HLEIX vs. JPM
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 14.75%/yr vs 21.80%/yr for JPM. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
HLEIX vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, HLEIX achieves a 8.99% return, which is significantly lower than JPM's 10.73% return. Over the past 10 years, HLEIX has underperformed JPM with an annualized return of 14.75%, while JPM has yielded a comparatively higher 21.80% annualized return.
HLEIX
- 1D
- 1.66%
- 1M
- -0.57%
- 6M
- 7.45%
- YTD
- 8.99%
- 1Y
- 20.13%
- 3Y*
- 18.72%
- 5Y*
- 12.41%
- 10Y*
- 14.75%
- ALL TIME*
- 10.56%
JPM
- 1D
- 0.27%
- 1M
- 5.65%
- 6M
- 16.11%
- YTD
- 10.73%
- 1Y
- 23.90%
- 3Y*
- 33.72%
- 5Y*
- 21.31%
- 10Y*
- 21.80%
- ALL TIME*
- 12.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.69B | $3.19B | $3.04B |
HLEIX vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 8.99% | 17.65% | 24.78% | 26.02% | -18.29% | 28.44% | 18.19% | 31.23% | -4.62% | 21.62% |
JPM JPMorgan Chase & Co. | 10.73% | 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 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 1991 | 0.65 |
Over the past year, the correlation between HLEIX and JPM has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
HLEIX vs. JPM — Risk / Return Rank
HLEIX
JPM
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 ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.36 | +0.59 |
| Martin ratioReturn relative to average drawdown | 8.49 | 3.24 | +5.25 |
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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.
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Drawdown Indicators
| HLEIX | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -2.13% | -1.54% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -17.56% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.51% | -4.41% |
Volatility
HLEIX vs. JPM - Volatility Comparison
The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 3.45%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.60%. 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.
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Volatility by Period
| HLEIX | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 6.60% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 16.70% | -6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 22.50% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 24.46% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 27.33% | -9.26% |
Dividends
HLEIX vs. JPM - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.86%, less than JPM's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.86% | 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. | 1.71% | 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
HLEIX and JPM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.60%) compared to HLEIX (3.45%). In terms of maximum drawdown, HLEIX dropped -55.22% vs JPM's -76.16%.
HLEIX currently has the higher Sharpe Ratio (1.39 vs 0.94), 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.
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