JDIEX vs. JHQDX

Last updated Apr 2, 2026

Compare and contrast key facts about Easterly Hedged Equity Fund (JDIEX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX).

JDIEX is managed by James Alpha Advisors. It was launched on Jul 30, 2015. JHQDX is managed by JPMorgan. It was launched on Feb 26, 2021.

Performance

JDIEX vs. JHQDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Easterly Hedged Equity Fund (JDIEX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). The values are adjusted to include any dividend payments, if applicable.

JDIEX vs. JHQDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JDIEX Easterly Hedged Equity Fund	0.00%	11.87%	17.36%	14.58%	-2.74%	9.68%
JHQDX JPMorgan Hedged Equity 2 Fund Class I	-3.02%	7.56%	18.03%	15.26%	-13.30%	14.40%

Returns By Period

JDIEX

• 1D: 2.04%
• 1M: -0.33%
• YTD: 0.00%
• 6M: 1.42%
• 1Y: 12.13%
• 3Y*: 12.95%
• 5Y*: 9.41%
• 10Y*: 8.11%

JHQDX

• 1D: 1.10%
• 1M: -3.65%
• YTD: -3.02%
• 6M: -1.43%
• 1Y: 6.55%
• 3Y*: 9.71%
• 5Y*: 6.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JDIEX vs. JHQDX - Expense Ratio Comparison

JDIEX has a 1.26% expense ratio, which is higher than JHQDX's 0.60% expense ratio.

JDIEX

Easterly Hedged Equity Fund

JHQDX

JPMorgan Hedged Equity 2 Fund Class I

Return for Risk

JDIEX vs. JHQDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JDIEX

JDIEX Risk / Return Rank: 58
JDIEX Sharpe Ratio Rank: 54
JDIEX Sortino Ratio Rank: 53
JDIEX Omega Ratio Rank: 69
JDIEX Calmar Ratio Rank: 47
JDIEX Martin Ratio Rank: 68

JHQDX

JHQDX Risk / Return Rank: 41
JHQDX Sharpe Ratio Rank: 37
JHQDX Sortino Ratio Rank: 35
JHQDX Omega Ratio Rank: 35
JHQDX Calmar Ratio Rank: 48
JHQDX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JDIEX vs. JHQDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) and JPMorgan Hedged Equity 2 Fund Class I (JHQDX). 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.

	JDIEX	JHQDX	Difference
Sharpe ratio Return per unit of total volatility	1.07	0.85	+0.23
Sortino ratio Return per unit of downside risk	1.55	1.24	+0.31
Omega ratio Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio Return relative to maximum drawdown	1.28	1.27	+0.01
Martin ratio Return relative to average drawdown	6.95	5.49	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JDIEX vs. JHQDX - Sharpe Ratio Comparison

The current JDIEX Sharpe Ratio is 1.07, which is comparable to the JHQDX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of JDIEX and JHQDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JDIEX	JHQDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.85	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.74	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.80	-0.06

Correlation

The correlation between JDIEX and JHQDX is 0.86, 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

JDIEX vs. JHQDX - Dividend Comparison

JDIEX has not paid dividends to shareholders, while JHQDX's dividend yield for the trailing twelve months is around 0.51%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JDIEX Easterly Hedged Equity Fund	0.00%	0.00%	0.09%	0.23%	2.45%	10.68%	8.01%	1.99%	10.75%	2.57%	0.11%
JHQDX JPMorgan Hedged Equity 2 Fund Class I	0.51%	0.50%	0.75%	0.96%	6.91%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JDIEX vs. JHQDX - Drawdown Comparison

The maximum JDIEX drawdown since its inception was -17.63%, which is greater than JHQDX's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for JDIEX and JHQDX.

Drawdown Indicators

	JDIEX	JHQDX	Difference
Max Drawdown Largest peak-to-trough decline	-17.63%	-15.25%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-5.41%	-4.39%
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	-15.25%	-2.32%
Max Drawdown (10Y) Largest decline over 10 years	-17.63%	—	—
Current Drawdown Current decline from peak	-1.25%	-4.37%	+3.12%
Average Drawdown Average peak-to-trough decline	-2.57%	-3.32%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.26%	+0.54%

Volatility

JDIEX vs. JHQDX - Volatility Comparison

Easterly Hedged Equity Fund (JDIEX) has a higher volatility of 2.80% compared to JPMorgan Hedged Equity 2 Fund Class I (JHQDX) at 2.60%. This indicates that JDIEX's price experiences larger fluctuations and is considered to be riskier than JHQDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDIEX	JHQDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	2.60%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	4.92%	5.55%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	7.82%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.27%	8.74%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.72%	8.70%	+2.02%