CMNIX vs. JHEQX
Compare and contrast key facts about Calamos Market Neutral Income Fund Institutional Class (CMNIX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
CMNIX is managed by Calamos. It was launched on May 10, 2000. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
CMNIX vs. JHEQX - Performance Comparison
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CMNIX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 0.37% | 6.89% | 7.43% | 9.17% | -4.26% | 5.02% | 5.36% | 6.72% | 1.79% | 4.21% |
JHEQX JPMorgan Hedged Equity Fund Class I | -4.94% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
Returns By Period
In the year-to-date period, CMNIX achieves a 0.37% return, which is significantly higher than JHEQX's -4.94% return. Over the past 10 years, CMNIX has underperformed JHEQX with an annualized return of 4.67%, while JHEQX has yielded a comparatively higher 8.72% annualized return.
CMNIX
- 1D
- 0.45%
- 1M
- -0.51%
- YTD
- 0.37%
- 6M
- 1.79%
- 1Y
- 6.09%
- 3Y*
- 6.86%
- 5Y*
- 4.49%
- 10Y*
- 4.67%
JHEQX
- 1D
- 0.75%
- 1M
- -5.47%
- YTD
- -4.94%
- 6M
- -2.73%
- 1Y
- 7.14%
- 3Y*
- 9.50%
- 5Y*
- 6.83%
- 10Y*
- 8.72%
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CMNIX vs. JHEQX - Expense Ratio Comparison
CMNIX has a 0.90% expense ratio, which is higher than JHEQX's 0.58% expense ratio.
Return for Risk
CMNIX vs. JHEQX — Risk / Return Rank
CMNIX
JHEQX
CMNIX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Market Neutral Income Fund Institutional Class (CMNIX) and JPMorgan Hedged Equity Fund Class I (JHEQX). 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.
| CMNIX | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.72 | +1.02 |
Sortino ratioReturn per unit of downside risk | 2.61 | 1.10 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.17 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.07 | +1.20 |
Martin ratioReturn relative to average drawdown | 15.50 | 4.43 | +11.06 |
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
| CMNIX | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.72 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.30 | 0.77 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.29 | 0.93 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.84 | -0.48 |
Correlation
The correlation between CMNIX and JHEQX is 0.77, 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
CMNIX vs. JHEQX - Dividend Comparison
CMNIX's dividend yield for the trailing twelve months is around 1.75%, more than JHEQX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 1.75% | 1.63% | 2.00% | 5.90% | 1.02% | 0.46% | 0.90% | 1.57% | 5.02% | 2.60% | 2.97% | 2.42% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.64% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
Drawdowns
CMNIX vs. JHEQX - Drawdown Comparison
The maximum CMNIX drawdown since its inception was -35.16%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for CMNIX and JHEQX.
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Drawdown Indicators
| CMNIX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.16% | -18.85% | -16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -6.92% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -7.52% | -14.34% | +6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -8.12% | -18.85% | +10.73% |
Current DrawdownCurrent decline from peak | -0.58% | -6.19% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -2.16% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.67% | -1.27% |
Volatility
CMNIX vs. JHEQX - Volatility Comparison
The current volatility for Calamos Market Neutral Income Fund Institutional Class (CMNIX) is 0.92%, while JPMorgan Hedged Equity Fund Class I (JHEQX) has a volatility of 2.81%. This indicates that CMNIX experiences smaller price fluctuations and is considered to be less risky than JHEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMNIX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 2.81% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 5.56% | -4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 10.23% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 8.89% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 9.41% | -5.78% |