HLIEX vs. SPHQ
Compare and contrast key facts about JPMorgan Equity Income Fund (HLIEX) and Invesco S&P 500 Quality ETF (SPHQ).
HLIEX is managed by JPMorgan. It was launched on Jul 2, 1987. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005.
Performance
HLIEX vs. SPHQ - Performance Comparison
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HLIEX vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIEX JPMorgan Equity Income Fund | 1.62% | 14.67% | 19.67% | 4.79% | -1.88% | 25.10% | 3.61% | 26.30% | -4.45% | 17.55% |
SPHQ Invesco S&P 500 Quality ETF | 1.46% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 17.36% | 33.64% | -7.10% | 19.10% |
Returns By Period
In the year-to-date period, HLIEX achieves a 1.62% return, which is significantly higher than SPHQ's 1.46% return. Over the past 10 years, HLIEX has underperformed SPHQ with an annualized return of 11.39%, while SPHQ has yielded a comparatively higher 13.63% annualized return.
HLIEX
- 1D
- 1.91%
- 1M
- -4.61%
- YTD
- 1.62%
- 6M
- 4.26%
- 1Y
- 13.54%
- 3Y*
- 14.35%
- 5Y*
- 10.23%
- 10Y*
- 11.39%
SPHQ
- 1D
- 0.89%
- 1M
- -5.57%
- YTD
- 1.46%
- 6M
- 3.57%
- 1Y
- 16.02%
- 3Y*
- 18.54%
- 5Y*
- 12.70%
- 10Y*
- 13.63%
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HLIEX vs. SPHQ - Expense Ratio Comparison
HLIEX has a 0.70% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Return for Risk
HLIEX vs. SPHQ — Risk / Return Rank
HLIEX
SPHQ
HLIEX vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund (HLIEX) and Invesco S&P 500 Quality ETF (SPHQ). 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.
| HLIEX | SPHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.94 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.44 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.45 | -0.15 |
Martin ratioReturn relative to average drawdown | 5.58 | 6.35 | -0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLIEX | SPHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.94 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.78 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.77 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.50 | +0.06 |
Correlation
The correlation between HLIEX and SPHQ 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.
Dividends
HLIEX vs. SPHQ - Dividend Comparison
HLIEX's dividend yield for the trailing twelve months is around 10.68%, more than SPHQ's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIEX JPMorgan Equity Income Fund | 10.68% | 10.81% | 14.41% | 2.77% | 3.67% | 3.33% | 1.82% | 2.78% | 5.12% | 2.47% | 2.45% | 2.73% |
SPHQ Invesco S&P 500 Quality ETF | 1.18% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Drawdowns
HLIEX vs. SPHQ - Drawdown Comparison
The maximum HLIEX drawdown since its inception was -50.33%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for HLIEX and SPHQ.
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Drawdown Indicators
| HLIEX | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.33% | -57.83% | +7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -10.84% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -25.04% | +10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | -31.60% | -5.29% |
Current DrawdownCurrent decline from peak | -5.30% | -5.92% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -10.78% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.48% | +0.17% |
Volatility
HLIEX vs. SPHQ - Volatility Comparison
The current volatility for JPMorgan Equity Income Fund (HLIEX) is 4.07%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 5.32%. This indicates that HLIEX experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIEX | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 5.32% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 9.67% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 17.13% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 16.40% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 17.81% | -1.02% |