HLIPX vs. SAVYX

Last updated Jun 4, 2026

HLIPX (JPMorgan Core Plus Bond Fund) and SAVYX (Virtus Newfleet Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, HLIPX returned 2.33%/yr vs 2.63%/yr for SAVYX. Their correlation of 0.85 suggests significant overlap in exposure. HLIPX charges 0.46%/yr vs 0.55%/yr for SAVYX.

Performance

HLIPX vs. SAVYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond Fund (HLIPX) and Virtus Newfleet Core Plus Bond Fund (SAVYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLIPX achieves a 0.44% return, which is significantly lower than SAVYX's 0.82% return. Over the past 10 years, HLIPX has underperformed SAVYX with an annualized return of 2.33%, while SAVYX has yielded a comparatively higher 2.63% annualized return.

HLIPX

• 1D: 0.00%
• 1M: 0.42%
• YTD: 0.44%
• 6M: 0.32%
• 1Y: 5.96%
• 3Y*: 4.89%
• 5Y*: 0.89%
• 10Y*: 2.33%

SAVYX

• 1D: 0.00%
• 1M: 0.60%
• YTD: 0.82%
• 6M: 0.76%
• 1Y: 6.07%
• 3Y*: 4.75%
• 5Y*: 1.03%
• 10Y*: 2.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLIPX vs. SAVYX - 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%
SAVYX Virtus Newfleet Core Plus Bond Fund	0.82%	7.28%	2.55%	6.65%	-11.94%	-0.60%	7.58%	10.86%	-1.48%	5.76%

Correlation

The correlation between HLIPX and SAVYX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 1997	0.85

The correlation between HLIPX and SAVYX has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.

Return for Risk

HLIPX vs. SAVYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLIPX

HLIPX Risk / Return Rank: 28
HLIPX Sharpe Ratio Rank: 29
HLIPX Sortino Ratio Rank: 31
HLIPX Omega Ratio Rank: 29
HLIPX Calmar Ratio Rank: 27
HLIPX Martin Ratio Rank: 24

SAVYX

SAVYX Risk / Return Rank: 33
SAVYX Sharpe Ratio Rank: 34
SAVYX Sortino Ratio Rank: 37
SAVYX Omega Ratio Rank: 33
SAVYX Calmar Ratio Rank: 34
SAVYX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLIPX vs. SAVYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) and Virtus Newfleet Core Plus Bond Fund (SAVYX). 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	SAVYX	Difference
Sharpe ratio Return per unit of total volatility	1.55	1.67	-0.12
Sortino ratio Return per unit of downside risk	2.31	2.54	-0.23
Omega ratio Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio Return relative to maximum drawdown	1.96	2.19	-0.23
Martin ratio Return relative to average drawdown	5.99	7.07	-1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLIPX vs. SAVYX - Sharpe Ratio Comparison

The current HLIPX Sharpe Ratio is 1.55, which is comparable to the SAVYX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of HLIPX and SAVYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLIPX	SAVYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.67	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.20	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.61	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.27	-0.17

Drawdowns

HLIPX vs. SAVYX - Drawdown Comparison

The maximum HLIPX drawdown since its inception was -16.91%, roughly equal to the maximum SAVYX drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for HLIPX and SAVYX.

Drawdown Indicators

	HLIPX	SAVYX	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-16.46%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-2.78%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-6.08%	-5.79%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-16.91%	-16.46%	-0.45%
Max Drawdown (10Y) Largest decline over 10 years	-16.91%	-16.46%	-0.45%
Current Drawdown Current decline from peak	-1.69%	-0.92%	-0.77%
Average Drawdown Average peak-to-trough decline	-1.94%	-1.75%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.86%	+0.14%

Volatility

HLIPX vs. SAVYX - Volatility Comparison

JPMorgan Core Plus Bond Fund (HLIPX) and Virtus Newfleet Core Plus Bond Fund (SAVYX) have volatilities of 1.29% and 1.23%, 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.

Volatility by Period

	HLIPX	SAVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	1.23%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.62%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	3.66%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	5.07%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	4.30%	+0.34%

HLIPX vs. SAVYX - Expense Ratio Comparison

HLIPX has a 0.46% expense ratio, which is lower than SAVYX's 0.55% expense ratio.

Dividends

HLIPX vs. SAVYX - Dividend Comparison

HLIPX's dividend yield for the trailing twelve months is around 4.58%, less than SAVYX's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SAVYX Virtus Newfleet Core Plus Bond Fund	4.93%	5.03%	4.42%	4.00%	3.10%	3.11%	2.62%	3.23%	3.67%	3.47%	3.19%	3.50%

Frequently Asked Questions

Can I hold both HLIPX and SAVYX in my portfolio?

HLIPX and SAVYX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HLIPX or SAVYX?

HLIPX has higher volatility (1.29%) compared to SAVYX (1.23%). In terms of maximum drawdown, HLIPX dropped -16.91% vs SAVYX's -16.46%.

Which has better risk-adjusted returns?

SAVYX currently has the higher Sharpe Ratio (1.67 vs 1.55), 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.