HLIPX vs. BALT
Compare and contrast key facts about JPMorgan Core Plus Bond Fund (HLIPX) and Innovator Defined Wealth Shield ETF (BALT).
HLIPX is managed by JPMorgan. It was launched on Mar 5, 1993. BALT is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Jun 30, 2021.
Performance
HLIPX vs. BALT - Performance Comparison
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HLIPX vs. BALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | -0.31% | 7.98% | 2.64% | 6.38% | -12.69% | 0.18% |
BALT Innovator Defined Wealth Shield ETF | -0.13% | 6.65% | 9.98% | 7.45% | 2.54% | 0.82% |
Returns By Period
In the year-to-date period, HLIPX achieves a -0.31% return, which is significantly lower than BALT's -0.13% return.
HLIPX
- 1D
- 0.56%
- 1M
- -2.43%
- YTD
- -0.31%
- 6M
- 0.91%
- 1Y
- 4.63%
- 3Y*
- 4.34%
- 5Y*
- 0.97%
- 10Y*
- 2.40%
BALT
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.13%
- 6M
- 1.97%
- 1Y
- 6.64%
- 3Y*
- 7.11%
- 5Y*
- —
- 10Y*
- —
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HLIPX vs. BALT - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is lower than BALT's 0.69% expense ratio.
Return for Risk
HLIPX vs. BALT — Risk / Return Rank
HLIPX
BALT
HLIPX vs. BALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) and Innovator Defined Wealth Shield ETF (BALT). 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.
| HLIPX | BALT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.49 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.29 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.91 | -0.11 |
Martin ratioReturn relative to average drawdown | 6.20 | 12.79 | -6.59 |
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
| HLIPX | BALT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.49 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.70 | -0.60 |
Correlation
The correlation between HLIPX and BALT is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HLIPX vs. BALT - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.56%, while BALT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 4.56% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HLIPX vs. BALT - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -16.91%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for HLIPX and BALT.
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Drawdown Indicators
| HLIPX | BALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -4.89% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -3.48% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | — | — |
Current DrawdownCurrent decline from peak | -2.43% | -1.05% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -0.35% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.52% | +0.34% |
Volatility
HLIPX vs. BALT - Volatility Comparison
JPMorgan Core Plus Bond Fund (HLIPX) has a higher volatility of 1.75% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.61%. This indicates that HLIPX's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIPX | BALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 0.61% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 1.84% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 4.48% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 3.36% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 3.36% | +1.26% |