EZM vs. JHQAX
Compare and contrast key facts about WisdomTree U.S. MidCap Fund (EZM) and JPMorgan Hedged Equity Fund (JHQAX).
EZM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S Mid Cap Index. It was launched on Feb 23, 2007. 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: EZM or JHQAX.
Performance
EZM vs. JHQAX - Performance Comparison
Returns By Period
In the year-to-date period, EZM achieves a 16.25% return, which is significantly lower than JHQAX's 18.86% return. Over the past 10 years, EZM has outperformed JHQAX with an annualized return of 9.46%, while JHQAX has yielded a comparatively lower 8.34% annualized return.
EZM
16.25%
5.88%
13.29%
29.40%
11.83%
9.46%
JHQAX
18.86%
0.94%
11.47%
20.21%
10.54%
8.34%
Key characteristics
| EZM | JHQAX | |
|---|---|---|
| Sharpe Ratio | 1.68 | 2.65 |
| Sortino Ratio | 2.43 | 3.72 |
| Omega Ratio | 1.30 | 1.56 |
| Calmar Ratio | 3.42 | 4.21 |
| Martin Ratio | 8.98 | 18.69 |
| Ulcer Index | 3.34% | 1.10% |
| Daily Std Dev | 17.87% | 7.73% |
| Max Drawdown | -59.58% | -18.82% |
| Current Drawdown | -1.10% | -0.69% |
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EZM vs. JHQAX - Expense Ratio Comparison
EZM has a 0.38% expense ratio, which is lower than JHQAX's 0.83% expense ratio.
Correlation
The correlation between EZM and JHQAX is 0.76, 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.
Risk-Adjusted Performance
EZM vs. JHQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Fund (EZM) 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
EZM vs. JHQAX - Dividend Comparison
EZM's dividend yield for the trailing twelve months is around 1.17%, more than JHQAX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZM WisdomTree U.S. MidCap Fund | 1.17% | 1.25% | 1.57% | 1.09% | 1.67% | 1.34% | 1.57% | 1.14% | 1.55% | 1.30% | 1.16% | 0.99% |
JHQAX JPMorgan Hedged Equity Fund | 0.56% | 0.74% | 0.74% | 0.50% | 0.89% | 0.89% | 0.91% | 0.75% | 1.11% | 0.97% | 1.07% | 0.00% |
Drawdowns
EZM vs. JHQAX - Drawdown Comparison
The maximum EZM drawdown since its inception was -59.58%, which is greater than JHQAX's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for EZM and JHQAX. For additional features, visit the drawdowns tool.
Volatility
EZM vs. JHQAX - Volatility Comparison
WisdomTree U.S. MidCap Fund (EZM) has a higher volatility of 6.54% compared to JPMorgan Hedged Equity Fund (JHQAX) at 2.46%. This indicates that EZM's price experiences larger fluctuations and is considered to be riskier than JHQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.