HLIEX vs. EQNIX
HLIEX (JPMorgan Equity Income Fund) and EQNIX (MFS Equity Income Fund) are both Dividend funds. Over the past 10 years, HLIEX returned 12.46%/yr vs 12.79%/yr for EQNIX. Their correlation of 0.92 means they have usually moved in the same direction. HLIEX charges 0.70%/yr vs 0.64%/yr for EQNIX.
Performance
HLIEX vs. EQNIX - Performance Comparison
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Returns By Period
In the year-to-date period, HLIEX achieves a 16.66% return, which is significantly lower than EQNIX's 17.78% return. Both investments have delivered pretty close results over the past 10 years, with HLIEX having a 12.46% annualized return and EQNIX not far ahead at 12.79%.
HLIEX
- 1D
- 0.81%
- 1M
- 1.62%
- 6M
- 11.61%
- YTD
- 16.66%
- 1Y
- 26.84%
- 3Y*
- 17.67%
- 5Y*
- 11.87%
- 10Y*
- 12.46%
- ALL TIME*
- 9.24%
EQNIX
- 1D
- 0.04%
- 1M
- 1.99%
- 6M
- 11.11%
- YTD
- 17.78%
- 1Y
- 28.36%
- 3Y*
- 17.61%
- 5Y*
- 12.34%
- 10Y*
- 12.79%
- ALL TIME*
- 12.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HLIEX vs. EQNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIEX JPMorgan Equity Income Fund | 16.66% | 14.67% | 19.67% | 4.79% | -1.88% | 25.10% | 3.61% | 26.30% | -4.45% | 17.55% |
EQNIX MFS Equity Income Fund | 17.78% | 16.90% | 12.89% | 16.23% | -6.97% | 26.35% | 8.59% | 25.72% | -7.55% | 19.34% |
Correlation
The correlation between HLIEX and EQNIX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.92 |
The correlation between HLIEX and EQNIX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
HLIEX vs. EQNIX — Risk / Return Rank
HLIEX
EQNIX
HLIEX vs. EQNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund (HLIEX) and MFS Equity Income Fund (EQNIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HLIEX | EQNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.41 | +0.21 |
| Martin ratioReturn relative to average drawdown | 14.06 | 13.77 | +0.30 |
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Drawdowns
HLIEX vs. EQNIX - Drawdown Comparison
The maximum HLIEX drawdown since its inception was -50.33%, which is greater than EQNIX's maximum drawdown of -36.60%. Use the drawdown chart below to compare losses from any high point for HLIEX and EQNIX.
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Drawdown Indicators
| HLIEX | EQNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.33% | -36.60% | -13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -7.94% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -16.26% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -18.64% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | -36.60% | -0.29% |
Current DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -3.41% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.96% | -0.14% |
Volatility
HLIEX vs. EQNIX - Volatility Comparison
JPMorgan Equity Income Fund (HLIEX) has a higher volatility of 2.83% compared to MFS Equity Income Fund (EQNIX) at 2.51%. This indicates that HLIEX's price experiences larger fluctuations and is considered to be riskier than EQNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIEX | EQNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.51% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 8.84% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 11.70% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 14.91% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 17.08% | -0.32% |
HLIEX vs. EQNIX - Expense Ratio Comparison
HLIEX has a 0.70% expense ratio, which is higher than EQNIX's 0.64% expense ratio.
Dividends
HLIEX vs. EQNIX - Dividend Comparison
HLIEX's dividend yield for the trailing twelve months is around 9.23%, less than EQNIX's 10.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNIX MFS Equity Income Fund | 10.33% | 12.17% | 6.60% | 4.05% | 6.24% | 8.38% | 3.71% | 2.29% | 7.27% | 4.75% | 2.42% | 2.89% |
HLIEX JPMorgan Equity Income Fund | 9.23% | 10.81% | 14.41% | 2.77% | 3.67% | 3.33% | 1.82% | 2.78% | 5.12% | 2.47% | 2.45% | 2.73% |
Frequently Asked Questions
HLIEX and EQNIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLIEX has higher volatility (2.83%) compared to EQNIX (2.51%). In terms of maximum drawdown, HLIEX dropped -50.33% vs EQNIX's -36.60%.
HLIEX currently has the higher Sharpe Ratio (2.43 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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