JHHBX vs. SCFIX
JHHBX (John Hancock High Yield Fund) and SCFIX (Shenkman Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 10 years, JHHBX returned 4.44%/yr vs 4.40%/yr for SCFIX. A 0.65 correlation means they provide meaningful diversification when combined. JHHBX charges 0.90%/yr vs 0.67%/yr for SCFIX.
Performance
JHHBX vs. SCFIX - Performance Comparison
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Returns By Period
In the year-to-date period, JHHBX achieves a 1.50% return, which is significantly lower than SCFIX's 1.63% return. Both investments have delivered pretty close results over the past 10 years, with JHHBX having a 4.44% annualized return and SCFIX not far behind at 4.40%.
JHHBX
- 1D
- 0.00%
- 1M
- 0.59%
- YTD
- 1.50%
- 6M
- 2.04%
- 1Y
- 6.03%
- 3Y*
- 6.46%
- 5Y*
- 2.50%
- 10Y*
- 4.44%
SCFIX
- 1D
- 0.10%
- 1M
- 0.55%
- YTD
- 1.63%
- 6M
- 1.92%
- 1Y
- 5.23%
- 3Y*
- 6.57%
- 5Y*
- 4.49%
- 10Y*
- 4.40%
JHHBX vs. SCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHHBX John Hancock High Yield Fund | 1.50% | 7.21% | 5.45% | 10.85% | -12.64% | 4.71% | 4.62% | 13.46% | -3.38% | 6.81% |
SCFIX Shenkman Capital Short Duration High Income Fund | 1.63% | 7.02% | 6.11% | 9.24% | -2.52% | 5.08% | 3.36% | 7.61% | 0.85% | 3.54% |
Correlation
The correlation between JHHBX and SCFIX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.65 |
The correlation between JHHBX and SCFIX shifts across timeframes, from 0.60 (3 years) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHHBX vs. SCFIX — Risk / Return Rank
JHHBX
SCFIX
JHHBX vs. SCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield Fund (JHHBX) and Shenkman Capital Short Duration High Income Fund (SCFIX). 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.
| JHHBX | SCFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.80 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.81 | -2.46 |
| Martin ratioReturn relative to average drawdown | 11.51 | 25.80 | -14.29 |
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Drawdowns
JHHBX vs. SCFIX - Drawdown Comparison
The maximum JHHBX drawdown since its inception was -58.87%, which is greater than SCFIX's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for JHHBX and SCFIX.
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Drawdown Indicators
| JHHBX | SCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.87% | -13.08% | -45.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -1.11% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.73% | -1.72% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -6.30% | -9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -23.01% | -13.08% | -9.93% |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -0.51% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.21% | +0.35% |
Volatility
JHHBX vs. SCFIX - Volatility Comparison
John Hancock High Yield Fund (JHHBX) has a higher volatility of 1.10% compared to Shenkman Capital Short Duration High Income Fund (SCFIX) at 0.43%. This indicates that JHHBX's price experiences larger fluctuations and is considered to be riskier than SCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHHBX | SCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.43% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 1.31% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 1.64% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 2.78% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 3.28% | +2.48% |
JHHBX vs. SCFIX - Expense Ratio Comparison
JHHBX has a 0.90% expense ratio, which is higher than SCFIX's 0.67% expense ratio.
Dividends
JHHBX vs. SCFIX - Dividend Comparison
JHHBX's dividend yield for the trailing twelve months is around 6.56%, more than SCFIX's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHHBX John Hancock High Yield Fund | 6.56% | 6.28% | 4.95% | 4.41% | 4.87% | 4.32% | 4.82% | 5.33% | 5.80% | 5.45% | 6.12% | 7.24% |
SCFIX Shenkman Capital Short Duration High Income Fund | 5.31% | 5.54% | 5.85% | 5.21% | 3.86% | 4.93% | 3.24% | 3.78% | 3.87% | 3.09% | 3.07% | 3.38% |
Frequently Asked Questions
JHHBX and SCFIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHHBX has higher volatility (1.10%) compared to SCFIX (0.43%). In terms of maximum drawdown, JHHBX dropped -58.87% vs SCFIX's -13.08%.
SCFIX currently has the higher Sharpe Ratio (3.27 vs 1.68), 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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