JHBIX vs. BXMIX

Last updated Jun 25, 2026

JHBIX (John Hancock Bond Fund Class I) and BXMIX (Blackstone Alternative Multi-Strategy Fund) are both mutual funds - JHBIX is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while BXMIX is a Multistrategy fund managed by Blackstone. Over the past 10 years, JHBIX returned 2.47%/yr vs 4.40%/yr for BXMIX. At a 0.10 correlation, their price movements are largely independent. JHBIX charges 0.46%/yr vs 2.33%/yr for BXMIX.

Performance

JHBIX vs. BXMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Bond Fund Class I (JHBIX) and Blackstone Alternative Multi-Strategy Fund (BXMIX). 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 BXMIX's 4.19% return. Over the past 10 years, JHBIX has underperformed BXMIX with an annualized return of 2.47%, while BXMIX has yielded a comparatively higher 4.40% 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%

BXMIX

• 1D: -0.26%
• 1M: 1.15%
• YTD: 4.19%
• 6M: 4.29%
• 1Y: 12.66%
• 3Y*: 9.49%
• 5Y*: 4.81%
• 10Y*: 4.40%

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

JHBIX vs. BXMIX - 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%
BXMIX Blackstone Alternative Multi-Strategy Fund	4.19%	10.45%	7.45%	7.92%	-4.62%	5.27%	-1.10%	6.78%	-1.51%	7.20%

Correlation

The correlation between JHBIX and BXMIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.10

Return for Risk

JHBIX vs. BXMIX — 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

BXMIX

BXMIX Risk / Return Rank: 99
BXMIX Sharpe Ratio Rank: 99
BXMIX Sortino Ratio Rank: 99
BXMIX Omega Ratio Rank: 98
BXMIX Calmar Ratio Rank: 99
BXMIX Martin Ratio Rank: 99

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. BXMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class I (JHBIX) and Blackstone Alternative Multi-Strategy Fund (BXMIX). 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	BXMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	4.64	-3.37
Sortino ratio: Return per unit of downside risk	1.91	7.73	-5.82
Omega ratio: Gain probability vs. loss probability	1.23	2.01	-0.79
Calmar ratio: Return relative to maximum drawdown	1.58	10.43	-8.85
Martin ratio: Return relative to average drawdown	4.53	41.50	-36.96

JHBIX vs. BXMIX - Sharpe Ratio Comparison

The current JHBIX Sharpe Ratio is 1.27, which is lower than the BXMIX Sharpe Ratio of 4.64. The chart below compares the historical Sharpe Ratios of JHBIX and BXMIX, 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. BXMIX - Drawdown Comparison

The maximum JHBIX drawdown since its inception was -19.90%, roughly equal to the maximum BXMIX drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for JHBIX and BXMIX.

Drawdown Indicators

	JHBIX	BXMIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-19.28%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-1.53%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	-6.62%	-8.47%	+1.85%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-8.56%	-11.34%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	-19.28%	-0.62%
Current Drawdown Current decline from peak	-1.57%	-0.26%	-1.31%
Average Drawdown Average peak-to-trough decline	-2.73%	-2.50%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	0.37%	+0.73%

Volatility

JHBIX vs. BXMIX - Volatility Comparison

The current volatility for John Hancock Bond Fund Class I (JHBIX) is 1.17%, while Blackstone Alternative Multi-Strategy Fund (BXMIX) has a volatility of 1.46%. This indicates that JHBIX experiences smaller price fluctuations and is considered to be less risky than BXMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBIX	BXMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.46%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	2.68%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	3.45%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	6.02%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	5.26%	-0.30%

JHBIX vs. BXMIX - Expense Ratio Comparison

JHBIX has a 0.46% expense ratio, which is lower than BXMIX's 2.33% expense ratio.

Dividends

JHBIX vs. BXMIX - Dividend Comparison

JHBIX's dividend yield for the trailing twelve months is around 4.62%, less than BXMIX's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BXMIX Blackstone Alternative Multi-Strategy Fund	7.44%	7.75%	5.75%	3.48%	0.00%	1.68%	3.12%	3.67%	1.91%	2.00%	0.45%	2.52%
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 BXMIX in my portfolio?

JHBIX and BXMIX have a correlation of 0.18, 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 BXMIX?

BXMIX has higher volatility (1.46%) compared to JHBIX (1.17%). In terms of maximum drawdown, JHBIX dropped -19.90% vs BXMIX's -19.28%.

Which has better risk-adjusted returns?

BXMIX currently has the higher Sharpe Ratio (4.64 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.