JHQAX vs. OAKMX
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and Oakmark Fund Investor Class (OAKMX).
JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013. OAKMX is managed by Oakmark. It was launched on Aug 5, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHQAX or OAKMX.
Performance
JHQAX vs. OAKMX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with JHQAX having a 18.58% return and OAKMX slightly higher at 18.88%. Over the past 10 years, JHQAX has underperformed OAKMX with an annualized return of 8.33%, while OAKMX has yielded a comparatively higher 12.14% annualized return.
JHQAX
18.58%
0.79%
10.50%
20.18%
10.50%
8.33%
OAKMX
18.88%
3.41%
10.28%
30.02%
16.36%
12.14%
Key characteristics
| JHQAX | OAKMX | |
|---|---|---|
| Sharpe Ratio | 2.62 | 2.28 |
| Sortino Ratio | 3.68 | 3.23 |
| Omega Ratio | 1.56 | 1.40 |
| Calmar Ratio | 4.16 | 4.32 |
| Martin Ratio | 18.48 | 11.92 |
| Ulcer Index | 1.09% | 2.47% |
| Daily Std Dev | 7.73% | 12.89% |
| Max Drawdown | -18.82% | -56.19% |
| Current Drawdown | -0.92% | -1.82% |
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JHQAX vs. OAKMX - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is lower than OAKMX's 0.91% expense ratio.
Correlation
The correlation between JHQAX and OAKMX is 0.81, 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. OAKMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and Oakmark Fund Investor Class (OAKMX). 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. OAKMX - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.56%, less than OAKMX's 0.86% 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% |
OAKMX Oakmark Fund Investor Class | 0.86% | 1.02% | 0.92% | 0.52% | 0.17% | 0.81% | 0.73% | 0.47% | 1.06% | 0.95% | 0.64% | 0.50% |
Drawdowns
JHQAX vs. OAKMX - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, smaller than the maximum OAKMX drawdown of -56.19%. Use the drawdown chart below to compare losses from any high point for JHQAX and OAKMX. For additional features, visit the drawdowns tool.
Volatility
JHQAX vs. OAKMX - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.53%, while Oakmark Fund Investor Class (OAKMX) has a volatility of 4.77%. This indicates that JHQAX experiences smaller price fluctuations and is considered to be less risky than OAKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.