IRONX vs. JHQAX
Compare and contrast key facts about Ironclad Managed Risk Fund (IRONX) and JPMorgan Hedged Equity Fund (JHQAX).
IRONX is managed by Blackrock. It was launched on Oct 14, 2010. JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRONX or JHQAX.
Key characteristics
| IRONX | JHQAX | |
|---|---|---|
| YTD Return | 16.84% | 19.68% |
| 1Y Return | 15.86% | 23.25% |
| 3Y Return (Ann) | 1.99% | 8.58% |
| 5Y Return (Ann) | 4.33% | 10.75% |
| 10Y Return (Ann) | 0.83% | 8.49% |
| Sharpe Ratio | 1.65 | 3.01 |
| Sortino Ratio | 2.09 | 4.23 |
| Omega Ratio | 1.35 | 1.65 |
| Calmar Ratio | 1.32 | 4.78 |
| Martin Ratio | 8.54 | 21.36 |
| Ulcer Index | 1.84% | 1.09% |
| Daily Std Dev | 9.53% | 7.70% |
| Max Drawdown | -20.55% | -18.82% |
| Current Drawdown | -0.24% | 0.00% |
Correlation
The correlation between IRONX and JHQAX is 0.79, 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.
Performance
IRONX vs. JHQAX - Performance Comparison
In the year-to-date period, IRONX achieves a 16.84% return, which is significantly lower than JHQAX's 19.68% return. Over the past 10 years, IRONX has underperformed JHQAX with an annualized return of 0.83%, while JHQAX has yielded a comparatively higher 8.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IRONX vs. JHQAX - Expense Ratio Comparison
IRONX has a 1.25% expense ratio, which is higher than JHQAX's 0.83% expense ratio.
Risk-Adjusted Performance
IRONX vs. JHQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ironclad Managed Risk Fund (IRONX) and JPMorgan Hedged Equity Fund (JHQAX). 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.
Dividends
IRONX vs. JHQAX - Dividend Comparison
IRONX has not paid dividends to shareholders, while JHQAX's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IRONX Ironclad Managed Risk Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JHQAX JPMorgan Hedged Equity Fund | 0.55% | 0.74% | 0.74% | 0.50% | 0.89% | 0.89% | 0.91% | 0.75% | 1.11% | 0.97% | 1.07% |
Drawdowns
IRONX vs. JHQAX - Drawdown Comparison
The maximum IRONX drawdown since its inception was -20.55%, which is greater than JHQAX's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for IRONX and JHQAX. For additional features, visit the drawdowns tool.
Volatility
IRONX vs. JHQAX - Volatility Comparison
Ironclad Managed Risk Fund (IRONX) has a higher volatility of 3.12% compared to JPMorgan Hedged Equity Fund (JHQAX) at 2.37%. This indicates that IRONX's price experiences larger fluctuations and is considered to be riskier than JHQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.