JHEQX vs. XVV

Last updated Jun 3, 2026

JHEQX (JPMorgan Hedged Equity Fund Class I) and XVV (iShares ESG Screened S&P 500 ETF) are both funds - JHEQX is a Hedge Fund fund managed by JPMorgan, while XVV is a S&P 500 fund tracking the S&P 500 Sustainablility Screened Index. Over the past 5 years, JHEQX returned 6.99%/yr vs 13.95%/yr for XVV. Their correlation of 0.92 suggests significant overlap in exposure. JHEQX charges 0.58%/yr vs 0.08%/yr for XVV.

Performance

JHEQX vs. XVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Hedged Equity Fund Class I (JHEQX) and iShares ESG Screened S&P 500 ETF (XVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHEQX achieves a -1.74% return, which is significantly lower than XVV's 10.32% return.

JHEQX

• 1D: 0.00%
• 1M: -0.06%
• YTD: -1.74%
• 6M: -0.94%
• 1Y: 7.28%
• 3Y*: 9.26%
• 5Y*: 6.99%
• 10Y*: 8.87%

XVV

• 1D: 0.16%
• 1M: 5.35%
• YTD: 10.32%
• 6M: 10.63%
• 1Y: 28.66%
• 3Y*: 22.65%
• 5Y*: 13.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHEQX vs. XVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JHEQX JPMorgan Hedged Equity Fund Class I	-1.74%	7.49%	18.23%	16.07%	-8.05%	13.43%	5.89%
XVV iShares ESG Screened S&P 500 ETF	10.32%	17.53%	25.87%	29.78%	-21.46%	29.19%	16.13%

Correlation

The correlation between JHEQX and XVV is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020	0.92

The correlation between JHEQX and XVV has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

Return for Risk

JHEQX vs. XVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHEQX

JHEQX Risk / Return Rank: 14
JHEQX Sharpe Ratio Rank: 16
JHEQX Sortino Ratio Rank: 15
JHEQX Omega Ratio Rank: 18
JHEQX Calmar Ratio Rank: 10
JHEQX Martin Ratio Rank: 12

XVV

XVV Risk / Return Rank: 64
XVV Sharpe Ratio Rank: 68
XVV Sortino Ratio Rank: 66
XVV Omega Ratio Rank: 68
XVV Calmar Ratio Rank: 54
XVV Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHEQX vs. XVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund Class I (JHEQX) and iShares ESG Screened S&P 500 ETF (XVV). 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	XVV	Difference
Sharpe ratio Return per unit of total volatility	1.18	2.28	-1.10
Sortino ratio Return per unit of downside risk	1.63	3.09	-1.46
Omega ratio Gain probability vs. loss probability	1.23	1.41	-0.18
Calmar ratio Return relative to maximum drawdown	1.08	2.74	-1.66
Martin ratio Return relative to average drawdown	3.78	12.12	-8.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHEQX vs. XVV - Sharpe Ratio Comparison

The current JHEQX Sharpe Ratio is 1.18, which is lower than the XVV Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of JHEQX and XVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHEQX	XVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.28	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.80	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.01	-0.15

Drawdowns

JHEQX vs. XVV - Drawdown Comparison

The maximum JHEQX drawdown since its inception was -18.85%, smaller than the maximum XVV drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for JHEQX and XVV.

Drawdown Indicators

	JHEQX	XVV	Difference
Max Drawdown Largest peak-to-trough decline	-18.85%	-27.20%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.88%	-10.59%	+3.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.07%	-19.59%	+6.52%
Max Drawdown (5Y) Largest decline over 5 years	-14.34%	-27.20%	+12.86%
Max Drawdown (10Y) Largest decline over 10 years	-18.85%	—	—
Current Drawdown Current decline from peak	-3.03%	0.00%	-3.03%
Average Drawdown Average peak-to-trough decline	-2.18%	-5.88%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.39%	-0.43%

Volatility

JHEQX vs. XVV - Volatility Comparison

The current volatility for JPMorgan Hedged Equity Fund Class I (JHEQX) is 0.50%, while iShares ESG Screened S&P 500 ETF (XVV) has a volatility of 2.94%. This indicates that JHEQX experiences smaller price fluctuations and is considered to be less risky than XVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHEQX	XVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	2.94%	-2.44%
Volatility (6M) Calculated over the trailing 6-month period	4.80%	9.59%	-4.79%
Volatility (1Y) Calculated over the trailing 1-year period	6.34%	12.64%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.86%	17.60%	-8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.38%	17.35%	-7.97%

JHEQX vs. XVV - Expense Ratio Comparison

JHEQX has a 0.58% expense ratio, which is higher than XVV's 0.08% expense ratio.

Dividends

JHEQX vs. XVV - Dividend Comparison

JHEQX's dividend yield for the trailing twelve months is around 0.62%, less than XVV's 0.87% 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%
XVV iShares ESG Screened S&P 500 ETF	0.87%	0.94%	1.05%	1.25%	1.57%	0.81%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHEQX and XVV in my portfolio?

JHEQX and XVV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHEQX or XVV?

XVV has higher volatility (2.94%) compared to JHEQX (0.50%). In terms of maximum drawdown, JHEQX dropped -18.85% vs XVV's -27.20%.

Which has better risk-adjusted returns?

XVV currently has the higher Sharpe Ratio (2.28 vs 1.18), 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.