HLGEX vs. SPY
Compare and contrast key facts about JPMorgan Mid Cap Growth Fund (HLGEX) and SPDR S&P 500 ETF (SPY).
HLGEX is managed by JPMorgan Chase. It was launched on Mar 2, 1989. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLGEX or SPY.
Key characteristics
| HLGEX | SPY | |
|---|---|---|
| YTD Return | 17.33% | 26.49% |
| 1Y Return | 33.84% | 38.06% |
| 3Y Return (Ann) | -3.38% | 9.93% |
| 5Y Return (Ann) | 7.04% | 15.84% |
| 10Y Return (Ann) | 5.99% | 13.32% |
| Sharpe Ratio | 2.13 | 3.11 |
| Sortino Ratio | 2.88 | 4.14 |
| Omega Ratio | 1.37 | 1.58 |
| Calmar Ratio | 1.02 | 4.54 |
| Martin Ratio | 9.91 | 20.57 |
| Ulcer Index | 3.43% | 1.86% |
| Daily Std Dev | 15.91% | 12.29% |
| Max Drawdown | -67.69% | -55.19% |
| Current Drawdown | -10.20% | 0.00% |
Correlation
The correlation between HLGEX and SPY is 0.84, 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
HLGEX vs. SPY - Performance Comparison
In the year-to-date period, HLGEX achieves a 17.33% return, which is significantly lower than SPY's 26.49% return. Over the past 10 years, HLGEX has underperformed SPY with an annualized return of 5.99%, while SPY has yielded a comparatively higher 13.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HLGEX vs. SPY - Expense Ratio Comparison
HLGEX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HLGEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Growth Fund (HLGEX) and SPDR S&P 500 ETF (SPY). 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
HLGEX vs. SPY - Dividend Comparison
HLGEX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HLGEX vs. SPY - Drawdown Comparison
The maximum HLGEX drawdown since its inception was -67.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HLGEX and SPY. For additional features, visit the drawdowns tool.
Volatility
HLGEX vs. SPY - Volatility Comparison
JPMorgan Mid Cap Growth Fund (HLGEX) has a higher volatility of 4.93% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that HLGEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.