JSASX vs. JHEQX
Compare and contrast key facts about JPMorgan SmartRetirement 2045 Fund (JSASX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
JSASX is managed by JPMorgan. It was launched on Jul 30, 2007. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
JSASX vs. JHEQX - Performance Comparison
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JSASX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JSASX JPMorgan SmartRetirement 2045 Fund | -4.41% | 17.32% | 11.75% | 22.08% | -18.47% | 17.52% | 15.40% | 36.27% | -9.85% | 21.88% |
JHEQX JPMorgan Hedged Equity Fund Class I | -5.65% | 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, JSASX achieves a -4.41% return, which is significantly higher than JHEQX's -5.65% return. Over the past 10 years, JSASX has outperformed JHEQX with an annualized return of 10.50%, while JHEQX has yielded a comparatively lower 8.64% annualized return.
JSASX
- 1D
- -0.13%
- 1M
- -8.15%
- YTD
- -4.41%
- 6M
- -2.36%
- 1Y
- 12.62%
- 3Y*
- 12.86%
- 5Y*
- 6.81%
- 10Y*
- 10.50%
JHEQX
- 1D
- -0.30%
- 1M
- -6.20%
- YTD
- -5.65%
- 6M
- -3.28%
- 1Y
- 6.55%
- 3Y*
- 9.23%
- 5Y*
- 6.79%
- 10Y*
- 8.64%
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JSASX vs. JHEQX - Expense Ratio Comparison
JSASX has a 0.25% expense ratio, which is lower than JHEQX's 0.58% expense ratio.
Return for Risk
JSASX vs. JHEQX — Risk / Return Rank
JSASX
JHEQX
JSASX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2045 Fund (JSASX) 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.
| JSASX | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.65 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.00 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.70 | +0.36 |
Martin ratioReturn relative to average drawdown | 4.81 | 2.96 | +1.85 |
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
| JSASX | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.65 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.77 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.92 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.83 | -0.39 |
Correlation
The correlation between JSASX and JHEQX is 0.89, 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
JSASX vs. JHEQX - Dividend Comparison
JSASX's dividend yield for the trailing twelve months is around 5.54%, more than JHEQX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSASX JPMorgan SmartRetirement 2045 Fund | 5.54% | 5.29% | 4.39% | 1.66% | 11.21% | 16.58% | 4.42% | 18.55% | 5.43% | 3.88% | 2.93% | 3.14% |
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
JSASX vs. JHEQX - Drawdown Comparison
The maximum JSASX drawdown since its inception was -50.36%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for JSASX and JHEQX.
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Drawdown Indicators
| JSASX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.36% | -18.85% | -31.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -6.92% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -14.34% | -11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.26% | -18.85% | -14.41% |
Current DrawdownCurrent decline from peak | -8.65% | -6.88% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -2.16% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.63% | +0.69% |
Volatility
JSASX vs. JHEQX - Volatility Comparison
JPMorgan SmartRetirement 2045 Fund (JSASX) has a higher volatility of 4.62% compared to JPMorgan Hedged Equity Fund Class I (JHEQX) at 2.61%. This indicates that JSASX'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
| JSASX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 2.61% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 5.51% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 10.22% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 8.89% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 9.40% | +6.40% |