HLGAX vs. VSBSX
Compare and contrast key facts about JPMorgan Government Bond Fund (HLGAX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX).
HLGAX is managed by JPMorgan. It was launched on Feb 7, 1993. VSBSX is managed by Vanguard. It was launched on Dec 28, 2009.
Performance
HLGAX vs. VSBSX - Performance Comparison
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HLGAX vs. VSBSX - 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% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 0.29% | 5.08% | 4.39% | 4.23% | -3.87% | -0.69% | 3.09% | 3.51% | 1.52% | 0.35% |
Returns By Period
In the year-to-date period, HLGAX achieves a -0.19% return, which is significantly lower than VSBSX's 0.29% return. Over the past 10 years, HLGAX has underperformed VSBSX with an annualized return of 1.20%, while VSBSX has yielded a comparatively higher 1.74% annualized return.
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%
VSBSX
- 1D
- 0.10%
- 1M
- -0.31%
- YTD
- 0.29%
- 6M
- 1.25%
- 1Y
- 3.68%
- 3Y*
- 4.11%
- 5Y*
- 1.84%
- 10Y*
- 1.74%
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HLGAX vs. VSBSX - Expense Ratio Comparison
HLGAX has a 0.47% expense ratio, which is higher than VSBSX's 0.07% expense ratio.
Return for Risk
HLGAX vs. VSBSX — Risk / Return Rank
HLGAX
VSBSX
HLGAX vs. VSBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Government Bond Fund (HLGAX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). 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 | VSBSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.60 | -1.71 |
Sortino ratioReturn per unit of downside risk | 1.32 | 4.12 | -2.81 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.56 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 4.52 | -3.09 |
Martin ratioReturn relative to average drawdown | 4.22 | 17.41 | -13.19 |
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 | VSBSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.60 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.96 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 1.14 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.07 | -0.20 |
Correlation
The correlation between HLGAX and VSBSX is 0.74, 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. VSBSX - Dividend Comparison
HLGAX's dividend yield for the trailing twelve months is around 3.01%, less than VSBSX's 3.57% 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% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 3.57% | 3.98% | 4.50% | 3.29% | 1.12% | 0.63% | 1.72% | 2.26% | 1.80% | 1.10% | 0.76% | 0.71% |
Drawdowns
HLGAX vs. VSBSX - Drawdown Comparison
The maximum HLGAX drawdown since its inception was -17.41%, which is greater than VSBSX's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for HLGAX and VSBSX.
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Drawdown Indicators
| HLGAX | VSBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -5.77% | -11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -0.84% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -5.77% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | -5.77% | -11.64% |
Current DrawdownCurrent decline from peak | -3.65% | -0.43% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -0.59% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.22% | +0.71% |
Volatility
HLGAX vs. VSBSX - Volatility Comparison
JPMorgan Government Bond Fund (HLGAX) has a higher volatility of 1.52% compared to Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.53%. This indicates that HLGAX's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLGAX | VSBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.53% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.84% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 1.44% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 1.94% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 1.53% | +3.03% |