HMXIX vs. JHQDX
Compare and contrast key facts about AlphaCentric Premium Opportunity Fund (HMXIX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX).
HMXIX is managed by AlphaCentric Funds. It was launched on Sep 29, 2016. JHQDX is managed by JPMorgan. It was launched on Feb 26, 2021.
Performance
HMXIX vs. JHQDX - Performance Comparison
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HMXIX vs. JHQDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HMXIX AlphaCentric Premium Opportunity Fund | -3.62% | 8.73% | 8.86% | 13.36% | -10.62% | 7.16% |
JHQDX JPMorgan Hedged Equity 2 Fund Class I | -3.02% | 7.56% | 18.03% | 15.26% | -13.30% | 14.40% |
Returns By Period
In the year-to-date period, HMXIX achieves a -3.62% return, which is significantly lower than JHQDX's -3.02% return.
HMXIX
- 1D
- 1.95%
- 1M
- -2.92%
- YTD
- -3.62%
- 6M
- -3.32%
- 1Y
- 10.06%
- 3Y*
- 7.60%
- 5Y*
- 4.01%
- 10Y*
- 6.48%
JHQDX
- 1D
- 1.10%
- 1M
- -3.65%
- YTD
- -3.02%
- 6M
- -1.43%
- 1Y
- 6.55%
- 3Y*
- 9.71%
- 5Y*
- 6.40%
- 10Y*
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HMXIX vs. JHQDX - Expense Ratio Comparison
HMXIX has a 1.99% expense ratio, which is higher than JHQDX's 0.60% expense ratio.
Return for Risk
HMXIX vs. JHQDX — Risk / Return Rank
HMXIX
JHQDX
HMXIX vs. JHQDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). 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.
| HMXIX | JHQDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.85 | -0.14 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.24 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.27 | -0.08 |
Martin ratioReturn relative to average drawdown | 3.48 | 5.49 | -2.01 |
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
| HMXIX | JHQDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.85 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.74 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.80 | +0.15 |
Correlation
The correlation between HMXIX and JHQDX is 0.89, 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
HMXIX vs. JHQDX - Dividend Comparison
HMXIX's dividend yield for the trailing twelve months is around 6.36%, more than JHQDX's 0.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMXIX AlphaCentric Premium Opportunity Fund | 6.36% | 6.13% | 2.17% | 0.00% | 0.00% | 4.78% | 2.26% | 0.00% | 0.00% | 0.47% | 0.16% |
JHQDX JPMorgan Hedged Equity 2 Fund Class I | 0.51% | 0.50% | 0.75% | 0.96% | 6.91% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMXIX vs. JHQDX - Drawdown Comparison
The maximum HMXIX drawdown since its inception was -15.80%, roughly equal to the maximum JHQDX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for HMXIX and JHQDX.
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Drawdown Indicators
| HMXIX | JHQDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -15.25% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -5.41% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -15.25% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | — | — |
Current DrawdownCurrent decline from peak | -6.23% | -4.37% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.32% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.26% | +1.74% |
Volatility
HMXIX vs. JHQDX - Volatility Comparison
AlphaCentric Premium Opportunity Fund (HMXIX) has a higher volatility of 4.83% compared to JPMorgan Hedged Equity 2 Fund Class I (JHQDX) at 2.60%. This indicates that HMXIX's price experiences larger fluctuations and is considered to be riskier than JHQDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMXIX | JHQDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 2.60% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 5.55% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 7.82% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 8.74% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 8.70% | +1.89% |