HLIEX vs. NPRTX

Last updated Aug 1, 2026

HLIEX (JPMorgan Equity Income Fund) and NPRTX (Neuberger Berman Large Cap Value Fund) are both mutual funds - HLIEX is a Dividend fund managed by JPMorgan, while NPRTX is a Large Cap Value Equities fund managed by Neuberger Berman. Over the past 10 years, HLIEX returned 12.29%/yr vs 13.60%/yr for NPRTX. Their correlation of 0.85 means they have usually moved in the same direction. HLIEX charges 0.70%/yr vs 0.79%/yr for NPRTX.

Performance

HLIEX vs. NPRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund (HLIEX) and Neuberger Berman Large Cap Value Fund (NPRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLIEX achieves a 15.72% return, which is significantly lower than NPRTX's 20.16% return. Over the past 10 years, HLIEX has underperformed NPRTX with an annualized return of 12.29%, while NPRTX has yielded a comparatively higher 13.60% annualized return.

HLIEX

• 1D: 0.60%
• 1M: 0.80%
• 6M: 11.41%
• YTD: 15.72%
• 1Y: 25.82%
• 3Y*: 17.25%
• 5Y*: 11.69%
• 10Y*: 12.29%
• ALL TIME*: 9.22%

NPRTX

• 1D: 0.97%
• 1M: 0.63%
• 6M: 12.43%
• YTD: 20.16%
• 1Y: 36.65%
• 3Y*: 16.08%
• 5Y*: 10.47%
• 10Y*: 13.60%
• ALL TIME*: 8.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HLIEX JPMorgan Equity Income Fund	$0.00	$0.00	$0.00
NPRTX Neuberger Berman Large Cap Value Fund	$0.00	$0.00	$0.00

HLIEX vs. NPRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLIEX JPMorgan Equity Income Fund	15.72%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%
NPRTX Neuberger Berman Large Cap Value Fund	20.16%	20.69%	10.92%	-1.76%	-1.25%	28.12%	14.44%	23.96%	-1.23%	13.45%

Correlation

The correlation between HLIEX and NPRTX is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jun 30, 1987	0.85

The correlation between HLIEX and NPRTX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

HLIEX vs. NPRTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HLIEX

HLIEX Risk / Return Rank: 88
HLIEX Sharpe Ratio Rank: 89
HLIEX Sortino Ratio Rank: 87
HLIEX Omega Ratio Rank: 84
HLIEX Calmar Ratio Rank: 90
HLIEX Martin Ratio Rank: 91

NPRTX

NPRTX Risk / Return Rank: 96
NPRTX Sharpe Ratio Rank: 98
NPRTX Sortino Ratio Rank: 96
NPRTX Omega Ratio Rank: 92
NPRTX Calmar Ratio Rank: 97
NPRTX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HLIEX vs. NPRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund (HLIEX) and Neuberger Berman Large Cap Value Fund (NPRTX). 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	NPRTX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.93	-0.70
Sortino ratio: Return per unit of downside risk	3.15	4.06	-0.91
Omega ratio: Gain probability vs. loss probability	1.40	1.52	-0.12
Calmar ratio: Return relative to maximum drawdown	3.33	4.94	-1.62
Martin ratio: Return relative to average drawdown	12.91	20.11	-7.20

HLIEX vs. NPRTX - Sharpe Ratio Comparison

The current HLIEX Sharpe Ratio is 2.22, which is comparable to the NPRTX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of HLIEX and NPRTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HLIEX vs. NPRTX - Drawdown Comparison

The maximum HLIEX drawdown since its inception was -50.33%, smaller than the maximum NPRTX drawdown of -66.25%. Use the drawdown chart below to compare losses from any high point for HLIEX and NPRTX.

Drawdown Indicators

	HLIEX	NPRTX	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-66.25%	+15.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-7.03%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-13.79%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-14.85%	-19.82%	+4.97%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-39.01%	+2.12%
Current Drawdown Current decline from peak	-0.78%	-0.34%	-0.44%
Average Drawdown Average peak-to-trough decline	-6.34%	-9.23%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.73%	+0.10%

Volatility

HLIEX vs. NPRTX - Volatility Comparison

JPMorgan Equity Income Fund (HLIEX) has a higher volatility of 2.78% compared to Neuberger Berman Large Cap Value Fund (NPRTX) at 2.51%. This indicates that HLIEX's price experiences larger fluctuations and is considered to be riskier than NPRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLIEX	NPRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.51%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	9.42%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	11.90%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	13.96%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	17.44%	-0.68%

HLIEX vs. NPRTX - Expense Ratio Comparison

HLIEX has a 0.70% expense ratio, which is lower than NPRTX's 0.79% expense ratio.

Dividends

HLIEX vs. NPRTX - Dividend Comparison

HLIEX's dividend yield for the trailing twelve months is around 9.30%, more than NPRTX's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLIEX JPMorgan Equity Income Fund	9.30%	10.81%	14.41%	2.77%	3.67%	3.33%	1.82%	2.78%	5.12%	2.47%	2.45%	2.73%
NPRTX Neuberger Berman Large Cap Value Fund	5.35%	6.42%	2.19%	2.45%	1.56%	5.04%	1.60%	3.87%	14.44%	8.55%	3.58%	9.80%

Frequently Asked Questions

Can I hold both HLIEX and NPRTX in my portfolio?

HLIEX and NPRTX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLIEX or NPRTX?

HLIEX has higher volatility (2.78%) compared to NPRTX (2.51%). In terms of maximum drawdown, HLIEX dropped -50.33% vs NPRTX's -66.25%.

Which has better risk-adjusted returns?

NPRTX currently has the higher Sharpe Ratio (2.93 vs 2.22), 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.