HLGEX vs. RIPIX
HLGEX (JPMorgan Mid Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, HLGEX returned 4.74%/yr vs -4.67%/yr for RIPIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. HLGEX charges 0.89%/yr vs 1.04%/yr for RIPIX.
Performance
HLGEX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HLGEX achieves a 4.17% return, which is significantly higher than RIPIX's 2.31% return.
HLGEX
- 1D
- 2.16%
- 1M
- -3.28%
- 6M
- 4.72%
- YTD
- 4.17%
- 1Y
- 3.02%
- 3Y*
- 14.25%
- 5Y*
- 4.74%
- 10Y*
- 13.21%
- ALL TIME*
- 10.79%
RIPIX
- 1D
- 1.18%
- 1M
- 0.23%
- 6M
- 2.48%
- YTD
- 2.31%
- 1Y
- -2.85%
- 3Y*
- 3.08%
- 5Y*
- -4.67%
- 10Y*
- —
- ALL TIME*
- 2.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HLGEX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 4.17% | 8.65% | 22.80% | 23.11% | -27.08% | 10.67% | 48.33% | 39.73% | -11.28% |
RIPIX Royce International Premier Fund Institutional Class | 2.31% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between HLGEX and RIPIX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.62 |
The correlation between HLGEX and RIPIX has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
HLGEX vs. RIPIX — Risk / Return Rank
HLGEX
RIPIX
HLGEX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Growth Fund (HLGEX) and Royce International Premier Fund Institutional Class (RIPIX). 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.
| HLGEX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.15 | +0.47 |
| Martin ratioReturn relative to average drawdown | 0.94 | -0.37 | +1.30 |
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Drawdowns
HLGEX vs. RIPIX - Drawdown Comparison
The maximum HLGEX drawdown since its inception was -57.65%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for HLGEX and RIPIX.
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Drawdown Indicators
| HLGEX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.65% | -41.89% | -15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -15.33% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -25.50% | -17.28% | -8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -41.89% | +4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | — | — |
Current DrawdownCurrent decline from peak | -6.04% | -24.58% | +18.54% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -18.16% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 6.22% | -1.39% |
Volatility
HLGEX vs. RIPIX - Volatility Comparison
JPMorgan Mid Cap Growth Fund (HLGEX) has a higher volatility of 6.20% compared to Royce International Premier Fund Institutional Class (RIPIX) at 4.61%. This indicates that HLGEX's price experiences larger fluctuations and is considered to be riskier than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLGEX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 4.61% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 11.52% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 13.87% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 15.55% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.03% | 16.13% | +5.90% |
HLGEX vs. RIPIX - Expense Ratio Comparison
HLGEX has a 0.89% expense ratio, which is lower than RIPIX's 1.04% expense ratio.
Dividends
HLGEX vs. RIPIX - Dividend Comparison
HLGEX's dividend yield for the trailing twelve months is around 9.05%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 9.05% | 9.43% | 14.70% | 0.00% | 0.79% | 8.87% | 10.61% | 7.29% | 7.26% | 6.41% | 0.04% | 5.32% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HLGEX and RIPIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLGEX has higher volatility (6.20%) compared to RIPIX (4.61%). In terms of maximum drawdown, HLGEX dropped -57.65% vs RIPIX's -41.89%.
HLGEX currently has the higher Sharpe Ratio (0.24 vs -0.16), 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.
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