OLGAX vs. HJPSX

Last updated Jun 4, 2026

OLGAX (JPMorgan Large Cap Growth Fund Class A) and HJPSX (Hennessy Japan Small Cap Fund) are both mutual funds - OLGAX is a Large Cap Growth Equities fund managed by JPMorgan, while HJPSX is a Japan Equities fund managed by Hennessy. Over the past 10 years, OLGAX returned 19.58%/yr vs 10.47%/yr for HJPSX. At a 0.44 correlation, their price movements are largely independent. OLGAX charges 1.01%/yr vs 1.57%/yr for HJPSX.

Performance

OLGAX vs. HJPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Growth Fund Class A (OLGAX) and Hennessy Japan Small Cap Fund (HJPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OLGAX achieves a 7.74% return, which is significantly lower than HJPSX's 13.82% return. Over the past 10 years, OLGAX has outperformed HJPSX with an annualized return of 19.58%, while HJPSX has yielded a comparatively lower 10.47% annualized return.

OLGAX

• 1D: 0.66%
• 1M: 6.67%
• YTD: 7.74%
• 6M: 6.37%
• 1Y: 21.23%
• 3Y*: 23.49%
• 5Y*: 13.44%
• 10Y*: 19.58%

HJPSX

• 1D: -0.81%
• 1M: 4.23%
• YTD: 13.82%
• 6M: 18.30%
• 1Y: 30.69%
• 3Y*: 20.14%
• 5Y*: 8.50%
• 10Y*: 10.47%

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

OLGAX vs. HJPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OLGAX JPMorgan Large Cap Growth Fund Class A	7.74%	13.79%	34.85%	34.28%	-25.58%	17.87%	55.60%	38.81%	0.23%	37.75%
HJPSX Hennessy Japan Small Cap Fund	13.82%	29.02%	8.24%	16.30%	-16.35%	-4.64%	13.43%	19.97%	-12.56%	49.60%

Correlation

The correlation between OLGAX and HJPSX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.44

The correlation between OLGAX and HJPSX has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.

Return for Risk

OLGAX vs. HJPSX — Risk / Return Rank

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

OLGAX

OLGAX Risk / Return Rank: 19
OLGAX Sharpe Ratio Rank: 24
OLGAX Sortino Ratio Rank: 21
OLGAX Omega Ratio Rank: 23
OLGAX Calmar Ratio Rank: 14
OLGAX Martin Ratio Rank: 12

HJPSX

HJPSX Risk / Return Rank: 30
HJPSX Sharpe Ratio Rank: 34
HJPSX Sortino Ratio Rank: 31
HJPSX Omega Ratio Rank: 33
HJPSX Calmar Ratio Rank: 28
HJPSX Martin Ratio Rank: 25

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.

OLGAX vs. HJPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth Fund Class A (OLGAX) and Hennessy Japan Small Cap Fund (HJPSX). 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.

	OLGAX	HJPSX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.68	-0.28
Sortino ratio: Return per unit of downside risk	1.93	2.33	-0.40
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	1.29	1.97	-0.69
Martin ratio: Return relative to average drawdown	3.66	6.09	-2.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OLGAX vs. HJPSX - Sharpe Ratio Comparison

The current OLGAX Sharpe Ratio is 1.40, which is comparable to the HJPSX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of OLGAX and HJPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OLGAX	HJPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.68	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.50	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	0.59	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.51	-0.01

Drawdowns

OLGAX vs. HJPSX - Drawdown Comparison

The maximum OLGAX drawdown since its inception was -63.25%, which is greater than HJPSX's maximum drawdown of -47.91%. Use the drawdown chart below to compare losses from any high point for OLGAX and HJPSX.

Drawdown Indicators

	OLGAX	HJPSX	Difference
Max Drawdown Largest peak-to-trough decline	-63.25%	-47.91%	-15.34%
Max Drawdown (1Y) Largest decline over 1 year	-16.92%	-14.77%	-2.15%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-14.77%	-6.78%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-33.24%	+1.90%
Max Drawdown (10Y) Largest decline over 10 years	-31.87%	-34.80%	+2.93%
Current Drawdown Current decline from peak	0.00%	-3.74%	+3.74%
Average Drawdown Average peak-to-trough decline	-18.70%	-10.06%	-8.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	4.79%	+1.15%

Volatility

OLGAX vs. HJPSX - Volatility Comparison

JPMorgan Large Cap Growth Fund Class A (OLGAX) and Hennessy Japan Small Cap Fund (HJPSX) have volatilities of 3.87% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OLGAX	HJPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.07%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	13.33%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	17.39%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	17.24%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	17.74%	+3.84%

OLGAX vs. HJPSX - Expense Ratio Comparison

OLGAX has a 1.01% expense ratio, which is lower than HJPSX's 1.57% expense ratio.

Dividends

OLGAX vs. HJPSX - Dividend Comparison

OLGAX's dividend yield for the trailing twelve months is around 10.97%, less than HJPSX's 11.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HJPSX Hennessy Japan Small Cap Fund	11.64%	13.25%	3.64%	0.85%	0.61%	0.43%	0.23%	1.30%	3.46%	2.09%	2.03%	3.34%
OLGAX JPMorgan Large Cap Growth Fund Class A	10.97%	11.82%	2.06%	0.00%	3.20%	15.30%	5.32%	13.03%	16.18%	14.92%	9.94%	4.51%

Frequently Asked Questions

Can I hold both OLGAX and HJPSX in my portfolio?

OLGAX and HJPSX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OLGAX or HJPSX?

HJPSX has higher volatility (4.07%) compared to OLGAX (3.87%). In terms of maximum drawdown, OLGAX dropped -63.25% vs HJPSX's -47.91%.

Which has better risk-adjusted returns?

HJPSX currently has the higher Sharpe Ratio (1.68 vs 1.40), 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.