JHBIX vs. BSIIX

Last updated Jun 25, 2026

JHBIX (John Hancock Bond Fund Class I) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - JHBIX is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 10 years, JHBIX returned 2.47%/yr vs 3.84%/yr for BSIIX. A 0.60 correlation means they provide meaningful diversification when combined. JHBIX charges 0.46%/yr vs 0.69%/yr for BSIIX.

Performance

JHBIX vs. BSIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Bond Fund Class I (JHBIX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). 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 lower than BSIIX's 1.79% return. Over the past 10 years, JHBIX has underperformed BSIIX with an annualized return of 2.47%, while BSIIX has yielded a comparatively higher 3.84% 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%

BSIIX

• 1D: 0.00%
• 1M: 0.82%
• YTD: 1.79%
• 6M: 2.22%
• 1Y: 6.28%
• 3Y*: 6.76%
• 5Y*: 2.95%
• 10Y*: 3.84%

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

JHBIX vs. BSIIX - 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%
BSIIX BlackRock Strategic Income Opportunities Fund Class I	1.79%	8.59%	5.22%	6.18%	-6.14%	0.80%	7.22%	7.65%	-0.42%	4.89%

Correlation

The correlation between JHBIX and BSIIX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008	0.60

Over the past year, JHBIX and BSIIX have become more correlated (0.81) than their long-term average of 0.60, meaning their price movements have been converging.

Return for Risk

JHBIX vs. BSIIX — 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

BSIIX

BSIIX Risk / Return Rank: 64
BSIIX Sharpe Ratio Rank: 70
BSIIX Sortino Ratio Rank: 82
BSIIX Omega Ratio Rank: 79
BSIIX Calmar Ratio Rank: 42
BSIIX Martin Ratio Rank: 46

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. BSIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class I (JHBIX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). 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	BSIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.24	-0.97
Sortino ratio: Return per unit of downside risk	1.91	3.54	-1.63
Omega ratio: Gain probability vs. loss probability	1.23	1.47	-0.24
Calmar ratio: Return relative to maximum drawdown	1.58	2.34	-0.76
Martin ratio: Return relative to average drawdown	4.53	9.03	-4.49

JHBIX vs. BSIIX - Sharpe Ratio Comparison

The current JHBIX Sharpe Ratio is 1.27, which is lower than the BSIIX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of JHBIX and BSIIX, 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. BSIIX - Drawdown Comparison

The maximum JHBIX drawdown since its inception was -19.90%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for JHBIX and BSIIX.

Drawdown Indicators

	JHBIX	BSIIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-18.76%	-1.14%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-2.84%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-6.62%	-2.84%	-3.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-9.13%	-10.77%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	-9.91%	-9.99%
Current Drawdown Current decline from peak	-1.57%	-0.51%	-1.06%
Average Drawdown Average peak-to-trough decline	-2.73%	-1.80%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	0.73%	+0.37%

Volatility

JHBIX vs. BSIIX - Volatility Comparison

John Hancock Bond Fund Class I (JHBIX) has a higher volatility of 1.17% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.92%. This indicates that JHBIX's price experiences larger fluctuations and is considered to be riskier than BSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBIX	BSIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.92%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	2.37%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	2.97%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	3.65%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	3.15%	+1.81%

JHBIX vs. BSIIX - Expense Ratio Comparison

JHBIX has a 0.46% expense ratio, which is lower than BSIIX's 0.69% expense ratio.

Dividends

JHBIX vs. BSIIX - Dividend Comparison

JHBIX's dividend yield for the trailing twelve months is around 4.62%, less than BSIIX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSIIX BlackRock Strategic Income Opportunities Fund Class I	5.16%	5.07%	4.75%	3.33%	3.58%	2.98%	2.92%	3.54%	3.32%	3.45%	2.91%	3.19%
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 BSIIX in my portfolio?

JHBIX and BSIIX have a correlation of 0.81, 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 BSIIX?

JHBIX has higher volatility (1.17%) compared to BSIIX (0.92%). In terms of maximum drawdown, JHBIX dropped -19.90% vs BSIIX's -18.76%.

Which has better risk-adjusted returns?

BSIIX currently has the higher Sharpe Ratio (2.24 vs 1.27), 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.