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JHQAX vs. DEF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.7

Performance

JHQAX vs. DEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Hedged Equity Fund (JHQAX) and Invesco Defensive Equity ETF (DEF). The values are adjusted to include any dividend payments, if applicable.

110.00%115.00%120.00%125.00%130.00%135.00%JulyAugustSeptemberOctoberNovemberDecember
132.33%
130.96%
JHQAX
DEF

Key characteristics

Returns By Period


JHQAX

YTD

18.54%

1M

-0.03%

6M

7.30%

1Y

18.84%

5Y*

10.17%

10Y*

8.22%

DEF

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

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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.


JHQAX
JPMorgan Hedged Equity Fund
Expense ratio chart for JHQAX: current value at 0.83% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.83%
Expense ratio chart for DEF: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

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.


Sharpe ratio
The chart of Sharpe ratio for JHQAX, currently valued at 2.34, compared to the broader market-1.000.001.002.003.004.002.341.03
The chart of Sortino ratio for JHQAX, currently valued at 3.20, compared to the broader market-2.000.002.004.006.008.0010.003.201.50
The chart of Omega ratio for JHQAX, currently valued at 1.49, compared to the broader market0.501.001.502.002.503.003.501.491.73
The chart of Calmar ratio for JHQAX, currently valued at 3.91, compared to the broader market0.002.004.006.008.0010.0012.0014.003.911.60
The chart of Martin ratio for JHQAX, currently valued at 16.87, compared to the broader market0.0020.0040.0060.0016.8711.80
JHQAX
DEF


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.34
1.03
JHQAX
DEF

Dividends

JHQAX vs. DEF - Dividend Comparison

JHQAX's dividend yield for the trailing twelve months is around 0.33%, while DEF has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
JHQAX
JPMorgan Hedged Equity Fund
0.33%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
0.00%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


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.89%
0
JHQAX
DEF

Volatility

JHQAX vs. DEF - Volatility Comparison

JPMorgan Hedged Equity Fund (JHQAX) has a higher volatility of 2.62% 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.


0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
2.62%
0
JHQAX
DEF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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