LCSIX vs. JHEQX
LCSIX (LoCorr Long/Short Commodity Strategies Fund) and JHEQX (JPMorgan Hedged Equity Fund Class I) are both mutual funds - LCSIX is a Systematic Trend fund managed by LoCorr, while JHEQX is a Equity Hedged fund managed by JPMorgan. Over the past 10 years, LCSIX returned 2.51%/yr vs 8.75%/yr for JHEQX. Their -0.03 correlation means they have often moved in opposite directions in the past. LCSIX charges 1.75%/yr vs 0.58%/yr for JHEQX.
Performance
LCSIX vs. JHEQX - Performance Comparison
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Returns By Period
In the year-to-date period, LCSIX achieves a 0.93% return, which is significantly higher than JHEQX's -1.20% return. Over the past 10 years, LCSIX has underperformed JHEQX with an annualized return of 2.51%, while JHEQX has yielded a comparatively higher 8.75% annualized return.
LCSIX
- 1D
- 0.12%
- 1M
- -0.23%
- 6M
- -3.87%
- YTD
- 0.93%
- 1Y
- 0.01%
- 3Y*
- -2.29%
- 5Y*
- 0.34%
- 10Y*
- 2.51%
- ALL TIME*
- 3.17%
JHEQX
- 1D
- 1.25%
- 1M
- 0.55%
- 6M
- -1.95%
- YTD
- -1.20%
- 1Y
- 5.34%
- 3Y*
- 8.05%
- 5Y*
- 6.67%
- 10Y*
- 8.75%
- ALL TIME*
- 7.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LCSIX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCSIX LoCorr Long/Short Commodity Strategies Fund | 0.93% | 1.13% | -8.29% | -3.07% | 6.04% | 14.90% | 9.90% | -5.97% | 15.16% | 6.19% |
JHEQX JPMorgan Hedged Equity Fund Class I | -1.20% | 7.49% | 18.23% | 16.07% | -8.05% | 13.43% | 14.10% | 13.31% | -0.72% | 12.70% |
Correlation
The correlation between LCSIX and JHEQX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | -0.03 |
The correlation between LCSIX and JHEQX shifts across timeframes, from -0.03 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LCSIX vs. JHEQX — Risk / Return Rank
LCSIX
JHEQX
LCSIX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LoCorr Long/Short Commodity Strategies Fund (LCSIX) 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.
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.
| LCSIX | JHEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.12 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.59 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.38 | 1.78 | -2.17 |
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Drawdowns
LCSIX vs. JHEQX - Drawdown Comparison
The maximum LCSIX drawdown since its inception was -25.13%, which is greater than JHEQX's maximum drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for LCSIX and JHEQX.
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Drawdown Indicators
| LCSIX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.13% | -18.85% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -6.88% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -13.07% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | -14.34% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -13.21% | -18.85% | +5.64% |
Current DrawdownCurrent decline from peak | -10.39% | -2.50% | -7.89% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -2.19% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.28% | +0.05% |
Volatility
LCSIX vs. JHEQX - Volatility Comparison
The current volatility for LoCorr Long/Short Commodity Strategies Fund (LCSIX) is 1.92%, while JPMorgan Hedged Equity Fund Class I (JHEQX) has a volatility of 2.23%. This indicates that LCSIX experiences smaller price fluctuations and is considered to be less risky 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
| LCSIX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 2.23% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.50% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 6.57% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 8.89% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 9.28% | -2.62% |
LCSIX vs. JHEQX - Expense Ratio Comparison
LCSIX has a 1.75% expense ratio, which is higher than JHEQX's 0.58% expense ratio.
Dividends
LCSIX vs. JHEQX - Dividend Comparison
LCSIX's dividend yield for the trailing twelve months is around 2.30%, more than JHEQX's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHEQX JPMorgan Hedged Equity Fund Class I | 0.56% | 0.65% | 0.75% | 0.98% | 0.99% | 0.71% | 1.11% | 1.11% | 1.13% | 0.99% | 1.35% | 1.21% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.30% | 2.32% | 2.75% | 1.88% | 10.75% | 7.14% | 2.94% | 0.54% | 12.36% | 0.02% | 3.21% | 7.36% |
Frequently Asked Questions
LCSIX and JHEQX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHEQX has higher volatility (2.23%) compared to LCSIX (1.92%). In terms of maximum drawdown, LCSIX dropped -25.13% vs JHEQX's -18.85%.
JHEQX currently has the higher Sharpe Ratio (0.62 vs -0.15), 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.
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