JANBX vs. SVBAX
JANBX (Janus Henderson Balanced Fund) and SVBAX (John Hancock Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, JANBX returned 10.12%/yr vs 9.84%/yr for SVBAX. Their correlation of 0.86 means they have usually moved in the same direction. JANBX charges 0.70%/yr vs 1.03%/yr for SVBAX.
Performance
JANBX vs. SVBAX - Performance Comparison
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Returns By Period
In the year-to-date period, JANBX achieves a 3.84% return, which is significantly lower than SVBAX's 10.52% return. Both investments have delivered pretty close results over the past 10 years, with JANBX having a 10.12% annualized return and SVBAX not far behind at 9.84%.
JANBX
- 1D
- 0.63%
- 1M
- 0.28%
- 6M
- 3.13%
- YTD
- 3.84%
- 1Y
- 10.13%
- 3Y*
- 12.80%
- 5Y*
- 6.90%
- 10Y*
- 10.12%
- ALL TIME*
- 7.17%
SVBAX
- 1D
- 0.72%
- 1M
- 0.34%
- 6M
- 8.19%
- YTD
- 10.52%
- 1Y
- 20.18%
- 3Y*
- 15.23%
- 5Y*
- 8.47%
- 10Y*
- 9.84%
- ALL TIME*
- 7.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JANBX vs. SVBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | 3.84% | 14.99% | 15.36% | 15.38% | -16.60% | 17.22% | 14.34% | 22.53% | 0.64% | 17.78% |
SVBAX John Hancock Balanced Fund | 10.52% | 15.69% | 13.31% | 18.22% | -15.79% | 14.49% | 15.97% | 21.28% | -5.02% | 13.40% |
Correlation
The correlation between JANBX and SVBAX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993 | 0.86 |
The correlation between JANBX and SVBAX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
JANBX vs. SVBAX — Risk / Return Rank
JANBX
SVBAX
JANBX vs. SVBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund (JANBX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JANBX | SVBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.48 | -2.32 |
| Martin ratioReturn relative to average drawdown | 4.86 | 15.84 | -10.98 |
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Drawdowns
JANBX vs. SVBAX - Drawdown Comparison
The maximum JANBX drawdown since its inception was -31.70%, smaller than the maximum SVBAX drawdown of -40.81%. Use the drawdown chart below to compare losses from any high point for JANBX and SVBAX.
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Drawdown Indicators
| JANBX | SVBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -40.81% | +9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -5.57% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -11.91% | -12.06% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -20.53% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -21.00% | -1.49% |
Current DrawdownCurrent decline from peak | -0.28% | -0.34% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -5.22% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.22% | +0.70% |
Volatility
JANBX vs. SVBAX - Volatility Comparison
The current volatility for Janus Henderson Balanced Fund (JANBX) is 2.70%, while John Hancock Balanced Fund (SVBAX) has a volatility of 2.88%. This indicates that JANBX 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.
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Volatility by Period
| JANBX | SVBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.88% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 7.43% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 9.11% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 10.92% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.20% | 10.82% | +0.38% |
JANBX vs. SVBAX - Expense Ratio Comparison
JANBX has a 0.70% expense ratio, which is lower than SVBAX's 1.03% expense ratio.
Dividends
JANBX vs. SVBAX - Dividend Comparison
JANBX's dividend yield for the trailing twelve months is around 8.49%, less than SVBAX's 11.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | 8.49% | 8.78% | 6.96% | 2.25% | 1.95% | 4.50% | 2.49% | 2.85% | 7.06% | 4.65% | 2.55% | 5.81% |
SVBAX John Hancock Balanced Fund | 11.34% | 12.45% | 3.72% | 1.48% | 1.60% | 2.73% | 1.60% | 2.19% | 8.06% | 3.51% | 1.70% | 4.57% |
Frequently Asked Questions
With a correlation of 0.93, JANBX and SVBAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SVBAX has higher volatility (2.88%) compared to JANBX (2.70%). In terms of maximum drawdown, JANBX dropped -31.70% vs SVBAX's -40.81%.
SVBAX currently has the higher Sharpe Ratio (2.13 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.
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