JHNBX vs. TAUSX

Last updated Jun 6, 2026

JHNBX (John Hancock Bond Fund) and TAUSX (John Hancock Investment Grade Bond Fund) are both mutual funds - JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock, while TAUSX is a Intermediate Core Bond fund managed by John Hancock. Over the past 10 years, JHNBX returned 2.21%/yr vs 1.56%/yr for TAUSX. Their correlation of 0.90 suggests significant overlap in exposure. JHNBX charges 0.76%/yr vs 0.74%/yr for TAUSX.

Performance

JHNBX vs. TAUSX - Performance Comparison

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

Returns By Period

In the year-to-date period, JHNBX achieves a 0.32% return, which is significantly higher than TAUSX's 0.09% return. Over the past 10 years, JHNBX has outperformed TAUSX with an annualized return of 2.21%, while TAUSX has yielded a comparatively lower 1.56% annualized return.

JHNBX

• 1D: 0.15%
• 1M: -0.17%
• YTD: 0.32%
• 6M: 0.77%
• 1Y: 5.47%
• 3Y*: 4.48%
• 5Y*: 0.02%
• 10Y*: 2.21%

TAUSX

• 1D: 0.11%
• 1M: -0.22%
• YTD: 0.09%
• 6M: 0.44%
• 1Y: 5.02%
• 3Y*: 3.53%
• 5Y*: -0.53%
• 10Y*: 1.56%

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

JHNBX vs. TAUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHNBX John Hancock Bond Fund	0.32%	7.53%	1.97%	6.24%	-15.22%	-0.68%	10.31%	10.09%	-1.15%	4.94%
TAUSX John Hancock Investment Grade Bond Fund	0.09%	7.38%	0.94%	4.76%	-14.69%	-1.49%	9.52%	8.71%	-0.38%	3.88%

Correlation

The correlation between JHNBX and TAUSX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 1992	0.90

The correlation between JHNBX and TAUSX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

Return for Risk

JHNBX vs. TAUSX — Risk / Return Rank

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

JHNBX

JHNBX Risk / Return Rank: 22
JHNBX Sharpe Ratio Rank: 23
JHNBX Sortino Ratio Rank: 24
JHNBX Omega Ratio Rank: 22
JHNBX Calmar Ratio Rank: 22
JHNBX Martin Ratio Rank: 20

TAUSX

TAUSX Risk / Return Rank: 18
TAUSX Sharpe Ratio Rank: 19
TAUSX Sortino Ratio Rank: 19
TAUSX Omega Ratio Rank: 18
TAUSX Calmar Ratio Rank: 19
TAUSX Martin Ratio Rank: 17

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. TAUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Bond Fund (JHNBX) and John Hancock Investment Grade Bond Fund (TAUSX). 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	TAUSX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.18	+0.15
Sortino ratio: Return per unit of downside risk	1.97	1.75	+0.22
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.62	1.49	+0.13
Martin ratio: Return relative to average drawdown	4.93	4.41	+0.52
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. TAUSX - Sharpe Ratio Comparison

The current JHNBX Sharpe Ratio is 1.33, which is comparable to the TAUSX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of JHNBX and TAUSX, 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	TAUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.18	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	-0.09	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.31	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.02	-0.27

Drawdowns

JHNBX vs. TAUSX - Drawdown Comparison

The maximum JHNBX drawdown since its inception was -24.74%, which is greater than TAUSX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for JHNBX and TAUSX.

Drawdown Indicators

	JHNBX	TAUSX	Difference
Max Drawdown Largest peak-to-trough decline	-24.74%	-19.90%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-3.23%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-7.29%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-19.90%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-20.13%	-19.90%	-0.23%
Current Drawdown Current decline from peak	-2.07%	-4.51%	+2.44%
Average Drawdown Average peak-to-trough decline	-4.15%	-2.37%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	1.09%	-0.02%

Volatility

JHNBX vs. TAUSX - Volatility Comparison

John Hancock Bond Fund (JHNBX) and John Hancock Investment Grade Bond Fund (TAUSX) have volatilities of 1.38% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHNBX	TAUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	1.43%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	3.00%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	4.09%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	6.06%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.91%	5.00%	-0.09%

JHNBX vs. TAUSX - Expense Ratio Comparison

JHNBX has a 0.76% expense ratio, which is higher than TAUSX's 0.74% expense ratio.

Dividends

JHNBX vs. TAUSX - Dividend Comparison

JHNBX's dividend yield for the trailing twelve months is around 4.48%, more than TAUSX's 4.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TAUSX John Hancock Investment Grade Bond Fund	4.05%	3.99%	3.40%	2.64%	2.50%	2.25%	4.49%	2.83%	2.83%	2.65%	2.66%	2.88%

Frequently Asked Questions

Can I hold both JHNBX and TAUSX in my portfolio?

With a correlation of 0.97, JHNBX and TAUSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JHNBX or TAUSX?

TAUSX has higher volatility (1.43%) compared to JHNBX (1.38%). In terms of maximum drawdown, JHNBX dropped -24.74% vs TAUSX's -19.90%.

Which has better risk-adjusted returns?

JHNBX currently has the higher Sharpe Ratio (1.33 vs 1.18), 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.