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JPMorgan Hedged Equity Fund (JHQAX) Sharpe Ratio: 0.98

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

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.

JHQAX's Sharpe Ratio of 0.98 indicates that for each unit of volatility, it generates 0.98 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

JHQAX Sharpe Ratio Rank

JHQAX Sharpe Ratio Rank: 14.014
Concerning

JHQAX ranks above 14.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

JHQAX Sharpe Ratio Market Positioning

The chart shows JHQAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares JPMorgan Hedged Equity Fund's Sharpe Ratio with other mutual funds in the Options Trading category across multiple time periods, showing how JHQAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PPFIXPrinceton Premium Fund7.57
JDIEXEasterly Hedged Equity Fund2.65
GTSOXGlenmede Secured Options Portfolio2.65
MAIPXMAI Managed Volatility Fund2.56
SHIIXCatalyst Buffered Shield Fund2.56
EIVPXParametric Volatility Risk Premium - Defensive Fund2.56
GCPYXGateway Equity Call Premium Fund2.55
BPRLXBeacon Planned Return Strategy Fund2.51
CIHEXCalamos Hedged Equity Fund2.26
GTEYXGateway Fund Class Y Shares2.25
JHQAXJPMorgan Hedged Equity Fund0.98

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows JHQAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when JHQAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does JHQAX fit in your portfolio?

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