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AGG vs. HLIPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGG vs. HLIPX

Last updated Apr 15, 2026

AGG (iShares Core U.S. Aggregate Bond ETF) and HLIPX (JPMorgan Core Plus Bond Fund) are both funds — AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while HLIPX is a Intermediate Core-Plus Bond fund managed by JPMorgan. Over the past 10 years, AGG returned 1.70%/yr vs 2.43%/yr for HLIPX. Their correlation of 0.83 suggests significant overlap in exposure. AGG charges 0.03%/yr vs 0.46%/yr for HLIPX.

Performance

AGG vs. HLIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. Aggregate Bond ETF (AGG) and JPMorgan Core Plus Bond Fund (HLIPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AGG achieves a 0.88% return, which is significantly higher than HLIPX's 0.52% return. Over the past 10 years, AGG has underperformed HLIPX with an annualized return of 1.70%, while HLIPX has yielded a comparatively higher 2.43% annualized return.

AGG

1D
0.26%
1M
0.92%
YTD
0.88%
6M
0.97%
1Y
6.32%
3Y*
3.88%
5Y*
0.26%
10Y*
1.70%

HLIPX

1D
0.14%
1M
0.28%
YTD
0.52%
6M
0.92%
1Y
6.83%
3Y*
4.63%
5Y*
0.99%
10Y*
2.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGG vs. HLIPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AGG
iShares Core U.S. Aggregate Bond ETF		0.88%7.19%1.31%5.65%-13.02%-1.77%7.48%8.46%0.09%3.55%
HLIPX
JPMorgan Core Plus Bond Fund		0.52%7.98%2.64%6.38%-12.69%-0.30%7.93%8.73%0.01%4.26%

Correlation

The correlation between AGG and HLIPX is 0.95 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2003

0.83

The correlation between AGG and HLIPX shifts across timeframes, from 0.83 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core U.S. Aggregate Bond ETF

JPMorgan Core Plus Bond Fund

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Often compared with HLIPX:
HLIPX vs. WOBDXHLIPX vs. FIXDHLIPX vs. BALTHLIPX vs. UCONHLIPX vs. SAVYXHLIPX vs. AAPLHLIPX vs. DODIX

Return for Risk

AGG vs. HLIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGG
AGG Risk / Return Rank: 3737
Overall Rank
AGG Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
AGG Sortino Ratio Rank: 3434
Sortino Ratio Rank
AGG Omega Ratio Rank: 3131
Omega Ratio Rank
AGG Calmar Ratio Rank: 4545
Calmar Ratio Rank
AGG Martin Ratio Rank: 4141
Martin Ratio Rank
HLIPX
HLIPX Risk / Return Rank: 3030
Overall Rank
HLIPX Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
HLIPX Sortino Ratio Rank: 3636
Sortino Ratio Rank
HLIPX Omega Ratio Rank: 2929
Omega Ratio Rank
HLIPX Calmar Ratio Rank: 2626
Calmar Ratio Rank
HLIPX Martin Ratio Rank: 2828
Martin Ratio Rank
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.

AGG vs. HLIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and JPMorgan Core Plus Bond Fund (HLIPX). 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.

AGGHLIPXDifference

Sharpe ratio

Return per unit of total volatility

1.59

1.90

-0.31

Sortino ratio

Return per unit of downside risk

2.35

2.86

-0.51

Omega ratio

Gain probability vs. loss probability

1.28

1.35

-0.06

Calmar ratio

Return relative to maximum drawdown

2.72

2.25

+0.46

Martin ratio

Return relative to average drawdown

8.81

8.57

+0.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGG vs. HLIPX - Sharpe Ratio Comparison

The current AGG Sharpe Ratio is 1.59, which is comparable to the HLIPX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of AGG and HLIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AGGHLIPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

1.90

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.04

0.18

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.32

0.53

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

1.11

-0.51

Drawdowns

AGG vs. HLIPX - Drawdown Comparison

The maximum AGG drawdown since its inception was -18.43%, which is greater than HLIPX's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for AGG and HLIPX.

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Drawdown Indicators

AGGHLIPXDifference

Max Drawdown

Largest peak-to-trough decline

-18.43%

-16.91%

-1.52%

Max Drawdown (1Y)

Largest decline over 1 year

-2.52%

-2.97%

+0.45%

Max Drawdown (5Y)

Largest decline over 5 years

-17.82%

-16.91%

-0.91%

Max Drawdown (10Y)

Largest decline over 10 years

-18.43%

-16.91%

-1.52%

Current Drawdown

Current decline from peak

-1.53%

-1.62%

+0.09%

Average Drawdown

Average peak-to-trough decline

-2.71%

-1.94%

-0.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.78%

0.78%

0.00%

Volatility

AGG vs. HLIPX - Volatility Comparison

The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.57%, while JPMorgan Core Plus Bond Fund (HLIPX) has a volatility of 1.67%. This indicates that AGG experiences smaller price fluctuations and is considered to be less risky than HLIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AGGHLIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.57%

1.67%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

2.55%

2.62%

-0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

4.04%

4.03%

+0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.07%

5.65%

+0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.39%

4.62%

+0.77%

AGG vs. HLIPX - Expense Ratio Comparison

AGG has a 0.03% expense ratio, which is lower than HLIPX's 0.46% expense ratio.

Dividends

AGG vs. HLIPX - Dividend Comparison

AGG's dividend yield for the trailing twelve months is around 3.92%, less than HLIPX's 4.52% yield.

TTM20252024202320222021202020192018201720162015
AGG
iShares Core U.S. Aggregate Bond ETF		3.92%3.89%3.74%3.13%2.39%1.77%2.14%2.70%2.72%2.32%2.39%2.45%
HLIPX
JPMorgan Core Plus Bond Fund		4.52%4.86%4.88%4.02%3.36%3.25%4.36%3.23%3.08%2.83%2.77%3.25%