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:
2.44
SPY:
2.21
JHEQX:
3.33
SPY:
2.93
JHEQX:
1.51
SPY:
1.41
JHEQX:
4.12
SPY:
3.26
JHEQX:
17.77
SPY:
14.40
JHEQX:
1.12%
SPY:
1.90%
JHEQX:
8.19%
SPY:
12.44%
JHEQX:
-18.85%
SPY:
-55.19%
JHEQX:
-1.21%
SPY:
-1.83%
Returns By Period
In the year-to-date period, JHEQX achieves a 19.66% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, JHEQX has underperformed SPY with an annualized return of 8.56%, while SPY has yielded a comparatively higher 13.04% annualized return.
JHEQX
19.66%
0.18%
8.38%
19.91%
10.62%
8.56%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 0.49%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | 0.49% | 0.98% | 0.98% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.22% | 1.07% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.72%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.83%. 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.