HTD vs. AMECX

Last updated Jun 4, 2026

HTD (John Hancock Tax-Advantaged Dividend Income Fund) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - HTD is a Dividend fund managed by John Hancock, while AMECX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, HTD returned 8.34%/yr vs 8.51%/yr for AMECX. A 0.60 correlation means they provide meaningful diversification when combined. HTD charges 0.01%/yr vs 0.56%/yr for AMECX.

Performance

HTD vs. AMECX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Tax-Advantaged Dividend Income Fund (HTD) and American Funds The Income Fund of America Class A (AMECX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTD achieves a 10.11% return, which is significantly higher than AMECX's 6.34% return. Both investments have delivered pretty close results over the past 10 years, with HTD having a 8.34% annualized return and AMECX not far ahead at 8.51%.

HTD

• 1D: 0.04%
• 1M: -1.53%
• YTD: 10.11%
• 6M: 8.09%
• 1Y: 18.96%
• 3Y*: 17.08%
• 5Y*: 8.04%
• 10Y*: 8.34%

AMECX

• 1D: 0.33%
• 1M: 0.95%
• YTD: 6.34%
• 6M: 7.37%
• 1Y: 15.78%
• 3Y*: 13.76%
• 5Y*: 7.77%
• 10Y*: 8.51%

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

HTD vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTD John Hancock Tax-Advantaged Dividend Income Fund	10.11%	15.87%	25.68%	-9.92%	-6.24%	32.36%	-16.54%	42.77%	-9.13%	16.47%
AMECX American Funds The Income Fund of America Class A	6.34%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between HTD and AMECX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Feb 26, 2004	0.60

The correlation between HTD and AMECX shifts across timeframes, from 0.43 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HTD vs. AMECX — Risk / Return Rank

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

HTD

HTD Risk / Return Rank: 38
HTD Sharpe Ratio Rank: 30
HTD Sortino Ratio Rank: 27
HTD Omega Ratio Rank: 28
HTD Calmar Ratio Rank: 64
HTD Martin Ratio Rank: 40

AMECX

AMECX Risk / Return Rank: 53
AMECX Sharpe Ratio Rank: 58
AMECX Sortino Ratio Rank: 56
AMECX Omega Ratio Rank: 55
AMECX Calmar Ratio Rank: 47
AMECX Martin Ratio Rank: 48

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.

HTD vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Tax-Advantaged Dividend Income Fund (HTD) and American Funds The Income Fund of America Class A (AMECX). 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.

	HTD	AMECX	Difference
Sharpe ratio Return per unit of total volatility	1.57	2.24	-0.67
Sortino ratio Return per unit of downside risk	2.17	3.16	-0.99
Omega ratio Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio Return relative to maximum drawdown	3.08	2.62	+0.46
Martin ratio Return relative to average drawdown	8.61	9.88	-1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTD vs. AMECX - Sharpe Ratio Comparison

The current HTD Sharpe Ratio is 1.57, which is comparable to the AMECX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of HTD and AMECX, 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

	HTD	AMECX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.24	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.83	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.80	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.72	-0.30

Drawdowns

HTD vs. AMECX - Drawdown Comparison

The maximum HTD drawdown since its inception was -69.79%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for HTD and AMECX.

Drawdown Indicators

	HTD	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-69.79%	-41.92%	-27.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-6.13%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	-8.58%	-12.36%
Max Drawdown (5Y) Largest decline over 5 years	-31.58%	-15.78%	-15.80%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-26.13%	-30.44%
Current Drawdown Current decline from peak	-2.09%	-1.23%	-0.86%
Average Drawdown Average peak-to-trough decline	-8.80%	-4.45%	-4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	1.62%	+0.59%

Volatility

HTD vs. AMECX - Volatility Comparison

John Hancock Tax-Advantaged Dividend Income Fund (HTD) has a higher volatility of 2.66% compared to American Funds The Income Fund of America Class A (AMECX) at 2.06%. This indicates that HTD's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTD	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.06%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	5.63%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	7.17%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	9.45%	+8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.62%	10.68%	+11.94%

HTD vs. AMECX - Expense Ratio Comparison

HTD has a 0.01% expense ratio, which is lower than AMECX's 0.56% expense ratio.

Dividends

HTD vs. AMECX - Dividend Comparison

HTD's dividend yield for the trailing twelve months is around 7.43%, less than AMECX's 9.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMECX American Funds The Income Fund of America Class A	9.41%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%
HTD John Hancock Tax-Advantaged Dividend Income Fund	7.43%	7.51%	7.52%	8.73%	7.36%	5.80%	7.97%	6.06%	10.09%	8.85%	7.30%	7.06%

Frequently Asked Questions

Can I hold both HTD and AMECX in my portfolio?

HTD and AMECX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTD or AMECX?

HTD has higher volatility (2.66%) compared to AMECX (2.06%). In terms of maximum drawdown, HTD dropped -69.79% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

AMECX currently has the higher Sharpe Ratio (2.24 vs 1.57), 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.