JHQAX vs. HDV
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and iShares Core High Dividend ETF (HDV).
JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHQAX or HDV.
Performance
JHQAX vs. HDV - Performance Comparison
Returns By Period
In the year-to-date period, JHQAX achieves a 19.15% return, which is significantly lower than HDV's 21.63% return. Both investments have delivered pretty close results over the past 10 years, with JHQAX having a 8.37% annualized return and HDV not far ahead at 8.46%.
JHQAX
19.15%
1.74%
11.10%
20.50%
10.59%
8.37%
HDV
21.63%
1.45%
12.96%
27.18%
8.83%
8.46%
Key characteristics
| JHQAX | HDV | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.78 |
| Sortino Ratio | 3.72 | 4.09 |
| Omega Ratio | 1.56 | 1.51 |
| Calmar Ratio | 4.22 | 5.21 |
| Martin Ratio | 18.71 | 20.79 |
| Ulcer Index | 1.10% | 1.31% |
| Daily Std Dev | 7.73% | 9.77% |
| Max Drawdown | -18.82% | -37.04% |
| Current Drawdown | -0.45% | 0.00% |
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JHQAX vs. HDV - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than HDV's 0.08% expense ratio.
Correlation
The correlation between JHQAX and HDV is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
JHQAX vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and iShares Core High Dividend ETF (HDV). 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. HDV - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.56%, less than HDV's 3.29% yield.
| 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% |
HDV iShares Core High Dividend ETF | 3.29% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
JHQAX vs. HDV - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for JHQAX and HDV. For additional features, visit the drawdowns tool.
Volatility
JHQAX vs. HDV - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.47%, while iShares Core High Dividend ETF (HDV) has a volatility of 2.97%. This indicates that JHQAX experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.