BUIGX vs. JHQDX

Last updated Aug 4, 2026

BUIGX (Cboe Vest US Large Cap 10% Buffer Fund) and JHQDX (JPMorgan Hedged Equity 2 Fund Class I) are both Options Trading funds. Over the past 5 years, BUIGX returned 8.99%/yr vs 7.66%/yr for JHQDX. Their correlation of 0.87 means they have usually moved in the same direction. BUIGX charges 0.95%/yr vs 0.60%/yr for JHQDX.

Performance

BUIGX vs. JHQDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUIGX achieves a 6.88% return, which is significantly lower than JHQDX's 7.81% return.

BUIGX

• 1D: 0.29%
• 1M: 0.34%
• 6M: 5.56%
• YTD: 6.88%
• 1Y: 14.40%
• 3Y*: 12.61%
• 5Y*: 8.99%
• 10Y*: —
• ALL TIME*: 9.37%

JHQDX

• 1D: 0.71%
• 1M: 1.71%
• 6M: 6.53%
• YTD: 7.81%
• 1Y: 14.47%
• 3Y*: 11.15%
• 5Y*: 7.66%
• 10Y*: —
• ALL TIME*: 8.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	$0.00	$0.00	$0.00
JHQDX JPMorgan Hedged Equity 2 Fund Class I	$0.00	$0.00	$0.00

BUIGX vs. JHQDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	6.88%	11.51%	15.54%	19.05%	-9.88%	11.42%
JHQDX JPMorgan Hedged Equity 2 Fund Class I	7.81%	7.56%	18.03%	15.26%	-13.30%	14.40%

Correlation

The correlation between BUIGX and JHQDX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Feb 26, 2021	0.87

The correlation between BUIGX and JHQDX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

BUIGX vs. JHQDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUIGX

BUIGX Risk / Return Rank: 66
BUIGX Sharpe Ratio Rank: 46
BUIGX Sortino Ratio Rank: 47
BUIGX Omega Ratio Rank: 70
BUIGX Calmar Ratio Rank: 76
BUIGX Martin Ratio Rank: 90

JHQDX

JHQDX Risk / Return Rank: 72
JHQDX Sharpe Ratio Rank: 69
JHQDX Sortino Ratio Rank: 67
JHQDX Omega Ratio Rank: 72
JHQDX Calmar Ratio Rank: 71
JHQDX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUIGX vs. JHQDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). 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.

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.

	BUIGX	JHQDX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.70	-0.28
Sortino ratio: Return per unit of downside risk	2.06	2.42	-0.36
Omega ratio: Gain probability vs. loss probability	1.32	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.60	2.43	+0.18
Martin ratio: Return relative to average drawdown	12.84	10.50	+2.33

BUIGX vs. JHQDX - Sharpe Ratio Comparison

The current BUIGX Sharpe Ratio is 1.42, which is comparable to the JHQDX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of BUIGX and JHQDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUIGX vs. JHQDX - Drawdown Comparison

The maximum BUIGX drawdown since its inception was -22.01%, which is greater than JHQDX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for BUIGX and JHQDX.

Drawdown Indicators

	BUIGX	JHQDX	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-15.25%	-6.76%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-5.41%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	-9.27%	-4.67%
Max Drawdown (5Y) Largest decline over 5 years	-15.22%	-15.25%	+0.03%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.29%	-3.15%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	1.25%	-0.21%

Volatility

BUIGX vs. JHQDX - Volatility Comparison

The current volatility for Cboe Vest US Large Cap 10% Buffer Fund (BUIGX) is 1.99%, while JPMorgan Hedged Equity 2 Fund Class I (JHQDX) has a volatility of 2.95%. This indicates that BUIGX experiences smaller price fluctuations and is considered to be less risky than JHQDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUIGX	JHQDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	2.95%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	5.80%	5.86%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	7.73%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.59%	8.89%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	8.68%	+2.96%

BUIGX vs. JHQDX - Expense Ratio Comparison

BUIGX has a 0.95% expense ratio, which is higher than JHQDX's 0.60% expense ratio.

Dividends

BUIGX vs. JHQDX - Dividend Comparison

BUIGX has not paid dividends to shareholders, while JHQDX's dividend yield for the trailing twelve months is around 0.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BUIGX Cboe Vest US Large Cap 10% Buffer Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	0.68%
JHQDX JPMorgan Hedged Equity 2 Fund Class I	0.41%	0.50%	0.75%	0.96%	6.91%	0.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUIGX and JHQDX in my portfolio?

BUIGX and JHQDX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUIGX or JHQDX?

JHQDX has higher volatility (2.95%) compared to BUIGX (1.99%). In terms of maximum drawdown, BUIGX dropped -22.01% vs JHQDX's -15.25%.

Which has better risk-adjusted returns?

JHQDX currently has the higher Sharpe Ratio (1.70 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.