HLLVX vs. INDA
HLLVX (JPMorgan Short Duration Bond Fund) and INDA (iShares MSCI India ETF) are both funds - HLLVX is a Short-Term Bond fund managed by JPMorgan, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Over the past 10 years, HLLVX returned 2.29%/yr vs 6.56%/yr for INDA. At a 0.02 correlation, their price movements are largely independent. HLLVX charges 0.34%/yr vs 0.69%/yr for INDA.
Performance
HLLVX vs. INDA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HLLVX achieves a 0.36% return, which is significantly higher than INDA's -12.38% return. Over the past 10 years, HLLVX has underperformed INDA with an annualized return of 2.29%, while INDA has yielded a comparatively higher 6.56% annualized return.
HLLVX
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 0.36%
- 6M
- 0.71%
- 1Y
- 3.62%
- 3Y*
- 4.89%
- 5Y*
- 2.39%
- 10Y*
- 2.29%
INDA
- 1D
- -1.39%
- 1M
- -2.61%
- YTD
- -12.38%
- 6M
- -11.33%
- 1Y
- -12.23%
- 3Y*
- 4.17%
- 5Y*
- 2.32%
- 10Y*
- 6.56%
HLLVX vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLLVX JPMorgan Short Duration Bond Fund | 0.36% | 5.57% | 5.15% | 5.40% | -3.71% | -0.07% | 4.51% | 4.26% | 1.16% | 0.85% |
INDA iShares MSCI India ETF | -12.38% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between HLLVX and INDA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012 | 0.02 |
The correlation between HLLVX and INDA shifts across timeframes, from 0.02 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HLLVX vs. INDA — Risk / Return Rank
HLLVX
INDA
HLLVX vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Bond Fund (HLLVX) and iShares MSCI India ETF (INDA). 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.
| HLLVX | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.39 | ||
| Sortino ratioReturn per unit of downside risk | +5.36 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.87 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | -0.66 | +3.97 |
| Martin ratioReturn relative to average drawdown | 11.01 | -1.59 | +12.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HLLVX | INDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | -0.84 | +3.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.15 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.38 | 0.31 | +1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 0.23 | +1.80 |
Drawdowns
HLLVX vs. INDA - Drawdown Comparison
The maximum HLLVX drawdown since its inception was -5.77%, smaller than the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for HLLVX and INDA.
Loading charts...
Drawdown Indicators
| HLLVX | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -45.07% | +39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -18.69% | +17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -1.09% | -22.72% | +21.63% |
Max Drawdown (5Y)Largest decline over 5 years | -5.77% | -22.72% | +16.95% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | -45.07% | +39.30% |
Current DrawdownCurrent decline from peak | -0.48% | -19.42% | +18.94% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -9.57% | +9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 7.71% | -7.38% |
Volatility
HLLVX vs. INDA - Volatility Comparison
The current volatility for JPMorgan Short Duration Bond Fund (HLLVX) is 0.43%, while iShares MSCI India ETF (INDA) has a volatility of 5.26%. This indicates that HLLVX experiences smaller price fluctuations and is considered to be less risky than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HLLVX | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 5.26% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 12.66% | -11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.43% | 14.67% | -13.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 15.37% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.66% | 21.12% | -19.46% |
HLLVX vs. INDA - Expense Ratio Comparison
HLLVX has a 0.34% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
HLLVX vs. INDA - Dividend Comparison
HLLVX's dividend yield for the trailing twelve months is around 3.86%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLLVX JPMorgan Short Duration Bond Fund | 3.86% | 4.21% | 3.98% | 2.95% | 1.45% | 1.21% | 2.03% | 2.40% | 1.71% | 1.23% | 0.95% | 0.99% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
HLLVX and INDA have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDA has higher volatility (5.26%) compared to HLLVX (0.43%). In terms of maximum drawdown, HLLVX dropped -5.77% vs INDA's -45.07%.
HLLVX currently has the higher Sharpe Ratio (2.55 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.
Find the right allocation for HLLVX and INDA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer