HRSTX vs. JHQDX

Last updated Apr 2, 2026

Compare and contrast key facts about Rational Tactical Return Fund (HRSTX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX).

HRSTX is managed by Rational Funds. It was launched on Apr 30, 2007. JHQDX is managed by JPMorgan. It was launched on Feb 26, 2021.

Performance

HRSTX vs. JHQDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rational Tactical Return Fund (HRSTX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). The values are adjusted to include any dividend payments, if applicable.

HRSTX vs. JHQDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HRSTX Rational Tactical Return Fund	-0.55%	3.66%	3.23%	5.06%	217.69%	3.04%
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, HRSTX achieves a -0.55% return, which is significantly higher than JHQDX's -3.02% return.

HRSTX

• 1D: 1.27%
• 1M: -0.68%
• YTD: -0.55%
• 6M: 0.39%
• 1Y: 2.30%
• 3Y*: 3.53%
• 5Y*: 29.49%
• 10Y*: 17.29%

JHQDX

• 1D: 1.10%
• 1M: -3.65%
• YTD: -3.02%
• 6M: -1.43%
• 1Y: 6.55%
• 3Y*: 9.71%
• 5Y*: 6.40%
• 10Y*: —

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

HRSTX vs. JHQDX - Expense Ratio Comparison

HRSTX has a 1.99% expense ratio, which is higher than JHQDX's 0.60% expense ratio.

HRSTX

Rational Tactical Return Fund

JHQDX

JPMorgan Hedged Equity 2 Fund Class I

Return for Risk

HRSTX vs. JHQDX — Risk / Return Rank

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

HRSTX

HRSTX Risk / Return Rank: 49
HRSTX Sharpe Ratio Rank: 37
HRSTX Sortino Ratio Rank: 32
HRSTX Omega Ratio Rank: 78
HRSTX Calmar Ratio Rank: 29
HRSTX Martin Ratio Rank: 69

JHQDX

JHQDX Risk / Return Rank: 41
JHQDX Sharpe Ratio Rank: 37
JHQDX Sortino Ratio Rank: 35
JHQDX Omega Ratio Rank: 35
JHQDX Calmar Ratio Rank: 48
JHQDX Martin Ratio Rank: 53

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.

HRSTX vs. JHQDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rational Tactical Return Fund (HRSTX) 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.

	HRSTX	JHQDX	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.85	+0.03
Sortino ratio Return per unit of downside risk	1.21	1.24	-0.03
Omega ratio Gain probability vs. loss probability	1.32	1.18	+0.14
Calmar ratio Return relative to maximum drawdown	0.95	1.27	-0.33
Martin ratio Return relative to average drawdown	7.17	5.49	+1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HRSTX vs. JHQDX - Sharpe Ratio Comparison

The current HRSTX Sharpe Ratio is 0.88, which is comparable to the JHQDX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of HRSTX and JHQDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HRSTX	JHQDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.85	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.74	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.80	-0.69

Correlation

The correlation between HRSTX and JHQDX is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HRSTX vs. JHQDX - Dividend Comparison

HRSTX's dividend yield for the trailing twelve months is around 8.38%, more than JHQDX's 0.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRSTX Rational Tactical Return Fund	8.38%	6.72%	4.47%	5.60%	2.24%	3.75%	2.10%	3.36%	1.33%	5.55%	13.80%	4.82%
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%	0.00%

Drawdowns

HRSTX vs. JHQDX - Drawdown Comparison

The maximum HRSTX drawdown since its inception was -69.69%, which is greater than JHQDX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for HRSTX and JHQDX.

Drawdown Indicators

	HRSTX	JHQDX	Difference
Max Drawdown Largest peak-to-trough decline	-69.69%	-15.25%	-54.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	-5.41%	+2.99%
Max Drawdown (5Y) Largest decline over 5 years	-2.42%	-15.25%	+12.83%
Max Drawdown (10Y) Largest decline over 10 years	-15.82%	—	—
Current Drawdown Current decline from peak	-0.87%	-4.37%	+3.50%
Average Drawdown Average peak-to-trough decline	-27.86%	-3.32%	-24.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	1.26%	-0.94%

Volatility

HRSTX vs. JHQDX - Volatility Comparison

Rational Tactical Return Fund (HRSTX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX) have volatilities of 2.52% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRSTX	JHQDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	2.60%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	5.55%	-2.95%
Volatility (1Y) Calculated over the trailing 1-year period	2.68%	7.82%	-5.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.90%	8.74%	+89.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.54%	8.70%	+60.84%