JHMPX vs. BRUFX

Last updated Jul 4, 2026

JHMPX (John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 5 years, JHMPX returned 4.20%/yr vs 5.92%/yr for BRUFX. A 0.65 correlation means they provide meaningful diversification when combined. JHMPX charges 0.13%/yr vs 0.68%/yr for BRUFX.

Performance

JHMPX vs. BRUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio (JHMPX) and Bruce Fund (BRUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHMPX achieves a 4.90% return, which is significantly lower than BRUFX's 15.92% return.

JHMPX

• 1D: 0.00%
• 1M: -0.00%
• 6M: 4.66%
• YTD: 4.90%
• 1Y: 10.70%
• 3Y*: 9.81%
• 5Y*: 4.20%
• 10Y*: —

BRUFX

• 1D: 1.06%
• 1M: 6.03%
• 6M: 15.33%
• YTD: 15.92%
• 1Y: 26.79%
• 3Y*: 12.61%
• 5Y*: 5.92%
• 10Y*: 7.73%

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

JHMPX vs. BRUFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHMPX John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio	4.90%	12.39%	7.13%	12.20%	-15.10%	7.25%	12.07%	15.97%	-3.58%	5.94%
BRUFX Bruce Fund	15.92%	14.89%	4.45%	-0.74%	-8.80%	17.35%	12.06%	22.42%	-3.99%	11.13%

Correlation

The correlation between JHMPX and BRUFX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.65

The correlation between JHMPX and BRUFX shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JHMPX vs. BRUFX — Risk / Return Rank

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

JHMPX

JHMPX Risk / Return Rank: 58
JHMPX Sharpe Ratio Rank: 58
JHMPX Sortino Ratio Rank: 60
JHMPX Omega Ratio Rank: 60
JHMPX Calmar Ratio Rank: 53
JHMPX Martin Ratio Rank: 61

BRUFX

BRUFX Risk / Return Rank: 89
BRUFX Sharpe Ratio Rank: 91
BRUFX Sortino Ratio Rank: 88
BRUFX Omega Ratio Rank: 84
BRUFX Calmar Ratio Rank: 88
BRUFX Martin Ratio Rank: 93

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.

JHMPX vs. BRUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio (JHMPX) and Bruce Fund (BRUFX). 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.

	JHMPX	BRUFX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.52	-0.82
Sortino ratio: Return per unit of downside risk	2.45	3.58	-1.13
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	2.26	3.56	-1.29
Martin ratio: Return relative to average drawdown	9.47	15.74	-6.27

JHMPX vs. BRUFX - Sharpe Ratio Comparison

The current JHMPX Sharpe Ratio is 1.70, which is lower than the BRUFX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of JHMPX and BRUFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHMPX vs. BRUFX - Drawdown Comparison

The maximum JHMPX drawdown since its inception was -20.52%, smaller than the maximum BRUFX drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for JHMPX and BRUFX.

Drawdown Indicators

	JHMPX	BRUFX	Difference
Max Drawdown Largest peak-to-trough decline	-20.52%	-44.50%	+23.98%
Max Drawdown (1Y) Largest decline over 1 year	-5.27%	-7.67%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	-7.71%	-9.66%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.52%	-17.91%	-2.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.44%	—
Current Drawdown Current decline from peak	-0.44%	-0.35%	-0.09%
Average Drawdown Average peak-to-trough decline	-3.62%	-9.05%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	1.73%	-0.53%

Volatility

JHMPX vs. BRUFX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio (JHMPX) is 2.84%, while Bruce Fund (BRUFX) has a volatility of 3.56%. This indicates that JHMPX experiences smaller price fluctuations and is considered to be less risky than BRUFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMPX	BRUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.56%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	5.67%	8.50%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	7.03%	10.80%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.42%	10.58%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	11.64%	-3.62%

JHMPX vs. BRUFX - Expense Ratio Comparison

JHMPX has a 0.13% expense ratio, which is lower than BRUFX's 0.68% expense ratio.

Dividends

JHMPX vs. BRUFX - Dividend Comparison

JHMPX's dividend yield for the trailing twelve months is around 5.57%, more than BRUFX's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRUFX Bruce Fund	5.48%	6.35%	5.01%	6.46%	13.31%	9.25%	5.83%	2.03%	2.49%	4.11%	6.26%	4.63%
JHMPX John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio	5.57%	5.85%	4.81%	10.70%	11.76%	6.67%	5.55%	4.38%	4.12%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHMPX and BRUFX in my portfolio?

JHMPX and BRUFX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHMPX or BRUFX?

BRUFX has higher volatility (3.56%) compared to JHMPX (2.84%). In terms of maximum drawdown, JHMPX dropped -20.52% vs BRUFX's -44.50%.

Which has better risk-adjusted returns?

BRUFX currently has the higher Sharpe Ratio (2.52 vs 1.70), 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.