JHBIX vs. BMCIX

Last updated Jun 23, 2026

JHBIX (John Hancock Bond Fund Class I) and BMCIX (BlackRock High Equity Income Fund) are both mutual funds - JHBIX is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while BMCIX is a Derivative Income fund managed by BlackRock. Over the past 10 years, JHBIX returned 2.49%/yr vs 9.73%/yr for BMCIX. At a correlation of -0.08, they often move in opposite directions. JHBIX charges 0.46%/yr vs 0.85%/yr for BMCIX.

Performance

JHBIX vs. BMCIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JHBIX achieves a 0.59% return, which is significantly lower than BMCIX's 9.40% return. Over the past 10 years, JHBIX has underperformed BMCIX with an annualized return of 2.49%, while BMCIX has yielded a comparatively higher 9.73% annualized return.

JHBIX

• 1D: 0.22%
• 1M: 1.05%
• YTD: 0.59%
• 6M: 1.13%
• 1Y: 5.46%
• 3Y*: 4.77%
• 5Y*: 0.19%
• 10Y*: 2.49%

BMCIX

• 1D: 0.76%
• 1M: 3.30%
• YTD: 9.40%
• 6M: 10.07%
• 1Y: 23.08%
• 3Y*: 13.20%
• 5Y*: 9.64%
• 10Y*: 9.73%

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

JHBIX vs. BMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHBIX John Hancock Bond Fund Class I	0.59%	7.68%	2.28%	6.57%	-14.99%	-0.41%	10.56%	10.48%	-0.86%	5.26%
BMCIX BlackRock High Equity Income Fund	9.40%	17.11%	7.80%	10.05%	-2.62%	22.41%	-1.56%	22.00%	-6.25%	16.31%

Correlation

The correlation between JHBIX and BMCIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001	-0.08

The correlation between JHBIX and BMCIX shifts across timeframes, from -0.08 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JHBIX vs. BMCIX — 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: 27
JHBIX Sortino Ratio Rank: 30
JHBIX Omega Ratio Rank: 26
JHBIX Calmar Ratio Rank: 24
JHBIX Martin Ratio Rank: 21

BMCIX

BMCIX Risk / Return Rank: 54
BMCIX Sharpe Ratio Rank: 58
BMCIX Sortino Ratio Rank: 61
BMCIX Omega Ratio Rank: 55
BMCIX Calmar Ratio Rank: 44
BMCIX Martin Ratio Rank: 54

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. BMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class I (JHBIX) and BlackRock High Equity Income Fund (BMCIX). 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	BMCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.07	-0.68
Sortino ratio: Return per unit of downside risk	2.09	2.99	-0.90
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	1.73	2.42	-0.70
Martin ratio: Return relative to average drawdown	5.00	10.33	-5.33

JHBIX vs. BMCIX - Sharpe Ratio Comparison

The current JHBIX Sharpe Ratio is 1.39, which is lower than the BMCIX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of JHBIX and BMCIX, 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. BMCIX - Drawdown Comparison

The maximum JHBIX drawdown since its inception was -19.90%, smaller than the maximum BMCIX drawdown of -72.64%. Use the drawdown chart below to compare losses from any high point for JHBIX and BMCIX.

Drawdown Indicators

	JHBIX	BMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-72.64%	+52.74%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-9.51%	+6.34%
Max Drawdown (3Y) Largest decline over 3 years	-6.62%	-13.69%	+7.07%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-18.63%	-1.27%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	-38.24%	+18.34%
Current Drawdown Current decline from peak	-1.35%	-0.44%	-0.91%
Average Drawdown Average peak-to-trough decline	-2.73%	-18.80%	+16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	2.23%	-1.14%

Volatility

JHBIX vs. BMCIX - Volatility Comparison

The current volatility for John Hancock Bond Fund Class I (JHBIX) is 1.24%, while BlackRock High Equity Income Fund (BMCIX) has a volatility of 3.71%. This indicates that JHBIX experiences smaller price fluctuations and is considered to be less risky than BMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBIX	BMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	3.71%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	8.83%	-5.81%
Volatility (1Y) Calculated over the trailing 1-year period	3.94%	11.13%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	13.47%	-7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	15.77%	-10.81%

JHBIX vs. BMCIX - Expense Ratio Comparison

JHBIX has a 0.46% expense ratio, which is lower than BMCIX's 0.85% expense ratio.

Dividends

JHBIX vs. BMCIX - Dividend Comparison

JHBIX's dividend yield for the trailing twelve months is around 4.61%, less than BMCIX's 7.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMCIX BlackRock High Equity Income Fund	7.60%	7.86%	7.66%	6.75%	6.60%	6.58%	4.50%	3.95%	9.41%	50.24%	5.51%	8.16%
JHBIX John Hancock Bond Fund Class I	4.61%	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 BMCIX in my portfolio?

JHBIX and BMCIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHBIX or BMCIX?

BMCIX has higher volatility (3.71%) compared to JHBIX (1.24%). In terms of maximum drawdown, JHBIX dropped -19.90% vs BMCIX's -72.64%.

Which has better risk-adjusted returns?

BMCIX currently has the higher Sharpe Ratio (2.07 vs 1.39), 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.