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 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.
Performance
HLEIX vs. PRWAX - Performance Comparison
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HLEIX vs. PRWAX - 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -12.37% | 26.78% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Returns By Period
In the year-to-date period, HLEIX achieves a -7.31% return, which is significantly higher than PRWAX's -12.37% return. Over the past 10 years, HLEIX has underperformed PRWAX with an annualized return of 13.50%, while PRWAX has yielded a comparatively higher 16.95% 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%
PRWAX
- 1D
- -0.24%
- 1M
- -9.15%
- YTD
- -12.37%
- 6M
- -3.78%
- 1Y
- 16.34%
- 3Y*
- 18.79%
- 5Y*
- 10.36%
- 10Y*
- 16.95%
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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.
Return for Risk
HLEIX vs. PRWAX — Risk / Return Rank
HLEIX
PRWAX
HLEIX vs. PRWAX - Risk-Adjusted Trends 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.
| HLEIX | PRWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.87 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.42 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.02 | 0.00 |
Martin ratioReturn relative to average drawdown | 4.93 | 3.79 | +1.14 |
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 | PRWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.87 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.58 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.90 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.59 | -0.03 |
Correlation
The correlation between HLEIX and PRWAX 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. PRWAX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.99%, less than PRWAX's 19.01% 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 19.01% | 16.66% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Drawdowns
HLEIX vs. PRWAX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, 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.
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Drawdown Indicators
| HLEIX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -55.06% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -14.05% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -29.38% | +4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | -30.50% | -3.23% |
Current DrawdownCurrent decline from peak | -9.14% | -14.05% | +4.91% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -9.92% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.79% | -1.29% |
Volatility
HLEIX vs. PRWAX - Volatility Comparison
The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 4.33%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.90%. This indicates that HLEIX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLEIX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.90% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 12.45% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 19.42% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 17.88% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 18.82% | -0.79% |