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.
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
Key characteristics
HLGEX:
0.44
SPY:
2.17
HLGEX:
0.68
SPY:
2.88
HLGEX:
1.09
SPY:
1.41
HLGEX:
0.30
SPY:
3.19
HLGEX:
2.08
SPY:
14.10
HLGEX:
3.83%
SPY:
1.90%
HLGEX:
18.07%
SPY:
12.39%
HLGEX:
-67.69%
SPY:
-55.19%
HLGEX:
-17.67%
SPY:
-3.19%
Returns By Period
In the year-to-date period, HLGEX achieves a 7.57% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, HLGEX has underperformed SPY with an annualized return of 5.90%, while SPY has yielded a comparatively higher 12.92% annualized return.
HLGEX
7.57%
-8.35%
1.72%
10.07%
5.38%
5.90%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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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 0.87%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPDR S&P 500 ETF | 0.87% | 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 9.48% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.