JDVWX vs. VIVIX

Last updated Aug 1, 2026

JDVWX (John Hancock Disciplined Value Fund) and VIVIX (Vanguard Value Index Fund Institutional Shares) are both Large Cap Value Equities funds - JDVWX tracks the Russell 1000 Value Index while VIVIX tracks the CRSP U.S. Large Cap Value Index. Both are passively managed. Over the past 10 years, JDVWX returned 12.74%/yr vs 12.54%/yr for VIVIX. Their 0.96 correlation means they have historically moved very closely together. JDVWX charges 0.60%/yr vs 0.03%/yr for VIVIX.

Performance

JDVWX vs. VIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value Fund (JDVWX) and Vanguard Value Index Fund Institutional Shares (VIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JDVWX having a 17.42% return and VIVIX slightly lower at 16.66%. Both investments have delivered pretty close results over the past 10 years, with JDVWX having a 12.74% annualized return and VIVIX not far behind at 12.54%.

JDVWX

• 1D: 1.04%
• 1M: -0.48%
• 6M: 11.66%
• YTD: 17.42%
• 1Y: 29.88%
• 3Y*: 18.86%
• 5Y*: 13.31%
• 10Y*: 12.74%
• ALL TIME*: 12.55%

VIVIX

• 1D: 0.33%
• 1M: 0.58%
• 6M: 11.55%
• YTD: 16.66%
• 1Y: 28.24%
• 3Y*: 17.13%
• 5Y*: 12.35%
• 10Y*: 12.54%
• ALL TIME*: 8.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JDVWX John Hancock Disciplined Value Fund	$0.00	$0.00	$0.00
VIVIX Vanguard Value Index Fund Institutional Shares	$0.00	$0.00	$0.00

JDVWX vs. VIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JDVWX John Hancock Disciplined Value Fund	17.42%	17.59%	15.76%	14.03%	-4.34%	29.99%	1.73%	22.77%	-9.64%	18.00%
VIVIX Vanguard Value Index Fund Institutional Shares	16.66%	15.30%	15.99%	9.23%	-2.05%	26.50%	2.30%	25.83%	-5.44%	17.14%

Correlation

The correlation between JDVWX and VIVIX is 0.88, 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.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Aug 31, 2011	0.96

The correlation between JDVWX and VIVIX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

JDVWX vs. VIVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JDVWX

JDVWX Risk / Return Rank: 85
JDVWX Sharpe Ratio Rank: 84
JDVWX Sortino Ratio Rank: 81
JDVWX Omega Ratio Rank: 79
JDVWX Calmar Ratio Rank: 90
JDVWX Martin Ratio Rank: 93

VIVIX

VIVIX Risk / Return Rank: 93
VIVIX Sharpe Ratio Rank: 95
VIVIX Sortino Ratio Rank: 93
VIVIX Omega Ratio Rank: 88
VIVIX Calmar Ratio Rank: 95
VIVIX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JDVWX vs. VIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Fund (JDVWX) and Vanguard Value Index Fund Institutional Shares (VIVIX). 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.

	JDVWX	VIVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.53	-0.46
Sortino ratio: Return per unit of downside risk	2.85	3.61	-0.76
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	3.46	4.11	-0.65
Martin ratio: Return relative to average drawdown	14.54	15.86	-1.32

JDVWX vs. VIVIX - Sharpe Ratio Comparison

The current JDVWX Sharpe Ratio is 2.07, which is comparable to the VIVIX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of JDVWX and VIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDVWX vs. VIVIX - Drawdown Comparison

The maximum JDVWX drawdown since its inception was -40.28%, smaller than the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for JDVWX and VIVIX.

Drawdown Indicators

	JDVWX	VIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-40.28%	-59.30%	+19.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-6.36%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-20.48%	-14.40%	-6.08%
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	-17.12%	-3.36%
Max Drawdown (10Y) Largest decline over 10 years	-40.28%	-36.80%	-3.48%
Current Drawdown Current decline from peak	-1.19%	-1.07%	-0.12%
Average Drawdown Average peak-to-trough decline	-4.48%	-9.21%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.65%	+0.24%

Volatility

JDVWX vs. VIVIX - Volatility Comparison

John Hancock Disciplined Value Fund (JDVWX) has a higher volatility of 3.23% compared to Vanguard Value Index Fund Institutional Shares (VIVIX) at 2.65%. This indicates that JDVWX's price experiences larger fluctuations and is considered to be riskier than VIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDVWX	VIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.65%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	7.78%	+2.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.24%	10.36%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	13.87%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	16.69%	+2.18%

JDVWX vs. VIVIX - Expense Ratio Comparison

JDVWX has a 0.60% expense ratio, which is higher than VIVIX's 0.03% expense ratio.

Dividends

JDVWX vs. VIVIX - Dividend Comparison

JDVWX's dividend yield for the trailing twelve months is around 5.72%, more than VIVIX's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JDVWX John Hancock Disciplined Value Fund	5.72%	6.72%	14.04%	7.30%	7.26%	14.72%	1.66%	5.95%	10.70%	4.60%	1.32%	3.44%
VIVIX Vanguard Value Index Fund Institutional Shares	1.85%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%

Frequently Asked Questions

Can I hold both JDVWX and VIVIX in my portfolio?

JDVWX and VIVIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDVWX or VIVIX?

JDVWX has higher volatility (3.23%) compared to VIVIX (2.65%). In terms of maximum drawdown, JDVWX dropped -40.28% vs VIVIX's -59.30%.

Which has better risk-adjusted returns?

VIVIX currently has the higher Sharpe Ratio (2.53 vs 2.07), 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.