JHBSX vs. SMTRX

Last updated Jul 4, 2026

JHBSX (John Hancock Bond Fund Class R6) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.88 suggests significant overlap in exposure. JHBSX charges 0.35%/yr vs 0.99%/yr for SMTRX.

Performance

JHBSX vs. SMTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Bond Fund Class R6 (JHBSX) and ALPS/Smith Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JHBSX

• 1D: 0.07%
• 1M: 0.38%
• 6M: 0.88%
• YTD: 0.80%
• 1Y: 4.72%
• 3Y*: 4.47%
• 5Y*: -0.11%
• 10Y*: 2.32%

SMTRX

• 1D: 0.10%
• 1M: 0.24%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHBSX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
JHBSX John Hancock Bond Fund Class R6	0.84%
SMTRX ALPS/Smith Total Return Bond Fund	0.24%

Correlation

The correlation between JHBSX and SMTRX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.88

Return for Risk

JHBSX vs. SMTRX — Risk / Return Rank

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

JHBSX

JHBSX Risk / Return Rank: 24
JHBSX Sharpe Ratio Rank: 25
JHBSX Sortino Ratio Rank: 26
JHBSX Omega Ratio Rank: 24
JHBSX Calmar Ratio Rank: 23
JHBSX Martin Ratio Rank: 21

SMTRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

JHBSX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund Class R6 (JHBSX) and ALPS/Smith Total Return Bond Fund (SMTRX). 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	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.37	—	—
Martin ratio: Return relative to average drawdown	3.95	—	—

Drawdowns

JHBSX vs. SMTRX - Drawdown Comparison

The maximum JHBSX drawdown since its inception was -19.78%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for JHBSX and SMTRX.

Drawdown Indicators

	JHBSX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-19.78%	-0.62%	-19.16%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.78%	—	—
Current Drawdown Current decline from peak	-1.84%	-0.52%	-1.32%
Average Drawdown Average peak-to-trough decline	-3.67%	-0.20%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	—	—

Volatility

Volatility by Period

	JHBSX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	3.79%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	3.79%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.97%	3.79%	+1.18%

JHBSX vs. SMTRX - Expense Ratio Comparison

JHBSX has a 0.35% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

JHBSX vs. SMTRX - Dividend Comparison

JHBSX's dividend yield for the trailing twelve months is around 4.73%, more than SMTRX's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHBSX John Hancock Bond Fund Class R6	4.73%	4.65%	4.20%	2.78%	3.31%	3.67%	5.89%	4.15%	3.93%	3.65%	3.62%	3.92%
SMTRX ALPS/Smith Total Return Bond Fund	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHBSX and SMTRX in my portfolio?

JHBSX and SMTRX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.