JPMorgan International Hedged Equity Fund (JIHIX)
The fund seeks to provide capital appreciation through participation in international equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund primarily invests in equity securities of foreign companies across all market capitalizations, including foreign subsidiaries of U.S. companies.
Fund Info
| ISIN | US46645V5848 |
|---|---|
| CUSIP | 46645V584 |
| Issuer | JPMorgan Chase |
| Inception Date | Mar 14, 2019 |
| Category | Options Trading |
| Min. Investment | $1,000,000 |
| Asset Class | Alternatives |
Expense Ratio
JIHIX has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: JIHIX vs. SCHG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan International 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 International Hedged Equity Fund had a return of 9.30% year-to-date (YTD) and 10.90% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.30% | 11.18% |
| 1 month | 5.08% | 5.60% |
| 6 months | 11.74% | 17.48% |
| 1 year | 10.90% | 26.33% |
| 5 years (annualized) | 5.79% | 13.16% |
| 10 years (annualized) | N/A | 10.99% |
Monthly Returns
The table below presents the monthly returns of JIHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.19% | 2.92% | 3.64% | -1.97% | 9.30% | ||||||||
| 2023 | 4.50% | 0.07% | 2.92% | 2.25% | -2.46% | 3.94% | 1.37% | -2.64% | -4.09% | -1.38% | 5.79% | 1.47% | 11.80% |
| 2022 | -1.66% | -2.49% | -2.30% | -3.47% | 0.00% | -1.90% | 2.83% | -2.02% | -6.17% | 3.51% | 4.10% | 0.12% | -9.52% |
| 2021 | -1.38% | 2.27% | 2.22% | 1.79% | 2.63% | -0.06% | 0.98% | 1.69% | -1.96% | 2.12% | -3.62% | 3.17% | 10.02% |
| 2020 | -1.90% | -3.30% | -8.76% | 3.00% | 0.36% | 0.42% | 0.21% | 2.89% | -0.48% | -2.48% | 8.46% | 0.74% | -1.75% |
| 2019 | -0.73% | 2.01% | -4.07% | 5.20% | 2.01% | -1.78% | 2.75% | 1.76% | 1.15% | 1.39% | 9.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of JIHIX is 43, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
JIHIX (JPMorgan International Hedged Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan International Hedged Equity Fund (JIHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan International Hedged Equity Fund granted a 2.52% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.33 | $0.41 | $0.28 | $0.71 |
Dividend yield | 2.52% | 2.75% | 2.27% | 2.54% | 1.85% | 4.49% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan International 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2019 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.71 |
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 International 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 International Hedged Equity Fund was 19.01%, occurring on Mar 18, 2020. Recovery took 246 trading sessions.
The current JPMorgan International Hedged Equity Fund drawdown is 0.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.01% | Jan 21, 2020 | 41 | Mar 18, 2020 | 246 | Mar 10, 2021 | 287 |
| -17.63% | Nov 9, 2021 | 225 | Sep 30, 2022 | 195 | Jul 13, 2023 | 420 |
| -8.52% | Aug 1, 2023 | 63 | Oct 27, 2023 | 75 | Feb 15, 2024 | 138 |
| -4.07% | May 1, 2019 | 22 | May 31, 2019 | 13 | Jun 19, 2019 | 35 |
| -3.42% | Sep 17, 2021 | 12 | Oct 4, 2021 | 20 | Nov 1, 2021 | 32 |
Volatility
Volatility Chart
The current JPMorgan International Hedged Equity Fund volatility is 2.28%, 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.