HLLVX vs. LDO.MI

Last updated Jun 4, 2026

HLLVX (JPMorgan Short Duration Bond Fund) is Short-Term Bond fund managed by JPMorgan, while LDO.MI (Leonardo S.p.A.) is a stock. Over the past 10 years, HLLVX returned 2.29%/yr vs 19.06%/yr for LDO.MI. At a correlation of -0.04, they often move in opposite directions.

Performance

HLLVX vs. LDO.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Short Duration Bond Fund (HLLVX) and Leonardo S.p.A. (LDO.MI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HLLVX is traded in USD, while LDO.MI is traded in EUR. To make them comparable, the LDO.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HLLVX achieves a 0.36% return, which is significantly lower than LDO.MI's 2.23% return. Over the past 10 years, HLLVX has underperformed LDO.MI with an annualized return of 2.29%, while LDO.MI has yielded a comparatively higher 19.06% 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%

LDO.MI

• 1D: -3.06%
• 1M: -4.33%
• YTD: 2.23%
• 6M: 8.25%
• 1Y: -3.62%
• 3Y*: 75.67%
• 5Y*: 48.15%
• 10Y*: 19.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLLVX vs. LDO.MI - 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%
LDO.MI Leonardo S.p.A.	2.23%	116.42%	65.76%	93.57%	22.66%	-1.81%	-36.54%	35.11%	-25.08%	-14.34%

Correlation

The correlation between HLLVX and LDO.MI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 23, 2007	-0.04

The correlation between HLLVX and LDO.MI shifts across timeframes, from -0.04 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HLLVX vs. LDO.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLLVX

HLLVX Risk / Return Rank: 75
HLLVX Sharpe Ratio Rank: 77
HLLVX Sortino Ratio Rank: 88
HLLVX Omega Ratio Rank: 86
HLLVX Calmar Ratio Rank: 72
HLLVX Martin Ratio Rank: 54

LDO.MI

LDO.MI Risk / Return Rank: 33
LDO.MI Sharpe Ratio Rank: 35
LDO.MI Sortino Ratio Rank: 32
LDO.MI Omega Ratio Rank: 32
LDO.MI Calmar Ratio Rank: 33
LDO.MI Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLLVX vs. LDO.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Bond Fund (HLLVX) and Leonardo S.p.A. (LDO.MI). 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	LDO.MI	Difference
Sharpe ratio: Return per unit of total volatility	2.55	-0.09	+2.63
Sortino ratio: Return per unit of downside risk	4.21	0.17	+4.04
Omega ratio: Gain probability vs. loss probability	1.59	1.02	+0.57
Calmar ratio: Return relative to maximum drawdown	3.32	-0.16	+3.48
Martin ratio: Return relative to average drawdown	11.01	-0.34	+11.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLLVX vs. LDO.MI - Sharpe Ratio Comparison

The current HLLVX Sharpe Ratio is 2.55, which is higher than the LDO.MI Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of HLLVX and LDO.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HLLVX	LDO.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	-0.09	+2.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	1.30	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.38	0.49	+0.89
Sharpe Ratio (All Time) Calculated using the full available price history	2.03	0.14	+1.89

Drawdowns

HLLVX vs. LDO.MI - Drawdown Comparison

The maximum HLLVX drawdown since its inception was -5.77%, smaller than the maximum LDO.MI drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for HLLVX and LDO.MI.

Drawdown Indicators

	HLLVX	LDO.MI	Difference
Max Drawdown Largest peak-to-trough decline	-5.77%	-88.08%	+82.31%
Max Drawdown (1Y) Largest decline over 1 year	-1.09%	-22.61%	+21.52%
Max Drawdown (3Y) Largest decline over 3 years	-1.09%	-22.61%	+21.52%
Max Drawdown (5Y) Largest decline over 5 years	-5.77%	-39.97%	+34.20%
Max Drawdown (10Y) Largest decline over 10 years	-5.77%	-73.32%	+67.55%
Current Drawdown Current decline from peak	-0.48%	-19.77%	+19.29%
Average Drawdown Average peak-to-trough decline	-0.42%	-50.76%	+50.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	10.64%	-10.31%

Volatility

HLLVX vs. LDO.MI - Volatility Comparison

The current volatility for JPMorgan Short Duration Bond Fund (HLLVX) is 0.43%, while Leonardo S.p.A. (LDO.MI) has a volatility of 12.07%. This indicates that HLLVX experiences smaller price fluctuations and is considered to be less risky than LDO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLLVX	LDO.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	12.07%	-11.64%
Volatility (6M) Calculated over the trailing 6-month period	0.99%	30.12%	-29.13%
Volatility (1Y) Calculated over the trailing 1-year period	1.43%	41.84%	-40.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.99%	36.77%	-34.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.66%	38.77%	-37.11%

Dividends

HLLVX vs. LDO.MI - Dividend Comparison

HLLVX's dividend yield for the trailing twelve months is around 3.86%, more than LDO.MI's 1.02% yield.

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%
LDO.MI Leonardo S.p.A.	1.02%	1.06%	1.08%	0.94%	1.74%	0.00%	2.37%	1.34%	1.82%	1.41%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HLLVX and LDO.MI in my portfolio?

HLLVX and LDO.MI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.