JEMUX vs. NQVRX

Last updated Jun 5, 2026

JEMUX (John Hancock Variable Insurance Trust Mid Value Trust) and NQVRX (Nuveen Multi Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 5 years, JEMUX returned 10.02%/yr vs 12.60%/yr for NQVRX. Their correlation of 0.89 suggests significant overlap in exposure. JEMUX charges 0.93%/yr vs 1.00%/yr for NQVRX.

Performance

JEMUX vs. NQVRX - 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 Nuveen Multi Cap Value Fund (NQVRX). 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 higher than NQVRX's 12.60% return.

JEMUX

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

NQVRX

• 1D: -0.69%
• 1M: -0.32%
• YTD: 12.60%
• 6M: 13.30%
• 1Y: 32.08%
• 3Y*: 20.00%
• 5Y*: 12.60%
• 10Y*: 12.87%

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

JEMUX vs. NQVRX - 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%
NQVRX Nuveen Multi Cap Value Fund	12.60%	17.89%	19.25%	15.94%	-1.02%	28.56%	-0.27%	30.35%	-14.39%	17.59%

Correlation

The correlation between JEMUX and NQVRX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.89

The correlation between JEMUX and NQVRX shifts across timeframes, from 0.77 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JEMUX vs. NQVRX — 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

NQVRX

NQVRX Risk / Return Rank: 75
NQVRX Sharpe Ratio Rank: 71
NQVRX Sortino Ratio Rank: 67
NQVRX Omega Ratio Rank: 60
NQVRX Calmar Ratio Rank: 88
NQVRX Martin Ratio Rank: 87

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. NQVRX - 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 Nuveen Multi Cap Value Fund (NQVRX). 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	NQVRX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.43	-0.42
Sortino ratio: Return per unit of downside risk	2.96	3.39	-0.43
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.08
Calmar ratio: Return relative to maximum drawdown	3.11	4.29	-1.19
Martin ratio: Return relative to average drawdown	11.55	16.42	-4.87
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. NQVRX - Sharpe Ratio Comparison

The current JEMUX Sharpe Ratio is 2.01, which is comparable to the NQVRX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of JEMUX and NQVRX, 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	NQVRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.43	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.78	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.41	+0.08

Drawdowns

JEMUX vs. NQVRX - Drawdown Comparison

The maximum JEMUX drawdown since its inception was -39.41%, smaller than the maximum NQVRX drawdown of -67.80%. Use the drawdown chart below to compare losses from any high point for JEMUX and NQVRX.

Drawdown Indicators

	JEMUX	NQVRX	Difference
Max Drawdown Largest peak-to-trough decline	-39.41%	-67.80%	+28.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-7.37%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-21.96%	-17.93%	-4.03%
Max Drawdown (5Y) Largest decline over 5 years	-21.96%	-17.93%	-4.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.26%	—
Current Drawdown Current decline from peak	-0.46%	-1.89%	+1.43%
Average Drawdown Average peak-to-trough decline	-5.75%	-10.99%	+5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	1.92%	+0.54%

Volatility

JEMUX vs. NQVRX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Mid Value Trust (JEMUX) is 3.57%, while Nuveen Multi Cap Value Fund (NQVRX) has a volatility of 4.38%. This indicates that JEMUX experiences smaller price fluctuations and is considered to be less risky than NQVRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMUX	NQVRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	4.38%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	9.86%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	13.02%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	16.25%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	19.10%	+0.53%

JEMUX vs. NQVRX - Expense Ratio Comparison

JEMUX has a 0.93% expense ratio, which is lower than NQVRX's 1.00% expense ratio.

Dividends

JEMUX vs. NQVRX - Dividend Comparison

JEMUX's dividend yield for the trailing twelve months is around 19.73%, more than NQVRX's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NQVRX Nuveen Multi Cap Value Fund	1.66%	1.87%	1.86%	1.29%	1.42%	1.23%	3.40%	1.34%	0.00%	1.99%	1.02%	1.05%

Frequently Asked Questions

Can I hold both JEMUX and NQVRX in my portfolio?

JEMUX and NQVRX have a correlation of 0.77, 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 NQVRX?

NQVRX has higher volatility (4.38%) compared to JEMUX (3.57%). In terms of maximum drawdown, JEMUX dropped -39.41% vs NQVRX's -67.80%.

Which has better risk-adjusted returns?

NQVRX currently has the higher Sharpe Ratio (2.43 vs 2.01), 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.