Correlation
The correlation between JDIEX and JHEQX is 0.87, 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.
JDIEX vs. JHEQX
Compare and contrast key facts about Easterly Hedged Equity Fund (JDIEX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
JDIEX is managed by James Alpha Advisors. It was launched on Jul 30, 2015. JHEQX 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: JDIEX or JHEQX.
Performance
JDIEX vs. JHEQX - Performance Comparison
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Key characteristics
JDIEX:
0.95
JHEQX:
0.79
JDIEX:
1.28
JHEQX:
1.02
JDIEX:
1.21
JHEQX:
1.15
JDIEX:
1.05
JHEQX:
0.62
JDIEX:
5.10
JHEQX:
2.23
JDIEX:
2.19%
JHEQX:
3.66%
JDIEX:
12.70%
JHEQX:
12.06%
JDIEX:
-17.63%
JHEQX:
-18.85%
JDIEX:
-0.44%
JHEQX:
-4.04%
Returns By Period
In the year-to-date period, JDIEX achieves a 1.94% return, which is significantly higher than JHEQX's -1.66% return.
JDIEX
1.94%
3.57%
0.76%
11.99%
11.24%
10.11%
N/A
JHEQX
-1.66%
3.73%
-3.38%
9.50%
10.89%
9.40%
7.95%
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JDIEX vs. JHEQX - Expense Ratio Comparison
JDIEX has a 1.26% expense ratio, which is higher than JHEQX's 0.58% expense ratio.
Risk-Adjusted Performance
JDIEX vs. JHEQX — Risk-Adjusted Performance Rank
JDIEX
JHEQX
JDIEX vs. JHEQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) 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.
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Dividends
JDIEX vs. JHEQX - Dividend Comparison
JDIEX's dividend yield for the trailing twelve months is around 0.10%, less than JHEQX's 0.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDIEX Easterly Hedged Equity Fund | 0.10% | 0.10% | 0.23% | 2.45% | 10.68% | 8.17% | 1.99% | 10.75% | 2.57% | 0.11% | 0.40% | 0.00% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.77% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% | 1.07% |
Drawdowns
JDIEX vs. JHEQX - Drawdown Comparison
The maximum JDIEX drawdown since its inception was -17.63%, smaller than the maximum JHEQX drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for JDIEX and JHEQX.
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Volatility
JDIEX vs. JHEQX - Volatility Comparison
Easterly Hedged Equity Fund (JDIEX) and JPMorgan Hedged Equity Fund Class I (JHEQX) have volatilities of 2.53% and 2.64%, 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.
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