HLGEX vs. XMHQ
Compare and contrast key facts about JPMorgan Mid Cap Growth Fund (HLGEX) and Invesco S&P MidCap Quality ETF (XMHQ).
HLGEX is managed by JPMorgan Chase. It was launched on Mar 2, 1989. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLGEX or XMHQ.
Correlation
The correlation between HLGEX and XMHQ is 0.78, 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. XMHQ - Performance Comparison
Key characteristics
HLGEX:
0.44
XMHQ:
1.07
HLGEX:
0.68
XMHQ:
1.59
HLGEX:
1.09
XMHQ:
1.19
HLGEX:
0.30
XMHQ:
1.89
HLGEX:
2.08
XMHQ:
4.48
HLGEX:
3.83%
XMHQ:
4.36%
HLGEX:
18.07%
XMHQ:
18.24%
HLGEX:
-67.69%
XMHQ:
-58.19%
HLGEX:
-17.67%
XMHQ:
-8.41%
Returns By Period
In the year-to-date period, HLGEX achieves a 7.57% return, which is significantly lower than XMHQ's 18.56% return. Over the past 10 years, HLGEX has underperformed XMHQ with an annualized return of 5.90%, while XMHQ has yielded a comparatively higher 11.61% annualized return.
HLGEX
7.57%
-8.35%
1.72%
10.07%
5.38%
5.90%
XMHQ
18.56%
-2.05%
2.32%
19.52%
15.57%
11.61%
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HLGEX vs. XMHQ - Expense Ratio Comparison
HLGEX has a 0.89% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
HLGEX vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Growth Fund (HLGEX) and Invesco S&P MidCap Quality ETF (XMHQ). 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. XMHQ - Dividend Comparison
HLGEX has not paid dividends to shareholders, while XMHQ's dividend yield for the trailing twelve months is around 4.92%.
| 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% |
XMHQ Invesco S&P MidCap Quality ETF | 4.92% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
Drawdowns
HLGEX vs. XMHQ - Drawdown Comparison
The maximum HLGEX drawdown since its inception was -67.69%, which is greater than XMHQ's maximum drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for HLGEX and XMHQ. For additional features, visit the drawdowns tool.
Volatility
HLGEX vs. XMHQ - Volatility Comparison
JPMorgan Mid Cap Growth Fund (HLGEX) has a higher volatility of 9.48% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 6.16%. This indicates that HLGEX's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.