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JHQAX vs. SWPPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

JHQAX vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Hedged Equity Fund (JHQAX) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%SeptemberOctoberNovemberDecember2025February
3.94%
5.48%
JHQAX
SWPPX

Key characteristics

Sharpe Ratio

JHQAX:

1.50

SWPPX:

1.34

Sortino Ratio

JHQAX:

2.06

SWPPX:

1.83

Omega Ratio

JHQAX:

1.29

SWPPX:

1.24

Calmar Ratio

JHQAX:

2.60

SWPPX:

2.03

Martin Ratio

JHQAX:

9.97

SWPPX:

8.21

Ulcer Index

JHQAX:

1.27%

SWPPX:

2.09%

Daily Std Dev

JHQAX:

8.45%

SWPPX:

12.85%

Max Drawdown

JHQAX:

-18.82%

SWPPX:

-55.06%

Current Drawdown

JHQAX:

-2.72%

SWPPX:

-4.57%

Returns By Period

In the year-to-date period, JHQAX achieves a -0.33% return, which is significantly lower than SWPPX's -0.16% return. Over the past 10 years, JHQAX has underperformed SWPPX with an annualized return of 7.84%, while SWPPX has yielded a comparatively higher 12.47% annualized return.


JHQAX

YTD

-0.33%

1M

-2.03%

6M

3.94%

1Y

12.62%

5Y*

10.80%

10Y*

7.84%

SWPPX

YTD

-0.16%

1M

-3.28%

6M

5.48%

1Y

17.13%

5Y*

16.51%

10Y*

12.47%

*Annualized

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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.


Expense ratio chart for JHQAX: current value at 0.83% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.83%
Expense ratio chart for SWPPX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

JHQAX vs. SWPPX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHQAX
The Risk-Adjusted Performance Rank of JHQAX is 8484
Overall Rank
The Sharpe Ratio Rank of JHQAX is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of JHQAX is 7979
Sortino Ratio Rank
The Omega Ratio Rank of JHQAX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of JHQAX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of JHQAX is 8989
Martin Ratio Rank

SWPPX
The Risk-Adjusted Performance Rank of SWPPX is 7979
Overall Rank
The Sharpe Ratio Rank of SWPPX is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of SWPPX is 7373
Sortino Ratio Rank
The Omega Ratio Rank of SWPPX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of SWPPX is 8787
Calmar Ratio Rank
The Martin Ratio Rank of SWPPX is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JHQAX vs. SWPPX - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for JHQAX, currently valued at 1.50, compared to the broader market-1.000.001.002.003.004.001.501.34
The chart of Sortino ratio for JHQAX, currently valued at 2.06, compared to the broader market0.002.004.006.008.0010.0012.002.061.83
The chart of Omega ratio for JHQAX, currently valued at 1.29, compared to the broader market1.002.003.004.001.291.24
The chart of Calmar ratio for JHQAX, currently valued at 2.60, compared to the broader market0.005.0010.0015.002.602.03
The chart of Martin ratio for JHQAX, currently valued at 9.97, compared to the broader market0.0020.0040.0060.0080.009.978.21
JHQAX
SWPPX

The current JHQAX Sharpe Ratio is 1.50, which is comparable to the SWPPX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of JHQAX and SWPPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50SeptemberOctoberNovemberDecember2025February
1.50
1.34
JHQAX
SWPPX

Dividends

JHQAX vs. SWPPX - Dividend Comparison

JHQAX's dividend yield for the trailing twelve months is around 0.51%, less than SWPPX's 1.23% yield.


TTM20242023202220212020201920182017201620152014
JHQAX
JPMorgan Hedged Equity Fund
0.51%0.51%0.74%0.74%0.50%0.89%0.89%0.91%0.75%1.11%0.97%1.07%
SWPPX
Schwab S&P 500 Index Fund
1.23%1.23%1.43%1.67%1.17%1.81%1.77%2.20%1.75%1.99%2.15%1.80%

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. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%SeptemberOctoberNovemberDecember2025February
-2.72%
-4.57%
JHQAX
SWPPX

Volatility

JHQAX vs. SWPPX - Volatility Comparison

The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.00%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.30%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2025February
2.00%
3.30%
JHQAX
SWPPX