EZM vs. JHQAX
EZM (WisdomTree U.S. MidCap Earnings Fund) and JHQAX (JPMorgan Hedged Equity Fund) are both funds - EZM is a Mid Cap Blend Equities fund tracking the WisdomTree U.S. MidCap Index, while JHQAX is a Options Trading fund managed by JPMorgan. Over the past 10 years, EZM returned 11.24%/yr vs 8.75%/yr for JHQAX. A 0.75 correlation means they provide meaningful diversification when combined. EZM charges 0.38%/yr vs 0.83%/yr for JHQAX.
Performance
EZM vs. JHQAX - Performance Comparison
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Returns By Period
In the year-to-date period, EZM achieves a 12.38% return, which is significantly higher than JHQAX's -1.67% return. Over the past 10 years, EZM has outperformed JHQAX with an annualized return of 11.24%, while JHQAX has yielded a comparatively lower 8.75% annualized return.
EZM
- 1D
- 0.21%
- 1M
- 3.10%
- YTD
- 12.38%
- 6M
- 10.19%
- 1Y
- 25.48%
- 3Y*
- 15.48%
- 5Y*
- 9.03%
- 10Y*
- 11.24%
JHQAX
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- -1.67%
- 6M
- -2.05%
- 1Y
- 6.01%
- 3Y*
- 8.58%
- 5Y*
- 6.76%
- 10Y*
- 8.75%
EZM vs. JHQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EZM WisdomTree U.S. MidCap Earnings Fund | 12.38% | 8.42% | 10.29% | 19.69% | -12.22% | 31.00% | 5.57% | 24.48% | -12.36% | 17.37% |
JHQAX JPMorgan Hedged Equity Fund | -1.67% | 7.22% | 17.93% | 15.78% | -8.27% | 13.13% | 13.77% | 13.38% | -0.93% | 12.45% |
Correlation
The correlation between EZM and JHQAX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.75 |
The correlation between EZM and JHQAX shifts across timeframes, from 0.61 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EZM vs. JHQAX — Risk / Return Rank
EZM
JHQAX
EZM vs. JHQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings 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.
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.
| EZM | JHQAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 0.89 | +2.05 |
| Martin ratioReturn relative to average drawdown | 9.98 | 2.91 | +7.06 |
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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.
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Drawdown Indicators
| EZM | JHQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.58% | -18.82% | -40.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.70% | -6.91% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -13.11% | -10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -14.48% | -9.05% |
Max Drawdown (10Y)Largest decline over 10 years | -47.26% | -18.82% | -28.44% |
Current DrawdownCurrent decline from peak | -0.57% | -2.93% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -2.22% | -6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.11% | +0.45% |
Volatility
EZM vs. JHQAX - Volatility Comparison
WisdomTree U.S. MidCap Earnings Fund (EZM) has a higher volatility of 4.00% compared to JPMorgan Hedged Equity Fund (JHQAX) at 0.51%. 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.
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Volatility by Period
| EZM | JHQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 0.51% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 4.66% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 6.27% | +8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 8.86% | +11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 9.37% | +13.00% |
EZM vs. JHQAX - Expense Ratio Comparison
EZM has a 0.38% expense ratio, which is lower than JHQAX's 0.83% expense ratio.
Dividends
EZM vs. JHQAX - Dividend Comparison
EZM's dividend yield for the trailing twelve months is around 1.24%, more than JHQAX's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZM WisdomTree U.S. MidCap Earnings Fund | 1.24% | 1.39% | 1.22% | 1.25% | 1.57% | 1.08% | 1.67% | 1.34% | 1.57% | 1.14% | 1.55% | 1.30% |
JHQAX JPMorgan Hedged Equity Fund | 0.37% | 0.41% | 0.51% | 0.74% | 0.74% | 0.50% | 0.89% | 1.18% | 0.92% | 0.76% | 1.11% | 0.97% |
Frequently Asked Questions
EZM and JHQAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZM has higher volatility (4.00%) compared to JHQAX (0.51%). In terms of maximum drawdown, EZM dropped -59.58% vs JHQAX's -18.82%.
EZM currently has the higher Sharpe Ratio (1.70 vs 0.98), 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.
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