PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GAUG vs. JHEQX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GAUG vs. JHEQX

Last updated Apr 2, 2026

Compare and contrast key facts about FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) and JPMorgan Hedged Equity Fund Class I (JHEQX).

GAUG is a passively managed fund by FT Vest that tracks the performance of the S&P 500. It was launched on Aug 17, 2023. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.

Performance

GAUG vs. JHEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) and JPMorgan Hedged Equity Fund Class I (JHEQX). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

GAUG vs. JHEQX - Yearly Performance Comparison

2026 (YTD)202520242023
GAUG
FT Cboe Vest U.S. Equity Moderate Buffer ETF - August		-0.95%11.28%11.78%5.84%
JHEQX
JPMorgan Hedged Equity Fund Class I		-4.94%7.49%18.23%2.80%

Returns By Period

In the year-to-date period, GAUG achieves a -0.95% return, which is significantly higher than JHEQX's -4.94% return.

GAUG

1D
0.46%
1M
-1.72%
YTD
-0.95%
6M
0.60%
1Y
11.73%
3Y*
—
5Y*
—
10Y*
—

JHEQX

1D
0.75%
1M
-5.47%
YTD
-4.94%
6M
-2.73%
1Y
7.14%
3Y*
9.50%
5Y*
6.83%
10Y*
8.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FT Cboe Vest U.S. Equity Moderate Buffer ETF - August

JPMorgan Hedged Equity Fund Class I

Often compared with GAUG:
GAUG vs. SPQH.DEGAUG vs. SPYGAUG vs. ^SP600GAUG vs. JEPIGAUG vs. MVOL.LGAUG vs. PUTWGAUG vs. XYLD
Often compared with JHEQX:
JHEQX vs. JEPIJHEQX vs. SPYJHEQX vs. JHQDXJHEQX vs. BUFRJHEQX vs. ^GSPCJHEQX vs. CMNIXJHEQX vs. LCSIX

GAUG vs. JHEQX - Expense Ratio Comparison

GAUG has a 0.85% expense ratio, which is higher than JHEQX's 0.58% expense ratio.

GAUG
FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
JHEQX
JPMorgan Hedged Equity Fund Class I

Return for Risk

GAUG vs. JHEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GAUG
GAUG Risk / Return Rank: 6969
Overall Rank
GAUG Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
GAUG Sortino Ratio Rank: 6868
Sortino Ratio Rank
GAUG Omega Ratio Rank: 7474
Omega Ratio Rank
GAUG Calmar Ratio Rank: 6060
Calmar Ratio Rank
GAUG Martin Ratio Rank: 7979
Martin Ratio Rank
JHEQX
JHEQX Risk / Return Rank: 3434
Overall Rank
JHEQX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
JHEQX Sortino Ratio Rank: 2929
Sortino Ratio Rank
JHEQX Omega Ratio Rank: 3333
Omega Ratio Rank
JHEQX Calmar Ratio Rank: 4040
Calmar Ratio Rank
JHEQX Martin Ratio Rank: 4242
Martin Ratio Rank
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.

GAUG vs. JHEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) 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.

GAUGJHEQXDifference

Sharpe ratio

Return per unit of total volatility

1.19

0.72

+0.47

Sortino ratio

Return per unit of downside risk

1.81

1.10

+0.70

Omega ratio

Gain probability vs. loss probability

1.29

1.17

+0.12

Calmar ratio

Return relative to maximum drawdown

1.67

1.07

+0.60

Martin ratio

Return relative to average drawdown

9.33

4.43

+4.89

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAUG vs. JHEQX - Sharpe Ratio Comparison

The current GAUG Sharpe Ratio is 1.19, which is higher than the JHEQX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of GAUG and JHEQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

GAUGJHEQXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

0.72

+0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.77

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.93

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.40

0.84

+0.56

Correlation

The correlation between GAUG and JHEQX is 0.88, 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

GAUG vs. JHEQX - Dividend Comparison

GAUG has not paid dividends to shareholders, while JHEQX's dividend yield for the trailing twelve months is around 0.64%.

TTM20252024202320222021202020192018201720162015
GAUG
FT Cboe Vest U.S. Equity Moderate Buffer ETF - August		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JHEQX
JPMorgan Hedged Equity Fund Class I		0.64%0.65%0.75%0.98%0.99%0.71%1.11%1.11%1.13%0.99%1.35%1.21%

Drawdowns

GAUG vs. JHEQX - Drawdown Comparison

The maximum GAUG drawdown since its inception was -10.08%, smaller than the maximum JHEQX drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for GAUG and JHEQX.

Loading graphics...

Drawdown Indicators

GAUGJHEQXDifference

Max Drawdown

Largest peak-to-trough decline

-10.08%

-18.85%

+8.77%

Max Drawdown (1Y)

Largest decline over 1 year

-7.14%

-6.92%

-0.22%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.34%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.85%

—

Current Drawdown

Current decline from peak

-2.00%

-6.19%

+4.19%

Average Drawdown

Average peak-to-trough decline

-0.76%

-2.16%

+1.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.28%

1.67%

-0.39%

Volatility

GAUG vs. JHEQX - Volatility Comparison

FT Cboe Vest U.S. Equity Moderate Buffer ETF - August (GAUG) has a higher volatility of 3.03% compared to JPMorgan Hedged Equity Fund Class I (JHEQX) at 2.81%. This indicates that GAUG's price experiences larger fluctuations and is considered to be riskier than JHEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

GAUGJHEQXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.03%

2.81%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

4.68%

5.56%

-0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

9.93%

10.23%

-0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.68%

8.89%

-1.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.68%

9.41%

-1.73%