HLEIX vs. TANDX
HLEIX (JPMorgan Equity Index Fund Class I) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, HLEIX returned 12.57%/yr vs 2.24%/yr for TANDX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. HLEIX charges 0.38%/yr vs 1.59%/yr for TANDX.
Performance
HLEIX vs. TANDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HLEIX achieves a 9.75% return, which is significantly higher than TANDX's -7.03% return.
HLEIX
- 1D
- 0.70%
- 1M
- 0.12%
- 6M
- 7.62%
- YTD
- 9.75%
- 1Y
- 20.97%
- 3Y*
- 19.10%
- 5Y*
- 12.57%
- 10Y*
- 14.90%
- ALL TIME*
- 10.58%
TANDX
- 1D
- -0.31%
- 1M
- 2.80%
- 6M
- -6.04%
- YTD
- -7.03%
- 1Y
- -7.70%
- 3Y*
- 1.85%
- 5Y*
- 2.24%
- 10Y*
- —
- ALL TIME*
- 6.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
HLEIX vs. TANDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 9.75% | 17.65% | 24.78% | 26.02% | -18.29% | 28.44% | 18.19% | 14.73% |
TANDX Castle Tandem Fund | -7.03% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 13.39% | 12.57% |
Correlation
The correlation between HLEIX and TANDX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.74 |
Over the past year, the correlation between HLEIX and TANDX has dropped to 0.32 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HLEIX vs. TANDX — Risk / Return Rank
HLEIX
TANDX
HLEIX vs. TANDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and Castle Tandem Fund (TANDX). 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 | TANDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.88 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.50 | +2.59 |
| Martin ratioReturn relative to average drawdown | 9.09 | -0.95 | +10.04 |
Loading charts...
Drawdowns
HLEIX vs. TANDX - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, smaller than the maximum TANDX drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for HLEIX and TANDX.
Loading charts...
Drawdown Indicators
| HLEIX | TANDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.22% | -93.98% | +38.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -16.88% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -93.98% | +75.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -93.98% | +69.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -93.50% | +92.05% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -21.88% | +13.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 8.82% | -6.72% |
Volatility
HLEIX vs. TANDX - Volatility Comparison
The current volatility for JPMorgan Equity Index Fund Class I (HLEIX) is 3.52%, while Castle Tandem Fund (TANDX) has a volatility of 4.65%. This indicates that HLEIX experiences smaller price fluctuations and is considered to be less risky than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HLEIX | TANDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 4.65% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 8.74% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 10.67% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 595.81% | -578.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 491.02% | -472.95% |
HLEIX vs. TANDX - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is lower than TANDX's 1.59% expense ratio.
Dividends
HLEIX vs. TANDX - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 0.85%, less than TANDX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.85% | 1.12% | 1.09% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 20.30% |
TANDX Castle Tandem Fund | 6.64% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HLEIX and TANDX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TANDX has higher volatility (4.65%) compared to HLEIX (3.52%). In terms of maximum drawdown, HLEIX dropped -55.22% vs TANDX's -93.98%.
HLEIX currently has the higher Sharpe Ratio (1.48 vs -0.78), 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.
Find the right allocation for HLEIX and TANDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer