JHQAX vs. FDVV
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and Fidelity High Dividend ETF (FDVV).
JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHQAX or FDVV.
Performance
JHQAX vs. FDVV - Performance Comparison
Returns By Period
In the year-to-date period, JHQAX achieves a 18.61% return, which is significantly lower than FDVV's 25.12% return.
JHQAX
18.61%
0.76%
10.27%
20.26%
10.53%
8.34%
FDVV
25.12%
0.15%
12.12%
33.06%
14.55%
N/A
Key characteristics
| JHQAX | FDVV | |
|---|---|---|
| Sharpe Ratio | 2.65 | 3.31 |
| Sortino Ratio | 3.73 | 4.52 |
| Omega Ratio | 1.56 | 1.62 |
| Calmar Ratio | 4.22 | 6.69 |
| Martin Ratio | 18.77 | 28.16 |
| Ulcer Index | 1.09% | 1.20% |
| Daily Std Dev | 7.73% | 10.20% |
| Max Drawdown | -18.82% | -40.25% |
| Current Drawdown | -0.89% | -0.56% |
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JHQAX vs. FDVV - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Correlation
The correlation between JHQAX and FDVV is 0.80, 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. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and Fidelity High Dividend ETF (FDVV). 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. FDVV - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.56%, less than FDVV's 2.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FDVV Fidelity High Dividend ETF | 2.72% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% |
Drawdowns
JHQAX vs. FDVV - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for JHQAX and FDVV. For additional features, visit the drawdowns tool.
Volatility
JHQAX vs. FDVV - Volatility Comparison
JPMorgan Hedged Equity Fund (JHQAX) and Fidelity High Dividend ETF (FDVV) have volatilities of 2.53% and 2.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.