HLIPX vs. DODIX
HLIPX (JPMorgan Core Plus Bond Fund) and DODIX (Dodge & Cox Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, HLIPX returned 2.04%/yr vs 2.63%/yr for DODIX. Their correlation of 0.86 means they have usually moved in the same direction. HLIPX charges 0.46%/yr vs 0.41%/yr for DODIX.
Performance
HLIPX vs. DODIX - Performance Comparison
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Returns By Period
In the year-to-date period, HLIPX achieves a -0.53% return, which is significantly lower than DODIX's -0.46% return. Over the past 10 years, HLIPX has underperformed DODIX with an annualized return of 2.04%, while DODIX has yielded a comparatively higher 2.63% annualized return.
HLIPX
- 1D
- 0.14%
- 1M
- -0.96%
- 6M
- -0.93%
- YTD
- -0.53%
- 1Y
- 2.37%
- 3Y*
- 4.56%
- 5Y*
- 0.31%
- 10Y*
- 2.04%
- ALL TIME*
- 4.52%
DODIX
- 1D
- 0.00%
- 1M
- -1.18%
- 6M
- -0.77%
- YTD
- -0.46%
- 1Y
- 2.62%
- 3Y*
- 4.70%
- 5Y*
- 0.78%
- 10Y*
- 2.63%
- ALL TIME*
- 5.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HLIPX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | -0.53% | 7.98% | 2.64% | 6.38% | -12.69% | -0.30% | 7.93% | 8.73% | 0.01% | 4.26% |
DODIX Dodge & Cox Income Fund | -0.46% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Correlation
The correlation between HLIPX and DODIX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 1993 | 0.86 |
The correlation between HLIPX and DODIX has been stable across timeframes, ranging from 0.86 to 0.96 - a consistent structural relationship.
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Return for Risk
HLIPX vs. DODIX — Risk / Return Rank
HLIPX
DODIX
HLIPX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) and Dodge & Cox Income Fund (DODIX). 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 | DODIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.11 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.53 | 2.77 | -0.23 |
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Drawdowns
HLIPX vs. DODIX - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -16.91%, roughly equal to the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for HLIPX and DODIX.
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Drawdown Indicators
| HLIPX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -16.89% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -3.17% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.95% | -5.29% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -16.89% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | -16.89% | -0.02% |
Current DrawdownCurrent decline from peak | -2.64% | -2.58% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -1.50% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.27% | +0.01% |
Volatility
HLIPX vs. DODIX - Volatility Comparison
The current volatility for JPMorgan Core Plus Bond Fund (HLIPX) is 0.97%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.10%. This indicates that HLIPX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIPX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.10% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.20% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 4.08% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 5.59% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 4.47% | +0.18% |
HLIPX vs. DODIX - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Dividends
HLIPX vs. DODIX - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.26%, less than DODIX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODIX Dodge & Cox Income Fund | 4.35% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
HLIPX JPMorgan Core Plus Bond Fund | 4.26% | 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 0.94, HLIPX and DODIX 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.
DODIX has higher volatility (1.10%) compared to HLIPX (0.97%). In terms of maximum drawdown, HLIPX dropped -16.91% vs DODIX's -16.89%.
DODIX currently has the higher Sharpe Ratio (0.87 vs 0.84), 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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