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 Chase. It was launched on Mar 5, 1993. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLIPX or BALT.
Key characteristics
| HLIPX | BALT | |
|---|---|---|
| YTD Return | 3.23% | 9.17% |
| 1Y Return | 9.40% | 11.12% |
| 3Y Return (Ann) | -1.76% | 6.44% |
| Sharpe Ratio | 1.67 | 3.64 |
| Sortino Ratio | 2.48 | 5.65 |
| Omega Ratio | 1.30 | 1.84 |
| Calmar Ratio | 0.65 | 5.98 |
| Martin Ratio | 7.03 | 32.37 |
| Ulcer Index | 1.38% | 0.34% |
| Daily Std Dev | 5.81% | 3.03% |
| Max Drawdown | -19.44% | -2.16% |
| Current Drawdown | -6.23% | 0.00% |
Correlation
The correlation between HLIPX and BALT is 0.12, 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.
Performance
HLIPX vs. BALT - Performance Comparison
In the year-to-date period, HLIPX achieves a 3.23% return, which is significantly lower than BALT's 9.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
HLIPX vs. BALT - Risk-Adjusted Performance 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.
Dividends
HLIPX vs. BALT - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.71%, while BALT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 4.71% | 4.01% | 3.37% | 2.57% | 2.74% | 3.26% | 3.11% | 2.84% | 2.77% | 3.03% | 3.44% | 3.79% |
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 -19.44%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for HLIPX and BALT. For additional features, visit the drawdowns tool.
Volatility
HLIPX vs. BALT - Volatility Comparison
JPMorgan Core Plus Bond Fund (HLIPX) has a higher volatility of 1.61% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.81%. 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.