JBALX vs. JHEQX
Compare and contrast key facts about JPMorgan Global Allocation Fund Class A (JBALX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
JBALX is managed by JPMorgan. It was launched on Dec 31, 1991. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
JBALX vs. JHEQX - Performance Comparison
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JBALX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JBALX JPMorgan Global Allocation Fund Class A | -5.36% | 15.00% | 20.78% | 15.45% | -16.56% | 17.28% | 14.40% | 22.60% | 0.71% | 17.83% |
JHEQX JPMorgan Hedged Equity Fund Class I | -4.94% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
Returns By Period
In the year-to-date period, JBALX achieves a -5.36% return, which is significantly lower than JHEQX's -4.94% return. Over the past 10 years, JBALX has outperformed JHEQX with an annualized return of 10.14%, while JHEQX has yielded a comparatively lower 8.72% annualized return.
JBALX
- 1D
- 1.58%
- 1M
- -4.89%
- YTD
- -5.36%
- 6M
- -4.13%
- 1Y
- 10.65%
- 3Y*
- 12.97%
- 5Y*
- 7.67%
- 10Y*
- 10.14%
JHEQX
- 1D
- 0.75%
- 1M
- -5.47%
- YTD
- -4.94%
- 6M
- -2.73%
- 1Y
- 7.14%
- 3Y*
- 9.50%
- 5Y*
- 6.83%
- 10Y*
- 8.72%
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JBALX vs. JHEQX - Expense Ratio Comparison
JBALX has a 0.96% expense ratio, which is higher than JHEQX's 0.58% expense ratio.
Return for Risk
JBALX vs. JHEQX — Risk / Return Rank
JBALX
JHEQX
JBALX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Allocation Fund Class A (JBALX) and JPMorgan Hedged Equity Fund Class I (JHEQX). 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.
| JBALX | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.72 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.10 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.07 | +0.33 |
Martin ratioReturn relative to average drawdown | 5.59 | 4.43 | +1.15 |
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
| JBALX | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.72 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.77 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.93 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.84 | -0.21 |
Correlation
The correlation between JBALX and JHEQX 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
JBALX vs. JHEQX - Dividend Comparison
JBALX's dividend yield for the trailing twelve months is around 8.81%, more than JHEQX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBALX JPMorgan Global Allocation Fund Class A | 8.81% | 8.80% | 11.84% | 2.28% | 2.00% | 4.54% | 2.54% | 2.91% | 7.14% | 4.69% | 4.55% | 5.87% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.64% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
Drawdowns
JBALX vs. JHEQX - Drawdown Comparison
The maximum JBALX drawdown since its inception was -33.98%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for JBALX and JHEQX.
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Drawdown Indicators
| JBALX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.98% | -18.85% | -15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -6.92% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -14.34% | -7.16% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -18.85% | -3.64% |
Current DrawdownCurrent decline from peak | -6.67% | -6.19% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -2.16% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.67% | +0.37% |
Volatility
JBALX vs. JHEQX - Volatility Comparison
JPMorgan Global Allocation Fund Class A (JBALX) has a higher volatility of 3.80% compared to JPMorgan Hedged Equity Fund Class I (JHEQX) at 2.81%. This indicates that JBALX's price experiences larger fluctuations and is considered to be riskier than JHEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBALX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 2.81% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 5.56% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 10.23% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.30% | 8.89% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.20% | 9.41% | +1.79% |