JHQAX vs. SWPPX
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and Schwab S&P 500 Index Fund (SWPPX).
JHQAX is managed by JPMorgan. It was launched on Dec 13, 2013. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
JHQAX vs. SWPPX - Performance Comparison
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JHQAX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHQAX JPMorgan Hedged Equity Fund | -5.70% | 7.22% | 17.93% | 15.78% | -8.27% | 13.13% | 13.77% | 13.38% | -0.93% | 12.45% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, JHQAX achieves a -5.70% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, JHQAX has underperformed SWPPX with an annualized return of 8.40%, while SWPPX has yielded a comparatively higher 13.71% annualized return.
JHQAX
- 1D
- -0.27%
- 1M
- -6.23%
- YTD
- -5.70%
- 6M
- -3.39%
- 1Y
- 6.30%
- 3Y*
- 8.96%
- 5Y*
- 6.52%
- 10Y*
- 8.40%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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JHQAX vs. SWPPX - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
JHQAX vs. SWPPX — Risk / Return Rank
JHQAX
SWPPX
JHQAX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.84 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.30 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.06 | -0.40 |
Martin ratioReturn relative to average drawdown | 2.79 | 5.14 | -2.35 |
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 | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.84 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.68 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.76 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.48 | +0.33 |
Correlation
The correlation between JHQAX and SWPPX is 0.92, 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. SWPPX - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.39%, less than SWPPX's 1.19% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
JHQAX vs. SWPPX - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for JHQAX and SWPPX.
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Drawdown Indicators
| JHQAX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -55.06% | +36.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -12.10% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -24.51% | +10.03% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -33.80% | +14.98% |
Current DrawdownCurrent decline from peak | -6.91% | -8.89% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -10.00% | +7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.49% | -0.85% |
Volatility
JHQAX vs. SWPPX - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.63%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that JHQAX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHQAX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.29% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.49% | 9.11% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 18.14% | -7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 16.89% | -8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 18.19% | -8.79% |