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 Chase. It was launched on Dec 13, 2013. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHQAX or SWPPX.
Performance
JHQAX vs. SWPPX - Performance Comparison
Returns By Period
In the year-to-date period, JHQAX achieves a 18.58% return, which is significantly lower than SWPPX's 25.53% return. Over the past 10 years, JHQAX has underperformed SWPPX with an annualized return of 8.33%, while SWPPX has yielded a comparatively higher 13.12% annualized return.
JHQAX
18.58%
0.79%
10.50%
20.18%
10.50%
8.33%
SWPPX
25.53%
1.18%
12.20%
32.17%
15.57%
13.12%
Key characteristics
| JHQAX | SWPPX | |
|---|---|---|
| Sharpe Ratio | 2.62 | 2.59 |
| Sortino Ratio | 3.68 | 3.47 |
| Omega Ratio | 1.56 | 1.48 |
| Calmar Ratio | 4.16 | 3.77 |
| Martin Ratio | 18.48 | 16.91 |
| Ulcer Index | 1.09% | 1.89% |
| Daily Std Dev | 7.73% | 12.30% |
| Max Drawdown | -18.82% | -55.06% |
| Current Drawdown | -0.92% | -1.35% |
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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.
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.
Risk-Adjusted Performance
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.
Dividends
JHQAX vs. SWPPX - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.56%, less than SWPPX's 1.14% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.14% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
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.
Volatility
JHQAX vs. SWPPX - Volatility Comparison
The current volatility for JPMorgan Hedged Equity Fund (JHQAX) is 2.53%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.06%. 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.