HLEIX vs. QUERX
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and AQR Large Cap Defensive Style Fund Class R6 (QUERX).
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. QUERX is an actively managed fund by AQR Funds. It was launched on Jul 9, 2012.
Performance
HLEIX vs. QUERX - Performance Comparison
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HLEIX vs. QUERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | -4.60% | 17.65% | 24.78% | 26.02% | -18.29% | 28.44% | 18.19% | 31.23% | -4.62% | 21.62% |
QUERX AQR Large Cap Defensive Style Fund Class R6 | 1.76% | 6.98% | 13.98% | 9.55% | -13.73% | 23.56% | 13.20% | 28.82% | -0.21% | 22.22% |
Returns By Period
In the year-to-date period, HLEIX achieves a -4.60% return, which is significantly lower than QUERX's 1.76% return. Over the past 10 years, HLEIX has outperformed QUERX with an annualized return of 13.82%, while QUERX has yielded a comparatively lower 10.65% annualized return.
HLEIX
- 1D
- 2.93%
- 1M
- -5.26%
- YTD
- -4.60%
- 6M
- -2.45%
- 1Y
- 16.86%
- 3Y*
- 17.99%
- 5Y*
- 11.52%
- 10Y*
- 13.82%
QUERX
- 1D
- 0.96%
- 1M
- -4.33%
- YTD
- 1.76%
- 6M
- -0.27%
- 1Y
- 3.98%
- 3Y*
- 10.10%
- 5Y*
- 6.84%
- 10Y*
- 10.65%
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HLEIX vs. QUERX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is higher than QUERX's 0.31% expense ratio.
Return for Risk
HLEIX vs. QUERX — Risk / Return Rank
HLEIX
QUERX
HLEIX vs. QUERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and AQR Large Cap Defensive Style Fund Class R6 (QUERX). 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 | QUERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.34 | +0.61 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.56 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 0.45 | +1.03 |
Martin ratioReturn relative to average drawdown | 7.08 | 2.06 | +5.02 |
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 | QUERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.34 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.53 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.70 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.70 | -0.14 |
Correlation
The correlation between HLEIX and QUERX 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. QUERX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.96%, less than QUERX's 22.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.96% | 1.12% | 1.09% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 20.30% |
QUERX AQR Large Cap Defensive Style Fund Class R6 | 22.46% | 22.86% | 24.47% | 24.43% | 10.37% | 2.62% | 1.37% | 1.18% | 1.74% | 2.45% | 2.06% | 6.28% |
Drawdowns
HLEIX vs. QUERX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, which is greater than QUERX's maximum drawdown of -30.81%. Use the drawdown chart below to compare losses from any high point for HLEIX and QUERX.
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Drawdown Indicators
| HLEIX | QUERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -30.81% | -24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -8.92% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -22.04% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | -30.81% | -2.92% |
Current DrawdownCurrent decline from peak | -6.48% | -4.33% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -3.95% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.95% | +0.59% |
Volatility
HLEIX vs. QUERX - Volatility Comparison
JPMorgan Equity Index Fund Class I (HLEIX) has a higher volatility of 5.42% compared to AQR Large Cap Defensive Style Fund Class R6 (QUERX) at 2.81%. This indicates that HLEIX's price experiences larger fluctuations and is considered to be riskier than QUERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLEIX | QUERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 2.81% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 5.75% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 12.05% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 13.08% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 15.23% | +2.82% |