JHBSX vs. GUGAX
JHBSX (John Hancock Bond Fund Class R6) and GUGAX (GMO Multi-Sector Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, JHBSX returned 2.42%/yr vs 1.51%/yr for GUGAX. A 0.79 correlation means they provide meaningful diversification when combined. JHBSX charges 0.35%/yr vs 0.45%/yr for GUGAX.
Performance
JHBSX vs. GUGAX - Performance Comparison
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Returns By Period
In the year-to-date period, JHBSX achieves a 0.57% return, which is significantly lower than GUGAX's 0.96% return. Over the past 10 years, JHBSX has outperformed GUGAX with an annualized return of 2.42%, while GUGAX has yielded a comparatively lower 1.51% annualized return.
JHBSX
- 1D
- 0.22%
- 1M
- 0.98%
- YTD
- 0.57%
- 6M
- 1.11%
- 1Y
- 5.57%
- 3Y*
- 4.33%
- 5Y*
- -0.09%
- 10Y*
- 2.42%
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.13%
- 1Y
- 5.13%
- 3Y*
- 4.30%
- 5Y*
- -0.52%
- 10Y*
- 1.51%
JHBSX vs. GUGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHBSX John Hancock Bond Fund Class R6 | 0.57% | 7.79% | 2.10% | 5.10% | -14.95% | -0.31% | 10.74% | 10.52% | -0.73% | 5.38% |
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.13% | 4.44% |
Correlation
The correlation between JHBSX and GUGAX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2011 | 0.79 |
The correlation between JHBSX and GUGAX shifts across timeframes, from 0.63 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHBSX vs. GUGAX — Risk / Return Rank
JHBSX
GUGAX
JHBSX vs. GUGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class R6 (JHBSX) and GMO Multi-Sector Fixed Income Fund (GUGAX). 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 | GUGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 4.82 | -3.09 |
| Martin ratioReturn relative to average drawdown | 5.03 | 14.23 | -9.20 |
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Drawdowns
JHBSX vs. GUGAX - Drawdown Comparison
The maximum JHBSX drawdown since its inception was -19.78%, smaller than the maximum GUGAX drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for JHBSX and GUGAX.
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Drawdown Indicators
| JHBSX | GUGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -38.57% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -1.16% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -6.12% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -20.53% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -19.78% | -23.06% | +3.28% |
Current DrawdownCurrent decline from peak | -2.07% | -6.72% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -11.26% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.39% | +0.72% |
Volatility
JHBSX vs. GUGAX - Volatility Comparison
John Hancock Bond Fund Class R6 (JHBSX) has a higher volatility of 1.27% compared to GMO Multi-Sector Fixed Income Fund (GUGAX) at 0.00%. This indicates that JHBSX's price experiences larger fluctuations and is considered to be riskier than GUGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHBSX | GUGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.00% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 1.30% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 2.80% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.57% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 5.42% | -0.45% |
JHBSX vs. GUGAX - Expense Ratio Comparison
JHBSX has a 0.35% expense ratio, which is lower than GUGAX's 0.45% expense ratio.
Dividends
JHBSX vs. GUGAX - Dividend Comparison
JHBSX's dividend yield for the trailing twelve months is around 4.72%, more than GUGAX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
JHBSX John Hancock Bond Fund Class R6 | 4.72% | 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
JHBSX and GUGAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHBSX has higher volatility (1.27%) compared to GUGAX (0.00%). In terms of maximum drawdown, JHBSX dropped -19.78% vs GUGAX's -38.57%.
GUGAX currently has the higher Sharpe Ratio (2.00 vs 1.38), 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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