JHEQX vs. JEPI
Compare and contrast key facts about JPMorgan Hedged Equity Fund Class I (JHEQX) and JPMorgan Equity Premium Income ETF (JEPI).
JHEQX is managed by JPMorgan Chase. It was launched on Dec 13, 2013. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHEQX or JEPI.
Performance
JHEQX vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, JHEQX achieves a 19.45% return, which is significantly higher than JEPI's 16.16% return.
JHEQX
19.45%
1.76%
11.26%
20.82%
10.87%
8.64%
JEPI
16.16%
1.71%
9.69%
18.77%
N/A
N/A
Key characteristics
| JHEQX | JEPI | |
|---|---|---|
| Sharpe Ratio | 2.69 | 2.65 |
| Sortino Ratio | 3.77 | 3.68 |
| Omega Ratio | 1.57 | 1.52 |
| Calmar Ratio | 4.30 | 4.85 |
| Martin Ratio | 19.13 | 18.78 |
| Ulcer Index | 1.09% | 1.00% |
| Daily Std Dev | 7.76% | 7.08% |
| Max Drawdown | -18.85% | -13.71% |
| Current Drawdown | -0.42% | 0.00% |
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JHEQX vs. JEPI - Expense Ratio Comparison
JHEQX has a 0.58% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Correlation
The correlation between JHEQX and JEPI is 0.76, 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.
Risk-Adjusted Performance
JHEQX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) and JPMorgan Equity Premium Income ETF (JEPI). 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.
Dividends
JHEQX vs. JEPI - Dividend Comparison
JHEQX's dividend yield for the trailing twelve months is around 0.77%, less than JEPI's 7.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | 0.77% | 0.98% | 0.98% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.22% | 1.07% |
JEPI JPMorgan Equity Premium Income ETF | 7.04% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JHEQX vs. JEPI - Drawdown Comparison
The maximum JHEQX drawdown since its inception was -18.85%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JHEQX and JEPI. For additional features, visit the drawdowns tool.
Volatility
JHEQX vs. JEPI - Volatility Comparison
JPMorgan Hedged Equity Fund Class I (JHEQX) has a higher volatility of 2.48% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.25%. This indicates that JHEQX's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.