HLIPX vs. UCON
Compare and contrast key facts about JPMorgan Core Plus Bond Fund (HLIPX) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
HLIPX is managed by JPMorgan Chase. It was launched on Mar 5, 1993. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLIPX or UCON.
Key characteristics
| HLIPX | UCON | |
|---|---|---|
| YTD Return | 3.51% | 4.44% |
| 1Y Return | 10.50% | 8.90% |
| 3Y Return (Ann) | -1.74% | 1.92% |
| 5Y Return (Ann) | 0.38% | 2.84% |
| Sharpe Ratio | 1.67 | 2.41 |
| Sortino Ratio | 2.48 | 3.64 |
| Omega Ratio | 1.30 | 1.49 |
| Calmar Ratio | 0.65 | 2.66 |
| Martin Ratio | 6.98 | 12.89 |
| Ulcer Index | 1.39% | 0.68% |
| Daily Std Dev | 5.81% | 3.64% |
| Max Drawdown | -19.44% | -15.31% |
| Current Drawdown | -5.97% | -1.15% |
Correlation
The correlation between HLIPX and UCON is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HLIPX vs. UCON - Performance Comparison
In the year-to-date period, HLIPX achieves a 3.51% return, which is significantly lower than UCON's 4.44% 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. UCON - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is lower than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
HLIPX vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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. UCON - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.70%, less than UCON's 5.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 4.70% | 4.01% | 3.37% | 2.57% | 2.74% | 3.26% | 3.11% | 2.84% | 2.77% | 3.03% | 3.44% | 3.79% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 5.04% | 4.75% | 3.12% | 2.20% | 3.14% | 3.51% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HLIPX vs. UCON - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -19.44%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for HLIPX and UCON. For additional features, visit the drawdowns tool.
Volatility
HLIPX vs. UCON - Volatility Comparison
JPMorgan Core Plus Bond Fund (HLIPX) has a higher volatility of 1.64% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.76%. This indicates that HLIPX's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.