JEQAX vs. VHCAX

Last updated Jun 23, 2026

JEQAX (John Hancock Variable Insurance Trust Fundamental All Cap Core Trust) and VHCAX (Vanguard Capital Opportunity Fund Admiral Shares) are both Large Cap Growth Equities funds. Over the past 5 years, JEQAX returned 8.33%/yr vs 14.75%/yr for VHCAX. Their correlation of 0.85 suggests significant overlap in exposure. JEQAX charges 0.76%/yr vs 0.36%/yr for VHCAX.

Performance

JEQAX vs. VHCAX - 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 Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEQAX achieves a -0.95% return, which is significantly lower than VHCAX's 26.85% return.

JEQAX

• 1D: 1.44%
• 1M: -0.79%
• YTD: -0.95%
• 6M: -1.11%
• 1Y: 8.45%
• 3Y*: 12.88%
• 5Y*: 8.33%
• 10Y*: —

VHCAX

• 1D: 2.38%
• 1M: 7.14%
• YTD: 26.85%
• 6M: 25.41%
• 1Y: 56.45%
• 3Y*: 25.85%
• 5Y*: 14.75%
• 10Y*: 17.59%

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

JEQAX vs. VHCAX - 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	-0.95%	4.79%	24.22%	35.53%	-24.07%	30.61%	26.78%	36.43%	-13.42%	21.18%
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	26.85%	25.83%	14.07%	25.63%	-17.56%	20.92%	22.83%	27.30%	-3.71%	23.80%

Correlation

The correlation between JEQAX and VHCAX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.85

Over the past year, the correlation between JEQAX and VHCAX has dropped to 0.60 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

JEQAX vs. VHCAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

VHCAX

VHCAX Risk / Return Rank: 91
VHCAX Sharpe Ratio Rank: 95
VHCAX Sortino Ratio Rank: 89
VHCAX Omega Ratio Rank: 85
VHCAX Calmar Ratio Rank: 91
VHCAX Martin Ratio Rank: 95

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.

JEQAX vs. VHCAX - 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 Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). 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	VHCAX	Difference
Sharpe ratio: Return per unit of total volatility	0.72	3.03	-2.31
Sortino ratio: Return per unit of downside risk	1.09	4.00	-2.91
Omega ratio: Gain probability vs. loss probability	1.13	1.54	-0.41
Calmar ratio: Return relative to maximum drawdown	0.76	4.51	-3.75
Martin ratio: Return relative to average drawdown	2.43	19.87	-17.44

JEQAX vs. VHCAX - Sharpe Ratio Comparison

The current JEQAX Sharpe Ratio is 0.72, which is lower than the VHCAX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of JEQAX and VHCAX, 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. VHCAX - Drawdown Comparison

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

Drawdown Indicators

	JEQAX	VHCAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.58%	-54.27%	+16.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.02%	-12.42%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-23.88%	-23.92%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-29.00%	-27.55%	-1.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-4.19%	-0.34%	-3.85%
Average Drawdown Average peak-to-trough decline	-6.48%	-8.39%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.81%	+1.26%

Volatility

JEQAX vs. VHCAX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Fundamental All Cap Core Trust (JEQAX) is 5.11%, while Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a volatility of 8.52%. This indicates that JEQAX experiences smaller price fluctuations and is considered to be less risky than VHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEQAX	VHCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	8.52%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	11.44%	15.57%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	18.45%	-3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	20.08%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	20.44%	+1.16%

JEQAX vs. VHCAX - Expense Ratio Comparison

JEQAX has a 0.76% expense ratio, which is higher than VHCAX's 0.36% expense ratio.

Dividends

JEQAX vs. VHCAX - Dividend Comparison

JEQAX's dividend yield for the trailing twelve months is around 12.44%, more than VHCAX's 7.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEQAX John Hancock Variable Insurance Trust Fundamental All Cap Core Trust	12.44%	12.32%	9.43%	13.44%	11.73%	8.06%	2.93%	8.07%	17.47%	0.29%	0.00%	0.00%
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	7.66%	9.71%	8.24%	2.40%	9.35%	10.55%	9.19%	6.48%	12.23%	3.87%	5.74%	5.39%

Frequently Asked Questions

Can I hold both JEQAX and VHCAX in my portfolio?

JEQAX and VHCAX have a correlation of 0.60, 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 VHCAX?

VHCAX has higher volatility (8.52%) compared to JEQAX (5.11%). In terms of maximum drawdown, JEQAX dropped -37.58% vs VHCAX's -54.27%.

Which has better risk-adjusted returns?

VHCAX currently has the higher Sharpe Ratio (3.03 vs 0.72), 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.