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 India Equities fund tracking the MSCI India Index. Over the past 10 years, HLLVX returned 2.29%/yr vs 6.55%/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
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Returns By Period
In the year-to-date period, HLLVX achieves a 0.62% return, which is significantly higher than INDA's -9.73% return. Over the past 10 years, HLLVX has underperformed INDA with an annualized return of 2.29%, while INDA has yielded a comparatively higher 6.55% annualized return.
HLLVX
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 0.62%
- YTD
- 0.62%
- 1Y
- 3.31%
- 3Y*
- 5.03%
- 5Y*
- 2.45%
- 10Y*
- 2.29%
INDA
- 1D
- -1.03%
- 1M
- 0.95%
- 6M
- -8.63%
- YTD
- -9.73%
- 1Y
- -11.10%
- 3Y*
- 3.55%
- 5Y*
- 3.34%
- 10Y*
- 6.55%
HLLVX vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLLVX JPMorgan Short Duration Bond Fund | 0.62% | 5.57% | 5.15% | 5.40% | -3.71% | -0.07% | 4.51% | 4.26% | 1.16% | 0.85% |
INDA iShares MSCI India ETF | -9.73% | 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 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.02 |
Over the past year, HLLVX and INDA have become more correlated (0.32) than their long-term average of 0.02, meaning their price movements have been converging.
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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.
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.
| HLLVX | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.63 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.89 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.62 | +3.57 |
| Martin ratioReturn relative to average drawdown | 9.24 | -1.40 | +10.65 |
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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.
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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% | -17.85% | +16.76% |
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 | -0.22% | -16.99% | +16.77% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -9.62% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 7.92% | -7.57% |
Volatility
HLLVX vs. INDA - Volatility Comparison
The current volatility for JPMorgan Short Duration Bond Fund (HLLVX) is 0.47%, while iShares MSCI India ETF (INDA) has a volatility of 4.48%. 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.
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Volatility by Period
| HLLVX | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 4.48% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 13.12% | -12.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 15.03% | -13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 15.47% | -13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 21.06% | -19.39% |
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 3.84%, 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 | 3.84% | 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 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDA has higher volatility (4.48%) compared to HLLVX (0.47%). In terms of maximum drawdown, HLLVX dropped -5.77% vs INDA's -45.07%.
HLLVX currently has the higher Sharpe Ratio (2.23 vs -0.74), 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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