JHTFX vs. JVMIX
JHTFX (John Hancock High Yield Municipal Bond Fund) and JVMIX (John Hancock Funds Disciplined Value Mid Cap Fund Class I) are both mutual funds - JHTFX is a High Yield Muni fund managed by John Hancock, while JVMIX is a Mid Cap Value Equities fund managed by John Hancock. Over the past 10 years, JHTFX returned 2.13%/yr vs 10.85%/yr for JVMIX. Their -0.06 correlation means they have often moved in opposite directions in the past. JHTFX charges 0.85%/yr vs 0.87%/yr for JVMIX.
Performance
JHTFX vs. JVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, JHTFX achieves a 1.68% return, which is significantly lower than JVMIX's 14.27% return. Over the past 10 years, JHTFX has underperformed JVMIX with an annualized return of 2.13%, while JVMIX has yielded a comparatively higher 10.85% annualized return.
JHTFX
- 1D
- -0.15%
- 1M
- -2.47%
- 6M
- 0.95%
- YTD
- 1.68%
- 1Y
- 6.39%
- 3Y*
- 4.63%
- 5Y*
- -0.17%
- 10Y*
- 2.13%
- ALL TIME*
- 3.94%
JVMIX
- 1D
- 0.06%
- 1M
- 2.11%
- 6M
- 8.96%
- YTD
- 14.27%
- 1Y
- 19.08%
- 3Y*
- 13.92%
- 5Y*
- 10.02%
- 10Y*
- 10.85%
- ALL TIME*
- 6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JHTFX vs. JVMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHTFX John Hancock High Yield Municipal Bond Fund | 1.68% | 3.07% | 6.57% | 6.84% | -16.77% | 5.69% | 4.65% | 9.50% | 0.61% | 6.83% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 14.27% | 11.28% | 10.46% | 16.64% | -7.09% | 26.85% | 5.90% | 30.13% | -14.90% | 15.10% |
Correlation
The correlation between JHTFX and JVMIX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 1997 | -0.06 |
The correlation between JHTFX and JVMIX shifts across timeframes, from -0.06 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JHTFX vs. JVMIX — Risk / Return Rank
JHTFX
JVMIX
JHTFX vs. JVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield Municipal Bond Fund (JHTFX) and John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX). 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.
| JHTFX | JVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.09 | +0.06 |
| Martin ratioReturn relative to average drawdown | 7.74 | 6.75 | +0.99 |
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Drawdowns
JHTFX vs. JVMIX - Drawdown Comparison
The maximum JHTFX drawdown since its inception was -22.40%, smaller than the maximum JVMIX drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for JHTFX and JVMIX.
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Drawdown Indicators
| JHTFX | JVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.40% | -67.04% | +44.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -8.57% | +5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -21.13% | +12.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -21.13% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -22.40% | -42.64% | +20.24% |
Current DrawdownCurrent decline from peak | -2.47% | -1.54% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -13.29% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.65% | -1.76% |
Volatility
JHTFX vs. JVMIX - Volatility Comparison
The current volatility for John Hancock High Yield Municipal Bond Fund (JHTFX) is 1.23%, while John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a volatility of 3.47%. This indicates that JHTFX experiences smaller price fluctuations and is considered to be less risky than JVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHTFX | JVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 3.47% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 9.10% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 12.96% | -9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 18.22% | -12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 20.22% | -14.63% |
JHTFX vs. JVMIX - Expense Ratio Comparison
JHTFX has a 0.85% expense ratio, which is lower than JVMIX's 0.87% expense ratio.
Dividends
JHTFX vs. JVMIX - Dividend Comparison
JHTFX's dividend yield for the trailing twelve months is around 4.72%, less than JVMIX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHTFX John Hancock High Yield Municipal Bond Fund | 4.72% | 6.24% | 4.03% | 3.29% | 3.48% | 3.44% | 3.76% | 6.05% | 4.45% | 4.55% | 4.43% | 4.67% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 8.09% | 9.24% | 12.05% | 4.02% | 5.27% | 6.67% | 1.13% | 2.40% | 13.85% | 5.94% | 1.91% | 5.88% |
Frequently Asked Questions
JHTFX and JVMIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JVMIX has higher volatility (3.47%) compared to JHTFX (1.23%). In terms of maximum drawdown, JHTFX dropped -22.40% vs JVMIX's -67.04%.
JHTFX currently has the higher Sharpe Ratio (1.78 vs 1.38), 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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