JLGQX vs. FUMIX

Last updated Jun 26, 2026

JLGQX (JPMorgan Large Cap Growth R4) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, JLGQX returned 11.79%/yr vs 16.19%/yr for FUMIX. Their correlation of 0.90 suggests significant overlap in exposure. JLGQX charges 0.69%/yr vs 0.11%/yr for FUMIX.

Performance

JLGQX vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Growth R4 (JLGQX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLGQX achieves a 3.35% return, which is significantly lower than FUMIX's 27.64% return.

JLGQX

• 1D: -0.06%
• 1M: -2.71%
• YTD: 3.35%
• 6M: 1.49%
• 1Y: 13.40%
• 3Y*: 20.96%
• 5Y*: 11.79%
• 10Y*: —

FUMIX

• 1D: -0.37%
• 1M: 3.05%
• YTD: 27.64%
• 6M: 25.21%
• 1Y: 34.69%
• 3Y*: 31.93%
• 5Y*: 16.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JLGQX vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLGQX JPMorgan Large Cap Growth R4	3.35%	14.08%	35.14%	34.61%	-25.39%	18.17%	55.99%	39.17%	0.47%	29.29%
FUMIX Fidelity SAI U.S. Momentum Index Fund	27.64%	17.01%	33.39%	14.67%	-15.79%	22.56%	29.92%	24.16%	-1.41%	22.71%

Correlation

The correlation between JLGQX and FUMIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.90

The correlation between JLGQX and FUMIX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

JLGQX vs. FUMIX — Risk / Return Rank

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

JLGQX

JLGQX Risk / Return Rank: 12
JLGQX Sharpe Ratio Rank: 13
JLGQX Sortino Ratio Rank: 13
JLGQX Omega Ratio Rank: 13
JLGQX Calmar Ratio Rank: 11
JLGQX Martin Ratio Rank: 10

FUMIX

FUMIX Risk / Return Rank: 64
FUMIX Sharpe Ratio Rank: 54
FUMIX Sortino Ratio Rank: 51
FUMIX Omega Ratio Rank: 53
FUMIX Calmar Ratio Rank: 78
FUMIX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JLGQX vs. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth R4 (JLGQX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JLGQX	FUMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.81	-1.00
Sortino ratio: Return per unit of downside risk	1.17	2.50	-1.32
Omega ratio: Gain probability vs. loss probability	1.15	1.33	-0.18
Calmar ratio: Return relative to maximum drawdown	0.80	3.09	-2.28
Martin ratio: Return relative to average drawdown	2.27	13.73	-11.46

JLGQX vs. FUMIX - Sharpe Ratio Comparison

The current JLGQX Sharpe Ratio is 0.80, which is lower than the FUMIX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of JLGQX and FUMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JLGQX vs. FUMIX - Drawdown Comparison

The maximum JLGQX drawdown since its inception was -31.84%, roughly equal to the maximum FUMIX drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for JLGQX and FUMIX.

Drawdown Indicators

	JLGQX	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.84%	-33.36%	+1.52%
Max Drawdown (1Y) Largest decline over 1 year	-16.82%	-10.99%	-5.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.51%	-19.90%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-31.23%	-27.66%	-3.57%
Current Drawdown Current decline from peak	-4.18%	-3.76%	-0.42%
Average Drawdown Average peak-to-trough decline	-6.81%	-6.29%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	2.46%	+3.49%

Volatility

JLGQX vs. FUMIX - Volatility Comparison

The current volatility for JPMorgan Large Cap Growth R4 (JLGQX) is 7.24%, while Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a volatility of 8.66%. This indicates that JLGQX experiences smaller price fluctuations and is considered to be less risky than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLGQX	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	8.66%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	16.37%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	18.77%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	21.44%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	21.86%	+0.21%

JLGQX vs. FUMIX - Expense Ratio Comparison

JLGQX has a 0.69% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

JLGQX vs. FUMIX - Dividend Comparison

JLGQX's dividend yield for the trailing twelve months is around 11.08%, more than FUMIX's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.17%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%
JLGQX JPMorgan Large Cap Growth R4	11.08%	11.45%	2.01%	0.15%	3.44%	14.95%	5.31%	12.99%	15.98%	14.79%

Frequently Asked Questions

Can I hold both JLGQX and FUMIX in my portfolio?

JLGQX and FUMIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JLGQX or FUMIX?

FUMIX has higher volatility (8.66%) compared to JLGQX (7.24%). In terms of maximum drawdown, JLGQX dropped -31.84% vs FUMIX's -33.36%.

Which has better risk-adjusted returns?

FUMIX currently has the higher Sharpe Ratio (1.81 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.