JHEQX vs. TIP
JHEQX (JPMorgan Hedged Equity Fund Class I) and TIP (iShares TIPS Bond ETF) are both funds - JHEQX is a Hedge Fund fund managed by JPMorgan, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, JHEQX returned 8.94%/yr vs 2.53%/yr for TIP. At a correlation of -0.01, they often move in opposite directions. JHEQX charges 0.58%/yr vs 0.18%/yr for TIP.
Performance
JHEQX vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, JHEQX achieves a -2.05% return, which is significantly lower than TIP's 1.40% return. Over the past 10 years, JHEQX has outperformed TIP with an annualized return of 8.94%, while TIP has yielded a comparatively lower 2.53% annualized return.
JHEQX
- 1D
- 0.00%
- 1M
- -0.23%
- YTD
- -2.05%
- 6M
- -1.65%
- 1Y
- 6.02%
- 3Y*
- 8.89%
- 5Y*
- 6.85%
- 10Y*
- 8.94%
TIP
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.76%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
JHEQX vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | -2.05% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between JHEQX and TIP is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | -0.01 |
The correlation between JHEQX and TIP shifts across timeframes, from -0.01 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHEQX vs. TIP — Risk / Return Rank
JHEQX
TIP
JHEQX vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) and iShares TIPS Bond ETF (TIP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JHEQX | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.34 | -1.49 |
| Martin ratioReturn relative to average drawdown | 2.86 | 7.00 | -4.14 |
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Drawdowns
JHEQX vs. TIP - Drawdown Comparison
The maximum JHEQX drawdown since its inception was -18.85%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for JHEQX and TIP.
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Drawdown Indicators
| JHEQX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.85% | -14.57% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -1.98% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.07% | -4.54% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -14.51% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -18.85% | -14.51% | -4.34% |
Current DrawdownCurrent decline from peak | -3.34% | -0.46% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -3.43% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.66% | +1.38% |
Volatility
JHEQX vs. TIP - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund Class I (JHEQX) is 0.41%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.03%. This indicates that JHEQX experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHEQX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 1.03% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 2.32% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 3.39% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.86% | 6.21% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 5.74% | +3.64% |
JHEQX vs. TIP - Expense Ratio Comparison
JHEQX has a 0.58% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
JHEQX vs. TIP - Dividend Comparison
JHEQX's dividend yield for the trailing twelve months is around 0.62%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | 0.62% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
JHEQX and TIP have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIP has higher volatility (1.03%) compared to JHEQX (0.41%). In terms of maximum drawdown, JHEQX dropped -18.85% vs TIP's -14.57%.
TIP currently has the higher Sharpe Ratio (1.37 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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