JHBPX vs. BRUFX

Last updated Jul 4, 2026

JHBPX (John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 5 years, JHBPX returned 5.32%/yr vs 5.92%/yr for BRUFX. A 0.67 correlation means they provide meaningful diversification when combined. JHBPX charges 0.12%/yr vs 0.68%/yr for BRUFX.

Performance

JHBPX vs. BRUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio (JHBPX) and Bruce Fund (BRUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHBPX achieves a 5.90% return, which is significantly lower than BRUFX's 15.92% return.

JHBPX

• 1D: 0.00%
• 1M: -0.14%
• 6M: 5.59%
• YTD: 5.90%
• 1Y: 12.39%
• 3Y*: 11.23%
• 5Y*: 5.32%
• 10Y*: —

BRUFX

• 1D: 1.06%
• 1M: 6.03%
• 6M: 15.33%
• YTD: 15.92%
• 1Y: 26.79%
• 3Y*: 12.61%
• 5Y*: 5.92%
• 10Y*: 7.73%

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

JHBPX vs. BRUFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHBPX John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio	5.90%	13.85%	8.51%	13.81%	-15.34%	9.45%	12.65%	17.73%	-4.36%	7.38%
BRUFX Bruce Fund	15.92%	14.89%	4.45%	-0.74%	-8.80%	17.35%	12.06%	22.42%	-3.99%	11.13%

Correlation

The correlation between JHBPX and BRUFX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.67

The correlation between JHBPX and BRUFX shifts across timeframes, from 0.49 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JHBPX vs. BRUFX — Risk / Return Rank

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

JHBPX

JHBPX Risk / Return Rank: 60
JHBPX Sharpe Ratio Rank: 58
JHBPX Sortino Ratio Rank: 60
JHBPX Omega Ratio Rank: 60
JHBPX Calmar Ratio Rank: 59
JHBPX Martin Ratio Rank: 65

BRUFX

BRUFX Risk / Return Rank: 89
BRUFX Sharpe Ratio Rank: 91
BRUFX Sortino Ratio Rank: 88
BRUFX Omega Ratio Rank: 84
BRUFX Calmar Ratio Rank: 88
BRUFX Martin Ratio Rank: 93

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.

JHBPX vs. BRUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio (JHBPX) and Bruce Fund (BRUFX). 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.

	JHBPX	BRUFX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.52	-0.81
Sortino ratio: Return per unit of downside risk	2.45	3.58	-1.13
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	2.37	3.56	-1.19
Martin ratio: Return relative to average drawdown	9.81	15.74	-5.94

JHBPX vs. BRUFX - Sharpe Ratio Comparison

The current JHBPX Sharpe Ratio is 1.71, which is lower than the BRUFX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of JHBPX and BRUFX, 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

JHBPX vs. BRUFX - Drawdown Comparison

The maximum JHBPX drawdown since its inception was -21.28%, smaller than the maximum BRUFX drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for JHBPX and BRUFX.

Drawdown Indicators

	JHBPX	BRUFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-44.50%	+23.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-7.67%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-8.63%	-9.66%	+1.03%
Max Drawdown (5Y) Largest decline over 5 years	-21.28%	-17.91%	-3.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.44%	—
Current Drawdown Current decline from peak	-0.62%	-0.35%	-0.27%
Average Drawdown Average peak-to-trough decline	-3.70%	-9.05%	+5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	1.73%	-0.36%

Volatility

JHBPX vs. BRUFX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio (JHBPX) is 3.35%, while Bruce Fund (BRUFX) has a volatility of 3.56%. This indicates that JHBPX experiences smaller price fluctuations and is considered to be less risky than BRUFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBPX	BRUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.56%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	6.65%	8.50%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	8.20%	10.80%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	10.58%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	11.64%	-2.17%

JHBPX vs. BRUFX - Expense Ratio Comparison

JHBPX has a 0.12% expense ratio, which is lower than BRUFX's 0.68% expense ratio.

Dividends

JHBPX vs. BRUFX - Dividend Comparison

JHBPX's dividend yield for the trailing twelve months is around 7.79%, more than BRUFX's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRUFX Bruce Fund	5.48%	6.35%	5.01%	6.46%	13.31%	9.25%	5.83%	2.03%	2.49%	4.11%	6.26%	4.63%
JHBPX John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio	7.79%	8.25%	5.14%	11.77%	12.74%	6.85%	5.76%	4.83%	4.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHBPX and BRUFX in my portfolio?

JHBPX and BRUFX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHBPX or BRUFX?

BRUFX has higher volatility (3.56%) compared to JHBPX (3.35%). In terms of maximum drawdown, JHBPX dropped -21.28% vs BRUFX's -44.50%.

Which has better risk-adjusted returns?

BRUFX currently has the higher Sharpe Ratio (2.52 vs 1.71), 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.