HLEIX vs. JHEQX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
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. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
HLEIX vs. JHEQX - Performance Comparison
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HLEIX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | -4.60% | 17.65% | 24.78% | 26.02% | -18.29% | 28.44% | 18.19% | 31.23% | -4.62% | 21.62% |
JHEQX JPMorgan Hedged Equity Fund Class I | -4.94% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
Returns By Period
In the year-to-date period, HLEIX achieves a -4.60% return, which is significantly higher than JHEQX's -4.94% return. Over the past 10 years, HLEIX has outperformed JHEQX with an annualized return of 13.82%, while JHEQX has yielded a comparatively lower 8.72% annualized return.
HLEIX
- 1D
- 2.93%
- 1M
- -5.26%
- YTD
- -4.60%
- 6M
- -2.45%
- 1Y
- 16.86%
- 3Y*
- 17.99%
- 5Y*
- 11.52%
- 10Y*
- 13.82%
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%
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HLEIX vs. JHEQX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is lower than JHEQX's 0.58% expense ratio.
Return for Risk
HLEIX vs. JHEQX — Risk / Return Rank
HLEIX
JHEQX
HLEIX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) 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.
| HLEIX | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.72 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.10 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.07 | +0.41 |
Martin ratioReturn relative to average drawdown | 7.08 | 4.43 | +2.65 |
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 | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.72 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.77 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.93 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.84 | -0.27 |
Correlation
The correlation between HLEIX and JHEQX is 0.93, 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. JHEQX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.96%, more than JHEQX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.96% | 1.12% | 1.09% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 20.30% |
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
HLEIX vs. JHEQX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for HLEIX and JHEQX.
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Drawdown Indicators
| HLEIX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -18.85% | -36.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -6.92% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -14.34% | -10.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | -18.85% | -14.88% |
Current DrawdownCurrent decline from peak | -6.48% | -6.19% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -2.16% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.67% | +0.87% |
Volatility
HLEIX vs. JHEQX - Volatility Comparison
JPMorgan Equity Index Fund Class I (HLEIX) has a higher volatility of 5.42% compared to JPMorgan Hedged Equity Fund Class I (JHEQX) at 2.81%. This indicates that HLEIX'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.
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Volatility by Period
| HLEIX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 2.81% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 5.56% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 10.23% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 8.89% | +8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 9.41% | +8.64% |