JHAIX vs. TAUSX
JHAIX (JHancock Multi-Asset Absolute Return Fund) and TAUSX (John Hancock Investment Grade Bond Fund) are both mutual funds - JHAIX is a Tactical Allocation fund managed by John Hancock, while TAUSX is a Intermediate Core Bond fund managed by John Hancock. Over the past 10 years, JHAIX returned 3.17%/yr vs 1.55%/yr for TAUSX. At a 0.14 correlation, their price movements are largely independent. JHAIX charges 1.26%/yr vs 0.74%/yr for TAUSX.
Performance
JHAIX vs. TAUSX - Performance Comparison
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Returns By Period
In the year-to-date period, JHAIX achieves a 1.77% return, which is significantly higher than TAUSX's 0.20% return. Over the past 10 years, JHAIX has outperformed TAUSX with an annualized return of 3.17%, while TAUSX has yielded a comparatively lower 1.55% annualized return.
JHAIX
- 1D
- 0.46%
- 1M
- 1.20%
- YTD
- 1.77%
- 6M
- 1.48%
- 1Y
- 5.90%
- 3Y*
- 4.01%
- 5Y*
- 3.15%
- 10Y*
- 3.17%
TAUSX
- 1D
- 0.33%
- 1M
- 1.00%
- YTD
- 0.20%
- 6M
- 0.77%
- 1Y
- 4.90%
- 3Y*
- 3.57%
- 5Y*
- -0.62%
- 10Y*
- 1.55%
JHAIX vs. TAUSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHAIX JHancock Multi-Asset Absolute Return Fund | 1.77% | 4.47% | 3.85% | 4.88% | -5.30% | 11.80% | 2.10% | 9.39% | -5.13% | 3.75% |
TAUSX John Hancock Investment Grade Bond Fund | 0.20% | 7.38% | 0.94% | 4.76% | -14.69% | -1.49% | 9.52% | 8.71% | -0.38% | 3.88% |
Correlation
The correlation between JHAIX and TAUSX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2011 | 0.14 |
Over the past year, JHAIX and TAUSX have become more correlated (0.56) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
JHAIX vs. TAUSX — Risk / Return Rank
JHAIX
TAUSX
JHAIX vs. TAUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Multi-Asset Absolute Return Fund (JHAIX) and John Hancock Investment Grade Bond Fund (TAUSX). 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.
| JHAIX | TAUSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.52 | -0.75 |
| Martin ratioReturn relative to average drawdown | 2.29 | 4.27 | -1.98 |
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Drawdowns
JHAIX vs. TAUSX - Drawdown Comparison
The maximum JHAIX drawdown since its inception was -10.61%, smaller than the maximum TAUSX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for JHAIX and TAUSX.
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Drawdown Indicators
| JHAIX | TAUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.61% | -19.90% | +9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -3.23% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -7.29% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -19.90% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -10.61% | -19.90% | +9.29% |
Current DrawdownCurrent decline from peak | -0.90% | -4.40% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -2.37% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.15% | +1.30% |
Volatility
JHAIX vs. TAUSX - Volatility Comparison
JHancock Multi-Asset Absolute Return Fund (JHAIX) has a higher volatility of 2.73% compared to John Hancock Investment Grade Bond Fund (TAUSX) at 1.30%. This indicates that JHAIX's price experiences larger fluctuations and is considered to be riskier than TAUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHAIX | TAUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 1.30% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 3.11% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 4.07% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 6.07% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 5.00% | +1.55% |
JHAIX vs. TAUSX - Expense Ratio Comparison
JHAIX has a 1.26% expense ratio, which is higher than TAUSX's 0.74% expense ratio.
Dividends
JHAIX vs. TAUSX - Dividend Comparison
JHAIX has not paid dividends to shareholders, while TAUSX's dividend yield for the trailing twelve months is around 4.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHAIX JHancock Multi-Asset Absolute Return Fund | 0.00% | 0.00% | 1.84% | 0.00% | 3.45% | 0.00% | 0.80% | 17.08% | 0.00% | 0.00% | 0.00% | 6.92% |
TAUSX John Hancock Investment Grade Bond Fund | 4.05% | 3.99% | 3.40% | 2.64% | 2.50% | 2.25% | 4.49% | 2.83% | 2.83% | 2.65% | 2.66% | 2.88% |
Frequently Asked Questions
JHAIX and TAUSX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHAIX has higher volatility (2.73%) compared to TAUSX (1.30%). In terms of maximum drawdown, JHAIX dropped -10.61% vs TAUSX's -19.90%.
TAUSX currently has the higher Sharpe Ratio (1.21 vs 0.66), 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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