HLEIX vs. PAGRX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and Permanent Portfolio Aggressive Growth Portfolio (PAGRX).
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. PAGRX is managed by Permanent Portfolio. It was launched on Jan 2, 1990.
Performance
HLEIX vs. PAGRX - Performance Comparison
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HLEIX vs. PAGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | -7.31% | 17.65% | 24.78% | 26.02% | -18.29% | 28.44% | 18.19% | 31.23% | -4.62% | 21.62% |
PAGRX Permanent Portfolio Aggressive Growth Portfolio | -3.85% | 36.92% | 44.52% | 38.73% | -26.06% | 24.84% | 37.65% | 40.34% | -12.41% | 21.19% |
Returns By Period
In the year-to-date period, HLEIX achieves a -7.31% return, which is significantly lower than PAGRX's -3.85% return. Over the past 10 years, HLEIX has underperformed PAGRX with an annualized return of 13.50%, while PAGRX has yielded a comparatively higher 18.68% annualized return.
HLEIX
- 1D
- -0.40%
- 1M
- -7.91%
- YTD
- -7.31%
- 6M
- -4.91%
- 1Y
- 13.97%
- 3Y*
- 16.86%
- 5Y*
- 11.14%
- 10Y*
- 13.50%
PAGRX
- 1D
- -1.68%
- 1M
- -8.33%
- YTD
- -3.85%
- 6M
- 0.87%
- 1Y
- 39.42%
- 3Y*
- 34.02%
- 5Y*
- 17.10%
- 10Y*
- 18.68%
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HLEIX vs. PAGRX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is lower than PAGRX's 1.21% expense ratio.
Return for Risk
HLEIX vs. PAGRX — Risk / Return Rank
HLEIX
PAGRX
HLEIX vs. PAGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and Permanent Portfolio Aggressive Growth Portfolio (PAGRX). 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 | PAGRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.55 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.26 | 2.25 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.59 | -1.58 |
Martin ratioReturn relative to average drawdown | 4.93 | 13.26 | -8.33 |
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 | PAGRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.55 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.70 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.77 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.52 | +0.04 |
Correlation
The correlation between HLEIX and PAGRX is 0.89, 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. PAGRX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.99%, more than PAGRX's 0.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.99% | 1.12% | 1.09% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 20.30% |
PAGRX Permanent Portfolio Aggressive Growth Portfolio | 0.03% | 0.03% | 5.62% | 2.72% | 7.79% | 6.82% | 15.08% | 17.51% | 12.33% | 8.70% | 16.94% | 6.31% |
Drawdowns
HLEIX vs. PAGRX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, roughly equal to the maximum PAGRX drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for HLEIX and PAGRX.
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Drawdown Indicators
| HLEIX | PAGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -55.87% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -13.80% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -36.52% | +11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | -38.01% | +4.28% |
Current DrawdownCurrent decline from peak | -9.14% | -9.14% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -10.09% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.70% | -0.20% |
Volatility
HLEIX vs. PAGRX - Volatility Comparison
The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 4.33%, while Permanent Portfolio Aggressive Growth Portfolio (PAGRX) has a volatility of 5.49%. This indicates that HLEIX experiences smaller price fluctuations and is considered to be less risky than PAGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLEIX | PAGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.49% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 13.43% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 25.49% | -7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 24.49% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 24.47% | -6.44% |