AGRDX vs. FEQHX
Compare and contrast key facts about JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and Fidelity Hedged Equity Fund (FEQHX).
AGRDX is managed by JPMorgan. It was launched on Mar 31, 2016. FEQHX is an actively managed fund by Fidelity. It was launched on Sep 8, 2022.
Performance
AGRDX vs. FEQHX - Performance Comparison
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AGRDX vs. FEQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGRDX JPMorgan Research Enhanced Equity Fund Class R6 | -10.14% | 15.66% | 26.66% | 43.81% | -8.34% |
FEQHX Fidelity Hedged Equity Fund | -4.09% | 13.61% | 19.46% | 17.65% | -4.85% |
Returns By Period
In the year-to-date period, AGRDX achieves a -10.14% return, which is significantly lower than FEQHX's -4.09% return.
AGRDX
- 1D
- 3.75%
- 1M
- -5.61%
- YTD
- -10.14%
- 6M
- -9.70%
- 1Y
- 15.89%
- 3Y*
- 18.02%
- 5Y*
- 10.09%
- 10Y*
- 15.18%
FEQHX
- 1D
- 1.71%
- 1M
- -4.16%
- YTD
- -4.09%
- 6M
- -3.55%
- 1Y
- 13.00%
- 3Y*
- 13.67%
- 5Y*
- —
- 10Y*
- —
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AGRDX vs. FEQHX - Expense Ratio Comparison
AGRDX has a 0.25% expense ratio, which is lower than FEQHX's 0.55% expense ratio.
Return for Risk
AGRDX vs. FEQHX — Risk / Return Rank
AGRDX
FEQHX
AGRDX vs. FEQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) and Fidelity Hedged Equity Fund (FEQHX). 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 | FEQHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.21 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.82 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.84 | -0.82 |
Martin ratioReturn relative to average drawdown | 3.52 | 7.27 | -3.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGRDX | FEQHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.21 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
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 | 1.00 | -0.32 |
Correlation
The correlation between AGRDX and FEQHX is 0.93, 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. FEQHX - Dividend Comparison
AGRDX's dividend yield for the trailing twelve months is around 18.09%, more than FEQHX's 0.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGRDX JPMorgan Research Enhanced Equity Fund Class R6 | 18.09% | 16.25% | 5.72% | 4.64% | 5.01% | 9.55% | 5.24% | 5.86% | 13.94% | 9.95% | 4.58% | 6.71% |
FEQHX Fidelity Hedged Equity Fund | 0.45% | 0.43% | 0.61% | 0.77% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGRDX vs. FEQHX - Drawdown Comparison
The maximum AGRDX drawdown since its inception was -34.73%, which is greater than FEQHX's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for AGRDX and FEQHX.
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Drawdown Indicators
| AGRDX | FEQHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -10.42% | -24.31% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -7.40% | -9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.73% | — | — |
Current DrawdownCurrent decline from peak | -13.42% | -5.82% | -7.60% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -2.28% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 1.87% | +2.94% |
Volatility
AGRDX vs. FEQHX - Volatility Comparison
JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) has a higher volatility of 6.79% compared to Fidelity Hedged Equity Fund (FEQHX) at 3.11%. This indicates that AGRDX's price experiences larger fluctuations and is considered to be riskier than FEQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRDX | FEQHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 3.11% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 6.85% | +5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 11.04% | +11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 11.29% | +10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 11.29% | +9.98% |