HLEIX vs. JPM
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and JPMorgan Chase & Co. (JPM).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLEIX or JPM.
Key characteristics
| HLEIX | JPM | |
|---|---|---|
| YTD Return | 11.58% | 20.46% |
| 1Y Return | 29.10% | 50.12% |
| 3Y Return (Ann) | 9.85% | 10.19% |
| 5Y Return (Ann) | 14.81% | 16.24% |
| 10Y Return (Ann) | 10.87% | 17.42% |
| Sharpe Ratio | 2.64 | 3.34 |
| Daily Std Dev | 11.61% | 16.40% |
| Max Drawdown | -55.22% | -74.02% |
| Current Drawdown | -0.19% | 0.00% |
Correlation
The correlation between HLEIX and JPM is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HLEIX vs. JPM - Performance Comparison
In the year-to-date period, HLEIX achieves a 11.58% return, which is significantly lower than JPM's 20.46% return. Over the past 10 years, HLEIX has underperformed JPM with an annualized return of 10.87%, while JPM has yielded a comparatively higher 17.42% 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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Risk-Adjusted Performance
HLEIX vs. JPM - Risk-Adjusted Performance 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.
Dividends
HLEIX vs. JPM - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 1.19%, less than JPM's 2.10% 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% |
JPM JPMorgan Chase & Co. | 2.10% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% | 2.49% | 2.33% |
Drawdowns
HLEIX vs. JPM - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, smaller than the maximum JPM drawdown of -74.02%. Use the drawdown chart below to compare losses from any high point for HLEIX and JPM. For additional features, visit the drawdowns tool.
Volatility
HLEIX vs. JPM - Volatility Comparison
The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 3.40%, while JPMorgan Chase & Co. (JPM) has a volatility of 3.98%. 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.