JABVX vs. MDGCX

Last updated Jun 4, 2026

JABVX (John Hancock Global Environmental Opportunities Fund) and MDGCX (BlackRock Advantage Global Fund, Inc.) are both Global Equities funds. Over the past 3 years, JABVX returned 11.55%/yr vs 22.15%/yr for MDGCX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.96% expense ratio.

Performance

JABVX vs. MDGCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Global Environmental Opportunities Fund (JABVX) and BlackRock Advantage Global Fund, Inc. (MDGCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JABVX achieves a 16.89% return, which is significantly lower than MDGCX's 19.80% return.

JABVX

• 1D: 1.52%
• 1M: 4.90%
• YTD: 16.89%
• 6M: 15.04%
• 1Y: 18.51%
• 3Y*: 11.55%
• 5Y*: —
• 10Y*: —

MDGCX

• 1D: 0.70%
• 1M: 7.14%
• YTD: 19.80%
• 6M: 21.05%
• 1Y: 40.27%
• 3Y*: 22.15%
• 5Y*: 11.84%
• 10Y*: 12.56%

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

JABVX vs. MDGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JABVX John Hancock Global Environmental Opportunities Fund	16.89%	6.57%	3.45%	19.30%	-23.71%	10.90%
MDGCX BlackRock Advantage Global Fund, Inc.	19.80%	23.61%	10.87%	22.43%	-17.94%	4.77%

Correlation

The correlation between JABVX and MDGCX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021	0.89

The correlation between JABVX and MDGCX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

JABVX vs. MDGCX — Risk / Return Rank

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

JABVX

JABVX Risk / Return Rank: 17
JABVX Sharpe Ratio Rank: 16
JABVX Sortino Ratio Rank: 15
JABVX Omega Ratio Rank: 15
JABVX Calmar Ratio Rank: 20
JABVX Martin Ratio Rank: 19

MDGCX

MDGCX Risk / Return Rank: 91
MDGCX Sharpe Ratio Rank: 94
MDGCX Sortino Ratio Rank: 89
MDGCX Omega Ratio Rank: 86
MDGCX Calmar Ratio Rank: 92
MDGCX Martin Ratio Rank: 95

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.

JABVX vs. MDGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Global Environmental Opportunities Fund (JABVX) and BlackRock Advantage Global Fund, Inc. (MDGCX). 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.

	JABVX	MDGCX	Difference
Sharpe ratio Return per unit of total volatility	1.13	3.24	-2.12
Sortino ratio Return per unit of downside risk	1.64	4.35	-2.71
Omega ratio Gain probability vs. loss probability	1.20	1.59	-0.39
Calmar ratio Return relative to maximum drawdown	1.62	5.05	-3.43
Martin ratio Return relative to average drawdown	4.94	23.35	-18.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JABVX vs. MDGCX - Sharpe Ratio Comparison

The current JABVX Sharpe Ratio is 1.13, which is lower than the MDGCX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of JABVX and MDGCX, 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

	JABVX	MDGCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	3.24	-2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.66	-0.37

Drawdowns

JABVX vs. MDGCX - Drawdown Comparison

The maximum JABVX drawdown since its inception was -33.96%, smaller than the maximum MDGCX drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for JABVX and MDGCX.

Drawdown Indicators

	JABVX	MDGCX	Difference
Max Drawdown Largest peak-to-trough decline	-33.96%	-48.25%	+14.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	-8.07%	-3.40%
Max Drawdown (3Y) Largest decline over 3 years	-20.08%	-21.46%	+1.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.87%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.47%	-9.93%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	1.74%	+2.02%

Volatility

JABVX vs. MDGCX - Volatility Comparison

John Hancock Global Environmental Opportunities Fund (JABVX) has a higher volatility of 5.57% compared to BlackRock Advantage Global Fund, Inc. (MDGCX) at 3.75%. This indicates that JABVX's price experiences larger fluctuations and is considered to be riskier than MDGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABVX	MDGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	3.75%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	10.02%	+3.29%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	12.57%	+3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	16.15%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	17.25%	+1.96%

JABVX vs. MDGCX - Expense Ratio Comparison

Both JABVX and MDGCX have an expense ratio of 0.96%.

Dividends

JABVX vs. MDGCX - Dividend Comparison

JABVX's dividend yield for the trailing twelve months is around 6.21%, less than MDGCX's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JABVX John Hancock Global Environmental Opportunities Fund	6.21%	7.26%	6.63%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MDGCX BlackRock Advantage Global Fund, Inc.	7.44%	8.91%	7.78%	1.42%	1.75%	16.75%	3.77%	1.73%	4.06%	34.82%	0.65%	5.18%

Frequently Asked Questions

Can I hold both JABVX and MDGCX in my portfolio?

JABVX and MDGCX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JABVX or MDGCX?

JABVX has higher volatility (5.57%) compared to MDGCX (3.75%). In terms of maximum drawdown, JABVX dropped -33.96% vs MDGCX's -48.25%.

Which has better risk-adjusted returns?

MDGCX currently has the higher Sharpe Ratio (3.24 vs 1.13), 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.