JHQAX vs. ABALX
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and American Funds American Balanced Fund Class A (ABALX).
JHQAX is managed by JPMorgan. It was launched on Dec 13, 2013. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
JHQAX vs. ABALX - Performance Comparison
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JHQAX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHQAX JPMorgan Hedged Equity Fund | -4.99% | 7.22% | 17.93% | 15.78% | -8.27% | 13.13% | 13.77% | 13.38% | -0.93% | 12.45% |
ABALX American Funds American Balanced Fund Class A | -1.12% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, JHQAX achieves a -4.99% return, which is significantly lower than ABALX's -1.12% return. Over the past 10 years, JHQAX has underperformed ABALX with an annualized return of 8.48%, while ABALX has yielded a comparatively higher 9.17% annualized return.
JHQAX
- 1D
- 0.75%
- 1M
- -5.50%
- YTD
- -4.99%
- 6M
- -2.86%
- 1Y
- 6.90%
- 3Y*
- 9.23%
- 5Y*
- 6.56%
- 10Y*
- 8.48%
ABALX
- 1D
- 1.79%
- 1M
- -4.88%
- YTD
- -1.12%
- 6M
- 2.08%
- 1Y
- 16.95%
- 3Y*
- 14.07%
- 5Y*
- 8.20%
- 10Y*
- 9.17%
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JHQAX vs. ABALX - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
JHQAX vs. ABALX — Risk / Return Rank
JHQAX
ABALX
JHQAX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and American Funds American Balanced Fund Class A (ABALX). 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.
| JHQAX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.56 | -0.86 |
Sortino ratioReturn per unit of downside risk | 1.07 | 2.28 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.43 | -1.41 |
Martin ratioReturn relative to average drawdown | 4.24 | 10.15 | -5.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHQAX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.56 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.79 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.87 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.79 | +0.02 |
Correlation
The correlation between JHQAX and ABALX is 0.88, 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.
Dividends
JHQAX vs. ABALX - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.39%, less than ABALX's 8.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHQAX JPMorgan Hedged Equity Fund | 0.39% | 0.41% | 0.51% | 0.74% | 0.74% | 0.50% | 0.89% | 1.18% | 0.92% | 0.76% | 1.11% | 0.97% |
ABALX American Funds American Balanced Fund Class A | 8.39% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
JHQAX vs. ABALX - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for JHQAX and ABALX.
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Drawdown Indicators
| JHQAX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -40.20% | +21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -7.33% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -18.76% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -22.34% | +3.52% |
Current DrawdownCurrent decline from peak | -6.21% | -5.37% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -3.86% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.76% | -0.08% |
Volatility
JHQAX vs. ABALX - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.83%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 3.89%. This indicates that JHQAX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHQAX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 3.89% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 6.96% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.24% | 11.22% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 10.45% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 10.63% | -1.23% |