JHMPX vs. SVBAX

Last updated Jul 4, 2026

JHMPX (John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio) and SVBAX (John Hancock Balanced Fund) are both Diversified Portfolio funds from John Hancock. Over the past 5 years, JHMPX returned 4.20%/yr vs 8.56%/yr for SVBAX. Their correlation of 0.86 suggests significant overlap in exposure. JHMPX charges 0.13%/yr vs 1.03%/yr for SVBAX.

Performance

JHMPX vs. SVBAX - 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 John Hancock Balanced Fund (SVBAX). 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 SVBAX's 10.14% return.

JHMPX

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

SVBAX

• 1D: -0.16%
• 1M: -0.03%
• 6M: 9.73%
• YTD: 10.14%
• 1Y: 19.37%
• 3Y*: 15.80%
• 5Y*: 8.56%
• 10Y*: 10.01%

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

JHMPX vs. SVBAX - 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%
SVBAX John Hancock Balanced Fund	10.14%	15.69%	13.31%	18.22%	-15.79%	14.49%	15.97%	21.28%	-5.02%	11.85%

Correlation

The correlation between JHMPX and SVBAX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.86

The correlation between JHMPX and SVBAX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

JHMPX vs. SVBAX — 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

SVBAX

SVBAX Risk / Return Rank: 86
SVBAX Sharpe Ratio Rank: 85
SVBAX Sortino Ratio Rank: 84
SVBAX Omega Ratio Rank: 81
SVBAX Calmar Ratio Rank: 88
SVBAX Martin Ratio Rank: 94

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. SVBAX - 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 John Hancock Balanced Fund (SVBAX). 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	SVBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.27	-0.57
Sortino ratio: Return per unit of downside risk	2.45	3.26	-0.81
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio: Return relative to maximum drawdown	2.26	3.57	-1.31
Martin ratio: Return relative to average drawdown	9.47	17.01	-7.54

JHMPX vs. SVBAX - Sharpe Ratio Comparison

The current JHMPX Sharpe Ratio is 1.70, which is comparable to the SVBAX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of JHMPX and SVBAX, 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. SVBAX - Drawdown Comparison

The maximum JHMPX drawdown since its inception was -20.52%, smaller than the maximum SVBAX drawdown of -40.81%. Use the drawdown chart below to compare losses from any high point for JHMPX and SVBAX.

Drawdown Indicators

	JHMPX	SVBAX	Difference
Max Drawdown Largest peak-to-trough decline	-20.52%	-40.81%	+20.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.27%	-5.57%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-7.71%	-12.06%	+4.35%
Max Drawdown (5Y) Largest decline over 5 years	-20.52%	-20.53%	+0.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.00%	—
Current Drawdown Current decline from peak	-0.44%	-0.68%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.62%	-5.22%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	1.17%	+0.03%

Volatility

JHMPX vs. SVBAX - Volatility Comparison

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

Volatility by Period

	JHMPX	SVBAX	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%	7.15%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	7.03%	8.74%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.42%	10.88%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.02%	10.79%	-2.77%

JHMPX vs. SVBAX - Expense Ratio Comparison

JHMPX has a 0.13% expense ratio, which is lower than SVBAX's 1.03% expense ratio.

Dividends

JHMPX vs. SVBAX - Dividend Comparison

JHMPX's dividend yield for the trailing twelve months is around 5.57%, less than SVBAX's 11.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SVBAX John Hancock Balanced Fund	11.38%	12.45%	3.72%	1.48%	1.60%	2.73%	1.60%	2.19%	8.06%	3.51%	1.70%	4.57%

Frequently Asked Questions

Can I hold both JHMPX and SVBAX in my portfolio?

JHMPX and SVBAX have a correlation of 0.83, 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 SVBAX?

SVBAX has higher volatility (3.56%) compared to JHMPX (2.84%). In terms of maximum drawdown, JHMPX dropped -20.52% vs SVBAX's -40.81%.

Which has better risk-adjusted returns?

SVBAX currently has the higher Sharpe Ratio (2.27 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.