JGRO vs. HFXI

Last updated Jul 21, 2026

JGRO (JPMorgan Active Growth ETF) and HFXI (IQ 50 Percent Hedged FTSE International ETF) are both exchange-traded funds - JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan, while HFXI is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America 50% Hedged to USD Index. JGRO is actively managed, while HFXI is passively managed. Over the past 3 years, JGRO returned 18.05%/yr vs 18.31%/yr for HFXI. A 0.70 correlation means they provide meaningful diversification when combined. JGRO charges 0.44%/yr vs 0.20%/yr for HFXI.

Performance

JGRO vs. HFXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Growth ETF (JGRO) and IQ 50 Percent Hedged FTSE International ETF (HFXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGRO achieves a -0.18% return, which is significantly lower than HFXI's 13.95% return.

JGRO

• 1D: -0.03%
• 1M: -5.05%
• 6M: 0.24%
• YTD: -0.18%
• 1Y: 6.49%
• 3Y*: 18.05%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.28%

HFXI

• 1D: -0.49%
• 1M: -5.10%
• 6M: 8.59%
• YTD: 13.95%
• 1Y: 29.40%
• 3Y*: 18.31%
• 5Y*: 11.89%
• 10Y*: 11.03%
• ALL TIME*: 9.15%

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

JGRO vs. HFXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JGRO JPMorgan Active Growth ETF	-0.18%	14.71%	32.77%	37.74%	-10.43%
HFXI IQ 50 Percent Hedged FTSE International ETF	13.95%	30.10%	7.58%	19.56%	0.29%

Correlation

The correlation between JGRO and HFXI is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.70

The correlation between JGRO and HFXI has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

JGRO vs. HFXI - Sectors Allocation Comparison

Sectors	JGRO	HFXI
Technology	49.6%	17.9%
Communication Services	14.1%	3.5%
Industrials	10.4%	19.2%
Healthcare	7.7%	9.0%
Consumer Cyclical	5.9%	7.9%
Financial Services	4.6%	21.9%
Consumer Defensive	2.9%	6.0%
Energy	1.6%	3.2%
Real Estate	0.2%	2.3%
Basic Materials	0.2%	6.0%
Utilities	0.1%	3.2%

Return for Risk

JGRO vs. HFXI — Risk / Return Rank

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

JGRO

JGRO Risk / Return Rank: 17
JGRO Sharpe Ratio Rank: 17
JGRO Sortino Ratio Rank: 17
JGRO Omega Ratio Rank: 16
JGRO Calmar Ratio Rank: 16
JGRO Martin Ratio Rank: 17

HFXI

HFXI Risk / Return Rank: 75
HFXI Sharpe Ratio Rank: 76
HFXI Sortino Ratio Rank: 73
HFXI Omega Ratio Rank: 77
HFXI Calmar Ratio Rank: 73
HFXI Martin Ratio Rank: 75

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.

JGRO vs. HFXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Growth ETF (JGRO) and IQ 50 Percent Hedged FTSE International ETF (HFXI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JGRO	HFXI	Difference
Sharpe ratio: Return per unit of total volatility	0.37	1.81	-1.43
Sortino ratio: Return per unit of downside risk	0.63	2.49	-1.86
Omega ratio: Gain probability vs. loss probability	1.08	1.34	-0.26
Calmar ratio: Return relative to maximum drawdown	0.40	2.72	-2.33
Martin ratio: Return relative to average drawdown	1.16	10.22	-9.06

JGRO vs. HFXI - Sharpe Ratio Comparison

The current JGRO Sharpe Ratio is 0.37, which is lower than the HFXI Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of JGRO and HFXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JGRO vs. HFXI - Drawdown Comparison

The maximum JGRO drawdown since its inception was -22.70%, smaller than the maximum HFXI drawdown of -32.42%. Use the drawdown chart below to compare losses from any high point for JGRO and HFXI.

Drawdown Indicators

	JGRO	HFXI	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-32.42%	+9.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-10.84%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-13.52%	-9.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.42%	—
Current Drawdown Current decline from peak	-6.90%	-5.17%	-1.73%
Average Drawdown Average peak-to-trough decline	-4.82%	-5.42%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	2.88%	+2.75%

Volatility

JGRO vs. HFXI - Volatility Comparison

JPMorgan Active Growth ETF (JGRO) has a higher volatility of 7.13% compared to IQ 50 Percent Hedged FTSE International ETF (HFXI) at 5.93%. This indicates that JGRO's price experiences larger fluctuations and is considered to be riskier than HFXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGRO	HFXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	5.93%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	14.58%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.44%	16.37%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.08%	15.16%	+4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	16.57%	+3.51%

JGRO vs. HFXI - Expense Ratio Comparison

JGRO has a 0.44% expense ratio, which is higher than HFXI's 0.20% expense ratio.

Dividends

JGRO vs. HFXI - Dividend Comparison

JGRO's dividend yield for the trailing twelve months is around 0.16%, less than HFXI's 3.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFXI IQ 50 Percent Hedged FTSE International ETF	3.40%	4.19%	2.68%	2.49%	4.65%	3.10%	2.00%	3.19%	4.33%	2.56%	2.71%	0.78%
JGRO JPMorgan Active Growth ETF	0.16%	0.16%	0.10%	0.17%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JGRO and HFXI in my portfolio?

JGRO and HFXI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGRO or HFXI?

JGRO has higher volatility (7.13%) compared to HFXI (5.93%). In terms of maximum drawdown, JGRO dropped -22.70% vs HFXI's -32.42%.

Which ETF is better, JGRO or HFXI?

On 3-year performance, HFXI leads with 18.31% vs 18.05% for JGRO. On fees, HFXI is cheaper at 0.20% per year. On volatility, HFXI has been the lower-risk option at 5.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JGRO or HFXI?

Over the 3-year period, HFXI has performed better with a 18.31% return vs 18.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JGRO or HFXI?

HFXI is cheaper with a 0.20% expense ratio, compared with 0.44% for JGRO.

Which ETF pays a higher dividend yield, JGRO or HFXI?

HFXI has the higher dividend yield at 3.40%, compared with 0.16% for JGRO.

What is the main difference between JGRO and HFXI?

JGRO is categorized as Large Cap Growth Equities, while HFXI is Foreign Large Cap Equities. They also come from different issuers: JPMorgan and New York Life. Their fees differ too: 0.44% for JGRO and 0.20% for HFXI.

Which has better risk-adjusted returns?

HFXI currently has the higher Sharpe Ratio (1.81 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.