DEF vs. JHQAX
Compare and contrast key facts about Invesco Defensive Equity ETF (DEF) and JPMorgan Hedged Equity Fund (JHQAX).
DEF is a passively managed fund by Invesco that tracks the performance of the Invesco Defensive Equity Index. It was launched on Dec 15, 2006. JHQAX 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: DEF or JHQAX.
Key characteristics
| DEF | JHQAX |
|---|
Correlation
The correlation between DEF and JHQAX is 0.75, 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
DEF vs. JHQAX - Performance Comparison
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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DEF vs. JHQAX - Expense Ratio Comparison
DEF has a 0.53% expense ratio, which is lower than JHQAX's 0.83% expense ratio.
Risk-Adjusted Performance
DEF vs. JHQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) and JPMorgan Hedged Equity Fund (JHQAX). 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
DEF vs. JHQAX - Dividend Comparison
DEF has not paid dividends to shareholders, while JHQAX's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEF Invesco Defensive Equity ETF | 1.59% | 1.60% | 1.48% | 1.06% | 1.34% | 1.16% | 1.39% | 0.16% | 0.34% | 0.31% | 2.55% | 2.30% |
JHQAX JPMorgan Hedged Equity Fund | 0.68% | 0.73% | 0.74% | 0.50% | 0.89% | 0.89% | 0.92% | 0.76% | 1.11% | 0.97% | 1.06% | 0.00% |
Drawdowns
DEF vs. JHQAX - Drawdown Comparison
Volatility
DEF vs. JHQAX - Volatility Comparison
The current volatility for Invesco Defensive Equity ETF (DEF) is 0.00%, while JPMorgan Hedged Equity Fund (JHQAX) has a volatility of 2.64%. This indicates that DEF experiences smaller price fluctuations and is considered to be less risky than JHQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.