.44 | -0.77 |
Dividends
Dividend History
JPMorgan U.S. Research Enhanced Equity Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $2.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.56 | $2.56 | $4.87 | $0.46 | $0.82 | $4.75 | $1.24 | $3.10 | $3.34 | $0.39 | $0.33 | $1.22 |
Dividend yield | 4.93% | 5.33% | 11.20% | 1.23% | 2.79% | 12.94% | 3.89% | 11.29% | 14.15% | 1.39% | 1.40% | 5.56% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan U.S. Research Enhanced Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $2.34 | $2.56 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $4.58 | $4.87 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.57 | $0.82 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $4.50 | $4.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan U.S. Research Enhanced Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan U.S. Research Enhanced Equity Fund was 54.56%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current JPMorgan U.S. Research Enhanced Equity Fund drawdown is 1.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.56%Mar 2009 | 1y 5mo | 3y 5d | 4y 5moOct 2007 - Mar 2012 |
Dot-com crash2000–2002 | -50.94%Oct 2002 | 2y 6mo | 4y 6mo | 7y 21dMar 2000 - Apr 2007 |
COVID crash2020 | -34.71%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Bear market2022 | -31.30%Oct 2022 | 10mo 2d | 1y 4mo | 2y 2moDec 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -19.81%Dec 2018 | 3mo 1d | 4mo | 7mo 1dSep 2018 - Apr 2019 |
Drawdown Indicators
| JDESX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.56% | -56.78% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -9.10% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -18.90% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.30% | -25.43% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -34.71% | -33.92% | -0.79% |
Current DrawdownCurrent decline from peak | -1.31% | -1.80% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -10.71% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.03% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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