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. It was launched on Dec 13, 2013.
Performance
IRONX vs. JHQAX - Performance Comparison
Loading graphics...
IRONX vs. JHQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRONX Ironclad Managed Risk Fund | -4.38% | 10.57% | 14.78% | 10.61% | 0.26% | 13.24% | 5.91% | 458.33% | 1.99% | 3.33% |
JHQAX JPMorgan Hedged Equity Fund | -5.70% | 7.22% | 17.93% | 15.78% | -8.27% | 13.13% | 13.77% | 13.38% | -0.93% | 12.45% |
Returns By Period
In the year-to-date period, IRONX achieves a -4.38% return, which is significantly higher than JHQAX's -5.70% return. Over the past 10 years, IRONX has outperformed JHQAX with an annualized return of 25.71%, while JHQAX has yielded a comparatively lower 8.40% annualized return.
IRONX
- 1D
- 0.08%
- 1M
- -4.52%
- YTD
- -4.38%
- 6M
- -3.46%
- 1Y
- 7.13%
- 3Y*
- 9.45%
- 5Y*
- 8.38%
- 10Y*
- 25.71%
JHQAX
- 1D
- -0.27%
- 1M
- -6.23%
- YTD
- -5.70%
- 6M
- -3.39%
- 1Y
- 6.30%
- 3Y*
- 8.96%
- 5Y*
- 6.52%
- 10Y*
- 8.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IRONX vs. JHQAX - Expense Ratio Comparison
IRONX has a 1.25% expense ratio, which is higher than JHQAX's 0.83% expense ratio.
Return for Risk
IRONX vs. JHQAX — Risk / Return Rank
IRONX
JHQAX
IRONX vs. JHQAX - Risk-Adjusted Trends 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.
| IRONX | JHQAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.62 | +0.03 |
Sortino ratioReturn per unit of downside risk | 0.99 | 0.97 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.66 | +0.05 |
Martin ratioReturn relative to average drawdown | 3.08 | 2.79 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IRONX | JHQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.62 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.74 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.90 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.81 | -0.25 |
Correlation
The correlation between IRONX and JHQAX is 0.80, 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
IRONX vs. JHQAX - Dividend Comparison
IRONX's dividend yield for the trailing twelve months is around 0.06%, less than JHQAX's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRONX Ironclad Managed Risk Fund | 0.06% | 0.06% | 0.19% | 5.17% | 2.97% | 13.84% | 4.16% | 121.75% | 8.85% | 9.93% | 1.42% | 0.38% |
JHQAX JPMorgan Hedged Equity Fund | 0.39% | 0.41% | 0.51% | 0.74% | 0.74% | 0.50% | 0.89% | 1.18% | 0.92% | 0.76% | 1.11% | 0.97% |
Drawdowns
IRONX vs. JHQAX - Drawdown Comparison
The maximum IRONX drawdown since its inception was -13.71%, smaller than the maximum JHQAX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for IRONX and JHQAX.
Loading graphics...
Drawdown Indicators
| IRONX | JHQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -18.82% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -6.94% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -14.48% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -13.71% | -18.82% | +5.11% |
Current DrawdownCurrent decline from peak | -5.92% | -6.91% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -2.20% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.64% | +0.33% |
Volatility
IRONX vs. JHQAX - Volatility Comparison
Ironclad Managed Risk Fund (IRONX) and JPMorgan Hedged Equity Fund (JHQAX) have volatilities of 2.59% and 2.63%, 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.
Loading graphics...
Volatility by Period
| IRONX | JHQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.63% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 5.49% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 10.23% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.40% | 8.89% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.74% | 9.40% | +31.34% |