HLIPX vs. AGG
HLIPX (JPMorgan Core Plus Bond Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - HLIPX is a Intermediate Core-Plus Bond 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, HLIPX returned 2.26%/yr vs 1.54%/yr for AGG. Their correlation of 0.83 suggests significant overlap in exposure. HLIPX charges 0.46%/yr vs 0.03%/yr for AGG.
Performance
HLIPX vs. AGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HLIPX achieves a 0.44% return, which is significantly lower than AGG's 0.47% return. Over the past 10 years, HLIPX has outperformed AGG with an annualized return of 2.26%, while AGG has yielded a comparatively lower 1.54% annualized return.
HLIPX
- 1D
- -0.28%
- 1M
- 0.56%
- YTD
- 0.44%
- 6M
- 0.59%
- 1Y
- 4.93%
- 3Y*
- 4.84%
- 5Y*
- 0.75%
- 10Y*
- 2.26%
AGG
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 0.47%
- 6M
- 0.55%
- 1Y
- 4.33%
- 3Y*
- 3.96%
- 5Y*
- 0.07%
- 10Y*
- 1.54%
HLIPX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 0.44% | 7.98% | 2.64% | 6.38% | -12.69% | -0.30% | 7.93% | 8.73% | 0.01% | 4.26% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.47% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between HLIPX and AGG is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | 0.83 |
The correlation between HLIPX and AGG shifts across timeframes, from 0.83 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HLIPX vs. AGG — Risk / Return Rank
HLIPX
AGG
HLIPX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) 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.
| HLIPX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.57 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.75 | 4.54 | +0.21 |
Loading charts...
Drawdowns
HLIPX vs. AGG - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -16.91%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HLIPX and AGG.
Loading charts...
Drawdown Indicators
| HLIPX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -18.43% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.76% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -6.11% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -17.82% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -18.43% | +1.52% |
Current DrawdownCurrent decline from peak | -1.69% | -1.93% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -2.71% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.96% | +0.11% |
Volatility
HLIPX vs. AGG - Volatility Comparison
JPMorgan Core Plus Bond Fund (HLIPX) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.12% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HLIPX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.10% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.83% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.81% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 6.10% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 5.41% | -0.76% |
HLIPX vs. AGG - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
HLIPX vs. AGG - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.58%, 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% |
HLIPX JPMorgan Core Plus Bond Fund | 4.58% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
Frequently Asked Questions
With a correlation of 0.95, HLIPX and AGG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HLIPX has higher volatility (1.12%) compared to AGG (1.10%). In terms of maximum drawdown, HLIPX dropped -16.91% vs AGG's -18.43%.
HLIPX currently has the higher Sharpe Ratio (1.33 vs 1.14), 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.
Find the right allocation for HLIPX and AGG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer