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:
0.30
HLGEX:
-0.46
SPY:
0.56
HLGEX:
0.94
SPY:
1.08
HLGEX:
-0.32
SPY:
0.31
HLGEX:
-1.11
SPY:
1.40
HLGEX:
9.89%
SPY:
4.18%
HLGEX:
24.92%
SPY:
19.64%
HLGEX:
-67.69%
SPY:
-55.19%
HLGEX:
-28.86%
SPY:
-13.86%
Returns By Period
In the year-to-date period, HLGEX achieves a -13.08% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, HLGEX has underperformed SPY with an annualized return of 3.60%, while SPY has yielded a comparatively higher 11.59% annualized return.
HLGEX
-13.08%
-5.64%
-16.74%
-10.14%
3.22%
3.60%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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 Rank
HLGEX
SPY
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 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 15.45% compared to SPDR S&P 500 ETF (SPY) at 14.52%. 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.