HLEIX vs. FNCMX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and Fidelity NASDAQ Composite Index Fund (FNCMX).
HLEIX is a passively managed fund by JPMorgan Chase that tracks the performance of the S&P 500 Index. It was launched on Jul 2, 1991. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLEIX or FNCMX.
Correlation
The correlation between HLEIX and FNCMX is 0.92, 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.
Performance
HLEIX vs. FNCMX - Performance Comparison
Key characteristics
HLEIX:
1.88
FNCMX:
1.48
HLEIX:
2.54
FNCMX:
1.99
HLEIX:
1.34
FNCMX:
1.27
HLEIX:
2.84
FNCMX:
2.07
HLEIX:
11.75
FNCMX:
7.42
HLEIX:
2.05%
FNCMX:
3.66%
HLEIX:
12.79%
FNCMX:
18.45%
HLEIX:
-54.87%
FNCMX:
-55.71%
HLEIX:
0.00%
FNCMX:
-0.62%
Returns By Period
In the year-to-date period, HLEIX achieves a 4.35% return, which is significantly higher than FNCMX's 3.83% return. Over the past 10 years, HLEIX has underperformed FNCMX with an annualized return of 10.00%, while FNCMX has yielded a comparatively higher 15.47% annualized return.
HLEIX
4.35%
2.30%
10.12%
23.88%
13.99%
10.00%
FNCMX
3.83%
2.12%
12.75%
27.81%
16.55%
15.47%
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HLEIX vs. FNCMX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
HLEIX vs. FNCMX — Risk-Adjusted Performance Rank
HLEIX
FNCMX
HLEIX vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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
HLEIX vs. FNCMX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 1.05%, more than FNCMX's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 1.05% | 1.09% | 1.32% | 1.48% | 1.08% | 1.58% | 1.84% | 1.79% | 2.12% | 2.01% | 2.36% | 1.82% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.58% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% |
Drawdowns
HLEIX vs. FNCMX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -54.87%, roughly equal to the maximum FNCMX drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for HLEIX and FNCMX. For additional features, visit the drawdowns tool.
Volatility
HLEIX vs. FNCMX - Volatility Comparison
The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 3.19%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.32%. This indicates that HLEIX experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.