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 | 7.76% | 11.81% |
1Y Return | 26.54% | 31.01% |
3Y Return (Ann) | 2.45% | 9.97% |
5Y Return (Ann) | 12.70% | 15.01% |
10Y Return (Ann) | 12.05% | 12.94% |
Sharpe Ratio | 1.64 | 2.61 |
Daily Std Dev | 15.18% | 11.55% |
Max Drawdown | -57.65% | -55.19% |
Current Drawdown | -8.91% | 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 7.76% return, which is significantly lower than SPY's 11.81% return. Over the past 10 years, HLGEX has underperformed SPY with an annualized return of 12.05%, while SPY has yielded a comparatively higher 12.94% 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 1.27%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan Mid Cap Growth Fund | 0.00% | 0.00% | 0.79% | 8.87% | 10.61% | 7.29% | 7.26% | 6.41% | 0.04% | 5.32% | 9.91% | 9.97% |
SPDR S&P 500 ETF | 1.27% | 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 -57.65%, roughly equal to the maximum SPY 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 4.36% compared to SPDR S&P 500 ETF (SPY) at 3.48%. 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.