- ISIN
- US46637K3150
- CUSIP
- 46637K315
- Issuer
- JPMorgan
- Inception Date
- Dec 13, 2013
- Category
- Options Trading
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
JHQAX Performance Chart
JPMorgan Hedged Equity Fund (JHQAX) is down 1.8% since the beginning of the year. JHQAX is currently trading at $35 per share. Investors who bought $1,000 worth of JHQAX shares 5 years ago would now be looking at an investment worth $1,376.
Loading charts...
Returns By Period
JPMorgan Hedged Equity Fund (JHQAX) has returned -1.81% so far this year and 5.57% over the past 12 months. Over the last ten years, JHQAX has returned 8.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
JPMorgan Hedged Equity Fund
- 1D
- -0.14%
- 1M
- 0.20%
- YTD
- -1.81%
- 6M
- -2.66%
- 1Y
- 5.57%
- 3Y*
- 8.49%
- 5Y*
- 6.59%
- 10Y*
- 8.95%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
JHQAX Monthly Returns History
Based on dividend-adjusted daily data since May 30, 2014, JHQAX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 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, JHQAX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.8%, 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 | 0.74% | -0.17% | -5.52% | 3.47% | -0.14% | 0.03% | -1.81% | ||||||
| 2025 | 1.15% | -0.27% | -5.71% | -0.41% | 3.68% | 1.97% | 1.58% | 1.52% | 1.34% | 1.02% | 0.78% | 0.64% | 7.22% |
| 2024 | 1.42% | 3.29% | 0.94% | -2.56% | 3.73% | 3.53% | 0.68% | 2.24% | 2.13% | -0.25% | 3.47% | -1.79% | 17.93% |
| 2023 | 3.47% | -0.28% | 3.43% | 1.53% | 0.64% | 3.62% | 2.07% | -0.32% | -4.56% | -1.12% | 5.60% | 1.06% | 15.78% |
| 2022 | -2.57% | -1.53% | -0.64% | -4.56% | -0.08% | -0.77% | 4.01% | -0.79% | -7.68% | 2.96% | 3.17% | 0.50% | -8.27% |
| 2021 | -0.33% | 1.55% | 3.21% | 2.37% | 0.67% | 0.86% | 1.20% | 0.99% | -2.34% | 2.83% | 0.00% | 1.53% | 13.13% |
Benchmark Metrics
JPMorgan Hedged Equity Fund has an annualized alpha of 1.61%, 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 participated in 48.91% of S&P 500 Index downside but only 48.20% of its upside - more exposed to losses than it benefited from rallies.
- 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
- 1.61%
- Beta
- 0.49
- R²
- 0.86
- Upside Capture
- 48.20%
- Downside Capture
- 48.91%
Expense Ratio
JHQAX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JHQAX ranks 12 for risk / return — in the bottom 12% 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 (JHQAX) 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.
| JHQAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.46 | -1.60 |
| Martin ratioReturn relative to average drawdown | 2.77 | 10.92 | -8.15 |
Dividends
Dividend History
JPMorgan Hedged Equity Fund provided a 0.37% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.15 | $0.17 | $0.21 | $0.18 | $0.13 | $0.21 | $0.25 | $0.17 | $0.15 | $0.19 | $0.15 |
Dividend yield | 0.37% | 0.41% | 0.51% | 0.74% | 0.74% | 0.50% | 0.89% | 1.18% | 0.92% | 0.76% | 1.11% | 0.97% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Hedged 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 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.15 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.13 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Hedged 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 Hedged Equity Fund was 18.82%, occurring on Mar 23, 2020. Recovery took 62 trading sessions.
The current JPMorgan Hedged Equity Fund drawdown is 3.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -18.82%Mar 2020 | 1mo 2d | 2mo 28d | 4moFeb 2020 - Jun 2020 |
Bear market2022 | -14.48%Oct 2022 | 9mo 9d | 7mo 8d | 1y 4moJan 2022 - May 2023 |
2025 selloff2025 | -13.11%Apr 2025 | 1mo 17d | 4mo 6d | 5mo 23dFeb 2025 - Aug 2025 |
2016 correction2016 | -10.88%Feb 2016 | 7mo 22d | 7mo 14d | 1y 3moJun 2015 - Sep 2016 |
Rate-hike selloffLate 2018 | -7.20%Dec 2018 | 2mo 23d | 4mo 3d | 6mo 26dOct 2018 - Apr 2019 |
Drawdown Indicators
| JHQAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -56.78% | +37.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.91% | -9.10% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -18.90% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -25.43% | +10.95% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -33.92% | +15.10% |
Current DrawdownCurrent decline from peak | -3.07% | -3.21% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -10.71% | +8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.04% | +0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with JHQAX
Add JPMorgan Hedged Equity Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with JHQAX