OAKMX vs. JHQAX
Compare and contrast key facts about Oakmark Fund Investor Class (OAKMX) and JPMorgan Hedged Equity Fund (JHQAX).
OAKMX is managed by Oakmark. It was launched on Aug 5, 1991. JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OAKMX or JHQAX.
Performance
OAKMX vs. JHQAX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with OAKMX having a 18.88% return and JHQAX slightly lower at 18.58%. Over the past 10 years, OAKMX has outperformed JHQAX with an annualized return of 12.14%, while JHQAX has yielded a comparatively lower 8.33% annualized return.
OAKMX
18.88%
3.41%
10.28%
30.02%
16.36%
12.14%
JHQAX
18.58%
0.79%
10.50%
20.18%
10.50%
8.33%
Key characteristics
| OAKMX | JHQAX | |
|---|---|---|
| Sharpe Ratio | 2.28 | 2.62 |
| Sortino Ratio | 3.23 | 3.68 |
| Omega Ratio | 1.40 | 1.56 |
| Calmar Ratio | 4.32 | 4.16 |
| Martin Ratio | 11.92 | 18.48 |
| Ulcer Index | 2.47% | 1.09% |
| Daily Std Dev | 12.89% | 7.73% |
| Max Drawdown | -56.19% | -18.82% |
| Current Drawdown | -1.82% | -0.92% |
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OAKMX vs. JHQAX - Expense Ratio Comparison
OAKMX has a 0.91% expense ratio, which is higher than JHQAX's 0.83% expense ratio.
Correlation
The correlation between OAKMX and JHQAX is 0.81, 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.
Risk-Adjusted Performance
OAKMX vs. JHQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Fund Investor Class (OAKMX) and JPMorgan Hedged Equity Fund (JHQAX). 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.
Dividends
OAKMX vs. JHQAX - Dividend Comparison
OAKMX's dividend yield for the trailing twelve months is around 0.86%, more than JHQAX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKMX Oakmark Fund Investor Class | 0.86% | 1.02% | 0.92% | 0.52% | 0.17% | 0.81% | 0.73% | 0.47% | 1.06% | 0.95% | 0.64% | 0.50% |
JHQAX JPMorgan Hedged Equity Fund | 0.56% | 0.74% | 0.74% | 0.50% | 0.89% | 0.89% | 0.91% | 0.75% | 1.11% | 0.97% | 1.07% | 0.00% |
Drawdowns
OAKMX vs. JHQAX - Drawdown Comparison
The maximum OAKMX drawdown since its inception was -56.19%, which is greater than JHQAX's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for OAKMX and JHQAX. For additional features, visit the drawdowns tool.
Volatility
OAKMX vs. JHQAX - Volatility Comparison
Oakmark Fund Investor Class (OAKMX) has a higher volatility of 4.77% compared to JPMorgan Hedged Equity Fund (JHQAX) at 2.53%. This indicates that OAKMX's price experiences larger fluctuations and is considered to be riskier than JHQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.