JHEQX vs. CMNIX
Compare and contrast key facts about JPMorgan Hedged Equity Fund Class I (JHEQX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX).
JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013. CMNIX is managed by Calamos. It was launched on May 10, 2000.
Performance
JHEQX vs. CMNIX - Performance Comparison
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JHEQX vs. CMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 0.37% | 6.89% | 7.43% | 9.17% | -4.26% | 5.02% | 5.36% | 6.72% | 1.79% | 4.21% |
Returns By Period
In the year-to-date period, JHEQX achieves a -4.94% return, which is significantly lower than CMNIX's 0.37% return. Over the past 10 years, JHEQX has outperformed CMNIX with an annualized return of 8.72%, while CMNIX has yielded a comparatively lower 4.67% 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%
CMNIX
- 1D
- 0.45%
- 1M
- -0.51%
- YTD
- 0.37%
- 6M
- 1.79%
- 1Y
- 6.09%
- 3Y*
- 6.86%
- 5Y*
- 4.49%
- 10Y*
- 4.67%
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JHEQX vs. CMNIX - Expense Ratio Comparison
JHEQX has a 0.58% expense ratio, which is lower than CMNIX's 0.90% expense ratio.
Return for Risk
JHEQX vs. CMNIX — Risk / Return Rank
JHEQX
CMNIX
JHEQX vs. CMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX). 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.
| JHEQX | CMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.75 | -1.02 |
Sortino ratioReturn per unit of downside risk | 1.10 | 2.61 | -1.51 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.55 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.27 | -1.20 |
Martin ratioReturn relative to average drawdown | 4.43 | 15.50 | -11.06 |
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
| JHEQX | CMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.75 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.30 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 1.29 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.36 | +0.48 |
Correlation
The correlation between JHEQX and CMNIX is 0.77, 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
JHEQX vs. CMNIX - Dividend Comparison
JHEQX's dividend yield for the trailing twelve months is around 0.64%, less than CMNIX's 1.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 1.75% | 1.63% | 2.00% | 5.90% | 1.02% | 0.46% | 0.90% | 1.57% | 5.02% | 2.60% | 2.97% | 2.42% |
Drawdowns
JHEQX vs. CMNIX - Drawdown Comparison
The maximum JHEQX drawdown since its inception was -18.85%, smaller than the maximum CMNIX drawdown of -35.16%. Use the drawdown chart below to compare losses from any high point for JHEQX and CMNIX.
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Drawdown Indicators
| JHEQX | CMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.85% | -35.16% | +16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -2.71% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -7.52% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -18.85% | -8.12% | -10.73% |
Current DrawdownCurrent decline from peak | -6.19% | -0.58% | -5.61% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -7.20% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.40% | +1.27% |
Volatility
JHEQX vs. CMNIX - Volatility Comparison
JPMorgan Hedged Equity Fund Class I (JHEQX) has a higher volatility of 2.81% compared to Calamos Market Neutral Income Fund Institutional Class (CMNIX) at 0.92%. This indicates that JHEQX's price experiences larger fluctuations and is considered to be riskier than CMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHEQX | CMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 0.92% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 1.39% | +4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 3.50% | +6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 3.47% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.41% | 3.63% | +5.78% |