JEQAX vs. BLUEX

Last updated Aug 1, 2026

JEQAX (John Hancock Variable Insurance Trust Fundamental All Cap Core Trust) and BLUEX (AMG Veritas Global Real Return Fund) are both Large Cap Growth Equities funds. Over the past 5 years, JEQAX returned 7.88%/yr vs 0.98%/yr for BLUEX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. JEQAX charges 0.76%/yr vs 1.15%/yr for BLUEX.

Performance

JEQAX vs. BLUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Fundamental All Cap Core Trust (JEQAX) and AMG Veritas Global Real Return Fund (BLUEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEQAX achieves a 1.67% return, which is significantly higher than BLUEX's -1.30% return.

JEQAX

• 1D: 0.00%
• 1M: 0.91%
• 6M: 1.87%
• YTD: 1.67%
• 1Y: 5.83%
• 3Y*: 12.17%
• 5Y*: 7.88%
• 10Y*: —
• ALL TIME*: 13.15%

BLUEX

• 1D: -0.05%
• 1M: 2.06%
• 6M: 0.53%
• YTD: -1.30%
• 1Y: 2.01%
• 3Y*: 3.85%
• 5Y*: 0.98%
• 10Y*: 9.72%
• ALL TIME*: 9.36%

*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)
BLUEX AMG Veritas Global Real Return Fund	$0.00	$0.00	$0.00
JEQAX John Hancock Variable Insurance Trust Fundamental All Cap Core Trust	$0.00	$0.00	$0.00

JEQAX vs. BLUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEQAX John Hancock Variable Insurance Trust Fundamental All Cap Core Trust	1.67%	4.79%	24.22%	35.53%	-24.07%	30.61%	26.78%	36.43%	-13.42%	21.18%
BLUEX AMG Veritas Global Real Return Fund	-1.30%	4.45%	7.24%	14.35%	-14.30%	3.22%	34.74%	35.34%	-4.91%	21.93%

Correlation

The correlation between JEQAX and BLUEX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.73

The correlation between JEQAX and BLUEX shifts across timeframes, from 0.55 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JEQAX vs. BLUEX — Risk / Return Rank

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

JEQAX

JEQAX Risk / Return Rank: 9
JEQAX Sharpe Ratio Rank: 9
JEQAX Sortino Ratio Rank: 9
JEQAX Omega Ratio Rank: 9
JEQAX Calmar Ratio Rank: 8
JEQAX Martin Ratio Rank: 9

BLUEX

BLUEX Risk / Return Rank: 5
BLUEX Sharpe Ratio Rank: 5
BLUEX Sortino Ratio Rank: 5
BLUEX Omega Ratio Rank: 5
BLUEX Calmar Ratio Rank: 5
BLUEX Martin Ratio Rank: 5

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.

JEQAX vs. BLUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Fundamental All Cap Core Trust (JEQAX) and AMG Veritas Global Real Return Fund (BLUEX). 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.

	JEQAX	BLUEX	Difference
Sharpe ratio: Return per unit of total volatility	0.38	0.05	+0.33
Sortino ratio: Return per unit of downside risk	0.64	0.16	+0.48
Omega ratio: Gain probability vs. loss probability	1.08	1.02	+0.06
Calmar ratio: Return relative to maximum drawdown	0.40	0.05	+0.36
Martin ratio: Return relative to average drawdown	1.27	0.11	+1.16

JEQAX vs. BLUEX - Sharpe Ratio Comparison

The current JEQAX Sharpe Ratio is 0.38, which is higher than the BLUEX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of JEQAX and BLUEX, 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

JEQAX vs. BLUEX - Drawdown Comparison

The maximum JEQAX drawdown since its inception was -37.58%, smaller than the maximum BLUEX drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for JEQAX and BLUEX.

Drawdown Indicators

	JEQAX	BLUEX	Difference
Max Drawdown Largest peak-to-trough decline	-37.58%	-54.27%	+16.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.02%	-12.19%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-23.88%	-12.19%	-11.69%
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	-21.87%	-7.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.06%	—
Current Drawdown Current decline from peak	-1.65%	-3.35%	+1.70%
Average Drawdown Average peak-to-trough decline	-6.44%	-13.34%	+6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	5.56%	-1.47%

Volatility

JEQAX vs. BLUEX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Fundamental All Cap Core Trust (JEQAX) is 3.49%, while AMG Veritas Global Real Return Fund (BLUEX) has a volatility of 3.80%. This indicates that JEQAX experiences smaller price fluctuations and is considered to be less risky than BLUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEQAX	BLUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.80%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	8.91%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	10.90%	+3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	10.85%	+10.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	16.57%	+4.94%

JEQAX vs. BLUEX - Expense Ratio Comparison

JEQAX has a 0.76% expense ratio, which is lower than BLUEX's 1.15% expense ratio.

Dividends

JEQAX vs. BLUEX - Dividend Comparison

JEQAX's dividend yield for the trailing twelve months is around 12.12%, more than BLUEX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLUEX AMG Veritas Global Real Return Fund	0.32%	0.31%	0.29%	0.03%	11.84%	27.20%	25.43%	13.71%	13.40%	0.00%	0.00%	0.24%
JEQAX John Hancock Variable Insurance Trust Fundamental All Cap Core Trust	12.12%	12.32%	9.43%	13.44%	11.73%	8.06%	2.93%	8.07%	17.47%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEQAX and BLUEX in my portfolio?

JEQAX and BLUEX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEQAX or BLUEX?

BLUEX has higher volatility (3.80%) compared to JEQAX (3.49%). In terms of maximum drawdown, JEQAX dropped -37.58% vs BLUEX's -54.27%.

Which has better risk-adjusted returns?

JEQAX currently has the higher Sharpe Ratio (0.38 vs 0.05), 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.