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 Chase. It was launched on Dec 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMNIX or JHEQX.
Key characteristics
| CMNIX | JHEQX | |
|---|---|---|
| YTD Return | 6.78% | 19.94% |
| 1Y Return | 4.77% | 23.53% |
| 3Y Return (Ann) | 2.64% | 8.84% |
| 5Y Return (Ann) | 3.71% | 11.03% |
| 10Y Return (Ann) | 2.82% | 8.77% |
| Sharpe Ratio | 1.20 | 3.05 |
| Sortino Ratio | 1.30 | 4.28 |
| Omega Ratio | 1.47 | 1.66 |
| Calmar Ratio | 1.38 | 4.86 |
| Martin Ratio | 3.18 | 21.81 |
| Ulcer Index | 1.50% | 1.08% |
| Daily Std Dev | 3.99% | 7.73% |
| Max Drawdown | -22.81% | -18.85% |
| Current Drawdown | -0.07% | 0.00% |
Correlation
The correlation between CMNIX and JHEQX is 0.78, 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.
Performance
CMNIX vs. JHEQX - Performance Comparison
In the year-to-date period, CMNIX achieves a 6.78% return, which is significantly lower than JHEQX's 19.94% return. Over the past 10 years, CMNIX has underperformed JHEQX with an annualized return of 2.82%, while JHEQX has yielded a comparatively higher 8.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
CMNIX vs. JHEQX - Risk-Adjusted Performance 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.
Dividends
CMNIX vs. JHEQX - Dividend Comparison
CMNIX's dividend yield for the trailing twelve months is around 2.13%, more than JHEQX's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 2.13% | 2.31% | 1.02% | 0.46% | 0.90% | 1.56% | 1.78% | 1.40% | 1.41% | 1.35% | 1.22% | 1.55% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.77% | 0.98% | 0.98% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.22% | 1.07% | 0.00% |
Drawdowns
CMNIX vs. JHEQX - Drawdown Comparison
The maximum CMNIX drawdown since its inception was -22.81%, 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. For additional features, visit the drawdowns tool.
Volatility
CMNIX vs. JHEQX - Volatility Comparison
The current volatility for Calamos Market Neutral Income Fund Institutional Class (CMNIX) is 0.45%, while JPMorgan Hedged Equity Fund Class I (JHEQX) has a volatility of 2.38%. 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.