HLQVX vs. DQIRX

Last updated Jun 4, 2026

HLQVX (JPMorgan Large Cap Value Fund) and DQIRX (BNY Mellon Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, HLQVX returned 13.49%/yr vs 14.66%/yr for DQIRX. Their correlation of 0.90 suggests significant overlap in exposure. HLQVX charges 0.69%/yr vs 0.78%/yr for DQIRX.

Performance

HLQVX vs. DQIRX - Performance Comparison

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

Returns By Period

In the year-to-date period, HLQVX achieves a 7.58% return, which is significantly lower than DQIRX's 15.67% return. Over the past 10 years, HLQVX has underperformed DQIRX with an annualized return of 13.49%, while DQIRX has yielded a comparatively higher 14.66% annualized return.

HLQVX

• 1D: 0.53%
• 1M: 4.01%
• YTD: 7.58%
• 6M: 8.16%
• 1Y: 24.35%
• 3Y*: 20.54%
• 5Y*: 11.56%
• 10Y*: 13.49%

DQIRX

• 1D: 0.69%
• 1M: 5.25%
• YTD: 15.67%
• 6M: 15.85%
• 1Y: 34.58%
• 3Y*: 25.17%
• 5Y*: 15.92%
• 10Y*: 14.66%

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

HLQVX vs. DQIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HLQVX JPMorgan Large Cap Value Fund	7.58%	15.67%	27.12%	11.35%	-0.11%	23.57%	10.54%	27.44%	-15.21%	17.67%
DQIRX BNY Mellon Equity Income Fund	15.67%	19.01%	26.93%	19.21%	-9.35%	29.13%	4.81%	24.98%	-3.60%	17.40%

Correlation

The correlation between HLQVX and DQIRX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006	0.90

The correlation between HLQVX and DQIRX shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HLQVX vs. DQIRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLQVX

HLQVX Risk / Return Rank: 48
HLQVX Sharpe Ratio Rank: 50
HLQVX Sortino Ratio Rank: 49
HLQVX Omega Ratio Rank: 45
HLQVX Calmar Ratio Rank: 51
HLQVX Martin Ratio Rank: 43

DQIRX

DQIRX Risk / Return Rank: 92
DQIRX Sharpe Ratio Rank: 94
DQIRX Sortino Ratio Rank: 90
DQIRX Omega Ratio Rank: 87
DQIRX Calmar Ratio Rank: 93
DQIRX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLQVX vs. DQIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Value Fund (HLQVX) and BNY Mellon Equity Income Fund (DQIRX). 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.

	HLQVX	DQIRX	Difference
Sharpe ratio Return per unit of total volatility	2.08	3.26	-1.18
Sortino ratio Return per unit of downside risk	2.95	4.34	-1.40
Omega ratio Gain probability vs. loss probability	1.36	1.61	-0.24
Calmar ratio Return relative to maximum drawdown	2.74	5.24	-2.50
Martin ratio Return relative to average drawdown	9.14	22.94	-13.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLQVX vs. DQIRX - Sharpe Ratio Comparison

The current HLQVX Sharpe Ratio is 2.08, which is lower than the DQIRX Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of HLQVX and DQIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLQVX	DQIRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	3.26	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	1.01	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.85	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.58	-0.12

Drawdowns

HLQVX vs. DQIRX - Drawdown Comparison

The maximum HLQVX drawdown since its inception was -60.03%, which is greater than DQIRX's maximum drawdown of -50.77%. Use the drawdown chart below to compare losses from any high point for HLQVX and DQIRX.

Drawdown Indicators

	HLQVX	DQIRX	Difference
Max Drawdown Largest peak-to-trough decline	-60.03%	-50.77%	-9.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-6.79%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.11%	-18.48%	+2.37%
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	-20.34%	+1.96%
Max Drawdown (10Y) Largest decline over 10 years	-43.21%	-36.82%	-6.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.40%	-6.93%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	1.55%	+1.23%

Volatility

HLQVX vs. DQIRX - Volatility Comparison

JPMorgan Large Cap Value Fund (HLQVX) has a higher volatility of 3.11% compared to BNY Mellon Equity Income Fund (DQIRX) at 2.58%. This indicates that HLQVX's price experiences larger fluctuations and is considered to be riskier than DQIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLQVX	DQIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	2.58%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	7.95%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	10.93%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	15.83%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	17.39%	+2.98%

HLQVX vs. DQIRX - Expense Ratio Comparison

HLQVX has a 0.69% expense ratio, which is lower than DQIRX's 0.78% expense ratio.

Dividends

HLQVX vs. DQIRX - Dividend Comparison

HLQVX's dividend yield for the trailing twelve months is around 7.44%, more than DQIRX's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DQIRX BNY Mellon Equity Income Fund	2.81%	3.12%	7.05%	4.56%	6.54%	2.61%	3.42%	2.50%	5.29%	8.45%	4.04%	8.22%
HLQVX JPMorgan Large Cap Value Fund	7.44%	8.05%	20.76%	5.44%	5.80%	8.22%	1.05%	1.38%	9.09%	9.21%	5.91%	14.85%

Frequently Asked Questions

Can I hold both HLQVX and DQIRX in my portfolio?

HLQVX and DQIRX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLQVX or DQIRX?

HLQVX has higher volatility (3.11%) compared to DQIRX (2.58%). In terms of maximum drawdown, HLQVX dropped -60.03% vs DQIRX's -50.77%.

Which has better risk-adjusted returns?

DQIRX currently has the higher Sharpe Ratio (3.26 vs 2.08), 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.