JPMorgan Hedged Equity Fund (JHQAX)
The investment aims for capital growth. Typically, the fund allocates at least 80% of its assets to equity securities, mainly large-cap U.S. companies' common stocks. In addition, the advisor employs an enhanced index strategy, focusing on firms with market capitalizations similar to those in the S&P 500 Index.
Fund Info
| ISIN | US46637K3150 |
|---|---|
| CUSIP | 46637K315 |
| Issuer | JPMorgan Chase |
| Inception Date | Dec 13, 2013 |
| Category | Options Trading |
| Min. Investment | $1,000 |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
JHQAX has a high expense ratio of 0.83%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Hedged Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
JPMorgan Hedged Equity Fund had a return of 5.82% year-to-date (YTD) and 13.19% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.82% | 9.31% |
| 1 month | 0.51% | 0.08% |
| 6 months | 10.13% | 19.94% |
| 1 year | 13.19% | 26.02% |
| 5 years (annualized) | 9.26% | 12.62% |
| 10 years (annualized) | N/A | 10.66% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.42% | 3.29% | 0.94% | -2.56% | ||||||||
| 2023 | -1.12% | 5.60% | 1.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of JHQAX is 77, placing it in the top 23% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
JHQAX (JPMorgan Hedged Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Hedged Equity Fund granted a 0.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.20 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.21 | $0.18 | $0.13 | $0.21 | $0.19 | $0.17 | $0.15 | $0.19 | $0.15 | $0.17 |
Dividend yield | 0.67% | 0.73% | 0.74% | 0.50% | 0.89% | 0.89% | 0.92% | 0.76% | 1.11% | 0.97% | 1.06% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | ||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 |
| 2014 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 0.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.82% | Feb 20, 2020 | 23 | Mar 23, 2020 | 62 | Jun 19, 2020 | 85 |
| -14.48% | Jan 5, 2022 | 194 | Oct 12, 2022 | 150 | May 18, 2023 | 344 |
| -10.88% | Jun 24, 2015 | 161 | Feb 11, 2016 | 155 | Sep 22, 2016 | 316 |
| -7.2% | Oct 2, 2018 | 58 | Dec 24, 2018 | 120 | Jun 18, 2019 | 178 |
| -7.07% | Aug 1, 2023 | 63 | Oct 27, 2023 | 32 | Dec 13, 2023 | 95 |
Volatility
Volatility Chart
The current JPMorgan Hedged Equity Fund volatility is 2.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.