JEMUX vs. FSLSX

Last updated Jun 5, 2026

JEMUX (John Hancock Variable Insurance Trust Mid Value Trust) and FSLSX (Fidelity Value Strategies Fund) are both Mid Cap Value Equities funds. Over the past 5 years, JEMUX returned 10.02%/yr vs 9.06%/yr for FSLSX. Their correlation of 0.92 suggests significant overlap in exposure. JEMUX charges 0.93%/yr vs 0.86%/yr for FSLSX.

Performance

JEMUX vs. FSLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Mid Value Trust (JEMUX) and Fidelity Value Strategies Fund (FSLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMUX achieves a 14.76% return, which is significantly lower than FSLSX's 21.19% return.

JEMUX

• 1D: -0.37%
• 1M: 2.09%
• YTD: 14.76%
• 6M: 14.15%
• 1Y: 26.34%
• 3Y*: 17.37%
• 5Y*: 10.02%
• 10Y*: —

FSLSX

• 1D: 0.12%
• 1M: 2.34%
• YTD: 21.19%
• 6M: 13.18%
• 1Y: 30.57%
• 3Y*: 15.80%
• 5Y*: 9.06%
• 10Y*: 11.44%

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

JEMUX vs. FSLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEMUX John Hancock Variable Insurance Trust Mid Value Trust	14.76%	6.04%	16.23%	18.67%	-4.01%	24.30%	9.50%	19.52%	-11.45%	-0.17%
FSLSX Fidelity Value Strategies Fund	21.19%	0.24%	9.25%	20.54%	-7.37%	33.32%	8.24%	34.54%	-16.90%	14.26%

Correlation

The correlation between JEMUX and FSLSX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.92

The correlation between JEMUX and FSLSX shifts across timeframes, from 0.80 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JEMUX vs. FSLSX — Risk / Return Rank

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

JEMUX

JEMUX Risk / Return Rank: 56
JEMUX Sharpe Ratio Rank: 51
JEMUX Sortino Ratio Rank: 52
JEMUX Omega Ratio Rank: 45
JEMUX Calmar Ratio Rank: 70
JEMUX Martin Ratio Rank: 61

FSLSX

FSLSX Risk / Return Rank: 41
FSLSX Sharpe Ratio Rank: 31
FSLSX Sortino Ratio Rank: 27
FSLSX Omega Ratio Rank: 32
FSLSX Calmar Ratio Rank: 64
FSLSX Martin Ratio Rank: 49

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.

JEMUX vs. FSLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Mid Value Trust (JEMUX) and Fidelity Value Strategies Fund (FSLSX). 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.

	JEMUX	FSLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.62	+0.39
Sortino ratio: Return per unit of downside risk	2.96	2.17	+0.79
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	3.11	3.09	+0.01
Martin ratio: Return relative to average drawdown	11.55	10.09	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEMUX vs. FSLSX - Sharpe Ratio Comparison

The current JEMUX Sharpe Ratio is 2.01, which is comparable to the FSLSX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of JEMUX and FSLSX, 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

	JEMUX	FSLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.62	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.44	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.54	-0.05

Drawdowns

JEMUX vs. FSLSX - Drawdown Comparison

The maximum JEMUX drawdown since its inception was -39.41%, smaller than the maximum FSLSX drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for JEMUX and FSLSX.

Drawdown Indicators

	JEMUX	FSLSX	Difference
Max Drawdown Largest peak-to-trough decline	-39.41%	-69.87%	+30.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-9.79%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-21.96%	-26.81%	+4.85%
Max Drawdown (5Y) Largest decline over 5 years	-21.96%	-26.81%	+4.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.98%	—
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-5.75%	-8.28%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.99%	-0.53%

Volatility

JEMUX vs. FSLSX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Mid Value Trust (JEMUX) is 3.57%, while Fidelity Value Strategies Fund (FSLSX) has a volatility of 4.09%. This indicates that JEMUX experiences smaller price fluctuations and is considered to be less risky than FSLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMUX	FSLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	4.09%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	14.49%	-3.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	18.77%	-3.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	20.50%	-2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	21.92%	-2.29%

JEMUX vs. FSLSX - Expense Ratio Comparison

JEMUX has a 0.93% expense ratio, which is higher than FSLSX's 0.86% expense ratio.

Dividends

JEMUX vs. FSLSX - Dividend Comparison

JEMUX's dividend yield for the trailing twelve months is around 19.73%, while FSLSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSLSX Fidelity Value Strategies Fund	0.00%	0.00%	10.41%	2.49%	2.13%	7.29%	0.84%	4.84%	14.59%	6.57%	19.71%	1.26%
JEMUX John Hancock Variable Insurance Trust Mid Value Trust	19.73%	22.65%	5.67%	16.50%	14.45%	5.72%	3.65%	15.29%	10.03%	0.58%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEMUX and FSLSX in my portfolio?

JEMUX and FSLSX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEMUX or FSLSX?

FSLSX has higher volatility (4.09%) compared to JEMUX (3.57%). In terms of maximum drawdown, JEMUX dropped -39.41% vs FSLSX's -69.87%.

Which has better risk-adjusted returns?

JEMUX currently has the higher Sharpe Ratio (2.01 vs 1.62), 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.