DFLYX vs. JFIIX
DFLYX (BNY Mellon Floating Rate Income Fund) and JFIIX (John Hancock Funds Floating Rate Income Fund) are both Bank Loan funds. Over the past 10 years, DFLYX returned 4.87%/yr vs 4.24%/yr for JFIIX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. DFLYX charges 0.73%/yr vs 0.78%/yr for JFIIX.
Performance
DFLYX vs. JFIIX - Performance Comparison
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Returns By Period
In the year-to-date period, DFLYX achieves a 2.32% return, which is significantly higher than JFIIX's 0.73% return. Over the past 10 years, DFLYX has outperformed JFIIX with an annualized return of 4.87%, while JFIIX has yielded a comparatively lower 4.24% annualized return.
DFLYX
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 2.23%
- YTD
- 2.32%
- 1Y
- 3.82%
- 3Y*
- 7.56%
- 5Y*
- 6.03%
- 10Y*
- 4.87%
- ALL TIME*
- 4.31%
JFIIX
- 1D
- -0.14%
- 1M
- -0.14%
- 6M
- 1.01%
- YTD
- 0.73%
- 1Y
- 2.29%
- 3Y*
- 4.90%
- 5Y*
- 4.18%
- 10Y*
- 4.24%
- ALL TIME*
- 4.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DFLYX vs. JFIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFLYX BNY Mellon Floating Rate Income Fund | 2.32% | 4.84% | 9.77% | 13.29% | -1.15% | 4.84% | 2.66% | 7.15% | -0.58% | 3.48% |
JFIIX John Hancock Funds Floating Rate Income Fund | 0.73% | 4.78% | 7.19% | 11.06% | -3.83% | 4.50% | 2.91% | 9.34% | -0.88% | 3.02% |
Correlation
The correlation between DFLYX and JFIIX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.54 |
The correlation between DFLYX and JFIIX shifts across timeframes, from 0.42 (3 years) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DFLYX vs. JFIIX — Risk / Return Rank
DFLYX
JFIIX
DFLYX vs. JFIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Floating Rate Income Fund (DFLYX) and John Hancock Funds Floating Rate Income Fund (JFIIX). 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.
| DFLYX | JFIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.35 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.80 | +0.44 |
| Martin ratioReturn relative to average drawdown | 8.40 | 5.00 | +3.40 |
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Drawdowns
DFLYX vs. JFIIX - Drawdown Comparison
The maximum DFLYX drawdown since its inception was -18.83%, smaller than the maximum JFIIX drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for DFLYX and JFIIX.
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Drawdown Indicators
| DFLYX | JFIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -29.82% | +10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -1.53% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.49% | -2.68% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -7.64% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -18.83% | -20.88% | +2.05% |
Current DrawdownCurrent decline from peak | -0.09% | -0.27% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -1.90% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.55% | -0.10% |
Volatility
DFLYX vs. JFIIX - Volatility Comparison
The current volatility for BNY Mellon Floating Rate Income Fund (DFLYX) is 0.25%, while John Hancock Funds Floating Rate Income Fund (JFIIX) has a volatility of 0.28%. This indicates that DFLYX experiences smaller price fluctuations and is considered to be less risky than JFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFLYX | JFIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.28% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 1.66% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 2.29% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.85% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.04% | 3.84% | -0.80% |
DFLYX vs. JFIIX - Expense Ratio Comparison
DFLYX has a 0.73% expense ratio, which is lower than JFIIX's 0.78% expense ratio.
Dividends
DFLYX vs. JFIIX - Dividend Comparison
DFLYX's dividend yield for the trailing twelve months is around 7.69%, more than JFIIX's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLYX BNY Mellon Floating Rate Income Fund | 7.05% | 7.50% | 8.78% | 8.78% | 5.49% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.14% | 4.65% |
JFIIX John Hancock Funds Floating Rate Income Fund | 5.97% | 6.96% | 6.92% | 6.51% | 7.33% | 3.44% | 4.36% | 5.72% | 4.65% | 4.52% | 5.42% | 5.33% |
Frequently Asked Questions
DFLYX and JFIIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JFIIX has higher volatility (0.28%) compared to DFLYX (0.25%). In terms of maximum drawdown, DFLYX dropped -18.83% vs JFIIX's -29.82%.
DFLYX currently has the higher Sharpe Ratio (2.84 vs 1.21), 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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