SAVYX vs. HLIPX
Compare and contrast key facts about Virtus Newfleet Core Plus Bond Fund (SAVYX) and JPMorgan Core Plus Bond Fund (HLIPX).
SAVYX is managed by Virtus. It was launched on Mar 7, 1996. HLIPX is managed by JPMorgan Chase. It was launched on Mar 5, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAVYX or HLIPX.
Key characteristics
| SAVYX | HLIPX | |
|---|---|---|
| YTD Return | 4.03% | 3.51% |
| 1Y Return | 10.50% | 10.50% |
| 3Y Return (Ann) | -1.26% | -1.74% |
| 5Y Return (Ann) | 1.05% | 0.38% |
| 10Y Return (Ann) | 2.28% | 1.77% |
| Sharpe Ratio | 2.06 | 1.67 |
| Sortino Ratio | 3.13 | 2.48 |
| Omega Ratio | 1.38 | 1.30 |
| Calmar Ratio | 0.81 | 0.65 |
| Martin Ratio | 9.00 | 6.98 |
| Ulcer Index | 1.17% | 1.39% |
| Daily Std Dev | 5.15% | 5.81% |
| Max Drawdown | -17.26% | -19.44% |
| Current Drawdown | -3.92% | -5.97% |
Correlation
The correlation between SAVYX and HLIPX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SAVYX vs. HLIPX - Performance Comparison
In the year-to-date period, SAVYX achieves a 4.03% return, which is significantly higher than HLIPX's 3.51% return. Over the past 10 years, SAVYX has outperformed HLIPX with an annualized return of 2.28%, while HLIPX has yielded a comparatively lower 1.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SAVYX vs. HLIPX - Expense Ratio Comparison
SAVYX has a 0.55% expense ratio, which is higher than HLIPX's 0.46% expense ratio.
Risk-Adjusted Performance
SAVYX vs. HLIPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Core Plus Bond Fund (SAVYX) and JPMorgan Core Plus Bond Fund (HLIPX). 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.
Dividends
SAVYX vs. HLIPX - Dividend Comparison
SAVYX's dividend yield for the trailing twelve months is around 5.16%, more than HLIPX's 4.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | 5.16% | 4.39% | 3.10% | 2.51% | 2.63% | 3.23% | 3.67% | 3.48% | 3.19% | 3.51% | 4.26% | 4.18% |
HLIPX JPMorgan Core Plus Bond Fund | 4.70% | 4.01% | 3.37% | 2.57% | 2.74% | 3.26% | 3.11% | 2.84% | 2.77% | 3.03% | 3.44% | 3.79% |
Drawdowns
SAVYX vs. HLIPX - Drawdown Comparison
The maximum SAVYX drawdown since its inception was -17.26%, smaller than the maximum HLIPX drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for SAVYX and HLIPX. For additional features, visit the drawdowns tool.
Volatility
SAVYX vs. HLIPX - Volatility Comparison
The current volatility for Virtus Newfleet Core Plus Bond Fund (SAVYX) is 1.46%, while JPMorgan Core Plus Bond Fund (HLIPX) has a volatility of 1.64%. This indicates that SAVYX experiences smaller price fluctuations and is considered to be less risky than HLIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.