JUEMX vs. HLIEX

Last updated Jun 24, 2026

JUEMX (JPMorgan U.S. Equity Fund R6) and HLIEX (JPMorgan Equity Income Fund) are both mutual funds - JUEMX is a Large Cap Blend Equities fund managed by JPMorgan, while HLIEX is a Large Cap Value Equities fund managed by JPMorgan. Over the past 10 years, JUEMX returned 16.43%/yr vs 12.60%/yr for HLIEX. Their correlation of 0.88 suggests significant overlap in exposure. JUEMX charges 0.44%/yr vs 0.70%/yr for HLIEX.

Performance

JUEMX vs. HLIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Equity Fund R6 (JUEMX) and JPMorgan Equity Income Fund (HLIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUEMX achieves a 4.58% return, which is significantly lower than HLIEX's 12.91% return. Over the past 10 years, JUEMX has outperformed HLIEX with an annualized return of 16.43%, while HLIEX has yielded a comparatively lower 12.60% annualized return.

JUEMX

• 1D: -1.02%
• 1M: 0.39%
• YTD: 4.58%
• 6M: 3.58%
• 1Y: 17.86%
• 3Y*: 20.50%
• 5Y*: 13.22%
• 10Y*: 16.43%

HLIEX

• 1D: 0.62%
• 1M: 3.35%
• YTD: 12.91%
• 6M: 12.12%
• 1Y: 24.43%
• 3Y*: 18.61%
• 5Y*: 11.64%
• 10Y*: 12.60%

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

JUEMX vs. HLIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JUEMX JPMorgan U.S. Equity Fund R6	4.58%	14.75%	31.28%	27.37%	-18.74%	28.66%	26.70%	32.40%	-5.80%	21.70%
HLIEX JPMorgan Equity Income Fund	12.91%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%

Correlation

The correlation between JUEMX and HLIEX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.88

Over the past year, the correlation between JUEMX and HLIEX has dropped to 0.66 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

JUEMX vs. HLIEX — Risk / Return Rank

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

JUEMX

JUEMX Risk / Return Rank: 28
JUEMX Sharpe Ratio Rank: 29
JUEMX Sortino Ratio Rank: 28
JUEMX Omega Ratio Rank: 30
JUEMX Calmar Ratio Rank: 22
JUEMX Martin Ratio Rank: 29

HLIEX

HLIEX Risk / Return Rank: 78
HLIEX Sharpe Ratio Rank: 79
HLIEX Sortino Ratio Rank: 78
HLIEX Omega Ratio Rank: 72
HLIEX Calmar Ratio Rank: 82
HLIEX Martin Ratio Rank: 79

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.

JUEMX vs. HLIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund R6 (JUEMX) and JPMorgan Equity Income Fund (HLIEX). 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.

	JUEMX	HLIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.41	-0.95
Sortino ratio: Return per unit of downside risk	2.03	3.40	-1.37
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	1.59	3.59	-2.00
Martin ratio: Return relative to average drawdown	6.32	13.70	-7.39

JUEMX vs. HLIEX - Sharpe Ratio Comparison

The current JUEMX Sharpe Ratio is 1.45, which is lower than the HLIEX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of JUEMX and HLIEX, 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

JUEMX vs. HLIEX - Drawdown Comparison

The maximum JUEMX drawdown since its inception was -33.37%, smaller than the maximum HLIEX drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for JUEMX and HLIEX.

Drawdown Indicators

	JUEMX	HLIEX	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-50.33%	+16.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-7.08%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-14.19%	-4.91%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-14.85%	-9.67%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-36.89%	+3.52%
Current Drawdown Current decline from peak	-1.74%	-0.11%	-1.63%
Average Drawdown Average peak-to-trough decline	-4.07%	-6.36%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	1.85%	+1.14%

Volatility

JUEMX vs. HLIEX - Volatility Comparison

JPMorgan U.S. Equity Fund R6 (JUEMX) has a higher volatility of 5.23% compared to JPMorgan Equity Income Fund (HLIEX) at 3.31%. This indicates that JUEMX's price experiences larger fluctuations and is considered to be riskier than HLIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUEMX	HLIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	3.31%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	8.05%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	10.61%	+2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	14.30%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	16.81%	+1.81%

JUEMX vs. HLIEX - Expense Ratio Comparison

JUEMX has a 0.44% expense ratio, which is lower than HLIEX's 0.70% expense ratio.

Dividends

JUEMX vs. HLIEX - Dividend Comparison

JUEMX's dividend yield for the trailing twelve months is around 5.69%, less than HLIEX's 9.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLIEX JPMorgan Equity Income Fund	9.58%	10.81%	14.41%	2.77%	3.67%	3.33%	1.82%	2.78%	5.12%	2.47%	2.45%	2.73%
JUEMX JPMorgan U.S. Equity Fund R6	5.69%	5.93%	12.09%	2.14%	5.20%	10.82%	6.70%	10.14%	14.65%	8.81%	4.87%	6.27%

Frequently Asked Questions

Can I hold both JUEMX and HLIEX in my portfolio?

JUEMX and HLIEX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUEMX or HLIEX?

JUEMX has higher volatility (5.23%) compared to HLIEX (3.31%). In terms of maximum drawdown, JUEMX dropped -33.37% vs HLIEX's -50.33%.

Which has better risk-adjusted returns?

HLIEX currently has the higher Sharpe Ratio (2.41 vs 1.45), 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.