JHBIX vs. NTBIX

Last updated Jun 24, 2026

JHBIX (John Hancock Bond Fund Class I) and NTBIX (Navigator Tactical Fixed Income Fund) are both mutual funds - JHBIX is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while NTBIX is a Nontraditional Bonds fund managed by Navigator Funds. Over the past 10 years, JHBIX returned 2.46%/yr vs 4.41%/yr for NTBIX. At a 0.34 correlation, their price movements are largely independent. JHBIX charges 0.46%/yr vs 0.95%/yr for NTBIX.

Performance

JHBIX vs. NTBIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JHBIX achieves a 0.30% return, which is significantly lower than NTBIX's 1.48% return. Over the past 10 years, JHBIX has underperformed NTBIX with an annualized return of 2.46%, while NTBIX has yielded a comparatively higher 4.41% annualized return.

JHBIX

• 1D: -0.30%
• 1M: 0.75%
• YTD: 0.30%
• 6M: 0.83%
• 1Y: 4.92%
• 3Y*: 4.67%
• 5Y*: 0.18%
• 10Y*: 2.46%

NTBIX

• 1D: -0.10%
• 1M: 0.31%
• YTD: 1.48%
• 6M: 1.59%
• 1Y: 5.88%
• 3Y*: 5.84%
• 5Y*: 2.87%
• 10Y*: 4.41%

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

JHBIX vs. NTBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHBIX John Hancock Bond Fund Class I	0.30%	7.68%	2.28%	6.57%	-14.99%	-0.41%	10.56%	10.48%	-0.86%	5.26%
NTBIX Navigator Tactical Fixed Income Fund	1.48%	2.98%	7.67%	10.57%	-8.71%	4.28%	8.96%	7.82%	0.15%	3.29%

Correlation

The correlation between JHBIX and NTBIX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.34

Over the past year, JHBIX and NTBIX have become more correlated (0.61) than their long-term average of 0.34, meaning their price movements have been converging.

Return for Risk

JHBIX vs. NTBIX — Risk / Return Rank

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

JHBIX

JHBIX Risk / Return Rank: 24
JHBIX Sharpe Ratio Rank: 25
JHBIX Sortino Ratio Rank: 26
JHBIX Omega Ratio Rank: 24
JHBIX Calmar Ratio Rank: 23
JHBIX Martin Ratio Rank: 20

NTBIX

NTBIX Risk / Return Rank: 75
NTBIX Sharpe Ratio Rank: 66
NTBIX Sortino Ratio Rank: 78
NTBIX Omega Ratio Rank: 80
NTBIX Calmar Ratio Rank: 68
NTBIX Martin Ratio Rank: 83

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. NTBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class I (JHBIX) and Navigator Tactical Fixed Income Fund (NTBIX). 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	NTBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.19	-0.88
Sortino ratio: Return per unit of downside risk	1.96	3.41	-1.44
Omega ratio: Gain probability vs. loss probability	1.23	1.48	-0.24
Calmar ratio: Return relative to maximum drawdown	1.63	3.03	-1.40
Martin ratio: Return relative to average drawdown	4.70	14.34	-9.64

JHBIX vs. NTBIX - Sharpe Ratio Comparison

The current JHBIX Sharpe Ratio is 1.31, which is lower than the NTBIX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of JHBIX and NTBIX, 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. NTBIX - Drawdown Comparison

The maximum JHBIX drawdown since its inception was -19.90%, which is greater than NTBIX's maximum drawdown of -11.44%. Use the drawdown chart below to compare losses from any high point for JHBIX and NTBIX.

Drawdown Indicators

	JHBIX	NTBIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	-11.44%	-8.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-2.06%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-6.62%	-5.39%	-1.23%
Max Drawdown (5Y) Largest decline over 5 years	-19.90%	-11.44%	-8.46%
Max Drawdown (10Y) Largest decline over 10 years	-19.90%	-11.44%	-8.46%
Current Drawdown Current decline from peak	-1.65%	-0.31%	-1.34%
Average Drawdown Average peak-to-trough decline	-2.73%	-1.76%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	0.43%	+0.67%

Volatility

JHBIX vs. NTBIX - Volatility Comparison

John Hancock Bond Fund Class I (JHBIX) has a higher volatility of 1.17% compared to Navigator Tactical Fixed Income Fund (NTBIX) at 0.94%. This indicates that JHBIX's price experiences larger fluctuations and is considered to be riskier than NTBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBIX	NTBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.94%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	2.31%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	2.85%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	4.76%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	5.06%	-0.10%

JHBIX vs. NTBIX - Expense Ratio Comparison

JHBIX has a 0.46% expense ratio, which is lower than NTBIX's 0.95% expense ratio.

Dividends

JHBIX vs. NTBIX - Dividend Comparison

JHBIX's dividend yield for the trailing twelve months is around 4.62%, more than NTBIX's 4.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NTBIX Navigator Tactical Fixed Income Fund	4.54%	5.02%	6.33%	5.49%	2.37%	6.72%	5.68%	2.36%	3.01%	4.35%	6.20%	2.61%

Frequently Asked Questions

Can I hold both JHBIX and NTBIX in my portfolio?

JHBIX and NTBIX have a correlation of 0.61, 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 NTBIX?

JHBIX has higher volatility (1.17%) compared to NTBIX (0.94%). In terms of maximum drawdown, JHBIX dropped -19.90% vs NTBIX's -11.44%.

Which has better risk-adjusted returns?

NTBIX currently has the higher Sharpe Ratio (2.19 vs 1.31), 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.