WEFIX vs. HLGEX

Last updated Jul 14, 2026

WEFIX (Weitz Short Duration Income Fund) and HLGEX (JPMorgan Mid Cap Growth Fund) are both mutual funds - WEFIX is a Short-Term Bond fund managed by Weitz, while HLGEX is a Mid Cap Growth Equities fund managed by JPMorgan. Over the past 10 years, WEFIX returned 2.74%/yr vs 13.70%/yr for HLGEX. At a 0.02 correlation, their price movements are largely independent. WEFIX charges 0.48%/yr vs 0.89%/yr for HLGEX.

Performance

WEFIX vs. HLGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Short Duration Income Fund (WEFIX) and JPMorgan Mid Cap Growth Fund (HLGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEFIX achieves a 1.41% return, which is significantly lower than HLGEX's 6.79% return. Over the past 10 years, WEFIX has underperformed HLGEX with an annualized return of 2.74%, while HLGEX has yielded a comparatively higher 13.70% annualized return.

WEFIX

• 1D: -0.08%
• 1M: 0.13%
• 6M: 1.33%
• YTD: 1.41%
• 1Y: 4.20%
• 3Y*: 5.50%
• 5Y*: 3.15%
• 10Y*: 2.74%

HLGEX

• 1D: -1.16%
• 1M: 2.28%
• 6M: 3.05%
• YTD: 6.79%
• 1Y: 9.07%
• 3Y*: 14.76%
• 5Y*: 5.34%
• 10Y*: 13.70%

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

WEFIX vs. HLGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEFIX Weitz Short Duration Income Fund	1.41%	5.64%	6.12%	5.90%	-2.72%	1.04%	3.34%	4.23%	1.34%	1.54%
HLGEX JPMorgan Mid Cap Growth Fund	6.79%	8.65%	22.80%	23.11%	-27.08%	10.67%	48.33%	39.73%	-5.07%	29.51%

Correlation

The correlation between WEFIX and HLGEX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Mar 2, 1989	0.02

Over the past year, WEFIX and HLGEX have become more correlated (0.25) than their long-term average of 0.02, meaning their price movements have been converging.

Return for Risk

WEFIX vs. HLGEX — Risk / Return Rank

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

WEFIX

WEFIX Risk / Return Rank: 94
WEFIX Sharpe Ratio Rank: 88
WEFIX Sortino Ratio Rank: 97
WEFIX Omega Ratio Rank: 94
WEFIX Calmar Ratio Rank: 95
WEFIX Martin Ratio Rank: 97

HLGEX

HLGEX Risk / Return Rank: 9
HLGEX Sharpe Ratio Rank: 8
HLGEX Sortino Ratio Rank: 9
HLGEX Omega Ratio Rank: 8
HLGEX Calmar Ratio Rank: 9
HLGEX Martin Ratio Rank: 10

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.

WEFIX vs. HLGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and JPMorgan Mid Cap Growth Fund (HLGEX). 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.

	WEFIX	HLGEX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	0.45	+1.89
Sortino ratio: Return per unit of downside risk	5.01	0.76	+4.25
Omega ratio: Gain probability vs. loss probability	1.64	1.09	+0.56
Calmar ratio: Return relative to maximum drawdown	4.58	0.58	+4.00
Martin ratio: Return relative to average drawdown	21.19	1.83	+19.36

WEFIX vs. HLGEX - Sharpe Ratio Comparison

The current WEFIX Sharpe Ratio is 2.33, which is higher than the HLGEX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of WEFIX and HLGEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEFIX vs. HLGEX - Drawdown Comparison

The maximum WEFIX drawdown since its inception was -5.98%, smaller than the maximum HLGEX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for WEFIX and HLGEX.

Drawdown Indicators

	WEFIX	HLGEX	Difference
Max Drawdown Largest peak-to-trough decline	-5.98%	-57.65%	+51.67%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-14.19%	+13.28%
Max Drawdown (3Y) Largest decline over 3 years	-0.91%	-25.50%	+24.59%
Max Drawdown (5Y) Largest decline over 5 years	-4.75%	-37.16%	+32.41%
Max Drawdown (10Y) Largest decline over 10 years	-5.98%	-37.16%	+31.18%
Current Drawdown Current decline from peak	-0.17%	-3.67%	+3.50%
Average Drawdown Average peak-to-trough decline	-0.60%	-11.40%	+10.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	4.50%	-4.30%

Volatility

WEFIX vs. HLGEX - Volatility Comparison

The current volatility for Weitz Short Duration Income Fund (WEFIX) is 0.48%, while JPMorgan Mid Cap Growth Fund (HLGEX) has a volatility of 6.82%. This indicates that WEFIX experiences smaller price fluctuations and is considered to be less risky than HLGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEFIX	HLGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	6.82%	-6.34%
Volatility (6M) Calculated over the trailing 6-month period	1.38%	14.79%	-13.41%
Volatility (1Y) Calculated over the trailing 1-year period	1.79%	18.47%	-16.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.92%	22.49%	-20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.70%	21.97%	-20.27%

WEFIX vs. HLGEX - Expense Ratio Comparison

WEFIX has a 0.48% expense ratio, which is lower than HLGEX's 0.89% expense ratio.

Dividends

WEFIX vs. HLGEX - Dividend Comparison

WEFIX's dividend yield for the trailing twelve months is around 4.55%, less than HLGEX's 8.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLGEX JPMorgan Mid Cap Growth Fund	8.83%	9.43%	14.70%	0.00%	0.79%	8.87%	10.61%	7.29%	7.26%	6.41%	0.04%	5.32%
WEFIX Weitz Short Duration Income Fund	4.55%	4.55%	5.07%	3.73%	2.54%	1.87%	2.54%	2.49%	2.41%	2.11%	2.43%	2.39%

Frequently Asked Questions

Can I hold both WEFIX and HLGEX in my portfolio?

WEFIX and HLGEX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEFIX or HLGEX?

HLGEX has higher volatility (6.82%) compared to WEFIX (0.48%). In terms of maximum drawdown, WEFIX dropped -5.98% vs HLGEX's -57.65%.

Which has better risk-adjusted returns?

WEFIX currently has the higher Sharpe Ratio (2.33 vs 0.45), 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.