HLEIX vs. PRWAX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
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. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLEIX or PRWAX.
Correlation
The correlation between HLEIX and PRWAX is 0.90, 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.
Performance
HLEIX vs. PRWAX - Performance Comparison
Key characteristics
HLEIX:
0.53
PRWAX:
0.44
HLEIX:
0.86
PRWAX:
0.73
HLEIX:
1.13
PRWAX:
1.10
HLEIX:
0.55
PRWAX:
0.44
HLEIX:
2.24
PRWAX:
1.73
HLEIX:
4.56%
PRWAX:
4.83%
HLEIX:
19.45%
PRWAX:
19.23%
HLEIX:
-54.87%
PRWAX:
-55.06%
HLEIX:
-9.89%
PRWAX:
-9.79%
Returns By Period
In the year-to-date period, HLEIX achieves a -5.75% return, which is significantly lower than PRWAX's -4.98% return. Over the past 10 years, HLEIX has underperformed PRWAX with an annualized return of 8.83%, while PRWAX has yielded a comparatively higher 14.78% annualized return.
HLEIX
-5.75%
-3.21%
-4.34%
10.71%
15.53%
8.83%
PRWAX
-4.98%
-2.20%
-3.52%
9.17%
16.73%
14.78%
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HLEIX vs. PRWAX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
HLEIX vs. PRWAX — Risk-Adjusted Performance Rank
HLEIX
PRWAX
HLEIX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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. PRWAX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 1.17%, less than PRWAX's 9.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 1.17% | 1.09% | 1.32% | 1.48% | 1.08% | 1.58% | 1.84% | 1.79% | 2.12% | 2.01% | 2.36% | 1.82% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.71% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
HLEIX vs. PRWAX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -54.87%, roughly equal to the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for HLEIX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
HLEIX vs. PRWAX - Volatility Comparison
JPMorgan Equity Index Fund Class I (HLEIX) has a higher volatility of 14.23% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 13.19%. This indicates that HLEIX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.