JHTFX vs. SPHIX
Compare and contrast key facts about John Hancock High Yield Municipal Bond Fund (JHTFX) and Fidelity High Income Fund (SPHIX).
JHTFX is managed by John Hancock. It was launched on Dec 30, 1993. SPHIX is managed by Fidelity. It was launched on Aug 29, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHTFX or SPHIX.
Correlation
The correlation between JHTFX and SPHIX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JHTFX vs. SPHIX - Performance Comparison
Key characteristics
JHTFX:
1.76
SPHIX:
3.18
JHTFX:
2.46
SPHIX:
5.27
JHTFX:
1.39
SPHIX:
1.77
JHTFX:
0.87
SPHIX:
4.73
JHTFX:
6.84
SPHIX:
19.96
JHTFX:
1.24%
SPHIX:
0.49%
JHTFX:
4.79%
SPHIX:
3.10%
JHTFX:
-22.36%
SPHIX:
-31.35%
JHTFX:
-2.14%
SPHIX:
-0.13%
Returns By Period
In the year-to-date period, JHTFX achieves a 1.96% return, which is significantly higher than SPHIX's 0.89% return. Over the past 10 years, JHTFX has underperformed SPHIX with an annualized return of 2.70%, while SPHIX has yielded a comparatively higher 4.17% annualized return.
JHTFX
1.96%
1.38%
2.36%
8.29%
1.20%
2.70%
SPHIX
0.89%
0.13%
3.62%
10.01%
2.82%
4.17%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JHTFX vs. SPHIX - Expense Ratio Comparison
JHTFX has a 0.85% expense ratio, which is higher than SPHIX's 0.70% expense ratio.
Risk-Adjusted Performance
JHTFX vs. SPHIX — Risk-Adjusted Performance Rank
JHTFX
SPHIX
JHTFX vs. SPHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield Municipal Bond Fund (JHTFX) and Fidelity High Income Fund (SPHIX). 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.
Dividends
JHTFX vs. SPHIX - Dividend Comparison
JHTFX's dividend yield for the trailing twelve months is around 4.30%, less than SPHIX's 5.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHTFX John Hancock High Yield Municipal Bond Fund | 4.30% | 4.36% | 4.39% | 4.20% | 3.08% | 3.76% | 4.11% | 4.46% | 4.54% | 4.84% | 4.65% | 4.62% |
SPHIX Fidelity High Income Fund | 5.58% | 6.09% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% |
Drawdowns
JHTFX vs. SPHIX - Drawdown Comparison
The maximum JHTFX drawdown since its inception was -22.36%, smaller than the maximum SPHIX drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for JHTFX and SPHIX. For additional features, visit the drawdowns tool.
Volatility
JHTFX vs. SPHIX - Volatility Comparison
John Hancock High Yield Municipal Bond Fund (JHTFX) has a higher volatility of 1.50% compared to Fidelity High Income Fund (SPHIX) at 0.59%. This indicates that JHTFX's price experiences larger fluctuations and is considered to be riskier than SPHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.