HLEIX vs. FEQHX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and Fidelity Hedged Equity Fund (FEQHX).
HLEIX is a passively managed fund by JPMorgan that tracks the performance of the S&P 500 Index. It was launched on Jul 2, 1991. FEQHX is an actively managed fund by Fidelity. It was launched on Sep 8, 2022.
Performance
HLEIX vs. FEQHX - Performance Comparison
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HLEIX vs. FEQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | -7.31% | 17.65% | 24.78% | 26.02% | -3.70% |
FEQHX Fidelity Hedged Equity Fund | -5.70% | 13.61% | 19.46% | 17.65% | -4.85% |
Returns By Period
In the year-to-date period, HLEIX achieves a -7.31% return, which is significantly lower than FEQHX's -5.70% return.
HLEIX
- 1D
- -0.40%
- 1M
- -7.91%
- YTD
- -7.31%
- 6M
- -4.91%
- 1Y
- 13.97%
- 3Y*
- 16.86%
- 5Y*
- 11.14%
- 10Y*
- 13.50%
FEQHX
- 1D
- -0.50%
- 1M
- -5.64%
- YTD
- -5.70%
- 6M
- -4.85%
- 1Y
- 11.36%
- 3Y*
- 13.03%
- 5Y*
- —
- 10Y*
- —
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HLEIX vs. FEQHX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is lower than FEQHX's 0.55% expense ratio.
Return for Risk
HLEIX vs. FEQHX — Risk / Return Rank
HLEIX
FEQHX
HLEIX vs. FEQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and Fidelity Hedged Equity Fund (FEQHX). 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.
| HLEIX | FEQHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.08 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.62 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.38 | -0.36 |
Martin ratioReturn relative to average drawdown | 4.93 | 5.57 | -0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLEIX | FEQHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.08 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.95 | -0.39 |
Correlation
The correlation between HLEIX and FEQHX is 0.98, 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
HLEIX vs. FEQHX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.99%, more than FEQHX's 0.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.99% | 1.12% | 1.09% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 20.30% |
FEQHX Fidelity Hedged Equity Fund | 0.46% | 0.43% | 0.61% | 0.77% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HLEIX vs. FEQHX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, which is greater than FEQHX's maximum drawdown of -10.42%. Use the drawdown chart below to compare losses from any high point for HLEIX and FEQHX.
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Drawdown Indicators
| HLEIX | FEQHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -10.42% | -44.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -7.40% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | — | — |
Current DrawdownCurrent decline from peak | -9.14% | -7.40% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -2.28% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.84% | +0.66% |
Volatility
HLEIX vs. FEQHX - Volatility Comparison
JPMorgan Equity Index Fund Class I (HLEIX) has a higher volatility of 4.33% compared to Fidelity Hedged Equity Fund (FEQHX) at 2.43%. This indicates that HLEIX's price experiences larger fluctuations and is considered to be riskier than FEQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLEIX | FEQHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.43% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 6.64% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 10.94% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 11.26% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 11.26% | +6.77% |