HLEIX vs. VOO
Compare and contrast key facts about JPMorgan Equity Index Fund Class I (HLEIX) and Vanguard S&P 500 ETF (VOO).
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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both HLEIX and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLEIX or VOO.
Key characteristics
| HLEIX | VOO | |
|---|---|---|
| YTD Return | 11.58% | 11.61% |
| 1Y Return | 29.10% | 29.33% |
| 3Y Return (Ann) | 9.85% | 10.04% |
| 5Y Return (Ann) | 14.81% | 15.01% |
| 10Y Return (Ann) | 10.87% | 12.96% |
| Sharpe Ratio | 2.64 | 2.66 |
| Daily Std Dev | 11.61% | 11.60% |
| Max Drawdown | -55.22% | -33.99% |
| Current Drawdown | -0.19% | -0.19% |
Correlation
The correlation between HLEIX and VOO is 1.00, 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. VOO - Performance Comparison
The year-to-date returns for both investments are quite close, with HLEIX having a 11.58% return and VOO slightly higher at 11.61%. Over the past 10 years, HLEIX has underperformed VOO with an annualized return of 10.87%, while VOO has yielded a comparatively higher 12.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HLEIX vs. VOO - Expense Ratio Comparison
HLEIX has a 0.38% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
HLEIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Index Fund Class I (HLEIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
HLEIX's dividend yield for the trailing twelve months is around 1.19%, less than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 1.19% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 2.36% | 9.01% | 7.55% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
HLEIX vs. VOO - Drawdown Comparison
The maximum HLEIX drawdown since its inception was -55.22%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HLEIX and VOO. For additional features, visit the drawdowns tool.
Volatility
HLEIX vs. VOO - Volatility Comparison
JPMorgan Equity Index Fund Class I (HLEIX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.40% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.