JHBIX vs. BCPIX

Last updated Jun 25, 2026

JHBIX (John Hancock Bond Fund Class I) and BCPIX (Brandes Core Plus Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, JHBIX returned 2.47%/yr vs 1.72%/yr for BCPIX. Their correlation of 0.86 suggests significant overlap in exposure. JHBIX charges 0.46%/yr vs 0.30%/yr for BCPIX.

Performance

JHBIX vs. BCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Bond Fund Class I (JHBIX) and Brandes Core Plus Fixed Income Fund (BCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHBIX achieves a 0.37% return, which is significantly higher than BCPIX's 0.04% return. Over the past 10 years, JHBIX has outperformed BCPIX with an annualized return of 2.47%, while BCPIX has yielded a comparatively lower 1.72% annualized return.

JHBIX

• 1D: 0.07%
• 1M: 0.82%
• YTD: 0.37%
• 6M: 0.68%
• 1Y: 4.61%
• 3Y*: 4.69%
• 5Y*: 0.18%
• 10Y*: 2.47%

BCPIX

• 1D: 0.12%
• 1M: 1.01%
• YTD: 0.04%
• 6M: 0.44%
• 1Y: 3.53%
• 3Y*: 4.15%
• 5Y*: 0.75%
• 10Y*: 1.72%

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

JHBIX vs. BCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHBIX John Hancock Bond Fund Class I	0.37%	7.68%	2.28%	6.57%	-14.99%	-0.41%	10.56%	10.48%	-0.86%	5.26%
BCPIX Brandes Core Plus Fixed Income Fund	0.04%	6.71%	1.98%	6.70%	-10.78%	-0.34%	5.77%	6.65%	-0.45%	2.74%

Correlation

The correlation between JHBIX and BCPIX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007	0.86

The correlation between JHBIX and BCPIX shifts across timeframes, from 0.86 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

JHBIX vs. BCPIX — Risk / Return Rank

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

JHBIX

JHBIX Risk / Return Rank: 26
JHBIX Sharpe Ratio Rank: 28
JHBIX Sortino Ratio Rank: 29
JHBIX Omega Ratio Rank: 27
JHBIX Calmar Ratio Rank: 25
JHBIX Martin Ratio Rank: 22

BCPIX

BCPIX Risk / Return Rank: 17
BCPIX Sharpe Ratio Rank: 17
BCPIX Sortino Ratio Rank: 18
BCPIX Omega Ratio Rank: 15
BCPIX Calmar Ratio Rank: 19
BCPIX Martin Ratio Rank: 18

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.

JHBIX vs. BCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class I (JHBIX) and Brandes Core Plus Fixed Income Fund (BCPIX). 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.

	JHBIX	BCPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.03	+0.24
Sortino ratio: Return per unit of downside risk	1.91	1.55	+0.36
Omega ratio: Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	1.58	1.40	+0.18
Martin ratio: Return relative to average drawdown	4.53	4.08	+0.45

JHBIX vs. BCPIX - Sharpe Ratio Comparison

The current JHBIX Sharpe Ratio is 1.27, which is comparable to the BCPIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of JHBIX and BCPIX, 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

JHBIX vs. BCPIX - Drawdown Comparison

The maximum JHBIX drawdown since its inception was -19.90%, smaller than the maximum BCPIX drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for JHBIX and BCPIX.

Drawdown Indicators

	JHBIX	BCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-22.43%	+2.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-2.63%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-6.62%	-5.44%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-15.19%	-4.71%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	-15.19%	-4.71%
Current Drawdown Current decline from peak	-1.57%	-1.17%	-0.40%
Average Drawdown Average peak-to-trough decline	-2.73%	-4.24%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	0.90%	+0.20%

Volatility

JHBIX vs. BCPIX - Volatility Comparison

John Hancock Bond Fund Class I (JHBIX) and Brandes Core Plus Fixed Income Fund (BCPIX) have volatilities of 1.17% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBIX	BCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.17%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	2.71%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	3.57%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	5.10%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	4.18%	+0.78%

JHBIX vs. BCPIX - Expense Ratio Comparison

JHBIX has a 0.46% expense ratio, which is higher than BCPIX's 0.30% expense ratio.

Dividends

JHBIX vs. BCPIX - Dividend Comparison

JHBIX's dividend yield for the trailing twelve months is around 4.62%, more than BCPIX's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCPIX Brandes Core Plus Fixed Income Fund	4.22%	4.32%	3.67%	2.91%	2.54%	1.89%	1.76%	2.77%	2.90%	2.49%	2.84%	2.72%
JHBIX John Hancock Bond Fund Class I	4.62%	4.54%	4.45%	4.11%	3.21%	3.57%	5.78%	4.04%	3.81%	3.54%	3.50%	3.81%

Frequently Asked Questions

Can I hold both JHBIX and BCPIX in my portfolio?

With a correlation of 0.95, JHBIX and BCPIX 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, JHBIX or BCPIX?

BCPIX has higher volatility (1.17%) compared to JHBIX (1.17%). In terms of maximum drawdown, JHBIX dropped -19.90% vs BCPIX's -22.43%.

Which has better risk-adjusted returns?

JHBIX currently has the higher Sharpe Ratio (1.27 vs 1.03), 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.