HLGEX vs. SPY
Compare and contrast key facts about JPMorgan Mid Cap Growth Fund (HLGEX) and State Street SPDR S&P 500 ETF (SPY).
HLGEX is managed by JPMorgan. 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.
Performance
HLGEX vs. SPY - Performance Comparison
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HLGEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | -5.79% | 8.65% | 22.80% | 23.11% | -27.08% | 10.67% | 48.33% | 39.73% | -5.07% | 29.51% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, HLGEX achieves a -5.79% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, HLGEX has underperformed SPY with an annualized return of 12.70%, while SPY has yielded a comparatively higher 14.06% annualized return.
HLGEX
- 1D
- 3.94%
- 1M
- -6.15%
- YTD
- -5.79%
- 6M
- -8.32%
- 1Y
- 11.90%
- 3Y*
- 12.84%
- 5Y*
- 3.94%
- 10Y*
- 12.70%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
HLGEX vs. SPY — Risk / Return Rank
HLGEX
SPY
HLGEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Growth Fund (HLGEX) and State Street 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.
| HLGEX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.96 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.49 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.53 | -0.67 |
Martin ratioReturn relative to average drawdown | 2.75 | 7.27 | -4.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLGEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.96 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.70 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.79 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
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.
Dividends
HLGEX vs. SPY - Dividend Comparison
HLGEX's dividend yield for the trailing twelve months is around 10.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 10.01% | 9.43% | 14.70% | 0.00% | 0.79% | 8.87% | 10.61% | 7.29% | 7.26% | 6.41% | 0.04% | 5.32% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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.
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Drawdown Indicators
| HLGEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.65% | -55.19% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -12.05% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -24.50% | -12.66% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -33.72% | -3.44% |
Current DrawdownCurrent decline from peak | -10.81% | -5.53% | -5.28% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -9.09% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.54% | +1.92% |
Volatility
HLGEX vs. SPY - Volatility Comparison
JPMorgan Mid Cap Growth Fund (HLGEX) has a higher volatility of 7.64% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. 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.
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Volatility by Period
| HLGEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 5.35% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 9.50% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 19.06% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 17.06% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 17.92% | +3.98% |