ABCA.PA vs. HLLVX

Last updated Jun 4, 2026

ABCA.PA (ABC arbitrage SA) is a stock, while HLLVX (JPMorgan Short Duration Bond Fund) is Short-Term Bond fund managed by JPMorgan. Over the past 10 years, ABCA.PA returned 4.33%/yr vs 2.05%/yr for HLLVX. At a correlation of -0.04, they often move in opposite directions.

Performance

ABCA.PA vs. HLLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ABC arbitrage SA (ABCA.PA) and JPMorgan Short Duration Bond Fund (HLLVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ABCA.PA is traded in EUR, while HLLVX is traded in USD. To make them comparable, the HLLVX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ABCA.PA achieves a 0.37% return, which is significantly lower than HLLVX's 1.34% return. Over the past 10 years, ABCA.PA has outperformed HLLVX with an annualized return of 4.33%, while HLLVX has yielded a comparatively lower 2.05% annualized return.

ABCA.PA

• 1D: 0.57%
• 1M: 0.76%
• YTD: 0.37%
• 6M: 0.19%
• 1Y: -11.51%
• 3Y*: 1.96%
• 5Y*: 1.09%
• 10Y*: 4.33%

HLLVX

• 1D: 0.12%
• 1M: 0.75%
• YTD: 1.34%
• 6M: 1.04%
• 1Y: 1.33%
• 3Y*: 2.03%
• 5Y*: 3.25%
• 10Y*: 2.05%

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

ABCA.PA vs. HLLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABCA.PA ABC arbitrage SA	0.37%	19.60%	6.72%	-19.95%	-4.30%	6.70%	13.63%	17.74%	2.70%	-9.27%
HLLVX JPMorgan Short Duration Bond Fund	1.34%	-6.96%	12.09%	2.24%	2.26%	7.41%	-4.11%	6.61%	5.91%	-11.54%

Correlation

The correlation between ABCA.PA and HLLVX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007	-0.04

Return for Risk

ABCA.PA vs. HLLVX — Risk / Return Rank

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

ABCA.PA

ABCA.PA Risk / Return Rank: 18
ABCA.PA Sharpe Ratio Rank: 14
ABCA.PA Sortino Ratio Rank: 16
ABCA.PA Omega Ratio Rank: 15
ABCA.PA Calmar Ratio Rank: 22
ABCA.PA Martin Ratio Rank: 21

HLLVX

HLLVX Risk / Return Rank: 75
HLLVX Sharpe Ratio Rank: 77
HLLVX Sortino Ratio Rank: 88
HLLVX Omega Ratio Rank: 86
HLLVX Calmar Ratio Rank: 72
HLLVX Martin Ratio Rank: 54

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.

ABCA.PA vs. HLLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABC arbitrage SA (ABCA.PA) and JPMorgan Short Duration Bond Fund (HLLVX). 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.

	ABCA.PA	HLLVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	0.33	-0.95
Sortino ratio: Return per unit of downside risk	-0.70	0.51	-1.21
Omega ratio: Gain probability vs. loss probability	0.90	1.06	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.55	0.51	-1.06
Martin ratio: Return relative to average drawdown	-1.01	1.19	-2.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABCA.PA vs. HLLVX - Sharpe Ratio Comparison

The current ABCA.PA Sharpe Ratio is -0.62, which is lower than the HLLVX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of ABCA.PA and HLLVX, 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

	ABCA.PA	HLLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	0.33	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.45	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.29	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.35	-0.07

Drawdowns

ABCA.PA vs. HLLVX - Drawdown Comparison

The maximum ABCA.PA drawdown since its inception was -89.34%, which is greater than HLLVX's maximum drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for ABCA.PA and HLLVX.

Drawdown Indicators

	ABCA.PA	HLLVX	Difference
Max Drawdown Largest peak-to-trough decline	-89.34%	-17.88%	-71.46%
Max Drawdown (1Y) Largest decline over 1 year	-20.71%	-3.75%	-16.96%
Max Drawdown (3Y) Largest decline over 3 years	-39.00%	-10.65%	-28.35%
Max Drawdown (5Y) Largest decline over 5 years	-47.12%	-12.03%	-35.09%
Max Drawdown (10Y) Largest decline over 10 years	-47.12%	-16.47%	-30.65%
Current Drawdown Current decline from peak	-13.01%	-6.66%	-6.35%
Average Drawdown Average peak-to-trough decline	-23.26%	-6.33%	-16.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	1.61%	+9.70%

Volatility

ABCA.PA vs. HLLVX - Volatility Comparison

ABC arbitrage SA (ABCA.PA) has a higher volatility of 4.13% compared to JPMorgan Short Duration Bond Fund (HLLVX) at 1.06%. This indicates that ABCA.PA's price experiences larger fluctuations and is considered to be riskier than HLLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABCA.PA	HLLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	1.06%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	15.67%	4.01%	+11.66%
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	5.84%	+12.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	7.24%	+11.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	7.13%	+11.67%

Dividends

ABCA.PA vs. HLLVX - Dividend Comparison

ABCA.PA's dividend yield for the trailing twelve months is around 6.39%, more than HLLVX's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABCA.PA ABC arbitrage SA	6.39%	6.30%	6.26%	8.53%	6.20%	8.12%	4.55%	6.42%	6.58%	3.82%	6.55%	7.80%
HLLVX JPMorgan Short Duration Bond Fund	3.86%	4.21%	3.98%	2.95%	1.45%	1.21%	2.03%	2.40%	1.71%	1.23%	0.95%	0.99%

Frequently Asked Questions

Can I hold both ABCA.PA and HLLVX in my portfolio?

ABCA.PA and HLLVX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.