JHBPX vs. VTMFX

Last updated Aug 1, 2026

JHBPX (John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 5 years, JHBPX returned 4.99%/yr vs 6.40%/yr for VTMFX. Their correlation of 0.89 means they have usually moved in the same direction. JHBPX charges 0.12%/yr vs 0.05%/yr for VTMFX.

Performance

JHBPX vs. VTMFX - 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 Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHBPX achieves a 4.95% return, which is significantly higher than VTMFX's 4.40% return.

JHBPX

• 1D: 0.98%
• 1M: -0.89%
• 6M: 3.22%
• YTD: 4.95%
• 1Y: 11.55%
• 3Y*: 10.27%
• 5Y*: 4.99%
• 10Y*: —
• ALL TIME*: 6.77%

VTMFX

• 1D: 0.71%
• 1M: -1.15%
• 6M: 3.25%
• YTD: 4.40%
• 1Y: 11.79%
• 3Y*: 10.68%
• 5Y*: 6.40%
• 10Y*: 8.27%
• ALL TIME*: 7.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHBPX John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio	$0.00	$0.00	$0.00
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	$0.00	$0.00	$0.00

JHBPX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHBPX John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio	4.95%	13.85%	8.51%	13.81%	-15.34%	9.45%	12.65%	17.73%	-4.36%	7.38%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	4.40%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	11.21%

Correlation

The correlation between JHBPX and VTMFX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.89

The correlation between JHBPX and VTMFX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

JHBPX vs. VTMFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JHBPX

JHBPX Risk / Return Rank: 57
JHBPX Sharpe Ratio Rank: 55
JHBPX Sortino Ratio Rank: 56
JHBPX Omega Ratio Rank: 55
JHBPX Calmar Ratio Rank: 57
JHBPX Martin Ratio Rank: 64

VTMFX

VTMFX Risk / Return Rank: 72
VTMFX Sharpe Ratio Rank: 74
VTMFX Sortino Ratio Rank: 71
VTMFX Omega Ratio Rank: 72
VTMFX Calmar Ratio Rank: 64
VTMFX Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JHBPX vs. VTMFX - 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 Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.66	-0.18
Sortino ratio: Return per unit of downside risk	2.15	2.34	-0.19
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.09	2.06	+0.03
Martin ratio: Return relative to average drawdown	8.44	9.19	-0.75

JHBPX vs. VTMFX - Sharpe Ratio Comparison

The current JHBPX Sharpe Ratio is 1.48, which is comparable to the VTMFX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of JHBPX and VTMFX, 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. VTMFX - Drawdown Comparison

The maximum JHBPX drawdown since its inception was -21.28%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for JHBPX and VTMFX.

Drawdown Indicators

	JHBPX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-28.49%	+7.21%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-5.38%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-8.63%	-10.61%	+1.98%
Max Drawdown (5Y) Largest decline over 5 years	-21.28%	-17.40%	-3.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.87%	—
Current Drawdown Current decline from peak	-1.50%	-1.54%	+0.04%
Average Drawdown Average peak-to-trough decline	-3.68%	-3.54%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	1.20%	+0.21%

Volatility

JHBPX vs. VTMFX - Volatility Comparison

John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio (JHBPX) has a higher volatility of 2.25% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 1.85%. This indicates that JHBPX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHBPX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	1.85%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	5.35%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	8.35%	6.67%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.61%	8.59%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.46%	9.14%	+0.32%

JHBPX vs. VTMFX - Expense Ratio Comparison

JHBPX has a 0.12% expense ratio, which is higher than VTMFX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JHBPX vs. VTMFX - Dividend Comparison

JHBPX's dividend yield for the trailing twelve months is around 7.86%, more than VTMFX's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHBPX John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio	7.86%	8.25%	5.14%	11.77%	12.74%	6.85%	5.76%	4.83%	4.20%	0.00%	0.00%	0.00%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.22%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both JHBPX and VTMFX in my portfolio?

JHBPX and VTMFX have a correlation of 0.86, 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 VTMFX?

JHBPX has higher volatility (2.25%) compared to VTMFX (1.85%). In terms of maximum drawdown, JHBPX dropped -21.28% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

VTMFX currently has the higher Sharpe Ratio (1.66 vs 1.48), 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.