TANDX vs. HLEIX
TANDX (Castle Tandem Fund) and HLEIX (JPMorgan Equity Index Fund Class I) are both Large Cap Blend Equities funds. Over the past 5 years, TANDX returned 2.31%/yr vs 12.41%/yr for HLEIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. TANDX charges 1.59%/yr vs 0.38%/yr for HLEIX.
Performance
TANDX vs. HLEIX - Performance Comparison
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Returns By Period
In the year-to-date period, TANDX achieves a -6.75% return, which is significantly lower than HLEIX's 8.99% return.
TANDX
- 1D
- -0.76%
- 1M
- 3.12%
- 6M
- -5.57%
- YTD
- -6.75%
- 1Y
- -7.42%
- 3Y*
- 1.92%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 6.41%
HLEIX
- 1D
- 1.66%
- 1M
- -0.57%
- 6M
- 7.45%
- YTD
- 8.99%
- 1Y
- 20.13%
- 3Y*
- 18.72%
- 5Y*
- 12.41%
- 10Y*
- 14.75%
- ALL TIME*
- 10.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
TANDX vs. HLEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TANDX Castle Tandem Fund | -6.75% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 13.39% | 12.57% |
HLEIX JPMorgan Equity Index Fund Class I | 8.99% | 17.65% | 24.78% | 26.02% | -18.29% | 28.44% | 18.19% | 14.73% |
Correlation
The correlation between TANDX and HLEIX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.74 |
Over the past year, the correlation between TANDX and HLEIX has dropped to 0.33 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
TANDX vs. HLEIX — Risk / Return Rank
TANDX
HLEIX
TANDX vs. HLEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Castle Tandem Fund (TANDX) and JPMorgan Equity Index Fund Class I (HLEIX). 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.
| TANDX | HLEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.25 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.96 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.96 | 8.49 | -9.45 |
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Drawdowns
TANDX vs. HLEIX - Drawdown Comparison
The maximum TANDX drawdown since its inception was -93.98%, which is greater than HLEIX's maximum drawdown of -55.22%. Use the drawdown chart below to compare losses from any high point for TANDX and HLEIX.
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Drawdown Indicators
| TANDX | HLEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.98% | -55.22% | -38.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -9.14% | -7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -93.98% | -18.77% | -75.21% |
Max Drawdown (5Y)Largest decline over 5 years | -93.98% | -24.62% | -69.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.73% | — |
Current DrawdownCurrent decline from peak | -93.48% | -2.13% | -91.35% |
Average DrawdownAverage peak-to-trough decline | -21.84% | -8.76% | -13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.79% | 2.10% | +6.69% |
Volatility
TANDX vs. HLEIX - Volatility Comparison
Castle Tandem Fund (TANDX) has a higher volatility of 4.71% compared to JPMorgan Equity Index Fund Class I (HLEIX) at 3.45%. This indicates that TANDX's price experiences larger fluctuations and is considered to be riskier than HLEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TANDX | HLEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 3.45% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 10.14% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 12.89% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 596.04% | 17.00% | +579.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 491.15% | 18.07% | +473.08% |
TANDX vs. HLEIX - Expense Ratio Comparison
TANDX has a 1.59% expense ratio, which is higher than HLEIX's 0.38% expense ratio.
Dividends
TANDX vs. HLEIX - Dividend Comparison
TANDX's dividend yield for the trailing twelve months is around 6.62%, more than HLEIX's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLEIX JPMorgan Equity Index Fund Class I | 0.86% | 1.12% | 1.09% | 1.32% | 1.50% | 2.39% | 1.58% | 2.02% | 2.16% | 2.46% | 11.24% | 20.30% |
TANDX Castle Tandem Fund | 6.62% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TANDX and HLEIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TANDX has higher volatility (4.71%) compared to HLEIX (3.45%). In terms of maximum drawdown, TANDX dropped -93.98% vs HLEIX's -55.22%.
HLEIX currently has the higher Sharpe Ratio (1.39 vs -0.80), 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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