GATEX vs. JHQDX

Last updated Apr 2, 2026

Compare and contrast key facts about Gateway Fund (GATEX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX).

GATEX is managed by Natixis. It was launched on Dec 6, 1977. JHQDX is managed by JPMorgan. It was launched on Feb 26, 2021.

Performance

GATEX vs. JHQDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gateway Fund (GATEX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). The values are adjusted to include any dividend payments, if applicable.

GATEX vs. JHQDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GATEX Gateway Fund	-3.07%	10.07%	15.55%	14.43%	-12.06%	10.25%
JHQDX JPMorgan Hedged Equity 2 Fund Class I	-3.02%	7.56%	18.03%	15.26%	-13.30%	14.40%

Returns By Period

The year-to-date returns for both investments are quite close, with GATEX having a -3.07% return and JHQDX slightly higher at -3.02%.

GATEX

• 1D: 1.73%
• 1M: -3.64%
• YTD: -3.07%
• 6M: -0.69%
• 1Y: 9.62%
• 3Y*: 10.30%
• 5Y*: 5.86%
• 10Y*: 6.13%

JHQDX

• 1D: 1.10%
• 1M: -3.65%
• YTD: -3.02%
• 6M: -1.43%
• 1Y: 6.55%
• 3Y*: 9.71%
• 5Y*: 6.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GATEX vs. JHQDX - Expense Ratio Comparison

GATEX has a 0.93% expense ratio, which is higher than JHQDX's 0.60% expense ratio.

GATEX

Gateway Fund

JHQDX

JPMorgan Hedged Equity 2 Fund Class I

Return for Risk

GATEX vs. JHQDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GATEX

GATEX Risk / Return Rank: 37
GATEX Sharpe Ratio Rank: 45
GATEX Sortino Ratio Rank: 57
GATEX Omega Ratio Rank: 57
GATEX Calmar Ratio Rank: 12
GATEX Martin Ratio Rank: 13

JHQDX

JHQDX Risk / Return Rank: 41
JHQDX Sharpe Ratio Rank: 37
JHQDX Sortino Ratio Rank: 35
JHQDX Omega Ratio Rank: 35
JHQDX Calmar Ratio Rank: 48
JHQDX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GATEX vs. JHQDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gateway Fund (GATEX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). 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.

	GATEX	JHQDX	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.85	+0.12
Sortino ratio Return per unit of downside risk	1.60	1.24	+0.36
Omega ratio Gain probability vs. loss probability	1.24	1.18	+0.06
Calmar ratio Return relative to maximum drawdown	0.38	1.27	-0.89
Martin ratio Return relative to average drawdown	1.46	5.49	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GATEX vs. JHQDX - Sharpe Ratio Comparison

The current GATEX Sharpe Ratio is 0.97, which is comparable to the JHQDX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of GATEX and JHQDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GATEX	JHQDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.85	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.74	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.80	-0.29

Correlation

The correlation between GATEX and JHQDX is 0.83, 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

GATEX vs. JHQDX - Dividend Comparison

GATEX's dividend yield for the trailing twelve months is around 0.19%, less than JHQDX's 0.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GATEX Gateway Fund	0.19%	0.22%	0.42%	0.67%	0.63%	0.43%	0.83%	1.09%	1.15%	1.01%	1.36%	1.84%
JHQDX JPMorgan Hedged Equity 2 Fund Class I	0.51%	0.50%	0.75%	0.96%	6.91%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GATEX vs. JHQDX - Drawdown Comparison

The maximum GATEX drawdown since its inception was -29.74%, which is greater than JHQDX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for GATEX and JHQDX.

Drawdown Indicators

	GATEX	JHQDX	Difference
Max Drawdown Largest peak-to-trough decline	-29.74%	-15.25%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-5.41%	-1.62%
Max Drawdown (5Y) Largest decline over 5 years	-16.39%	-15.25%	-1.14%
Max Drawdown (10Y) Largest decline over 10 years	-16.39%	—	—
Current Drawdown Current decline from peak	-4.38%	-4.37%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.91%	-3.32%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.26%	+1.77%

Volatility

GATEX vs. JHQDX - Volatility Comparison

Gateway Fund (GATEX) has a higher volatility of 2.91% compared to JPMorgan Hedged Equity 2 Fund Class I (JHQDX) at 2.60%. This indicates that GATEX's price experiences larger fluctuations and is considered to be riskier than JHQDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GATEX	JHQDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	2.60%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	5.83%	5.55%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	7.82%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	8.74%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.88%	8.70%	+0.18%