OSTAX vs. JHEQX
Compare and contrast key facts about JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and JPMorgan Hedged Equity Fund Class I (JHEQX).
OSTAX is managed by JPMorgan. It was launched on May 3, 1998. JHEQX is managed by JPMorgan. It was launched on Dec 13, 2013.
Performance
OSTAX vs. JHEQX - Performance Comparison
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OSTAX vs. JHEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | -0.29% | 3.89% | 1.64% | 3.13% | -5.27% | -0.26% | 3.02% | 4.31% | 0.80% | 2.01% |
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, OSTAX achieves a -0.29% return, which is significantly higher than JHEQX's -5.65% return. Over the past 10 years, OSTAX has underperformed JHEQX with an annualized return of 1.11%, while JHEQX has yielded a comparatively higher 8.64% annualized return.
OSTAX
- 1D
- 0.00%
- 1M
- -1.46%
- YTD
- -0.29%
- 6M
- 0.17%
- 1Y
- 2.72%
- 3Y*
- 2.25%
- 5Y*
- 0.63%
- 10Y*
- 1.11%
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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OSTAX vs. JHEQX - Expense Ratio Comparison
OSTAX has a 0.87% expense ratio, which is higher than JHEQX's 0.58% expense ratio.
Return for Risk
OSTAX vs. JHEQX — Risk / Return Rank
OSTAX
JHEQX
OSTAX vs. JHEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) 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.
| OSTAX | JHEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.65 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.00 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.15 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.70 | +0.77 |
Martin ratioReturn relative to average drawdown | 5.67 | 2.96 | +2.70 |
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
| OSTAX | JHEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.65 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.77 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.92 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.83 | +0.32 |
Correlation
The correlation between OSTAX and JHEQX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
OSTAX vs. JHEQX - Dividend Comparison
OSTAX's dividend yield for the trailing twelve months is around 2.40%, more than JHEQX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.40% | 2.62% | 2.52% | 1.88% | 1.33% | 1.03% | 1.20% | 1.56% | 1.56% | 1.03% | 1.45% | 0.68% |
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
OSTAX vs. JHEQX - Drawdown Comparison
The maximum OSTAX drawdown since its inception was -8.72%, smaller than the maximum JHEQX drawdown of -18.85%. Use the drawdown chart below to compare losses from any high point for OSTAX and JHEQX.
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Drawdown Indicators
| OSTAX | JHEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -18.85% | +10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -6.92% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | -14.34% | +5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -18.85% | +10.13% |
Current DrawdownCurrent decline from peak | -1.46% | -6.88% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -2.16% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.63% | -1.10% |
Volatility
OSTAX vs. JHEQX - Volatility Comparison
The current volatility for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) is 0.59%, while JPMorgan Hedged Equity Fund Class I (JHEQX) has a volatility of 2.61%. This indicates that OSTAX 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
| OSTAX | JHEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 2.61% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 5.51% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 10.22% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 8.89% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.34% | 9.40% | -7.06% |