JEVNX vs. TEQLX

Last updated Jun 23, 2026

JEVNX (John Hancock Funds II Emerging Markets Fund) and TEQLX (TIAA-CREF Emerging Markets Equity Index Fund) are both Emerging Markets Diversified funds. Over the past 10 years, JEVNX returned 8.61%/yr vs 10.58%/yr for TEQLX. With a 0.96 correlation, they move nearly in lockstep. JEVNX charges 1.00%/yr vs 0.19%/yr for TEQLX.

Performance

JEVNX vs. TEQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Emerging Markets Fund (JEVNX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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 lower than TEQLX's 30.06% return. Over the past 10 years, JEVNX has underperformed TEQLX with an annualized return of 8.61%, while TEQLX has yielded a comparatively higher 10.58% 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%

TEQLX

• 1D: 3.11%
• 1M: 7.60%
• YTD: 30.06%
• 6M: 31.94%
• 1Y: 55.75%
• 3Y*: 23.22%
• 5Y*: 8.29%
• 10Y*: 10.58%

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

JEVNX vs. TEQLX - 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%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	30.06%	34.10%	6.71%	9.23%	-20.22%	-3.07%	17.67%	18.59%	-14.60%	37.47%

Correlation

The correlation between JEVNX and TEQLX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 31, 2010	0.96

The correlation between JEVNX and TEQLX has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.

Return for Risk

JEVNX vs. TEQLX — 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

TEQLX

TEQLX Risk / Return Rank: 86
TEQLX Sharpe Ratio Rank: 90
TEQLX Sortino Ratio Rank: 78
TEQLX Omega Ratio Rank: 84
TEQLX Calmar Ratio Rank: 89
TEQLX Martin Ratio Rank: 88

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. TEQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Emerging Markets Fund (JEVNX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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	TEQLX	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.75	-0.18
Sortino ratio: Return per unit of downside risk	3.24	3.41	-0.17
Omega ratio: Gain probability vs. loss probability	1.49	1.52	-0.04
Calmar ratio: Return relative to maximum drawdown	3.67	4.18	-0.51
Martin ratio: Return relative to average drawdown	13.24	15.69	-2.45

JEVNX vs. TEQLX - Sharpe Ratio Comparison

The current JEVNX Sharpe Ratio is 2.57, which is comparable to the TEQLX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of JEVNX and TEQLX, 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. TEQLX - Drawdown Comparison

The maximum JEVNX drawdown since its inception was -66.06%, which is greater than TEQLX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for JEVNX and TEQLX.

Drawdown Indicators

	JEVNX	TEQLX	Difference
Max Drawdown Largest peak-to-trough decline	-66.06%	-39.33%	-26.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-13.32%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-15.97%	-10.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.13%	-36.96%	+6.83%
Max Drawdown (10Y) Largest decline over 10 years	-42.39%	-39.33%	-3.06%
Current Drawdown Current decline from peak	-1.07%	-0.05%	-1.02%
Average Drawdown Average peak-to-trough decline	-15.51%	-14.57%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.53%	-0.40%

Volatility

JEVNX vs. TEQLX - Volatility Comparison

The current volatility for John Hancock Funds II Emerging Markets Fund (JEVNX) is 6.55%, while TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) has a volatility of 10.69%. This indicates that JEVNX experiences smaller price fluctuations and is considered to be less risky than TEQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEVNX	TEQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	10.69%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	18.12%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	20.21%	-4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.17%	17.49%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	17.90%	+1.22%

JEVNX vs. TEQLX - Expense Ratio Comparison

JEVNX has a 1.00% expense ratio, which is higher than TEQLX's 0.19% expense ratio.

Dividends

JEVNX vs. TEQLX - Dividend Comparison

JEVNX's dividend yield for the trailing twelve months is around 9.21%, more than TEQLX's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	2.17%	2.83%	2.93%	3.08%	2.51%	2.27%	2.04%	2.77%	2.43%	1.98%	1.88%	2.40%

Frequently Asked Questions

Can I hold both JEVNX and TEQLX in my portfolio?

JEVNX and TEQLX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEVNX or TEQLX?

TEQLX has higher volatility (10.69%) compared to JEVNX (6.55%). In terms of maximum drawdown, JEVNX dropped -66.06% vs TEQLX's -39.33%.

Which has better risk-adjusted returns?

TEQLX currently has the higher Sharpe Ratio (2.75 vs 2.57), 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.