HLGAX vs. SGINX
Compare and contrast key facts about JPMorgan Government Bond Fund (HLGAX) and DWS GNMA Fund (SGINX).
HLGAX is managed by JPMorgan. It was launched on Feb 7, 1993. SGINX is managed by DWS. It was launched on Jul 13, 2000.
Performance
HLGAX vs. SGINX - Performance Comparison
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HLGAX vs. SGINX - 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% |
SGINX DWS GNMA Fund | 0.68% | 7.88% | 0.59% | 4.93% | -11.82% | -1.12% | 3.29% | 6.65% | 0.42% | 1.52% |
Returns By Period
In the year-to-date period, HLGAX achieves a -0.19% return, which is significantly lower than SGINX's 0.68% return. Both investments have delivered pretty close results over the past 10 years, with HLGAX having a 1.20% annualized return and SGINX not far behind at 1.14%.
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%
SGINX
- 1D
- 0.34%
- 1M
- -1.33%
- YTD
- 0.68%
- 6M
- 1.88%
- 1Y
- 5.58%
- 3Y*
- 3.72%
- 5Y*
- 0.06%
- 10Y*
- 1.14%
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HLGAX vs. SGINX - Expense Ratio Comparison
HLGAX has a 0.47% expense ratio, which is lower than SGINX's 0.58% expense ratio.
Return for Risk
HLGAX vs. SGINX — Risk / Return Rank
HLGAX
SGINX
HLGAX vs. SGINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Government Bond Fund (HLGAX) and DWS GNMA Fund (SGINX). 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 | SGINX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.31 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.82 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.28 | -0.85 |
Martin ratioReturn relative to average drawdown | 4.22 | 6.82 | -2.60 |
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 | SGINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.31 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.01 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.24 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.77 | +0.10 |
Correlation
The correlation between HLGAX and SGINX is 0.79, 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
HLGAX vs. SGINX - Dividend Comparison
HLGAX's dividend yield for the trailing twelve months is around 3.01%, less than SGINX's 4.64% 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% |
SGINX DWS GNMA Fund | 4.64% | 3.77% | 3.97% | 3.82% | 1.86% | 1.37% | 2.22% | 2.94% | 2.71% | 3.07% | 2.95% | 3.41% |
Drawdowns
HLGAX vs. SGINX - Drawdown Comparison
The maximum HLGAX drawdown since its inception was -17.41%, roughly equal to the maximum SGINX drawdown of -17.37%. Use the drawdown chart below to compare losses from any high point for HLGAX and SGINX.
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Drawdown Indicators
| HLGAX | SGINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -17.37% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.96% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -17.18% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | -17.37% | -0.04% |
Current DrawdownCurrent decline from peak | -3.65% | -1.41% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -1.97% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.99% | -0.06% |
Volatility
HLGAX vs. SGINX - Volatility Comparison
JPMorgan Government Bond Fund (HLGAX) has a higher volatility of 1.52% compared to DWS GNMA Fund (SGINX) at 1.39%. This indicates that HLGAX's price experiences larger fluctuations and is considered to be riskier than SGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLGAX | SGINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.39% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.41% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.51% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 6.39% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 4.78% | -0.22% |