JELBX vs. BDMIX
JELBX (John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio) and BDMIX (BlackRock Global Long/Short Equity Fund Class I) are both mutual funds - JELBX is a Diversified Portfolio fund managed by BlackRock, while BDMIX is a Long-Short fund managed by BlackRock. Over the past 10 years, JELBX returned 4.63%/yr vs 8.41%/yr for BDMIX. At a 0.09 correlation, their price movements are largely independent. JELBX charges 0.17%/yr vs 1.57%/yr for BDMIX.
Performance
JELBX vs. BDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, JELBX achieves a 6.42% return, which is significantly lower than BDMIX's 12.62% return. Over the past 10 years, JELBX has underperformed BDMIX with an annualized return of 4.63%, while BDMIX has yielded a comparatively higher 8.41% annualized return.
JELBX
- 1D
- -0.51%
- 1M
- 1.93%
- YTD
- 6.42%
- 6M
- 6.61%
- 1Y
- 16.22%
- 3Y*
- 11.00%
- 5Y*
- 4.63%
- 10Y*
- 4.63%
BDMIX
- 1D
- 0.12%
- 1M
- 4.79%
- YTD
- 12.62%
- 6M
- 15.26%
- 1Y
- 21.86%
- 3Y*
- 21.87%
- 5Y*
- 12.93%
- 10Y*
- 8.41%
JELBX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JELBX John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 6.42% | 9.73% | 9.33% | 12.06% | -15.06% | 9.76% | 1.76% | 17.91% | -4.89% | 7.55% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 12.62% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Correlation
The correlation between JELBX and BDMIX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013 | 0.09 |
The correlation between JELBX and BDMIX shifts across timeframes, from 0.07 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JELBX vs. BDMIX — Risk / Return Rank
JELBX
BDMIX
JELBX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio (JELBX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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.
| JELBX | BDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.62 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 6.23 | -3.23 |
| Martin ratioReturn relative to average drawdown | 12.72 | 17.67 | -4.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JELBX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 3.23 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 1.99 | -1.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 1.45 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.24 | -1.09 |
Drawdowns
JELBX vs. BDMIX - Drawdown Comparison
The maximum JELBX drawdown since its inception was -50.73%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for JELBX and BDMIX.
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Drawdown Indicators
| JELBX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.73% | -11.89% | -38.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -3.54% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -9.82% | -4.07% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -6.15% | -12.39% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | -9.44% | -9.37% |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -2.68% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.25% | +0.17% |
Volatility
JELBX vs. BDMIX - Volatility Comparison
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio (JELBX) has a higher volatility of 2.61% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.83%. This indicates that JELBX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JELBX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.83% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 4.45% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.22% | 6.82% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.57% | 6.52% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 5.81% | +2.74% |
JELBX vs. BDMIX - Expense Ratio Comparison
JELBX has a 0.17% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Dividends
JELBX vs. BDMIX - Dividend Comparison
JELBX's dividend yield for the trailing twelve months is around 6.37%, less than BDMIX's 7.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMIX BlackRock Global Long/Short Equity Fund Class I | 7.93% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
JELBX John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 6.37% | 6.78% | 2.98% | 10.88% | 6.00% | 2.55% | 7.95% | 6.43% | 10.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JELBX and BDMIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JELBX has higher volatility (2.61%) compared to BDMIX (1.83%). In terms of maximum drawdown, JELBX dropped -50.73% vs BDMIX's -11.89%.
BDMIX currently has the higher Sharpe Ratio (3.23 vs 2.33), 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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