JHBSX vs. BCPIX
JHBSX (John Hancock Bond Fund Class R6) and BCPIX (Brandes Core Plus Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, JHBSX returned 2.09%/yr vs 1.54%/yr for BCPIX. Their correlation of 0.89 means they have usually moved in the same direction. JHBSX charges 0.35%/yr vs 0.30%/yr for BCPIX.
Performance
JHBSX vs. BCPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JHBSX having a -0.54% return and BCPIX slightly higher at -0.53%. Over the past 10 years, JHBSX has outperformed BCPIX with an annualized return of 2.09%, while BCPIX has yielded a comparatively lower 1.54% annualized return.
JHBSX
- 1D
- 0.08%
- 1M
- -1.33%
- 6M
- -0.91%
- YTD
- -0.54%
- 1Y
- 2.33%
- 3Y*
- 3.87%
- 5Y*
- -0.59%
- 10Y*
- 2.09%
- ALL TIME*
- 3.09%
BCPIX
- 1D
- 0.12%
- 1M
- -1.08%
- 6M
- -0.57%
- YTD
- -0.53%
- 1Y
- 1.72%
- 3Y*
- 3.82%
- 5Y*
- 0.37%
- 10Y*
- 1.54%
- ALL TIME*
- 1.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JHBSX vs. BCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHBSX John Hancock Bond Fund Class R6 | -0.54% | 7.79% | 2.10% | 5.10% | -14.95% | -0.31% | 10.74% | 10.52% | -0.73% | 5.38% |
BCPIX Brandes Core Plus Fixed Income Fund | -0.53% | 6.71% | 1.98% | 6.70% | -10.78% | -0.34% | 5.77% | 6.65% | -0.45% | 2.74% |
Correlation
The correlation between JHBSX and BCPIX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2011 | 0.89 |
The correlation between JHBSX and BCPIX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
JHBSX vs. BCPIX — Risk / Return Rank
JHBSX
BCPIX
JHBSX vs. BCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class R6 (JHBSX) and Brandes Core Plus Fixed Income Fund (BCPIX). 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.
| JHBSX | BCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.08 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.87 | 2.96 | -0.09 |
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Drawdowns
JHBSX vs. BCPIX - Drawdown Comparison
The maximum JHBSX drawdown since its inception was -19.78%, smaller than the maximum BCPIX drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for JHBSX and BCPIX.
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Drawdown Indicators
| JHBSX | BCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -22.43% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -2.63% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.38% | -4.70% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -15.19% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.78% | -15.19% | -4.59% |
Current DrawdownCurrent decline from peak | -3.15% | -1.74% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -4.23% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.95% | +0.29% |
Volatility
JHBSX vs. BCPIX - Volatility Comparison
John Hancock Bond Fund Class R6 (JHBSX) and Brandes Core Plus Fixed Income Fund (BCPIX) have volatilities of 0.97% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHBSX | BCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.95% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 2.79% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.50% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 5.11% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 4.18% | +0.79% |
JHBSX vs. BCPIX - Expense Ratio Comparison
JHBSX has a 0.35% expense ratio, which is higher than BCPIX's 0.30% expense ratio.
Dividends
JHBSX vs. BCPIX - Dividend Comparison
JHBSX's dividend yield for the trailing twelve months is around 4.41%, more than BCPIX's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 3.94% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
JHBSX John Hancock Bond Fund Class R6 | 4.41% | 4.65% | 4.20% | 2.78% | 3.31% | 3.67% | 5.89% | 4.15% | 3.93% | 3.65% | 3.62% | 3.92% |
Frequently Asked Questions
With a correlation of 0.94, JHBSX and BCPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JHBSX has higher volatility (0.97%) compared to BCPIX (0.95%). In terms of maximum drawdown, JHBSX dropped -19.78% vs BCPIX's -22.43%.
JHBSX currently has the higher Sharpe Ratio (0.90 vs 0.81), 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.
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