IICAX vs. AGRDX

Last updated Aug 4, 2026

IICAX (Asset Management Fund Large Cap Equity Fund) and AGRDX (JPMorgan Research Enhanced Equity Fund Class R6) are both Large Cap Blend Equities funds. Over the past 10 years, IICAX returned 11.22%/yr vs 16.15%/yr for AGRDX. Their correlation of 0.82 means they have usually moved in the same direction. IICAX charges 1.71%/yr vs 0.25%/yr for AGRDX.

Performance

IICAX vs. AGRDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Asset Management Fund Large Cap Equity Fund (IICAX) and JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IICAX achieves a 9.30% return, which is significantly higher than AGRDX's 2.68% return. Over the past 10 years, IICAX has underperformed AGRDX with an annualized return of 11.22%, while AGRDX has yielded a comparatively higher 16.15% annualized return.

IICAX

• 1D: 0.40%
• 1M: 1.14%
• 6M: 5.77%
• YTD: 9.30%
• 1Y: 19.58%
• 3Y*: 14.96%
• 5Y*: 11.74%
• 10Y*: 11.22%
• ALL TIME*: 2.21%

AGRDX

• 1D: 1.56%
• 1M: -1.25%
• 6M: 4.07%
• YTD: 2.68%
• 1Y: 12.98%
• 3Y*: 17.56%
• 5Y*: 10.13%
• 10Y*: 16.15%
• ALL TIME*: 14.48%

*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)
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	$0.00	$0.00	$0.00
IICAX Asset Management Fund Large Cap Equity Fund	$0.00	$0.00	$0.00

IICAX vs. AGRDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IICAX Asset Management Fund Large Cap Equity Fund	9.30%	12.59%	18.66%	21.70%	-12.87%	33.00%	11.90%	26.48%	-6.25%	-0.30%
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	2.68%	15.66%	26.66%	43.81%	-31.15%	28.29%	35.69%	35.89%	-1.22%	29.85%

Correlation

The correlation between IICAX and AGRDX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.82

The correlation between IICAX and AGRDX shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IICAX vs. AGRDX — Risk / Return Rank

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

IICAX

IICAX Risk / Return Rank: 71
IICAX Sharpe Ratio Rank: 68
IICAX Sortino Ratio Rank: 67
IICAX Omega Ratio Rank: 64
IICAX Calmar Ratio Rank: 74
IICAX Martin Ratio Rank: 82

AGRDX

AGRDX Risk / Return Rank: 14
AGRDX Sharpe Ratio Rank: 14
AGRDX Sortino Ratio Rank: 15
AGRDX Omega Ratio Rank: 14
AGRDX Calmar Ratio Rank: 12
AGRDX Martin Ratio Rank: 13

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.

IICAX vs. AGRDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asset Management Fund Large Cap Equity Fund (IICAX) and JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX). 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.

	IICAX	AGRDX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.61	+1.08
Sortino ratio: Return per unit of downside risk	2.41	0.96	+1.46
Omega ratio: Gain probability vs. loss probability	1.31	1.12	+0.19
Calmar ratio: Return relative to maximum drawdown	2.53	0.65	+1.88
Martin ratio: Return relative to average drawdown	10.61	1.96	+8.65

IICAX vs. AGRDX - Sharpe Ratio Comparison

The current IICAX Sharpe Ratio is 1.69, which is higher than the AGRDX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of IICAX and AGRDX, 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

IICAX vs. AGRDX - Drawdown Comparison

The maximum IICAX drawdown since its inception was -96.26%, which is greater than AGRDX's maximum drawdown of -34.73%. Use the drawdown chart below to compare losses from any high point for IICAX and AGRDX.

Drawdown Indicators

	IICAX	AGRDX	Difference
Max Drawdown Largest peak-to-trough decline	-96.26%	-34.73%	-61.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.25%	-16.55%	+9.30%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-24.12%	+6.43%
Max Drawdown (5Y) Largest decline over 5 years	-22.79%	-34.73%	+11.94%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-34.73%	-4.28%
Current Drawdown Current decline from peak	-67.30%	-6.05%	-61.25%
Average Drawdown Average peak-to-trough decline	-68.17%	-5.89%	-62.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	5.46%	-3.73%

Volatility

IICAX vs. AGRDX - Volatility Comparison

The current volatility for Asset Management Fund Large Cap Equity Fund (IICAX) is 2.37%, while JPMorgan Research Enhanced Equity Fund Class R6 (AGRDX) has a volatility of 5.80%. This indicates that IICAX experiences smaller price fluctuations and is considered to be less risky than AGRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IICAX	AGRDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	5.80%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	13.89%	-5.73%
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	17.50%	-6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	21.84%	-5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	21.42%	+0.47%

IICAX vs. AGRDX - Expense Ratio Comparison

IICAX has a 1.71% expense ratio, which is higher than AGRDX's 0.25% expense ratio.

Dividends

IICAX vs. AGRDX - Dividend Comparison

IICAX's dividend yield for the trailing twelve months is around 10.29%, less than AGRDX's 15.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRDX JPMorgan Research Enhanced Equity Fund Class R6	15.83%	16.25%	5.72%	4.64%	5.01%	9.55%	5.24%	5.86%	13.94%	9.95%	4.58%	6.71%
IICAX Asset Management Fund Large Cap Equity Fund	10.29%	11.22%	6.32%	9.33%	9.58%	5.38%	3.83%	5.15%	13.41%	0.85%	30.91%	8.23%

Frequently Asked Questions

Can I hold both IICAX and AGRDX in my portfolio?

IICAX and AGRDX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IICAX or AGRDX?

AGRDX has higher volatility (5.80%) compared to IICAX (2.37%). In terms of maximum drawdown, IICAX dropped -96.26% vs AGRDX's -34.73%.

Which has better risk-adjusted returns?

IICAX currently has the higher Sharpe Ratio (1.69 vs 0.61), 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.