HLIEX vs. AGG
HLIEX (JPMorgan Equity Income Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - HLIEX is a Large Cap Value Equities fund managed by JPMorgan, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, HLIEX returned 12.25%/yr vs 1.57%/yr for AGG. At a correlation of -0.13, they often move in opposite directions. HLIEX charges 0.70%/yr vs 0.03%/yr for AGG.
Performance
HLIEX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, HLIEX achieves a 11.08% return, which is significantly higher than AGG's 0.52% return. Over the past 10 years, HLIEX has outperformed AGG with an annualized return of 12.25%, while AGG has yielded a comparatively lower 1.57% annualized return.
HLIEX
- 1D
- 1.49%
- 1M
- 2.40%
- YTD
- 11.08%
- 6M
- 10.34%
- 1Y
- 22.22%
- 3Y*
- 17.80%
- 5Y*
- 10.85%
- 10Y*
- 12.25%
AGG
- 1D
- -0.12%
- 1M
- 0.43%
- YTD
- 0.52%
- 6M
- 0.93%
- 1Y
- 4.50%
- 3Y*
- 4.19%
- 5Y*
- 0.06%
- 10Y*
- 1.57%
HLIEX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIEX JPMorgan Equity Income Fund | 11.08% | 14.67% | 19.67% | 4.79% | -1.88% | 25.10% | 3.61% | 26.30% | -4.45% | 17.55% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.52% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between HLIEX and AGG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | -0.13 |
The correlation between HLIEX and AGG shifts across timeframes, from -0.13 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HLIEX vs. AGG — Risk / Return Rank
HLIEX
AGG
HLIEX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund (HLIEX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HLIEX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.63 | +1.58 |
| Martin ratioReturn relative to average drawdown | 12.23 | 4.82 | +7.41 |
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Drawdowns
HLIEX vs. AGG - Drawdown Comparison
The maximum HLIEX drawdown since its inception was -50.33%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HLIEX and AGG.
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Drawdown Indicators
| HLIEX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.33% | -18.43% | -31.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -2.76% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -6.11% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -17.82% | +2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | -18.43% | -18.46% |
Current DrawdownCurrent decline from peak | -0.18% | -1.88% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -2.71% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.94% | +0.92% |
Volatility
HLIEX vs. AGG - Volatility Comparison
JPMorgan Equity Income Fund (HLIEX) has a higher volatility of 3.27% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.37%. This indicates that HLIEX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIEX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.37% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 2.81% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 3.82% | +6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 6.09% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 5.41% | +11.39% |
HLIEX vs. AGG - Expense Ratio Comparison
HLIEX has a 0.70% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
HLIEX vs. AGG - Dividend Comparison
HLIEX's dividend yield for the trailing twelve months is around 9.73%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
HLIEX JPMorgan Equity Income Fund | 9.73% | 10.81% | 14.41% | 2.77% | 3.67% | 3.33% | 1.82% | 2.78% | 5.12% | 2.47% | 2.45% | 2.73% |
Frequently Asked Questions
HLIEX and AGG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLIEX has higher volatility (3.27%) compared to AGG (1.37%). In terms of maximum drawdown, HLIEX dropped -50.33% vs AGG's -18.43%.
HLIEX currently has the higher Sharpe Ratio (2.15 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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