HEQ vs. JFCIX

Last updated Jun 4, 2026

HEQ (John Hancock Diversified Income Fund) and JFCIX (John Hancock Funds Fundamental All Cap Core Fund) are both mutual funds - HEQ is a Diversified Portfolio fund managed by John Hancock, while JFCIX is a Large Cap Blend Equities fund managed by John Hancock. Over the past 10 years, HEQ returned 7.64%/yr vs 14.02%/yr for JFCIX. A 0.56 correlation means they provide meaningful diversification when combined. HEQ charges 0.01%/yr vs 0.83%/yr for JFCIX.

Performance

HEQ vs. JFCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Diversified Income Fund (HEQ) and John Hancock Funds Fundamental All Cap Core Fund (JFCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEQ achieves a 12.47% return, which is significantly higher than JFCIX's 1.66% return. Over the past 10 years, HEQ has underperformed JFCIX with an annualized return of 7.64%, while JFCIX has yielded a comparatively higher 14.02% annualized return.

HEQ

• 1D: -0.17%
• 1M: 2.69%
• YTD: 12.47%
• 6M: 13.49%
• 1Y: 22.88%
• 3Y*: 15.11%
• 5Y*: 7.83%
• 10Y*: 7.64%

JFCIX

• 1D: -0.86%
• 1M: 1.35%
• YTD: 1.66%
• 6M: 0.87%
• 1Y: 12.24%
• 3Y*: 14.92%
• 5Y*: 8.63%
• 10Y*: 14.02%

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

HEQ vs. JFCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEQ John Hancock Diversified Income Fund	12.47%	15.64%	11.70%	-3.14%	-3.08%	24.44%	-14.28%	26.76%	-17.29%	23.20%
JFCIX John Hancock Funds Fundamental All Cap Core Fund	1.66%	4.83%	23.65%	34.78%	-23.41%	30.12%	27.76%	36.36%	-14.37%	27.39%

Correlation

The correlation between HEQ and JFCIX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 3, 2011	0.56

The correlation between HEQ and JFCIX has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

Return for Risk

HEQ vs. JFCIX — Risk / Return Rank

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

HEQ

HEQ Risk / Return Rank: 64
HEQ Sharpe Ratio Rank: 55
HEQ Sortino Ratio Rank: 65
HEQ Omega Ratio Rank: 55
HEQ Calmar Ratio Rank: 73
HEQ Martin Ratio Rank: 73

JFCIX

JFCIX Risk / Return Rank: 11
JFCIX Sharpe Ratio Rank: 13
JFCIX Sortino Ratio Rank: 12
JFCIX Omega Ratio Rank: 13
JFCIX Calmar Ratio Rank: 9
JFCIX Martin Ratio Rank: 10

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.

HEQ vs. JFCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Diversified Income Fund (HEQ) and John Hancock Funds Fundamental All Cap Core Fund (JFCIX). 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.

	HEQ	JFCIX	Difference
Sharpe ratio Return per unit of total volatility	2.19	0.99	+1.20
Sortino ratio Return per unit of downside risk	3.38	1.41	+1.97
Omega ratio Gain probability vs. loss probability	1.41	1.18	+0.23
Calmar ratio Return relative to maximum drawdown	3.32	0.93	+2.39
Martin ratio Return relative to average drawdown	13.88	3.02	+10.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEQ vs. JFCIX - Sharpe Ratio Comparison

The current HEQ Sharpe Ratio is 2.19, which is higher than the JFCIX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of HEQ and JFCIX, 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

	HEQ	JFCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.99	+1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.44	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.68	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.66	-0.32

Drawdowns

HEQ vs. JFCIX - Drawdown Comparison

The maximum HEQ drawdown since its inception was -44.38%, which is greater than JFCIX's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for HEQ and JFCIX.

Drawdown Indicators

	HEQ	JFCIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.38%	-37.06%	-7.32%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-14.11%	+7.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-23.81%	+9.69%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-28.39%	+3.02%
Max Drawdown (10Y) Largest decline over 10 years	-44.38%	-37.06%	-7.32%
Current Drawdown Current decline from peak	-0.84%	-1.71%	+0.87%
Average Drawdown Average peak-to-trough decline	-8.57%	-5.59%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	4.33%	-2.68%

Volatility

HEQ vs. JFCIX - Volatility Comparison

John Hancock Diversified Income Fund (HEQ) has a higher volatility of 3.71% compared to John Hancock Funds Fundamental All Cap Core Fund (JFCIX) at 3.28%. This indicates that HEQ's price experiences larger fluctuations and is considered to be riskier than JFCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEQ	JFCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.28%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	9.82%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	13.26%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	19.92%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	20.64%	-1.79%

HEQ vs. JFCIX - Expense Ratio Comparison

HEQ has a 0.02% expense ratio, which is lower than JFCIX's 0.83% expense ratio.

Dividends

HEQ vs. JFCIX - Dividend Comparison

HEQ's dividend yield for the trailing twelve months is around 8.46%, less than JFCIX's 10.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEQ John Hancock Diversified Income Fund	8.46%	9.30%	9.79%	10.75%	10.09%	8.92%	11.64%	10.09%	11.50%	10.44%	9.57%	10.40%
JFCIX John Hancock Funds Fundamental All Cap Core Fund	10.53%	10.70%	0.30%	0.36%	5.05%	3.35%	2.95%	0.16%	9.75%	5.97%	0.41%	5.36%

Frequently Asked Questions

Can I hold both HEQ and JFCIX in my portfolio?

HEQ and JFCIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEQ or JFCIX?

HEQ has higher volatility (3.71%) compared to JFCIX (3.28%). In terms of maximum drawdown, HEQ dropped -44.38% vs JFCIX's -37.06%.

Which has better risk-adjusted returns?

HEQ currently has the higher Sharpe Ratio (2.19 vs 0.99), 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.