JHFIX vs. BRW
JHFIX (John Hancock Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, JHFIX returned 0.71%/yr vs 6.48%/yr for BRW. At a 0.22 correlation, their price movements are largely independent. JHFIX charges 0.80%/yr vs 1.71%/yr for BRW.
Performance
JHFIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, JHFIX achieves a 0.39% return, which is significantly lower than BRW's 1.14% return.
JHFIX
- 1D
- -0.17%
- 1M
- 0.35%
- YTD
- 0.39%
- 6M
- 0.58%
- 1Y
- 3.95%
- 3Y*
- 4.19%
- 5Y*
- 0.71%
- 10Y*
- 2.14%
BRW
- 1D
- 1.39%
- 1M
- -1.43%
- YTD
- 1.14%
- 6M
- 2.01%
- 1Y
- -3.62%
- 3Y*
- 9.44%
- 5Y*
- 6.48%
- 10Y*
- —
JHFIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHFIX John Hancock Income Fund | 0.39% | 6.83% | 2.11% | 6.14% | -10.83% | 0.19% |
BRW Saba Capital Income & Opportunities Fund | 1.14% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between JHFIX and BRW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.22 |
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Return for Risk
JHFIX vs. BRW — Risk / Return Rank
JHFIX
BRW
JHFIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Income Fund (JHFIX) and Saba Capital Income & Opportunities Fund (BRW). 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.
| JHFIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.96 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.21 | +1.58 |
| Martin ratioReturn relative to average drawdown | 4.27 | -0.36 | +4.63 |
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Drawdowns
JHFIX vs. BRW - Drawdown Comparison
The maximum JHFIX drawdown since its inception was -29.41%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for JHFIX and BRW.
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Drawdown Indicators
| JHFIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.41% | -17.74% | -11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -17.74% | +14.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -17.74% | +12.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.46% | -17.74% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -15.46% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -10.88% | +9.26% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -4.00% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 10.19% | -9.18% |
Volatility
JHFIX vs. BRW - Volatility Comparison
The current volatility for John Hancock Income Fund (JHFIX) is 0.98%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.44%. This indicates that JHFIX experiences smaller price fluctuations and is considered to be less risky than BRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHFIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 4.44% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 8.23% | -5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 13.40% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 12.94% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.07% | 12.90% | -8.83% |
JHFIX vs. BRW - Expense Ratio Comparison
JHFIX has a 0.80% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
JHFIX vs. BRW - Dividend Comparison
JHFIX's dividend yield for the trailing twelve months is around 4.25%, less than BRW's 15.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.49% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JHFIX John Hancock Income Fund | 4.25% | 4.19% | 3.29% | 2.46% | 2.86% | 3.03% | 2.37% | 2.76% | 3.29% | 3.00% | 2.89% | 3.46% |
Frequently Asked Questions
JHFIX and BRW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.44%) compared to JHFIX (0.98%). In terms of maximum drawdown, JHFIX dropped -29.41% vs BRW's -17.74%.
JHFIX currently has the higher Sharpe Ratio (1.40 vs -0.27), 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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