HLGAX vs. DFFGX
Compare and contrast key facts about JPMorgan Government Bond Fund (HLGAX) and DFA Short-Term Government Portfolio (DFFGX).
HLGAX is managed by JPMorgan. It was launched on Feb 7, 1993. DFFGX is managed by Dimensional. It was launched on May 31, 1987.
Performance
HLGAX vs. DFFGX - Performance Comparison
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HLGAX vs. DFFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | -0.19% | 6.70% | 1.26% | 4.38% | -11.85% | -2.12% | 6.95% | 6.58% | 0.84% | 2.36% |
DFFGX DFA Short-Term Government Portfolio | 0.87% | 3.12% | 5.29% | 5.01% | -4.41% | -1.27% | 0.39% | 2.52% | 1.17% | 0.51% |
Returns By Period
In the year-to-date period, HLGAX achieves a -0.19% return, which is significantly lower than DFFGX's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with HLGAX having a 1.20% annualized return and DFFGX not far behind at 1.18%.
HLGAX
- 1D
- 0.10%
- 1M
- -1.63%
- YTD
- -0.19%
- 6M
- 0.55%
- 1Y
- 3.48%
- 3Y*
- 3.07%
- 5Y*
- -0.02%
- 10Y*
- 1.20%
DFFGX
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 1.92%
- 1Y
- 2.99%
- 3Y*
- 4.36%
- 5Y*
- 1.81%
- 10Y*
- 1.18%
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HLGAX vs. DFFGX - Expense Ratio Comparison
HLGAX has a 0.47% expense ratio, which is higher than DFFGX's 0.18% expense ratio.
Return for Risk
HLGAX vs. DFFGX — Risk / Return Rank
HLGAX
DFFGX
HLGAX vs. DFFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Government Bond Fund (HLGAX) and DFA Short-Term Government Portfolio (DFFGX). 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.
| HLGAX | DFFGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.60 | -1.70 |
Sortino ratioReturn per unit of downside risk | 1.32 | 2.99 | -1.67 |
Omega ratioGain probability vs. loss probability | 1.16 | 3.97 | -2.81 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.09 | -1.66 |
Martin ratioReturn relative to average drawdown | 4.22 | 9.14 | -4.92 |
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
| HLGAX | DFFGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.60 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.98 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.76 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.49 | +0.38 |
Correlation
The correlation between HLGAX and DFFGX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HLGAX vs. DFFGX - Dividend Comparison
HLGAX's dividend yield for the trailing twelve months is around 3.01%, more than DFFGX's 2.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | 3.01% | 2.91% | 2.86% | 2.56% | 2.12% | 1.49% | 1.80% | 2.36% | 2.45% | 2.44% | 2.78% | 3.99% |
DFFGX DFA Short-Term Government Portfolio | 2.86% | 2.98% | 4.87% | 3.57% | 1.85% | 0.15% | 0.29% | 1.83% | 1.53% | 1.18% | 0.99% | 1.27% |
Drawdowns
HLGAX vs. DFFGX - Drawdown Comparison
The maximum HLGAX drawdown since its inception was -17.41%, which is greater than DFFGX's maximum drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for HLGAX and DFFGX.
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Drawdown Indicators
| HLGAX | DFFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -10.09% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -1.00% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -6.49% | -9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | -6.49% | -10.92% |
Current DrawdownCurrent decline from peak | -3.65% | 0.00% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -0.86% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.34% | +0.59% |
Volatility
HLGAX vs. DFFGX - Volatility Comparison
JPMorgan Government Bond Fund (HLGAX) has a higher volatility of 1.52% compared to DFA Short-Term Government Portfolio (DFFGX) at 0.15%. This indicates that HLGAX's price experiences larger fluctuations and is considered to be riskier than DFFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLGAX | DFFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.15% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.40% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 1.42% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 1.85% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 1.57% | +2.99% |