JELBX vs. PMAIX
JELBX (John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio) and PMAIX (Pioneer Multi-Asset Income Fund A) are both Diversified Portfolio funds. Over the past 10 years, JELBX returned 4.32%/yr vs 8.48%/yr for PMAIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. JELBX charges 0.17%/yr vs 0.85%/yr for PMAIX.
Performance
JELBX vs. PMAIX - Performance Comparison
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Returns By Period
In the year-to-date period, JELBX achieves a 5.13% return, which is significantly lower than PMAIX's 7.43% return. Over the past 10 years, JELBX has underperformed PMAIX with an annualized return of 4.32%, while PMAIX has yielded a comparatively higher 8.48% annualized return.
JELBX
- 1D
- 1.15%
- 1M
- -0.86%
- 6M
- 3.24%
- YTD
- 5.13%
- 1Y
- 11.78%
- 3Y*
- 9.21%
- 5Y*
- 4.10%
- 10Y*
- 4.32%
- ALL TIME*
- 1.51%
PMAIX
- 1D
- 0.07%
- 1M
- 1.41%
- 6M
- 4.84%
- YTD
- 7.43%
- 1Y
- 15.50%
- 3Y*
- 12.50%
- 5Y*
- 8.89%
- 10Y*
- 8.48%
- ALL TIME*
- 8.23%
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 |
JELBX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JELBX John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 5.13% | 9.73% | 9.33% | 12.06% | -15.06% | 9.76% | 1.76% | 17.91% | -4.89% | 7.55% |
PMAIX Pioneer Multi-Asset Income Fund A | 7.43% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Correlation
The correlation between JELBX and PMAIX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011 | 0.61 |
The correlation between JELBX and PMAIX shifts across timeframes, from 0.45 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JELBX vs. PMAIX — Risk / Return Rank
JELBX
PMAIX
JELBX vs. PMAIX - 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 Pioneer Multi-Asset Income Fund A (PMAIX). 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.
| JELBX | PMAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.47 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.72 | -1.74 |
| Martin ratioReturn relative to average drawdown | 7.96 | 12.91 | -4.96 |
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Drawdowns
JELBX vs. PMAIX - Drawdown Comparison
The maximum JELBX drawdown since its inception was -50.73%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for JELBX and PMAIX.
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Drawdown Indicators
| JELBX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.73% | -24.12% | -26.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -4.07% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -9.82% | -7.99% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -13.97% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | -24.12% | +5.31% |
Current DrawdownCurrent decline from peak | -1.71% | -0.07% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -13.06% | -2.64% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.17% | +0.35% |
Volatility
JELBX vs. PMAIX - Volatility Comparison
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio (JELBX) has a higher volatility of 2.37% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 1.94%. This indicates that JELBX's price experiences larger fluctuations and is considered to be riskier than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JELBX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.94% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 4.87% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.87% | 5.97% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 7.23% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.56% | 7.52% | +1.04% |
JELBX vs. PMAIX - Expense Ratio Comparison
JELBX has a 0.17% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Dividends
JELBX vs. PMAIX - Dividend Comparison
JELBX's dividend yield for the trailing twelve months is around 6.45%, more than PMAIX's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JELBX John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio | 6.45% | 6.78% | 2.98% | 10.88% | 6.00% | 2.55% | 7.95% | 6.43% | 10.30% | 0.00% | 0.00% | 0.00% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.62% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Frequently Asked Questions
JELBX and PMAIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JELBX has higher volatility (2.37%) compared to PMAIX (1.94%). In terms of maximum drawdown, JELBX dropped -50.73% vs PMAIX's -24.12%.
PMAIX currently has the higher Sharpe Ratio (2.54 vs 1.43), 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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