JEVNX vs. EITEX

Last updated Jun 23, 2026

JEVNX (John Hancock Funds II Emerging Markets Fund) and EITEX (Parametric Tax-Managed Emerging Markets Fund) are both Emerging Markets Diversified funds. Over the past 10 years, JEVNX returned 8.61%/yr vs 7.62%/yr for EITEX. Their correlation of 0.94 suggests significant overlap in exposure. JEVNX charges 1.00%/yr vs 0.96%/yr for EITEX.

Performance

JEVNX vs. EITEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Emerging Markets Fund (JEVNX) and Parametric Tax-Managed Emerging Markets Fund (EITEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEVNX achieves a 18.58% return, which is significantly higher than EITEX's 12.31% return. Over the past 10 years, JEVNX has outperformed EITEX with an annualized return of 8.61%, while EITEX has yielded a comparatively lower 7.62% annualized return.

JEVNX

• 1D: 1.26%
• 1M: 2.03%
• YTD: 18.58%
• 6M: 19.52%
• 1Y: 42.88%
• 3Y*: 15.84%
• 5Y*: 6.46%
• 10Y*: 8.61%

EITEX

• 1D: 0.81%
• 1M: 2.54%
• YTD: 12.31%
• 6M: 12.76%
• 1Y: 31.97%
• 3Y*: 15.81%
• 5Y*: 7.25%
• 10Y*: 7.62%

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

JEVNX vs. EITEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEVNX John Hancock Funds II Emerging Markets Fund	18.58%	32.80%	-4.13%	13.59%	-16.55%	3.53%	12.07%	14.84%	-15.49%	35.51%
EITEX Parametric Tax-Managed Emerging Markets Fund	12.31%	28.58%	4.67%	10.69%	-12.11%	4.47%	4.51%	12.51%	-13.20%	27.10%

Correlation

The correlation between JEVNX and EITEX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 2, 2007	0.94

The correlation between JEVNX and EITEX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

Return for Risk

JEVNX vs. EITEX — Risk / Return Rank

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

JEVNX

JEVNX Risk / Return Rank: 79
JEVNX Sharpe Ratio Rank: 85
JEVNX Sortino Ratio Rank: 73
JEVNX Omega Ratio Rank: 80
JEVNX Calmar Ratio Rank: 83
JEVNX Martin Ratio Rank: 75

EITEX

EITEX Risk / Return Rank: 75
EITEX Sharpe Ratio Rank: 82
EITEX Sortino Ratio Rank: 76
EITEX Omega Ratio Rank: 82
EITEX Calmar Ratio Rank: 73
EITEX Martin Ratio Rank: 61

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.

JEVNX vs. EITEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Emerging Markets Fund (JEVNX) and Parametric Tax-Managed Emerging Markets Fund (EITEX). 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.

	JEVNX	EITEX	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.47	+0.10
Sortino ratio: Return per unit of downside risk	3.24	3.33	-0.08
Omega ratio: Gain probability vs. loss probability	1.49	1.49	-0.01
Calmar ratio: Return relative to maximum drawdown	3.67	3.16	+0.51
Martin ratio: Return relative to average drawdown	13.24	11.37	+1.87

JEVNX vs. EITEX - Sharpe Ratio Comparison

The current JEVNX Sharpe Ratio is 2.57, which is comparable to the EITEX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of JEVNX and EITEX, 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

JEVNX vs. EITEX - Drawdown Comparison

The maximum JEVNX drawdown since its inception was -66.06%, which is greater than EITEX's maximum drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for JEVNX and EITEX.

Drawdown Indicators

	JEVNX	EITEX	Difference
Max Drawdown Largest peak-to-trough decline	-66.06%	-61.70%	-4.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-9.88%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-11.86%	-14.86%
Max Drawdown (5Y) Largest decline over 5 years	-30.13%	-25.58%	-4.55%
Max Drawdown (10Y) Largest decline over 10 years	-42.39%	-43.10%	+0.71%
Current Drawdown Current decline from peak	-1.07%	-0.80%	-0.27%
Average Drawdown Average peak-to-trough decline	-15.51%	-13.91%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.74%	+0.39%

Volatility

JEVNX vs. EITEX - Volatility Comparison

John Hancock Funds II Emerging Markets Fund (JEVNX) has a higher volatility of 6.55% compared to Parametric Tax-Managed Emerging Markets Fund (EITEX) at 5.34%. This indicates that JEVNX's price experiences larger fluctuations and is considered to be riskier than EITEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEVNX	EITEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	5.34%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	11.07%	+2.58%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	12.63%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.17%	12.42%	+8.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	13.79%	+5.33%

JEVNX vs. EITEX - Expense Ratio Comparison

JEVNX has a 1.00% expense ratio, which is higher than EITEX's 0.96% expense ratio.

Dividends

JEVNX vs. EITEX - Dividend Comparison

JEVNX's dividend yield for the trailing twelve months is around 9.21%, more than EITEX's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EITEX Parametric Tax-Managed Emerging Markets Fund	4.25%	4.77%	4.58%	5.85%	10.39%	9.72%	1.79%	2.63%	2.26%	1.80%	1.67%	2.11%
JEVNX John Hancock Funds II Emerging Markets Fund	9.21%	10.92%	26.55%	3.06%	2.33%	3.07%	1.40%	2.35%	1.78%	1.34%	1.95%	2.08%

Frequently Asked Questions

Can I hold both JEVNX and EITEX in my portfolio?

With a correlation of 0.90, JEVNX and EITEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JEVNX or EITEX?

JEVNX has higher volatility (6.55%) compared to EITEX (5.34%). In terms of maximum drawdown, JEVNX dropped -66.06% vs EITEX's -61.70%.

Which has better risk-adjusted returns?

JEVNX currently has the higher Sharpe Ratio (2.57 vs 2.47), 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.