John Hancock Diversified Income Fund (HEQ)

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John Hancock Diversified Income Fund (HEQ) is up 12.7% since the beginning of the year. HEQ is currently trading at $12 per share. Investors who bought $1,000 worth of HEQ shares 5 years ago would now be looking at an investment worth $1,461.

John Hancock Diversified Income Fund (HEQ) has returned 12.66% so far this year and 23.21% over the past 12 months. Over the last ten years, HEQ has returned 7.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since May 27, 2011, HEQ's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.6%, while the worst month was Mar 2020 at -21.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HEQ closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.6%, while the worst single day was Mar 12, 2020 at -16.9%.

John Hancock Diversified Income Fund has an annualized alpha of -1.18%, beta of 0.65, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since May 31, 2011.

• This fund participated in 88.03% of S&P 500 Index downside but only 65.51% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.65 may look defensive, but with R2 of 0.41 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.41 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

HEQ has an expense ratio of 0.02%, which is considered low.

HEQ ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for John Hancock Diversified Income Fund (HEQ) and compare them to S&P 500 Index.

John Hancock Diversified Income Fund provided a 8.45% dividend yield over the last twelve months, with an annual payout of $1.00 per share.

The table displays the monthly dividend distributions for John Hancock Diversified Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the John Hancock Diversified Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the John Hancock Diversified Income Fund was 44.38%, occurring on Mar 23, 2020. Recovery took 319 trading sessions.

The current John Hancock Diversified Income Fund drawdown is 0.67%.

The chart below shows the rolling one-month volatility.