BILPX vs. JHBIX
BILPX (BlackRock Event Driven Equity Fund) and JHBIX (John Hancock Bond Fund Class I) are both mutual funds - BILPX is a Event Driven fund managed by BlackRock, while JHBIX is a Intermediate Core-Plus Bond fund actively managed by John Hancock. Over the past 10 years, BILPX returned 5.10%/yr vs 2.46%/yr for JHBIX. At a correlation of -0.05, they often move in opposite directions. BILPX charges 1.16%/yr vs 0.46%/yr for JHBIX.
Performance
BILPX vs. JHBIX - Performance Comparison
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Returns By Period
In the year-to-date period, BILPX achieves a 2.21% return, which is significantly higher than JHBIX's 0.30% return. Over the past 10 years, BILPX has outperformed JHBIX with an annualized return of 5.10%, while JHBIX has yielded a comparatively lower 2.46% annualized return.
BILPX
- 1D
- 0.09%
- 1M
- 0.28%
- YTD
- 2.21%
- 6M
- 2.21%
- 1Y
- 5.95%
- 3Y*
- 7.05%
- 5Y*
- 3.87%
- 10Y*
- 5.10%
JHBIX
- 1D
- -0.30%
- 1M
- 0.75%
- YTD
- 0.30%
- 6M
- 0.83%
- 1Y
- 4.92%
- 3Y*
- 4.67%
- 5Y*
- 0.18%
- 10Y*
- 2.46%
BILPX vs. JHBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 2.21% | 8.43% | 4.37% | 5.38% | 0.01% | 1.95% | 6.30% | 7.29% | 5.47% | 7.15% |
JHBIX John Hancock Bond Fund Class I | 0.30% | 7.68% | 2.28% | 6.57% | -14.99% | -0.41% | 10.56% | 10.48% | -0.86% | 5.26% |
Correlation
The correlation between BILPX and JHBIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | -0.05 |
The correlation between BILPX and JHBIX shifts across timeframes, from -0.05 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BILPX vs. JHBIX — Risk / Return Rank
BILPX
JHBIX
BILPX vs. JHBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Event Driven Equity Fund (BILPX) and John Hancock Bond Fund Class I (JHBIX). 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.
| BILPX | JHBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 1.63 | +2.42 |
| Martin ratioReturn relative to average drawdown | 15.35 | 4.70 | +10.66 |
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Drawdowns
BILPX vs. JHBIX - Drawdown Comparison
The maximum BILPX drawdown since its inception was -47.50%, which is greater than JHBIX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for BILPX and JHBIX.
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Drawdown Indicators
| BILPX | JHBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -19.90% | -27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -3.17% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -3.33% | -6.62% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -4.53% | -19.90% | +15.37% |
Max Drawdown (10Y)Largest decline over 10 years | -11.58% | -19.90% | +8.32% |
Current DrawdownCurrent decline from peak | 0.00% | -1.65% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -2.73% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.10% | -0.70% |
Volatility
BILPX vs. JHBIX - Volatility Comparison
The current volatility for BlackRock Event Driven Equity Fund (BILPX) is 0.76%, while John Hancock Bond Fund Class I (JHBIX) has a volatility of 1.17%. This indicates that BILPX experiences smaller price fluctuations and is considered to be less risky than JHBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILPX | JHBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.17% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 3.03% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.92% | 3.96% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 5.92% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.96% | -0.32% |
BILPX vs. JHBIX - Expense Ratio Comparison
BILPX has a 1.16% expense ratio, which is higher than JHBIX's 0.46% expense ratio.
Dividends
BILPX vs. JHBIX - Dividend Comparison
BILPX's dividend yield for the trailing twelve months is around 4.10%, less than JHBIX's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 4.10% | 4.19% | 4.16% | 1.99% | 2.58% | 2.66% | 2.97% | 3.41% | 1.97% | 5.12% | 1.11% | 74.64% |
JHBIX John Hancock Bond Fund Class I | 4.62% | 4.54% | 4.45% | 4.11% | 3.21% | 3.57% | 5.78% | 4.04% | 3.81% | 3.54% | 3.50% | 3.81% |
Frequently Asked Questions
BILPX and JHBIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHBIX has higher volatility (1.17%) compared to BILPX (0.76%). In terms of maximum drawdown, BILPX dropped -47.50% vs JHBIX's -19.90%.
BILPX currently has the higher Sharpe Ratio (2.12 vs 1.31), 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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