- Issuer
- JPMorgan
- Inception Date
- Feb 26, 2021
- Category
- Options Trading
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
JHQDX Performance Chart
JPMorgan Hedged Equity 2 Fund Class I (JHQDX) is up 5.9% since the beginning of the year. JHQDX is currently trading at $21 per share. Investors who bought $1,000 worth of JHQDX shares 5 years ago would now be looking at an investment worth $1,471.
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Returns By Period
JPMorgan Hedged Equity 2 Fund Class I (JHQDX) has returned 5.89% so far this year and 13.23% over the past 12 months.
JPMorgan Hedged Equity 2 Fund Class I
- 1D
- 0.48%
- 1M
- 0.57%
- YTD
- 5.89%
- 6M
- 5.47%
- 1Y
- 13.23%
- 3Y*
- 11.07%
- 5Y*
- 8.02%
- 10Y*
- —
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%
JHQDX Monthly Returns History
Based on dividend-adjusted daily data since Feb 26, 2021, JHQDX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +7.7%, while the worst month was Apr 2022 at -5.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JHQDX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +3.0%, while the worst single day was Sep 13, 2022 at -2.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.96% | -0.25% | -3.70% | 7.69% | 1.54% | -0.14% | 5.89% | ||||||
| 2025 | 2.32% | -0.47% | -3.92% | -1.27% | 3.12% | 2.18% | 0.74% | 1.37% | 1.65% | 1.08% | 0.46% | 0.25% | 7.56% |
| 2024 | 0.95% | 3.50% | 1.55% | -0.42% | 3.35% | 1.82% | 0.68% | 2.09% | 1.52% | 0.05% | 2.73% | -1.04% | 18.03% |
| 2023 | 5.91% | -1.02% | 2.51% | 1.68% | 0.73% | 3.60% | 0.95% | -0.82% | -3.19% | -0.66% | 4.10% | 0.84% | 15.26% |
| 2022 | -3.39% | -1.27% | 1.64% | -5.80% | 0.51% | -4.76% | 4.90% | -1.86% | -4.06% | 0.34% | 3.74% | -3.53% | -13.30% |
| 2021 | 0.00% | 2.68% | 1.69% | 0.45% | 1.67% | 1.44% | 1.17% | -2.55% | 4.70% | -0.18% | 2.65% | 14.40% |
Benchmark Metrics
JPMorgan Hedged Equity 2 Fund Class I has an annualized alpha of 1.86%, beta of 0.48, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since February 26, 2021.
- This fund participated in 56.50% of S&P 500 Index downside but only 51.36% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.48 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
- 1.86%
- Beta
- 0.48
- R²
- 0.85
- Upside Capture
- 51.36%
- Downside Capture
- 56.50%
Expense Ratio
JHQDX has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JHQDX ranks 51 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 Hedged Equity 2 Fund Class I (JHQDX) 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.
| JHQDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.78 | -0.32 |
| Martin ratioReturn relative to average drawdown | 10.86 | 12.44 | -1.58 |
Dividends
Dividend History
JPMorgan Hedged Equity 2 Fund Class I provided a 0.47% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.14 | $0.15 | $0.96 | $0.07 |
Dividend yield | 0.47% | 0.50% | 0.75% | 0.96% | 6.91% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Hedged Equity 2 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.10 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.87 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.07 |
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 2 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 2 Fund Class I was 15.25%, occurring on Nov 3, 2022. Recovery took 297 trading sessions.
The current JPMorgan Hedged Equity 2 Fund Class I drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.25%Nov 2022 | 10mo 2d | 1y 2mo | 2y 6dJan 2022 - Jan 2024 |
2025 selloff2025 | -9.27%Apr 2025 | 1mo 17d | 4mo 7d | 5mo 24dFeb 2025 - Aug 2025 |
2026 pullback2026 | -5.41%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 |
2024 pullback2024 | -3.17%Aug 2024 | 4d | 10d | 14dAug 2024 - Aug 2024 |
2021 pullback2021 | -2.91%Oct 2021 | 1mo 4d | 11d | 1mo 15dAug 2021 - Oct 2021 |
Drawdown Indicators
| JHQDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -56.78% | +41.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -9.10% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -9.27% | -18.90% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -15.25% | -25.43% | +10.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.24% | -1.80% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -10.71% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.03% | -0.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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