- ISIN
- US46637K2814
- CUSIP
- 46637K281
- Issuer
- JPMorgan
- Inception Date
- Dec 13, 2013
- Category
- Hedge Fund
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
JHEQX Performance Chart
JPMorgan Hedged Equity Fund Class I (JHEQX) is down 1.6% since the beginning of the year. JHEQX is currently trading at $35 per share. Investors who bought $1,000 worth of JHEQX shares 5 years ago would now be looking at an investment worth $1,405.
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Returns By Period
JPMorgan Hedged Equity Fund Class I (JHEQX) has returned -1.57% so far this year and 6.29% over the past 12 months. Over the last ten years, JHEQX has returned 8.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
JPMorgan Hedged Equity Fund Class I
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- -1.57%
- 6M
- -1.96%
- 1Y
- 6.29%
- 3Y*
- 8.84%
- 5Y*
- 7.03%
- 10Y*
- 8.99%
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%
JHEQX Monthly Returns History
Based on dividend-adjusted daily data since May 30, 2014, JHEQX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +5.6%, while the worst month was Sep 2022 at -7.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, JHEQX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.9%, while the worst single day was Mar 16, 2020 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.76% | -0.17% | -5.50% | 3.51% | -0.14% | 0.17% | -1.57% | ||||||
| 2025 | 1.18% | -0.24% | -5.69% | -0.41% | 3.73% | 1.97% | 1.60% | 1.55% | 1.37% | 1.04% | 0.77% | 0.67% | 7.49% |
| 2024 | 1.45% | 3.32% | 0.96% | -2.55% | 3.75% | 3.59% | 0.67% | 2.26% | 2.15% | -0.24% | 3.49% | -1.75% | 18.23% |
| 2023 | 3.50% | -0.28% | 3.48% | 1.53% | 0.68% | 3.64% | 2.10% | -0.32% | -4.56% | -1.08% | 5.62% | 1.08% | 16.07% |
| 2022 | -2.56% | -1.48% | -0.62% | -4.55% | -0.08% | -0.74% | 4.03% | -0.79% | -7.68% | 3.03% | 3.15% | 0.52% | -8.05% |
| 2021 | -0.29% | 1.55% | 3.24% | 2.36% | 0.70% | 0.92% | 1.19% | 1.03% | -2.35% | 2.86% | 0.04% | 1.54% | 13.43% |
Benchmark Metrics
JPMorgan Hedged Equity Fund Class I has an annualized alpha of 1.83%, beta of 0.49, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since May 30, 2014.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (48.70%) than losses (48.27%) - typical of diversified or defensive assets.
- Beta of 0.49 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.83%
- Beta
- 0.49
- R²
- 0.86
- Upside Capture
- 48.70%
- Downside Capture
- 48.27%
Expense Ratio
JHEQX has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JHEQX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) 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.
| JHEQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.78 | -1.85 |
| Martin ratioReturn relative to average drawdown | 3.07 | 12.44 | -9.37 |
Dividends
Dividend History
JPMorgan Hedged Equity Fund Class I provided a 0.62% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.23 | $0.25 | $0.28 | $0.24 | $0.19 | $0.27 | $0.24 | $0.21 | $0.19 | $0.23 | $0.19 |
Dividend yield | 0.62% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Hedged Equity Fund Class I. 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 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.23 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.19 |
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 Hedged Equity Fund Class I. 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 Hedged Equity Fund Class I was 18.85%, occurring on Mar 23, 2020. Recovery took 61 trading sessions.
The current JPMorgan Hedged Equity Fund Class I drawdown is 2.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -18.85%Mar 2020 | 1mo 2d | 2mo 27d | 3mo 29dFeb 2020 - Jun 2020 |
Bear market2022 | -14.34%Oct 2022 | 9mo 13d | 7mo 6d | 1y 4moJan 2022 - May 2023 |
2025 selloff2025 | -13.07%Apr 2025 | 1mo 16d | 4mo 6d | 5mo 22dFeb 2025 - Aug 2025 |
2016 correction2016 | -10.79%Feb 2016 | 7mo 22d | 6mo 28d | 1y 2moJun 2015 - Sep 2016 |
Rate-hike selloffLate 2018 | -7.12%Dec 2018 | 2mo 23d | 4mo 3d | 6mo 26dOct 2018 - Apr 2019 |
Drawdown Indicators
| JHEQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.85% | -56.78% | +37.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -9.10% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | -18.90% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -25.43% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -18.85% | -33.92% | +15.07% |
Current DrawdownCurrent decline from peak | -2.86% | -1.80% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -10.71% | +8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.03% | +0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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