HLEIX vs. HLIEX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and JPMorgan Equity Income Fund (HLIEX).
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. HLIEX is managed by JPMorgan Chase. It was launched on Jul 2, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLEIX or HLIEX.
Key characteristics
| HLEIX | HLIEX | |
|---|---|---|
| YTD Return | 11.58% | 7.53% |
| 1Y Return | 29.10% | 16.60% |
| 3Y Return (Ann) | 9.85% | 5.71% |
| 5Y Return (Ann) | 14.81% | 10.09% |
| 10Y Return (Ann) | 10.87% | 9.65% |
| Sharpe Ratio | 2.64 | 1.80 |
| Daily Std Dev | 11.61% | 10.09% |
| Max Drawdown | -55.22% | -53.56% |
| Current Drawdown | -0.19% | -0.08% |
Correlation
The correlation between HLEIX and HLIEX 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. HLIEX - Performance Comparison
In the year-to-date period, HLEIX achieves a 11.58% return, which is significantly higher than HLIEX's 7.53% return. Over the past 10 years, HLEIX has outperformed HLIEX with an annualized return of 10.87%, while HLIEX has yielded a comparatively lower 9.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HLEIX vs. HLIEX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is lower than HLIEX's 0.70% expense ratio.
Risk-Adjusted Performance
HLEIX vs. HLIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and JPMorgan Equity Income Fund (HLIEX). 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. HLIEX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 1.19%, less than HLIEX's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 1.19% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 2.36% | 9.01% | 7.55% |
HLIEX JPMorgan Equity Income Fund | 2.56% | 2.77% | 3.67% | 3.33% | 1.82% | 2.78% | 5.11% | 2.47% | 2.45% | 1.96% | 3.88% | 3.50% |
Drawdowns
HLEIX vs. HLIEX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, roughly equal to the maximum HLIEX drawdown of -53.56%. Use the drawdown chart below to compare losses from any high point for HLEIX and HLIEX. For additional features, visit the drawdowns tool.
Volatility
HLEIX vs. HLIEX - Volatility Comparison
JPMorgan Equity Index Fund Class I (HLEIX) has a higher volatility of 3.40% compared to JPMorgan Equity Income Fund (HLIEX) at 2.16%. This indicates that HLEIX's price experiences larger fluctuations and is considered to be riskier than HLIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.