HLIPX vs. VCPIX
HLIPX (JPMorgan Core Plus Bond Fund) and VCPIX (Vanguard Core-Plus Bond Fund Investor Shares) are both mutual funds - HLIPX is a Intermediate Core-Plus Bond fund managed by JPMorgan, while VCPIX is a Total Bond Market fund managed by Vanguard. Over the past 3 years, HLIPX returned 4.89%/yr vs 5.22%/yr for VCPIX. With a 0.96 correlation, they move nearly in lockstep. HLIPX charges 0.46%/yr vs 0.30%/yr for VCPIX.
Performance
HLIPX vs. VCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HLIPX achieves a 0.58% return, which is significantly lower than VCPIX's 0.73% return.
HLIPX
- 1D
- 0.14%
- 1M
- 0.70%
- YTD
- 0.58%
- 6M
- 0.46%
- 1Y
- 4.64%
- 3Y*
- 4.89%
- 5Y*
- 0.77%
- 10Y*
- 2.27%
VCPIX
- 1D
- 0.12%
- 1M
- 0.74%
- YTD
- 0.73%
- 6M
- 0.73%
- 1Y
- 4.68%
- 3Y*
- 5.22%
- 5Y*
- —
- 10Y*
- —
HLIPX vs. VCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 0.58% | 7.98% | 2.64% | 6.38% | -12.69% | 0.15% |
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 0.73% | 8.01% | 2.83% | 6.64% | -12.68% | 0.35% |
Correlation
The correlation between HLIPX and VCPIX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.96 |
The correlation between HLIPX and VCPIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
HLIPX vs. VCPIX — Risk / Return Rank
HLIPX
VCPIX
HLIPX vs. VCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) and Vanguard Core-Plus Bond Fund Investor Shares (VCPIX). 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 | VCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.87 | -0.19 |
| Martin ratioReturn relative to average drawdown | 4.73 | 5.77 | -1.04 |
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Drawdowns
HLIPX vs. VCPIX - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -16.91%, roughly equal to the maximum VCPIX drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for HLIPX and VCPIX.
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Drawdown Indicators
| HLIPX | VCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -17.33% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.72% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -5.68% | -0.40% |
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 | -1.56% | -1.01% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -6.53% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.88% | +0.20% |
Volatility
HLIPX vs. VCPIX - Volatility Comparison
JPMorgan Core Plus Bond Fund (HLIPX) has a higher volatility of 1.12% compared to Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) at 1.01%. This indicates that HLIPX's price experiences larger fluctuations and is considered to be riskier than VCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLIPX | VCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.01% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.67% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.51% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 5.67% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 5.67% | -1.03% |
HLIPX vs. VCPIX - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is higher than VCPIX's 0.30% expense ratio.
Dividends
HLIPX vs. VCPIX - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.58%, less than VCPIX's 4.74% 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% |
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 4.74% | 4.76% | 5.08% | 4.46% | 3.15% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, HLIPX and VCPIX 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.
HLIPX has higher volatility (1.12%) compared to VCPIX (1.01%). In terms of maximum drawdown, HLIPX dropped -16.91% vs VCPIX's -17.33%.
VCPIX currently has the higher Sharpe Ratio (1.45 vs 1.33), 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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