JHEQX vs. SPY
Compare and contrast key facts about JPMorgan Hedged Equity Fund Class I (JHEQX) and SPDR S&P 500 ETF (SPY).
JHEQX is managed by JPMorgan Chase. It was launched on Dec 13, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHEQX or SPY.
Correlation
The correlation between JHEQX and SPY is 0.92, 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.
Performance
JHEQX vs. SPY - Performance Comparison
Key characteristics
JHEQX:
2.10
SPY:
1.95
JHEQX:
2.87
SPY:
2.60
JHEQX:
1.42
SPY:
1.36
JHEQX:
3.66
SPY:
2.98
JHEQX:
14.62
SPY:
12.44
JHEQX:
1.21%
SPY:
2.02%
JHEQX:
8.48%
SPY:
12.89%
JHEQX:
-18.85%
SPY:
-55.19%
JHEQX:
-1.11%
SPY:
-1.70%
Returns By Period
In the year-to-date period, JHEQX achieves a 1.30% return, which is significantly lower than SPY's 2.27% return. Over the past 10 years, JHEQX has underperformed SPY with an annualized return of 8.70%, while SPY has yielded a comparatively higher 13.64% annualized return.
JHEQX
1.30%
-0.15%
8.16%
17.31%
10.44%
8.70%
SPY
2.27%
0.73%
10.73%
24.55%
14.69%
13.64%
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JHEQX vs. SPY - Expense Ratio Comparison
JHEQX has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JHEQX vs. SPY — Risk-Adjusted Performance Rank
JHEQX
SPY
JHEQX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
JHEQX's dividend yield for the trailing twelve months is around 0.73%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | 0.73% | 0.74% | 0.98% | 0.98% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.22% | 1.07% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JHEQX vs. SPY - Drawdown Comparison
The maximum JHEQX drawdown since its inception was -18.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JHEQX and SPY. For additional features, visit the drawdowns tool.
Volatility
JHEQX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund Class I (JHEQX) is 2.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.26%. This indicates that JHEQX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.