FIXD vs. HLIPX
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and JPMorgan Core Plus Bond Fund (HLIPX).
FIXD is an actively managed fund by First Trust. It was launched on Feb 14, 2017. 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: FIXD or HLIPX.
Key characteristics
| FIXD | HLIPX | |
|---|---|---|
| YTD Return | 1.01% | 2.80% |
| 1Y Return | 6.97% | 8.32% |
| 3Y Return (Ann) | -3.11% | -1.74% |
| 5Y Return (Ann) | -0.36% | 0.12% |
| Sharpe Ratio | 1.23 | 1.65 |
| Sortino Ratio | 1.81 | 2.46 |
| Omega Ratio | 1.22 | 1.30 |
| Calmar Ratio | 0.50 | 0.67 |
| Martin Ratio | 3.84 | 6.69 |
| Ulcer Index | 2.14% | 1.43% |
| Daily Std Dev | 6.67% | 5.79% |
| Max Drawdown | -20.35% | -19.44% |
| Current Drawdown | -10.46% | -6.62% |
Correlation
The correlation between FIXD and HLIPX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIXD vs. HLIPX - Performance Comparison
In the year-to-date period, FIXD achieves a 1.01% return, which is significantly lower than HLIPX's 2.80% 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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FIXD vs. HLIPX - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than HLIPX's 0.46% expense ratio.
Risk-Adjusted Performance
FIXD vs. HLIPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Opportunistic Fixed Income ETF (FIXD) 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
FIXD vs. HLIPX - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.61%, less than HLIPX's 4.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.61% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.93% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
HLIPX JPMorgan Core Plus Bond Fund | 4.73% | 4.01% | 3.37% | 2.57% | 2.74% | 3.26% | 3.11% | 2.84% | 2.77% | 3.03% | 3.44% | 3.79% |
Drawdowns
FIXD vs. HLIPX - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.35%, roughly equal to the maximum HLIPX drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for FIXD and HLIPX. For additional features, visit the drawdowns tool.
Volatility
FIXD vs. HLIPX - Volatility Comparison
First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.77% compared to JPMorgan Core Plus Bond Fund (HLIPX) at 1.64%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than HLIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.