JIBCX vs. HEQ

Last updated Jun 6, 2026

JIBCX (John Hancock Funds II Blue Chip Growth Fund) and HEQ (John Hancock Diversified Income Fund) are both mutual funds - JIBCX is a Large Cap Growth Equities fund managed by John Hancock, while HEQ is a Diversified Portfolio fund managed by John Hancock. Over the past 10 years, JIBCX returned 15.27%/yr vs 7.45%/yr for HEQ. At a 0.49 correlation, their price movements are largely independent. JIBCX charges 0.81%/yr vs 0.01%/yr for HEQ.

Performance

JIBCX vs. HEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Blue Chip Growth Fund (JIBCX) and John Hancock Diversified Income Fund (HEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIBCX achieves a 4.23% return, which is significantly lower than HEQ's 11.61% return. Over the past 10 years, JIBCX has outperformed HEQ with an annualized return of 15.27%, while HEQ has yielded a comparatively lower 7.45% annualized return.

JIBCX

• 1D: 0.59%
• 1M: 1.74%
• YTD: 4.23%
• 6M: -4.78%
• 1Y: 9.97%
• 3Y*: 20.72%
• 5Y*: 9.26%
• 10Y*: 15.27%

HEQ

• 1D: -0.17%
• 1M: 0.77%
• YTD: 11.61%
• 6M: 10.69%
• 1Y: 22.29%
• 3Y*: 14.60%
• 5Y*: 7.66%
• 10Y*: 7.45%

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

JIBCX vs. HEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIBCX John Hancock Funds II Blue Chip Growth Fund	4.23%	8.28%	35.89%	49.47%	-38.12%	16.88%	34.25%	29.71%	1.72%	36.25%
HEQ John Hancock Diversified Income Fund	11.61%	15.64%	11.70%	-3.14%	-3.08%	24.44%	-14.28%	26.76%	-17.29%	23.20%

Correlation

The correlation between JIBCX and HEQ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 31, 2011	0.49

The correlation between JIBCX and HEQ shifts across timeframes, from 0.34 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JIBCX vs. HEQ — Risk / Return Rank

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

JIBCX

JIBCX Risk / Return Rank: 7
JIBCX Sharpe Ratio Rank: 8
JIBCX Sortino Ratio Rank: 7
JIBCX Omega Ratio Rank: 8
JIBCX Calmar Ratio Rank: 6
JIBCX Martin Ratio Rank: 5

HEQ

HEQ Risk / Return Rank: 65
HEQ Sharpe Ratio Rank: 55
HEQ Sortino Ratio Rank: 66
HEQ Omega Ratio Rank: 57
HEQ Calmar Ratio Rank: 74
HEQ Martin Ratio Rank: 74

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.

JIBCX vs. HEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Blue Chip Growth Fund (JIBCX) and John Hancock Diversified Income Fund (HEQ). 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.

	JIBCX	HEQ	Difference
Sharpe ratio: Return per unit of total volatility	0.58	2.13	-1.55
Sortino ratio: Return per unit of downside risk	0.87	3.30	-2.44
Omega ratio: Gain probability vs. loss probability	1.12	1.40	-0.29
Calmar ratio: Return relative to maximum drawdown	0.44	3.24	-2.80
Martin ratio: Return relative to average drawdown	1.03	13.48	-12.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIBCX vs. HEQ - Sharpe Ratio Comparison

The current JIBCX Sharpe Ratio is 0.58, which is lower than the HEQ Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of JIBCX and HEQ, 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

	JIBCX	HEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	2.13	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.47	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.40	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.34	+0.19

Drawdowns

JIBCX vs. HEQ - Drawdown Comparison

The maximum JIBCX drawdown since its inception was -54.15%, which is greater than HEQ's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for JIBCX and HEQ.

Drawdown Indicators

	JIBCX	HEQ	Difference
Max Drawdown Largest peak-to-trough decline	-54.15%	-44.38%	-9.77%
Max Drawdown (1Y) Largest decline over 1 year	-24.47%	-6.92%	-17.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.47%	-14.12%	-10.35%
Max Drawdown (5Y) Largest decline over 5 years	-42.74%	-25.37%	-17.37%
Max Drawdown (10Y) Largest decline over 10 years	-42.74%	-44.38%	+1.64%
Current Drawdown Current decline from peak	-7.51%	-1.59%	-5.92%
Average Drawdown Average peak-to-trough decline	-9.28%	-8.57%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.71%	1.66%	+8.05%

Volatility

JIBCX vs. HEQ - Volatility Comparison

John Hancock Funds II Blue Chip Growth Fund (JIBCX) has a higher volatility of 3.98% compared to John Hancock Diversified Income Fund (HEQ) at 3.63%. This indicates that JIBCX's price experiences larger fluctuations and is considered to be riskier than HEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIBCX	HEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.63%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	14.47%	8.77%	+5.70%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	10.53%	+7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.50%	16.52%	+7.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	18.84%	+4.18%

JIBCX vs. HEQ - Expense Ratio Comparison

JIBCX has a 0.81% expense ratio, which is higher than HEQ's 0.02% expense ratio.

Dividends

JIBCX vs. HEQ - Dividend Comparison

JIBCX has not paid dividends to shareholders, while HEQ's dividend yield for the trailing twelve months is around 8.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEQ John Hancock Diversified Income Fund	8.53%	9.30%	9.79%	10.75%	10.09%	8.92%	11.64%	10.09%	11.50%	10.44%	9.57%	10.40%
JIBCX John Hancock Funds II Blue Chip Growth Fund	0.00%	0.00%	6.97%	3.23%	5.57%	16.46%	4.72%	1.46%	7.73%	16.16%	6.35%	13.20%

Frequently Asked Questions

Can I hold both JIBCX and HEQ in my portfolio?

JIBCX and HEQ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIBCX or HEQ?

JIBCX has higher volatility (3.98%) compared to HEQ (3.63%). In terms of maximum drawdown, JIBCX dropped -54.15% vs HEQ's -44.38%.

Which has better risk-adjusted returns?

HEQ currently has the higher Sharpe Ratio (2.13 vs 0.58), 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.