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.
Key characteristics
| HLGEX | XMHQ | |
|---|---|---|
| YTD Return | 7.16% | 22.35% |
| 1Y Return | 22.41% | 45.56% |
| 3Y Return (Ann) | 2.62% | 13.12% |
| 5Y Return (Ann) | 12.55% | 18.71% |
| 10Y Return (Ann) | 12.00% | 13.05% |
| Sharpe Ratio | 1.62 | 2.84 |
| Daily Std Dev | 15.10% | 16.85% |
| Max Drawdown | -57.65% | -58.19% |
| Current Drawdown | -9.41% | -1.56% |
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
In the year-to-date period, HLGEX achieves a 7.16% return, which is significantly lower than XMHQ's 22.35% return. Over the past 10 years, HLGEX has underperformed XMHQ with an annualized return of 12.00%, while XMHQ has yielded a comparatively higher 13.05% 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. 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 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX 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% |
XMHQ Invesco S&P MidCap Quality ETF | 0.59% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
Drawdowns
HLGEX vs. XMHQ - Drawdown Comparison
The maximum HLGEX drawdown since its inception was -57.65%, roughly equal to the maximum XMHQ 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) and Invesco S&P MidCap Quality ETF (XMHQ) have volatilities of 4.24% and 4.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.