JPGSX vs. ADX

Last updated Jun 24, 2026

JPGSX (JPMorgan U.S. GARP Equity Fund) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - JPGSX is a Large Cap Growth Equities fund managed by JPMorgan, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, JPGSX returned 18.51%/yr vs 18.44%/yr for ADX. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.59% expense ratio.

Performance

JPGSX vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. GARP Equity Fund (JPGSX) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPGSX achieves a 4.99% return, which is significantly lower than ADX's 11.06% return. Both investments have delivered pretty close results over the past 10 years, with JPGSX having a 18.51% annualized return and ADX not far behind at 18.44%.

JPGSX

• 1D: -1.23%
• 1M: -1.83%
• YTD: 4.99%
• 6M: 3.77%
• 1Y: 23.84%
• 3Y*: 26.03%
• 5Y*: 15.78%
• 10Y*: 18.51%

ADX

• 1D: -0.44%
• 1M: -0.52%
• YTD: 11.06%
• 6M: 11.92%
• 1Y: 28.91%
• 3Y*: 27.63%
• 5Y*: 16.53%
• 10Y*: 18.44%

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

JPGSX vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPGSX JPMorgan U.S. GARP Equity Fund	4.99%	20.56%	39.85%	42.04%	-27.58%	30.71%	27.76%	29.24%	-3.44%	31.89%
ADX Adams Diversified Equity Fund, Inc.	11.06%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between JPGSX and ADX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 28, 2003	0.86

The correlation between JPGSX and ADX shifts across timeframes, from 0.76 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JPGSX vs. ADX — Risk / Return Rank

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

JPGSX

JPGSX Risk / Return Rank: 30
JPGSX Sharpe Ratio Rank: 35
JPGSX Sortino Ratio Rank: 31
JPGSX Omega Ratio Rank: 32
JPGSX Calmar Ratio Rank: 25
JPGSX Martin Ratio Rank: 28

ADX

ADX Risk / Return Rank: 61
ADX Sharpe Ratio Rank: 55
ADX Sortino Ratio Rank: 56
ADX Omega Ratio Rank: 48
ADX Calmar Ratio Rank: 61
ADX Martin Ratio Rank: 84

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.

JPGSX vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. GARP Equity Fund (JPGSX) and Adams Diversified Equity Fund, Inc. (ADX). 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.

	JPGSX	ADX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.02	-0.43
Sortino ratio: Return per unit of downside risk	2.16	2.89	-0.73
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	1.74	2.86	-1.12
Martin ratio: Return relative to average drawdown	6.05	14.47	-8.41

JPGSX vs. ADX - Sharpe Ratio Comparison

The current JPGSX Sharpe Ratio is 1.58, which is comparable to the ADX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of JPGSX and ADX, 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

JPGSX vs. ADX - Drawdown Comparison

The maximum JPGSX drawdown since its inception was -52.81%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for JPGSX and ADX.

Drawdown Indicators

	JPGSX	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-52.81%	-71.60%	+18.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-10.16%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	-18.29%	-4.76%
Max Drawdown (5Y) Largest decline over 5 years	-31.18%	-25.07%	-6.11%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-37.17%	+5.83%
Current Drawdown Current decline from peak	-4.41%	-2.85%	-1.56%
Average Drawdown Average peak-to-trough decline	-7.24%	-22.11%	+14.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	2.00%	+2.18%

Volatility

JPGSX vs. ADX - Volatility Comparison

JPMorgan U.S. GARP Equity Fund (JPGSX) has a higher volatility of 5.83% compared to Adams Diversified Equity Fund, Inc. (ADX) at 4.84%. This indicates that JPGSX's price experiences larger fluctuations and is considered to be riskier than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPGSX	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	4.84%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	11.12%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	14.43%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	17.40%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	18.05%	+2.66%

JPGSX vs. ADX - Expense Ratio Comparison

Both JPGSX and ADX have an expense ratio of 0.59%.

Dividends

JPGSX vs. ADX - Dividend Comparison

JPGSX's dividend yield for the trailing twelve months is around 6.98%, less than ADX's 7.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.51%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
JPGSX JPMorgan U.S. GARP Equity Fund	6.98%	7.33%	11.15%	0.92%	4.30%	21.34%	9.65%	12.78%	12.46%	0.63%	0.90%	0.05%

Frequently Asked Questions

Can I hold both JPGSX and ADX in my portfolio?

JPGSX and ADX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPGSX or ADX?

JPGSX has higher volatility (5.83%) compared to ADX (4.84%). In terms of maximum drawdown, JPGSX dropped -52.81% vs ADX's -71.60%.

Which has better risk-adjusted returns?

ADX currently has the higher Sharpe Ratio (2.02 vs 1.58), 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.