JHQAX vs. DEF
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and Invesco Defensive Equity ETF (DEF).
JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013. DEF is a passively managed fund by Invesco that tracks the performance of the Invesco Defensive Equity Index. It was launched on Dec 15, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHQAX or DEF.
Performance
JHQAX vs. DEF - Performance Comparison
Returns By Period
JHQAX
18.61%
0.76%
10.27%
20.26%
10.53%
8.34%
DEF
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| JHQAX | DEF |
|---|
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JHQAX vs. DEF - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than DEF's 0.53% expense ratio.
Correlation
The correlation between JHQAX and DEF is 0.72, 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.
Risk-Adjusted Performance
JHQAX vs. DEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and Invesco Defensive Equity ETF (DEF). 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
JHQAX vs. DEF - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.56%, while DEF has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHQAX JPMorgan Hedged Equity Fund | 0.56% | 0.74% | 0.74% | 0.50% | 0.89% | 0.89% | 0.91% | 0.75% | 1.11% | 0.97% | 1.07% | 0.00% |
DEF Invesco Defensive Equity ETF | 1.59% | 1.60% | 1.48% | 1.06% | 1.34% | 1.16% | 1.39% | 0.16% | 0.34% | 0.31% | 2.55% | 2.30% |
Drawdowns
JHQAX vs. DEF - Drawdown Comparison
Volatility
JHQAX vs. DEF - Volatility Comparison
JPMorgan Hedged Equity Fund (JHQAX) has a higher volatility of 2.53% compared to Invesco Defensive Equity ETF (DEF) at 0.00%. This indicates that JHQAX's price experiences larger fluctuations and is considered to be riskier than DEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.