FIDAX vs. VTMFX

Last updated Jun 4, 2026

FIDAX (John Hancock Financial Industries Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both mutual funds - FIDAX is a Financials Equities fund managed by BlackRock, while VTMFX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, FIDAX returned 9.79%/yr vs 8.70%/yr for VTMFX. A 0.79 correlation means they provide meaningful diversification when combined. FIDAX charges 1.24%/yr vs 0.09%/yr for VTMFX.

Performance

FIDAX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Financial Industries Fund (FIDAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDAX achieves a -2.42% return, which is significantly lower than VTMFX's 6.03% return. Over the past 10 years, FIDAX has outperformed VTMFX with an annualized return of 9.79%, while VTMFX has yielded a comparatively lower 8.70% annualized return.

FIDAX

• 1D: 0.15%
• 1M: -0.60%
• YTD: -2.42%
• 6M: 1.94%
• 1Y: 5.37%
• 3Y*: 17.93%
• 5Y*: 6.06%
• 10Y*: 9.79%

VTMFX

• 1D: 0.17%
• 1M: 3.06%
• YTD: 6.03%
• 6M: 6.16%
• 1Y: 16.91%
• 3Y*: 12.75%
• 5Y*: 7.33%
• 10Y*: 8.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIDAX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDAX John Hancock Financial Industries Fund	-2.42%	12.05%	30.09%	5.01%	-14.17%	28.80%	1.58%	31.21%	-15.30%	11.00%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	6.03%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between FIDAX and VTMFX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 15, 1996	0.79

The correlation between FIDAX and VTMFX shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIDAX vs. VTMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIDAX

FIDAX Risk / Return Rank: 5
FIDAX Sharpe Ratio Rank: 5
FIDAX Sortino Ratio Rank: 5
FIDAX Omega Ratio Rank: 5
FIDAX Calmar Ratio Rank: 5
FIDAX Martin Ratio Rank: 5

VTMFX

VTMFX Risk / Return Rank: 81
VTMFX Sharpe Ratio Rank: 87
VTMFX Sortino Ratio Rank: 86
VTMFX Omega Ratio Rank: 83
VTMFX Calmar Ratio Rank: 69
VTMFX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIDAX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Industries Fund (FIDAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

	FIDAX	VTMFX	Difference
Sharpe ratio Return per unit of total volatility	0.35	2.83	-2.48
Sortino ratio Return per unit of downside risk	0.58	4.05	-3.47
Omega ratio Gain probability vs. loss probability	1.07	1.55	-0.47
Calmar ratio Return relative to maximum drawdown	0.41	3.22	-2.81
Martin ratio Return relative to average drawdown	1.14	15.40	-14.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIDAX vs. VTMFX - Sharpe Ratio Comparison

The current FIDAX Sharpe Ratio is 0.35, which is lower than the VTMFX Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of FIDAX and VTMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIDAX	VTMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	2.83	-2.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.86	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.96	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.85	-0.53

Drawdowns

FIDAX vs. VTMFX - Drawdown Comparison

The maximum FIDAX drawdown since its inception was -70.42%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for FIDAX and VTMFX.

Drawdown Indicators

	FIDAX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-70.42%	-28.49%	-41.93%
Max Drawdown (1Y) Largest decline over 1 year	-13.82%	-5.38%	-8.44%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-10.61%	-8.74%
Max Drawdown (5Y) Largest decline over 5 years	-30.89%	-17.40%	-13.49%
Max Drawdown (10Y) Largest decline over 10 years	-42.09%	-21.87%	-20.22%
Current Drawdown Current decline from peak	-5.74%	0.00%	-5.74%
Average Drawdown Average peak-to-trough decline	-14.07%	-3.55%	-10.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	1.12%	+3.78%

Volatility

FIDAX vs. VTMFX - Volatility Comparison

John Hancock Financial Industries Fund (FIDAX) has a higher volatility of 3.31% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 1.70%. This indicates that FIDAX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDAX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	1.70%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	12.17%	4.75%	+7.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	6.13%	+9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	8.52%	+12.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.98%	9.12%	+12.86%

FIDAX vs. VTMFX - Expense Ratio Comparison

FIDAX has a 1.24% expense ratio, which is higher than VTMFX's 0.09% expense ratio.

Dividends

FIDAX vs. VTMFX - Dividend Comparison

FIDAX's dividend yield for the trailing twelve months is around 49.38%, more than VTMFX's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDAX John Hancock Financial Industries Fund	49.38%	48.19%	10.24%	1.91%	11.22%	23.08%	5.41%	7.56%	7.72%	6.10%	6.01%	0.93%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.10%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both FIDAX and VTMFX in my portfolio?

FIDAX and VTMFX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDAX or VTMFX?

FIDAX has higher volatility (3.31%) compared to VTMFX (1.70%). In terms of maximum drawdown, FIDAX dropped -70.42% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

VTMFX currently has the higher Sharpe Ratio (2.83 vs 0.35), 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.