JHQAX vs. GTEYX
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and Gateway Fund Class Y Shares (GTEYX).
JHQAX is managed by JPMorgan. It was launched on Dec 13, 2013. GTEYX is managed by Natixis.
Performance
JHQAX vs. GTEYX - Performance Comparison
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JHQAX vs. GTEYX - 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% |
GTEYX Gateway Fund Class Y Shares | -3.04% | 10.28% | 15.82% | 14.70% | -11.84% | 11.49% | 7.19% | 11.12% | -4.17% | 9.93% |
Returns By Period
In the year-to-date period, JHQAX achieves a -4.99% return, which is significantly lower than GTEYX's -3.04% return. Over the past 10 years, JHQAX has outperformed GTEYX with an annualized return of 8.48%, while GTEYX has yielded a comparatively lower 6.38% 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%
GTEYX
- 1D
- 1.71%
- 1M
- -3.62%
- YTD
- -3.04%
- 6M
- -0.59%
- 1Y
- 9.81%
- 3Y*
- 10.54%
- 5Y*
- 6.10%
- 10Y*
- 6.38%
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JHQAX vs. GTEYX - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than GTEYX's 0.70% expense ratio.
Return for Risk
JHQAX vs. GTEYX — Risk / Return Rank
JHQAX
GTEYX
JHQAX vs. GTEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and Gateway Fund Class Y Shares (GTEYX). 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 | GTEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.98 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.61 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.41 | +0.62 |
Martin ratioReturn relative to average drawdown | 4.24 | 1.55 | +2.69 |
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 | GTEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.98 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.67 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.73 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.66 | +0.15 |
Correlation
The correlation between JHQAX and GTEYX 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. GTEYX - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.39%, more than GTEYX's 0.38% 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% |
GTEYX Gateway Fund Class Y Shares | 0.38% | 0.39% | 0.65% | 0.90% | 0.89% | 0.66% | 1.06% | 1.32% | 1.41% | 1.24% | 1.60% | 2.09% |
Drawdowns
JHQAX vs. GTEYX - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, which is greater than GTEYX's maximum drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for JHQAX and GTEYX.
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Drawdown Indicators
| JHQAX | GTEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -16.58% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -7.04% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -16.25% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -16.25% | -2.57% |
Current DrawdownCurrent decline from peak | -6.21% | -4.37% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -2.08% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.00% | -1.32% |
Volatility
JHQAX vs. GTEYX - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.83%, while Gateway Fund Class Y Shares (GTEYX) has a volatility of 2.99%. This indicates that JHQAX experiences smaller price fluctuations and is considered to be less risky than GTEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHQAX | GTEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.99% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 5.86% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.24% | 12.50% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 9.56% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 8.87% | +0.53% |