HLLVX vs. VLUE
HLLVX (JPMorgan Short Duration Bond Fund) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both funds - HLLVX is a Short-Term Bond fund managed by JPMorgan, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted Index. Over the past 10 years, HLLVX returned 2.29%/yr vs 15.43%/yr for VLUE. At a correlation of -0.07, they often move in opposite directions. HLLVX charges 0.34%/yr vs 0.15%/yr for VLUE.
Performance
HLLVX vs. VLUE - Performance Comparison
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Returns By Period
In the year-to-date period, HLLVX achieves a 0.36% return, which is significantly lower than VLUE's 49.00% return. Over the past 10 years, HLLVX has underperformed VLUE with an annualized return of 2.29%, while VLUE has yielded a comparatively higher 15.43% 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%
VLUE
- 1D
- -0.42%
- 1M
- 20.77%
- YTD
- 49.00%
- 6M
- 51.40%
- 1Y
- 91.45%
- 3Y*
- 34.26%
- 5Y*
- 16.36%
- 10Y*
- 15.43%
HLLVX vs. VLUE - 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% |
VLUE iShares Edge MSCI USA Value Factor ETF | 49.00% | 32.67% | 7.25% | 14.26% | -14.17% | 28.93% | -0.23% | 27.20% | -11.13% | 21.95% |
Correlation
The correlation between HLLVX and VLUE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2013 | -0.07 |
The correlation between HLLVX and VLUE shifts across timeframes, from -0.07 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HLLVX vs. VLUE — Risk / Return Rank
HLLVX
VLUE
HLLVX vs. VLUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Bond Fund (HLLVX) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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 | VLUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.91 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 10.17 | -6.86 |
| Martin ratioReturn relative to average drawdown | 11.01 | 45.62 | -34.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLLVX | VLUE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 5.32 | -2.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.92 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.38 | 0.78 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 0.76 | +1.27 |
Drawdowns
HLLVX vs. VLUE - Drawdown Comparison
The maximum HLLVX drawdown since its inception was -5.77%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for HLLVX and VLUE.
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Drawdown Indicators
| HLLVX | VLUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -39.47% | +33.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -9.04% | +7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.09% | -17.89% | +16.80% |
Max Drawdown (5Y)Largest decline over 5 years | -5.77% | -27.12% | +21.35% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | -39.47% | +33.70% |
Current DrawdownCurrent decline from peak | -0.48% | -0.42% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -6.01% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.01% | -1.68% |
Volatility
HLLVX vs. VLUE - Volatility Comparison
The current volatility for JPMorgan Short Duration Bond Fund (HLLVX) is 0.43%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 8.03%. This indicates that HLLVX experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLLVX | VLUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 8.03% | -7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 13.96% | -12.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.43% | 17.30% | -15.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 17.78% | -15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.66% | 19.82% | -18.16% |
HLLVX vs. VLUE - Expense Ratio Comparison
HLLVX has a 0.34% expense ratio, which is higher than VLUE's 0.15% expense ratio.
Dividends
HLLVX vs. VLUE - Dividend Comparison
HLLVX's dividend yield for the trailing twelve months is around 3.86%, more than VLUE's 1.40% 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% |
VLUE iShares Edge MSCI USA Value Factor ETF | 1.40% | 2.11% | 2.73% | 2.66% | 3.18% | 2.22% | 2.42% | 2.61% | 2.70% | 2.14% | 2.07% | 2.39% |
Frequently Asked Questions
HLLVX and VLUE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLUE has higher volatility (8.03%) compared to HLLVX (0.43%). In terms of maximum drawdown, HLLVX dropped -5.77% vs VLUE's -39.47%.
VLUE currently has the higher Sharpe Ratio (5.32 vs 2.55), 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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