AGRDX vs. AMFEX

Last updated Apr 3, 2026

Compare and contrast key facts about JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and AAMA Equity Fund (AMFEX).

AGRDX is managed by JPMorgan. It was launched on Mar 31, 2016. AMFEX is managed by AAMA. It was launched on Jun 30, 2017.

Performance

AGRDX vs. AMFEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and AAMA Equity Fund (AMFEX). The values are adjusted to include any dividend payments, if applicable.

AGRDX vs. AMFEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	-9.31%	15.66%	26.66%	43.81%	-31.15%	28.29%	35.69%	35.89%	-11.02%
AMFEX AAMA Equity Fund	2.66%	17.33%	16.28%	17.32%	-14.08%	22.58%	12.70%	24.62%	-9.60%

Returns By Period

In the year-to-date period, AGRDX achieves a -9.31% return, which is significantly lower than AMFEX's 2.66% return.

AGRDX

• 1D: 0.93%
• 1M: -3.92%
• YTD: -9.31%
• 6M: -8.92%
• 1Y: 15.96%
• 3Y*: 18.38%
• 5Y*: 10.30%
• 10Y*: 15.29%

AMFEX

• 1D: 0.16%
• 1M: -3.11%
• YTD: 2.66%
• 6M: 6.38%
• 1Y: 20.52%
• 3Y*: 16.01%
• 5Y*: 10.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGRDX vs. AMFEX - Expense Ratio Comparison

AGRDX has a 0.25% expense ratio, which is lower than AMFEX's 1.17% expense ratio.

AMFEX

AAMA Equity Fund

AGRDX

JPMorgan Research Enhanced Equity Fund Class R6

Return for Risk

AGRDX vs. AMFEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGRDX

AGRDX Risk / Return Rank: 26
AGRDX Sharpe Ratio Rank: 24
AGRDX Sortino Ratio Rank: 29
AGRDX Omega Ratio Rank: 27
AGRDX Calmar Ratio Rank: 27
AGRDX Martin Ratio Rank: 25

AMFEX

AMFEX Risk / Return Rank: 76
AMFEX Sharpe Ratio Rank: 71
AMFEX Sortino Ratio Rank: 72
AMFEX Omega Ratio Rank: 76
AMFEX Calmar Ratio Rank: 73
AMFEX Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGRDX vs. AMFEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and AAMA Equity Fund (AMFEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGRDX	AMFEX	Difference
Sharpe ratio Return per unit of total volatility	0.75	1.43	-0.68
Sortino ratio Return per unit of downside risk	1.24	2.03	-0.79
Omega ratio Gain probability vs. loss probability	1.17	1.32	-0.15
Calmar ratio Return relative to maximum drawdown	1.09	2.01	-0.92
Martin ratio Return relative to average drawdown	3.70	10.29	-6.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRDX vs. AMFEX - Sharpe Ratio Comparison

The current AGRDX Sharpe Ratio is 0.75, which is lower than the AMFEX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of AGRDX and AMFEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGRDX	AMFEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	1.43	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.72	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.66	+0.02

Correlation

The correlation between AGRDX and AMFEX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AGRDX vs. AMFEX - Dividend Comparison

AGRDX's dividend yield for the trailing twelve months is around 17.92%, more than AMFEX's 11.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	17.92%	16.25%	5.72%	4.64%	5.01%	9.55%	5.24%	5.86%	13.94%	9.95%	4.58%	6.71%
AMFEX AAMA Equity Fund	11.68%	11.99%	9.19%	0.92%	4.82%	0.22%	0.44%	0.78%	0.83%	0.00%	0.00%	0.00%

Drawdowns

AGRDX vs. AMFEX - Drawdown Comparison

The maximum AGRDX drawdown since its inception was -34.73%, which is greater than AMFEX's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for AGRDX and AMFEX.

Drawdown Indicators

	AGRDX	AMFEX	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	-30.41%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-6.91%	-9.64%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-21.21%	-13.52%
Max Drawdown (10Y) Largest decline over 10 years	-34.73%	—	—
Current Drawdown Current decline from peak	-12.62%	-4.03%	-8.59%
Average Drawdown Average peak-to-trough decline	-5.93%	-4.39%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	2.05%	+2.82%

Volatility

AGRDX vs. AMFEX - Volatility Comparison

JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) has a higher volatility of 6.86% compared to AAMA Equity Fund (AMFEX) at 3.84%. This indicates that AGRDX's price experiences larger fluctuations and is considered to be riskier than AMFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRDX	AMFEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	3.84%	+3.02%
Volatility (6M) Calculated over the trailing 6-month period	12.62%	7.51%	+5.11%
Volatility (1Y) Calculated over the trailing 1-year period	22.70%	14.71%	+7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	14.22%	+7.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	17.07%	+4.19%