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JHEQX vs. BRK-B
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JHEQX vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Hedged Equity Fund Class I (JHEQX) and Berkshire Hathaway Inc. (BRK-B).

JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.

Performance

JHEQX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Hedged Equity Fund Class I (JHEQX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

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JHEQX vs. BRK-B - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
BRK-B
Berkshire Hathaway Inc.		-4.80%10.89%27.09%15.46%3.31%28.95%2.37%10.93%3.01%21.62%

Returns By Period

The year-to-date returns for both investments are quite close, with JHEQX having a -4.94% return and BRK-B slightly higher at -4.80%. Over the past 10 years, JHEQX has underperformed BRK-B with an annualized return of 8.72%, while BRK-B has yielded a comparatively higher 12.78% annualized return.

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%

BRK-B

1D
-0.15%
1M
-0.35%
YTD
-4.80%
6M
-3.95%
1Y
-10.22%
3Y*
15.72%
5Y*
13.13%
10Y*
12.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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JPMorgan Hedged Equity Fund Class I

Berkshire Hathaway Inc.

Often compared with JHEQX:
JHEQX vs. JEPIJHEQX vs. SPYJHEQX vs. JHQDXJHEQX vs. BUFRJHEQX vs. ^GSPCJHEQX vs. CMNIXJHEQX vs. LCSIX
Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT

Return for Risk

JHEQX vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JHEQX
JHEQX Risk / Return Rank: 3434
Overall Rank
JHEQX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
JHEQX Sortino Ratio Rank: 2929
Sortino Ratio Rank
JHEQX Omega Ratio Rank: 3333
Omega Ratio Rank
JHEQX Calmar Ratio Rank: 4040
Calmar Ratio Rank
JHEQX Martin Ratio Rank: 4242
Martin Ratio Rank
BRK-B
BRK-B Risk / Return Rank: 1717
Overall Rank
BRK-B Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 1616
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 1616
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 1717
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 1919
Martin Ratio Rank
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.

JHEQX vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) and Berkshire Hathaway Inc. (BRK-B). 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.

JHEQXBRK-BDifference

Sharpe ratio

Return per unit of total volatility

0.72

-0.56

+1.28

Sortino ratio

Return per unit of downside risk

1.10

-0.65

+1.75

Omega ratio

Gain probability vs. loss probability

1.17

0.91

+0.26

Calmar ratio

Return relative to maximum drawdown

1.07

-0.68

+1.75

Martin ratio

Return relative to average drawdown

4.43

-1.16

+5.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHEQX vs. BRK-B - Sharpe Ratio Comparison

The current JHEQX Sharpe Ratio is 0.72, which is higher than the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of JHEQX and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JHEQXBRK-BDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

-0.56

+1.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.77

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.93

0.66

+0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.84

0.48

+0.36

Correlation

The correlation between JHEQX and BRK-B is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JHEQX vs. BRK-B - Dividend Comparison

JHEQX's dividend yield for the trailing twelve months is around 0.64%, while BRK-B has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
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%
BRK-B
Berkshire Hathaway Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

JHEQX vs. BRK-B - Drawdown Comparison

The maximum JHEQX drawdown since its inception was -18.85%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for JHEQX and BRK-B.

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Drawdown Indicators

JHEQXBRK-BDifference

Max Drawdown

Largest peak-to-trough decline

-18.85%

-53.86%

+35.01%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-14.95%

+8.03%

Max Drawdown (5Y)

Largest decline over 5 years

-14.34%

-26.58%

+12.24%

Max Drawdown (10Y)

Largest decline over 10 years

-18.85%

-29.57%

+10.72%

Current Drawdown

Current decline from peak

-6.19%

-11.36%

+5.17%

Average Drawdown

Average peak-to-trough decline

-2.16%

-11.07%

+8.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

8.72%

-7.05%

Volatility

JHEQX vs. BRK-B - Volatility Comparison

The current volatility for JPMorgan Hedged Equity Fund Class I (JHEQX) is 2.81%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.33%. This indicates that JHEQX experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JHEQXBRK-BDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.81%

4.33%

-1.52%

Volatility (6M)

Calculated over the trailing 6-month period

5.56%

11.14%

-5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

10.23%

18.30%

-8.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.89%

17.20%

-8.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.41%

19.45%

-10.04%