JFIIX vs. DAFRX
JFIIX (John Hancock Funds Floating Rate Income Fund) and DAFRX (Dunham Floating Rate Bond Fund) are both Bank Loan funds. Over the past 10 years, JFIIX returned 4.25%/yr vs 3.84%/yr for DAFRX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. JFIIX charges 0.78%/yr vs 1.29%/yr for DAFRX.
Performance
JFIIX vs. DAFRX - Performance Comparison
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Returns By Period
In the year-to-date period, JFIIX achieves a 0.73% return, which is significantly lower than DAFRX's 1.75% return. Over the past 10 years, JFIIX has outperformed DAFRX with an annualized return of 4.25%, while DAFRX has yielded a comparatively lower 3.84% annualized return.
JFIIX
- 1D
- 0.00%
- 1M
- -0.14%
- 6M
- 0.87%
- YTD
- 0.73%
- 1Y
- 2.29%
- 3Y*
- 4.90%
- 5Y*
- 4.18%
- 10Y*
- 4.25%
- ALL TIME*
- 4.19%
DAFRX
- 1D
- -0.60%
- 1M
- -0.36%
- 6M
- 1.52%
- YTD
- 1.75%
- 1Y
- 2.93%
- 3Y*
- 6.39%
- 5Y*
- 5.01%
- 10Y*
- 3.84%
- ALL TIME*
- 3.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JFIIX vs. DAFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JFIIX John Hancock Funds Floating Rate Income Fund | 0.73% | 4.78% | 7.19% | 11.06% | -3.83% | 4.50% | 2.91% | 9.34% | -0.88% | 3.02% |
DAFRX Dunham Floating Rate Bond Fund | 1.75% | 5.04% | 7.26% | 13.05% | -2.54% | 3.51% | -0.09% | 7.18% | -1.06% | 2.71% |
Correlation
The correlation between JFIIX and DAFRX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.52 |
The correlation between JFIIX and DAFRX shifts across timeframes, from 0.38 (3 years) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JFIIX vs. DAFRX — Risk / Return Rank
JFIIX
DAFRX
JFIIX vs. DAFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Floating Rate Income Fund (JFIIX) and Dunham Floating Rate Bond Fund (DAFRX). 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.
| JFIIX | DAFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.94 | -0.53 |
| Martin ratioReturn relative to average drawdown | 3.92 | 6.20 | -2.28 |
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Drawdowns
JFIIX vs. DAFRX - Drawdown Comparison
The maximum JFIIX drawdown since its inception was -29.82%, which is greater than DAFRX's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for JFIIX and DAFRX.
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Drawdown Indicators
| JFIIX | DAFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.82% | -19.42% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -1.45% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -3.34% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -7.64% | -7.08% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -20.88% | -19.42% | -1.46% |
Current DrawdownCurrent decline from peak | -0.27% | -0.72% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -0.96% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.45% | +0.10% |
Volatility
JFIIX vs. DAFRX - Volatility Comparison
The current volatility for John Hancock Funds Floating Rate Income Fund (JFIIX) is 0.24%, while Dunham Floating Rate Bond Fund (DAFRX) has a volatility of 0.70%. This indicates that JFIIX experiences smaller price fluctuations and is considered to be less risky than DAFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JFIIX | DAFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 0.70% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 1.44% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 1.79% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 2.26% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 3.39% | +0.45% |
JFIIX vs. DAFRX - Expense Ratio Comparison
JFIIX has a 0.78% expense ratio, which is lower than DAFRX's 1.29% expense ratio.
Dividends
JFIIX vs. DAFRX - Dividend Comparison
JFIIX's dividend yield for the trailing twelve months is around 5.97%, less than DAFRX's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFRX Dunham Floating Rate Bond Fund | 6.80% | 7.26% | 7.87% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.01% | 3.13% |
JFIIX John Hancock Funds Floating Rate Income Fund | 5.97% | 6.96% | 6.92% | 6.51% | 7.33% | 3.44% | 4.36% | 5.72% | 4.65% | 4.52% | 5.42% | 5.33% |
Frequently Asked Questions
JFIIX and DAFRX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAFRX has higher volatility (0.70%) compared to JFIIX (0.24%). In terms of maximum drawdown, JFIIX dropped -29.82% vs DAFRX's -19.42%.
DAFRX currently has the higher Sharpe Ratio (1.57 vs 0.98), 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.
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