GUGAX vs. HLIPX
Compare and contrast key facts about GMO Multi-Sector Fixed Income Fund (GUGAX) and JPMorgan Core Plus Bond Fund (HLIPX).
GUGAX is managed by GMO. It was launched on Apr 30, 1997. HLIPX is managed by JPMorgan. It was launched on Mar 5, 1993.
Performance
GUGAX vs. HLIPX - Performance Comparison
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GUGAX vs. HLIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
HLIPX JPMorgan Core Plus Bond Fund | -0.31% | 7.98% | 2.64% | 6.38% | -12.69% | -0.30% | 7.93% | 8.73% | 0.01% | 4.26% |
Returns By Period
In the year-to-date period, GUGAX achieves a 0.96% return, which is significantly higher than HLIPX's -0.31% return. Over the past 10 years, GUGAX has underperformed HLIPX with an annualized return of 1.60%, while HLIPX has yielded a comparatively higher 2.40% annualized return.
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.90%
- 1Y
- 5.20%
- 3Y*
- 4.05%
- 5Y*
- 0.13%
- 10Y*
- 1.60%
HLIPX
- 1D
- 0.56%
- 1M
- -2.43%
- YTD
- -0.31%
- 6M
- 0.91%
- 1Y
- 4.63%
- 3Y*
- 4.34%
- 5Y*
- 0.97%
- 10Y*
- 2.40%
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GUGAX vs. HLIPX - Expense Ratio Comparison
GUGAX has a 0.45% expense ratio, which is lower than HLIPX's 0.46% expense ratio.
Return for Risk
GUGAX vs. HLIPX — Risk / Return Rank
GUGAX
HLIPX
GUGAX vs. HLIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Multi-Sector Fixed Income Fund (GUGAX) 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.
| GUGAX | HLIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.12 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.61 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.81 | 0.00 |
Martin ratioReturn relative to average drawdown | 6.66 | 6.20 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GUGAX | HLIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.12 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.17 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.52 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.10 | -1.02 |
Correlation
The correlation between GUGAX and HLIPX is 0.76, 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.
Dividends
GUGAX vs. HLIPX - Dividend Comparison
GUGAX's dividend yield for the trailing twelve months is around 4.52%, which matches HLIPX's 4.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
HLIPX JPMorgan Core Plus Bond Fund | 4.56% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
Drawdowns
GUGAX vs. HLIPX - Drawdown Comparison
The maximum GUGAX drawdown since its inception was -38.57%, which is greater than HLIPX's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for GUGAX and HLIPX.
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Drawdown Indicators
| GUGAX | HLIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.57% | -16.91% | -21.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.97% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -16.91% | -3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -23.06% | -16.91% | -6.15% |
Current DrawdownCurrent decline from peak | -6.72% | -2.43% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -1.94% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.86% | -0.02% |
Volatility
GUGAX vs. HLIPX - Volatility Comparison
The current volatility for GMO Multi-Sector Fixed Income Fund (GUGAX) is 0.00%, while JPMorgan Core Plus Bond Fund (HLIPX) has a volatility of 1.75%. This indicates that GUGAX 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
| GUGAX | HLIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.75% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 2.63% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 4.30% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 5.66% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 4.62% | +0.82% |