BALT vs. HLIPX
Compare and contrast key facts about Innovator Defined Wealth Shield ETF (BALT) and JPMorgan Core Plus Bond Fund (HLIPX).
BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021. HLIPX is managed by JPMorgan Chase. It was launched on Mar 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALT or HLIPX.
Key characteristics
| BALT | HLIPX | |
|---|---|---|
| YTD Return | 9.24% | 3.51% |
| 1Y Return | 11.23% | 10.50% |
| 3Y Return (Ann) | 6.45% | -1.74% |
| Sharpe Ratio | 3.69 | 1.67 |
| Sortino Ratio | 5.72 | 2.48 |
| Omega Ratio | 1.86 | 1.30 |
| Calmar Ratio | 6.06 | 0.65 |
| Martin Ratio | 32.81 | 6.98 |
| Ulcer Index | 0.34% | 1.39% |
| Daily Std Dev | 3.03% | 5.81% |
| Max Drawdown | -2.16% | -19.44% |
| Current Drawdown | 0.00% | -5.97% |
Correlation
The correlation between BALT and HLIPX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BALT vs. HLIPX - Performance Comparison
In the year-to-date period, BALT achieves a 9.24% return, which is significantly higher than HLIPX's 3.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BALT vs. HLIPX - Expense Ratio Comparison
BALT has a 0.69% expense ratio, which is higher than HLIPX's 0.46% expense ratio.
Risk-Adjusted Performance
BALT vs. HLIPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Defined Wealth Shield ETF (BALT) 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.
Dividends
BALT vs. HLIPX - Dividend Comparison
BALT has not paid dividends to shareholders, while HLIPX's dividend yield for the trailing twelve months is around 4.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HLIPX JPMorgan Core Plus Bond Fund | 4.70% | 4.01% | 3.37% | 2.57% | 2.74% | 3.26% | 3.11% | 2.84% | 2.77% | 3.03% | 3.44% | 3.79% |
Drawdowns
BALT vs. HLIPX - Drawdown Comparison
The maximum BALT drawdown since its inception was -2.16%, smaller than the maximum HLIPX drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for BALT and HLIPX. For additional features, visit the drawdowns tool.
Volatility
BALT vs. HLIPX - Volatility Comparison
The current volatility for Innovator Defined Wealth Shield ETF (BALT) is 0.80%, while JPMorgan Core Plus Bond Fund (HLIPX) has a volatility of 1.64%. This indicates that BALT 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.