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 2.27%/yr vs 6.62%/yr for INDA. Their 0.03 correlation means their historical movements had little consistent relationship. 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 0.43% return, which is significantly higher than INDA's -6.51% return. Over the past 10 years, HLLVX has underperformed INDA with an annualized return of 2.27%, while INDA has yielded a comparatively higher 6.62% annualized return.
HLLVX
- 1D
- 0.09%
- 1M
- 0.07%
- 6M
- 0.19%
- YTD
- 0.43%
- 1Y
- 2.37%
- 3Y*
- 4.77%
- 5Y*
- 2.41%
- 10Y*
- 2.27%
- ALL TIME*
- 3.78%
INDA
- 1D
- 0.74%
- 1M
- 1.96%
- 6M
- -4.93%
- YTD
- -6.51%
- 1Y
- -3.72%
- 3Y*
- 4.95%
- 5Y*
- 3.35%
- 10Y*
- 6.62%
- ALL TIME*
- 5.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $365.05M | $303.25M | $315.32M |
HLLVX vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLLVX JPMorgan Short Duration Bond Fund | 0.43% | 5.57% | 5.15% | 5.40% | -3.71% | -0.07% | 4.51% | 4.26% | 1.16% | 0.85% |
INDA iShares MSCI India ETF | -6.51% | 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 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.03 |
Over the past year, HLLVX and INDA have become more correlated (0.33) than their long-term average of 0.03, 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 | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.97 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.21 | +2.38 |
| Martin ratioReturn relative to average drawdown | 6.10 | -0.45 | +6.55 |
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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 | -5.75% | -22.72% | +16.97% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | -45.07% | +39.30% |
Current DrawdownCurrent decline from peak | -0.41% | -14.03% | +13.62% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -9.65% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 8.19% | -7.80% |
Volatility
HLLVX vs. INDA - Volatility Comparison
The current volatility for JPMorgan Short Duration Bond Fund (HLLVX) is 0.39%, while iShares MSCI India ETF (INDA) has a volatility of 4.13%. 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 | 0.39% | 4.13% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 12.89% | -11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 15.14% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 15.48% | -13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 21.07% | -19.40% |
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 3.48%, 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 | 3.48% | 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 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDA has higher volatility (4.13%) compared to HLLVX (0.39%). In terms of maximum drawdown, HLLVX dropped -5.77% vs INDA's -45.07%.
HLLVX currently has the higher Sharpe Ratio (1.71 vs -0.25), 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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