JFIIX vs. FFRSX
JFIIX (John Hancock Funds Floating Rate Income Fund) and FFRSX (Federated Hermes Floating Rate Strat Inc Fund) are both Bank Loan funds. Over the past 10 years, JFIIX returned 4.38%/yr vs 3.39%/yr for FFRSX. A 0.58 correlation means they provide meaningful diversification when combined. JFIIX charges 0.78%/yr vs 0.68%/yr for FFRSX.
Performance
JFIIX vs. FFRSX - Performance Comparison
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Returns By Period
In the year-to-date period, JFIIX achieves a 0.48% return, which is significantly lower than FFRSX's 0.90% return. Over the past 10 years, JFIIX has outperformed FFRSX with an annualized return of 4.38%, while FFRSX has yielded a comparatively lower 3.39% annualized return.
JFIIX
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 0.48%
- 6M
- 1.15%
- 1Y
- 3.52%
- 3Y*
- 5.70%
- 5Y*
- 4.19%
- 10Y*
- 4.38%
FFRSX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 0.90%
- 6M
- 1.49%
- 1Y
- 4.58%
- 3Y*
- 6.25%
- 5Y*
- 3.31%
- 10Y*
- 3.39%
JFIIX vs. FFRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JFIIX John Hancock Funds Floating Rate Income Fund | 0.48% | 4.78% | 7.19% | 11.06% | -3.83% | 4.50% | 2.91% | 9.34% | -0.88% | 3.02% |
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 0.90% | 5.61% | 6.71% | 8.04% | -5.85% | 3.73% | 0.45% | 6.71% | 0.38% | 3.54% |
Correlation
The correlation between JFIIX and FFRSX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.58 |
The correlation between JFIIX and FFRSX shifts across timeframes, from 0.40 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JFIIX vs. FFRSX — Risk / Return Rank
JFIIX
FFRSX
JFIIX vs. FFRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Floating Rate Income Fund (JFIIX) and Federated Hermes Floating Rate Strat Inc Fund (FFRSX). 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 | FFRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.89 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 4.29 | -1.99 |
| Martin ratioReturn relative to average drawdown | 6.46 | 14.90 | -8.44 |
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Drawdowns
JFIIX vs. FFRSX - Drawdown Comparison
The maximum JFIIX drawdown since its inception was -29.82%, which is greater than FFRSX's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for JFIIX and FFRSX.
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Drawdown Indicators
| JFIIX | FFRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.82% | -17.13% | -12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -1.07% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -1.45% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -7.64% | -7.54% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -20.88% | -17.13% | -3.75% |
Current DrawdownCurrent decline from peak | -0.27% | -0.12% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -0.91% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.31% | +0.24% |
Volatility
JFIIX vs. FFRSX - Volatility Comparison
John Hancock Funds Floating Rate Income Fund (JFIIX) has a higher volatility of 0.55% compared to Federated Hermes Floating Rate Strat Inc Fund (FFRSX) at 0.50%. This indicates that JFIIX's price experiences larger fluctuations and is considered to be riskier than FFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JFIIX | FFRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.50% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 1.48% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 2.10% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.44% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 3.24% | +0.60% |
JFIIX vs. FFRSX - Expense Ratio Comparison
JFIIX has a 0.78% expense ratio, which is higher than FFRSX's 0.68% expense ratio.
Dividends
JFIIX vs. FFRSX - Dividend Comparison
JFIIX's dividend yield for the trailing twelve months is around 6.65%, more than FFRSX's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.80% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
JFIIX John Hancock Funds Floating Rate Income Fund | 6.65% | 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 FFRSX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JFIIX has higher volatility (0.55%) compared to FFRSX (0.50%). In terms of maximum drawdown, JFIIX dropped -29.82% vs FFRSX's -17.13%.
FFRSX currently has the higher Sharpe Ratio (2.19 vs 1.54), 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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