JOBEX vs. JHEQX
Compare and contrast key facts about JPMorgan SmartRetirement Blend 2040 Fund (JOBEX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
JOBEX is managed by JPMorgan. It was launched on Jul 1, 2012. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
JOBEX vs. JHEQX - Performance Comparison
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JOBEX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JOBEX JPMorgan SmartRetirement Blend 2040 Fund | -1.03% | 18.44% | 10.22% | 21.08% | -17.39% | 15.31% | 12.76% | 24.05% | -8.23% | 19.96% |
JHEQX JPMorgan Hedged Equity Fund Class I | -4.94% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
Returns By Period
In the year-to-date period, JOBEX achieves a -1.03% return, which is significantly higher than JHEQX's -4.94% return. Over the past 10 years, JOBEX has outperformed JHEQX with an annualized return of 9.46%, while JHEQX has yielded a comparatively lower 8.72% annualized return.
JOBEX
- 1D
- 2.35%
- 1M
- -4.83%
- YTD
- -1.03%
- 6M
- 1.29%
- 1Y
- 17.04%
- 3Y*
- 13.79%
- 5Y*
- 7.10%
- 10Y*
- 9.46%
JHEQX
- 1D
- 0.75%
- 1M
- -5.47%
- YTD
- -4.94%
- 6M
- -2.73%
- 1Y
- 7.14%
- 3Y*
- 9.50%
- 5Y*
- 6.83%
- 10Y*
- 8.72%
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JOBEX vs. JHEQX - Expense Ratio Comparison
JOBEX has a 0.30% expense ratio, which is lower than JHEQX's 0.58% expense ratio.
Return for Risk
JOBEX vs. JHEQX — Risk / Return Rank
JOBEX
JHEQX
JOBEX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2040 Fund (JOBEX) and JPMorgan Hedged Equity Fund Class I (JHEQX). 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.
| JOBEX | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.72 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.10 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.07 | +0.69 |
Martin ratioReturn relative to average drawdown | 8.16 | 4.43 | +3.72 |
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
| JOBEX | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.72 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.77 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.93 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.84 | -0.18 |
Correlation
The correlation between JOBEX and JHEQX is 0.88, 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
JOBEX vs. JHEQX - Dividend Comparison
JOBEX's dividend yield for the trailing twelve months is around 2.52%, more than JHEQX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOBEX JPMorgan SmartRetirement Blend 2040 Fund | 2.52% | 2.50% | 2.28% | 2.13% | 1.79% | 5.22% | 1.25% | 2.89% | 6.52% | 1.91% | 2.03% | 2.06% |
JHEQX JPMorgan Hedged Equity Fund Class I | 0.64% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
Drawdowns
JOBEX vs. JHEQX - Drawdown Comparison
The maximum JOBEX drawdown since its inception was -30.84%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for JOBEX and JHEQX.
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Drawdown Indicators
| JOBEX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.84% | -18.85% | -11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -6.92% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -14.34% | -10.35% |
Max Drawdown (10Y)Largest decline over 10 years | -30.84% | -18.85% | -11.99% |
Current DrawdownCurrent decline from peak | -5.76% | -6.19% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -2.16% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.67% | +0.47% |
Volatility
JOBEX vs. JHEQX - Volatility Comparison
JPMorgan SmartRetirement Blend 2040 Fund (JOBEX) has a higher volatility of 5.10% compared to JPMorgan Hedged Equity Fund Class I (JHEQX) at 2.81%. This indicates that JOBEX's price experiences larger fluctuations and is considered to be riskier than JHEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOBEX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 2.81% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 5.56% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 10.23% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 8.89% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.27% | 9.41% | +4.86% |