HLEIX vs. JPM

Last updated Jun 24, 2026

HLEIX (JPMorgan Equity Index Fund Class I) is Large Cap Blend Equities fund tracking the S&P 500 Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, HLEIX returned 15.54%/yr vs 22.02%/yr for JPM. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

HLEIX vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Index Fund Class I (HLEIX) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLEIX achieves a 9.44% return, which is significantly higher than JPM's 4.70% return. Over the past 10 years, HLEIX has underperformed JPM with an annualized return of 15.54%, while JPM has yielded a comparatively higher 22.02% annualized return.

HLEIX

• 1D: -0.36%
• 1M: 0.08%
• YTD: 9.44%
• 6M: 8.44%
• 1Y: 25.00%
• 3Y*: 21.08%
• 5Y*: 13.33%
• 10Y*: 15.54%

JPM

• 1D: 0.80%
• 1M: 9.06%
• YTD: 4.70%
• 6M: 3.51%
• 1Y: 22.41%
• 3Y*: 37.10%
• 5Y*: 19.98%
• 10Y*: 22.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLEIX vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLEIX JPMorgan Equity Index Fund Class I	9.44%	17.65%	24.78%	26.02%	-18.29%	28.44%	18.19%	31.23%	-4.62%	21.62%
JPM JPMorgan Chase & Co.	4.70%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Correlation

The correlation between HLEIX and JPM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 2, 1991	0.65

The correlation between HLEIX and JPM shifts across timeframes, from 0.46 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HLEIX vs. JPM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLEIX

HLEIX Risk / Return Rank: 61
HLEIX Sharpe Ratio Rank: 60
HLEIX Sortino Ratio Rank: 55
HLEIX Omega Ratio Rank: 57
HLEIX Calmar Ratio Rank: 61
HLEIX Martin Ratio Rank: 74

JPM

JPM Risk / Return Rank: 68
JPM Sharpe Ratio Rank: 73
JPM Sortino Ratio Rank: 65
JPM Omega Ratio Rank: 65
JPM Calmar Ratio Rank: 69
JPM Martin Ratio Rank: 70

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.

HLEIX vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and JPMorgan Chase & Co. (JPM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HLEIX	JPM	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.02	+1.08
Sortino ratio: Return per unit of downside risk	2.84	1.45	+1.39
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.20
Calmar ratio: Return relative to maximum drawdown	2.88	1.46	+1.42
Martin ratio: Return relative to average drawdown	13.14	3.43	+9.71

HLEIX vs. JPM - Sharpe Ratio Comparison

The current HLEIX Sharpe Ratio is 2.10, which is higher than the JPM Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of HLEIX and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HLEIX vs. JPM - Drawdown Comparison

The maximum HLEIX drawdown since its inception was -55.22%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for HLEIX and JPM.

Drawdown Indicators

	HLEIX	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-55.22%	-76.16%	+20.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-15.47%	+6.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-24.42%	+5.65%
Max Drawdown (5Y) Largest decline over 5 years	-24.62%	-38.77%	+14.15%
Max Drawdown (10Y) Largest decline over 10 years	-33.73%	-43.63%	+9.90%
Current Drawdown Current decline from peak	-1.73%	0.00%	-1.73%
Average Drawdown Average peak-to-trough decline	-8.78%	-17.61%	+8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	6.55%	-4.55%

Volatility

HLEIX vs. JPM - Volatility Comparison

The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 4.67%, while JPMorgan Chase & Co. (JPM) has a volatility of 7.34%. This indicates that HLEIX experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLEIX	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	7.34%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	17.14%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	22.12%	-9.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	24.47%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	27.35%	-9.23%

Dividends

HLEIX vs. JPM - Dividend Comparison

HLEIX's dividend yield for the trailing twelve months is around 0.84%, less than JPM's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLEIX JPMorgan Equity Index Fund Class I	0.84%	1.12%	1.09%	1.32%	1.50%	2.39%	1.58%	2.02%	2.16%	2.46%	11.24%	20.30%
JPM JPMorgan Chase & Co.	1.77%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Frequently Asked Questions

Can I hold both HLEIX and JPM in my portfolio?

HLEIX and JPM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLEIX or JPM?

JPM has higher volatility (7.34%) compared to HLEIX (4.67%). In terms of maximum drawdown, HLEIX dropped -55.22% vs JPM's -76.16%.

Which has better risk-adjusted returns?

HLEIX currently has the higher Sharpe Ratio (2.10 vs 1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.