FJMNX vs. SVBAX
Compare and contrast key facts about Nuveen Minnesota Municipal Bond Fund (FJMNX) and John Hancock Balanced Fund (SVBAX).
FJMNX is managed by Nuveen. It was launched on Jul 10, 1988. SVBAX is managed by John Hancock. It was launched on Oct 4, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJMNX or SVBAX.
Key characteristics
| FJMNX | SVBAX | |
|---|---|---|
| YTD Return | 2.81% | 12.64% |
| 1Y Return | 8.00% | 19.31% |
| 3Y Return (Ann) | -0.58% | 4.31% |
| 5Y Return (Ann) | 0.81% | 8.77% |
| 10Y Return (Ann) | 2.24% | 7.58% |
| Sharpe Ratio | 2.54 | 2.41 |
| Sortino Ratio | 3.90 | 3.37 |
| Omega Ratio | 1.63 | 1.44 |
| Calmar Ratio | 0.83 | 3.08 |
| Martin Ratio | 11.65 | 13.53 |
| Ulcer Index | 0.69% | 1.42% |
| Daily Std Dev | 3.14% | 7.96% |
| Max Drawdown | -15.27% | -40.81% |
| Current Drawdown | -2.60% | -0.85% |
Correlation
The correlation between FJMNX and SVBAX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FJMNX vs. SVBAX - Performance Comparison
In the year-to-date period, FJMNX achieves a 2.81% return, which is significantly lower than SVBAX's 12.64% return. Over the past 10 years, FJMNX has underperformed SVBAX with an annualized return of 2.24%, while SVBAX has yielded a comparatively higher 7.58% 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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FJMNX vs. SVBAX - Expense Ratio Comparison
FJMNX has a 0.77% expense ratio, which is lower than SVBAX's 1.03% expense ratio.
Risk-Adjusted Performance
FJMNX vs. SVBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Minnesota Municipal Bond Fund (FJMNX) and John Hancock Balanced Fund (SVBAX). 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
FJMNX vs. SVBAX - Dividend Comparison
FJMNX's dividend yield for the trailing twelve months is around 3.54%, more than SVBAX's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJMNX Nuveen Minnesota Municipal Bond Fund | 3.54% | 3.25% | 2.58% | 1.79% | 2.49% | 3.01% | 3.14% | 3.21% | 3.43% | 3.63% | 3.65% | 3.94% |
SVBAX John Hancock Balanced Fund | 1.44% | 1.49% | 1.60% | 1.07% | 1.32% | 1.49% | 1.91% | 1.65% | 1.71% | 2.10% | 2.15% | 2.17% |
Drawdowns
FJMNX vs. SVBAX - Drawdown Comparison
The maximum FJMNX drawdown since its inception was -15.27%, smaller than the maximum SVBAX drawdown of -40.81%. Use the drawdown chart below to compare losses from any high point for FJMNX and SVBAX. For additional features, visit the drawdowns tool.
Volatility
FJMNX vs. SVBAX - Volatility Comparison
The current volatility for Nuveen Minnesota Municipal Bond Fund (FJMNX) is 1.52%, while John Hancock Balanced Fund (SVBAX) has a volatility of 2.34%. This indicates that FJMNX experiences smaller price fluctuations and is considered to be less risky than SVBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.