JHNBX vs. BTO

Last updated Jun 5, 2026

JHNBX (John Hancock Bond Fund) and BTO (John Hancock Financial Opportunities Fund) are both mutual funds - JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock, while BTO is a Financials Equities fund actively managed by John Hancock. Over the past 10 years, JHNBX returned 2.19%/yr vs 10.37%/yr for BTO. At a correlation of -0.03, they often move in opposite directions. JHNBX charges 0.76%/yr vs 2.01%/yr for BTO.

Performance

JHNBX vs. BTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Bond Fund (JHNBX) and John Hancock Financial Opportunities Fund (BTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHNBX achieves a 0.17% return, which is significantly lower than BTO's 7.16% return. Over the past 10 years, JHNBX has underperformed BTO with an annualized return of 2.19%, while BTO has yielded a comparatively higher 10.37% annualized return.

JHNBX

• 1D: -0.22%
• 1M: 0.13%
• YTD: 0.17%
• 6M: 0.47%
• 1Y: 5.08%
• 3Y*: 4.43%
• 5Y*: -0.01%
• 10Y*: 2.19%

BTO

• 1D: 2.56%
• 1M: -0.91%
• YTD: 7.16%
• 6M: 8.33%
• 1Y: 15.45%
• 3Y*: 20.52%
• 5Y*: 4.38%
• 10Y*: 10.37%

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

JHNBX vs. BTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHNBX John Hancock Bond Fund	0.17%	7.53%	1.97%	6.24%	-15.22%	-0.68%	10.31%	10.09%	-1.15%	4.94%
BTO John Hancock Financial Opportunities Fund	7.16%	5.85%	28.92%	-1.16%	-23.58%	61.86%	-8.97%	38.87%	-25.68%	13.12%

Correlation

The correlation between JHNBX and BTO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Aug 18, 1994	-0.03

The correlation between JHNBX and BTO shifts across timeframes, from -0.04 (10 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JHNBX vs. BTO — Risk / Return Rank

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

JHNBX

JHNBX Risk / Return Rank: 24
JHNBX Sharpe Ratio Rank: 25
JHNBX Sortino Ratio Rank: 27
JHNBX Omega Ratio Rank: 23
JHNBX Calmar Ratio Rank: 23
JHNBX Martin Ratio Rank: 21

BTO

BTO Risk / Return Rank: 10
BTO Sharpe Ratio Rank: 10
BTO Sortino Ratio Rank: 10
BTO Omega Ratio Rank: 10
BTO Calmar Ratio Rank: 11
BTO Martin Ratio Rank: 9

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.

JHNBX vs. BTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund (JHNBX) and John Hancock Financial Opportunities Fund (BTO). 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.

	JHNBX	BTO	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.75	+0.69
Sortino ratio: Return per unit of downside risk	2.14	1.17	+0.98
Omega ratio: Gain probability vs. loss probability	1.25	1.15	+0.11
Calmar ratio: Return relative to maximum drawdown	1.77	1.02	+0.75
Martin ratio: Return relative to average drawdown	5.40	2.52	+2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHNBX vs. BTO - Sharpe Ratio Comparison

The current JHNBX Sharpe Ratio is 1.44, which is higher than the BTO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of JHNBX and BTO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHNBX	BTO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	0.75	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.14	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.29	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.30	+0.46

Drawdowns

JHNBX vs. BTO - Drawdown Comparison

The maximum JHNBX drawdown since its inception was -24.74%, smaller than the maximum BTO drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for JHNBX and BTO.

Drawdown Indicators

	JHNBX	BTO	Difference
Max Drawdown Largest peak-to-trough decline	-24.74%	-72.27%	+47.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-15.26%	+12.01%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-25.19%	+18.50%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-51.80%	+31.67%
Max Drawdown (10Y) Largest decline over 10 years	-20.13%	-65.70%	+45.57%
Current Drawdown Current decline from peak	-2.21%	-5.38%	+3.17%
Average Drawdown Average peak-to-trough decline	-4.15%	-19.00%	+14.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	6.14%	-5.08%

Volatility

JHNBX vs. BTO - Volatility Comparison

The current volatility for John Hancock Bond Fund (JHNBX) is 1.38%, while John Hancock Financial Opportunities Fund (BTO) has a volatility of 5.69%. This indicates that JHNBX experiences smaller price fluctuations and is considered to be less risky than BTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHNBX	BTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	5.69%	-4.31%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	15.17%	-12.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	20.77%	-16.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	31.37%	-25.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.91%	36.13%	-31.22%

JHNBX vs. BTO - Expense Ratio Comparison

JHNBX has a 0.76% expense ratio, which is lower than BTO's 2.01% expense ratio.

Dividends

JHNBX vs. BTO - Dividend Comparison

JHNBX's dividend yield for the trailing twelve months is around 4.48%, less than BTO's 7.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTO John Hancock Financial Opportunities Fund	7.05%	7.41%	7.28%	8.64%	7.51%	4.72%	7.25%	6.06%	5.94%	3.76%	5.10%	4.75%
JHNBX John Hancock Bond Fund	4.48%	4.41%	4.14%	3.80%	2.93%	3.30%	5.50%	3.75%	3.51%	3.23%	3.19%	3.48%

Frequently Asked Questions

Can I hold both JHNBX and BTO in my portfolio?

JHNBX and BTO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHNBX or BTO?

BTO has higher volatility (5.69%) compared to JHNBX (1.38%). In terms of maximum drawdown, JHNBX dropped -24.74% vs BTO's -72.27%.

Which has better risk-adjusted returns?

JHNBX currently has the higher Sharpe Ratio (1.44 vs 0.75), 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.