Correlation
The correlation between JICDX and WOBDX is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
JICDX vs. WOBDX
Compare and contrast key facts about John Hancock Funds II Core Bond Fund (JICDX) and JPMorgan Core Bond Fund (WOBDX).
JICDX is managed by John Hancock. It was launched on Oct 14, 2005. WOBDX is managed by JPMorgan Chase. It was launched on May 31, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JICDX or WOBDX.
Performance
JICDX vs. WOBDX - Performance Comparison
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Key characteristics
JICDX:
1.09
WOBDX:
1.12
JICDX:
1.61
WOBDX:
1.68
JICDX:
1.19
WOBDX:
1.20
JICDX:
0.35
WOBDX:
0.59
JICDX:
2.65
WOBDX:
2.82
JICDX:
2.12%
WOBDX:
2.10%
JICDX:
5.19%
WOBDX:
5.22%
JICDX:
-22.21%
WOBDX:
-16.66%
JICDX:
-10.89%
WOBDX:
-4.52%
Returns By Period
The year-to-date returns for both investments are quite close, with JICDX having a 2.34% return and WOBDX slightly higher at 2.35%. Over the past 10 years, JICDX has underperformed WOBDX with an annualized return of 0.73%, while WOBDX has yielded a comparatively higher 1.81% annualized return.
JICDX
2.34%
-0.27%
0.67%
5.33%
1.48%
-1.74%
0.73%
WOBDX
2.35%
-0.68%
0.69%
5.47%
1.80%
-0.24%
1.81%
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JICDX vs. WOBDX - Expense Ratio Comparison
JICDX has a 0.66% expense ratio, which is higher than WOBDX's 0.50% expense ratio.
Risk-Adjusted Performance
JICDX vs. WOBDX — Risk-Adjusted Performance Rank
JICDX
WOBDX
JICDX vs. WOBDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Core Bond Fund (JICDX) and JPMorgan Core Bond Fund (WOBDX). 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.
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Dividends
JICDX vs. WOBDX - Dividend Comparison
JICDX's dividend yield for the trailing twelve months is around 4.21%, more than WOBDX's 3.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JICDX John Hancock Funds II Core Bond Fund | 4.21% | 4.25% | 3.66% | 2.35% | 1.73% | 6.47% | 3.39% | 2.69% | 2.04% | 3.00% | 1.72% | 1.79% |
WOBDX JPMorgan Core Bond Fund | 3.67% | 3.96% | 3.49% | 2.69% | 2.81% | 4.01% | 3.24% | 2.90% | 2.89% | 2.84% | 2.54% | 2.66% |
Drawdowns
JICDX vs. WOBDX - Drawdown Comparison
The maximum JICDX drawdown since its inception was -22.21%, which is greater than WOBDX's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for JICDX and WOBDX.
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Volatility
JICDX vs. WOBDX - Volatility Comparison
The current volatility for John Hancock Funds II Core Bond Fund (JICDX) is 1.34%, while JPMorgan Core Bond Fund (WOBDX) has a volatility of 1.55%. This indicates that JICDX experiences smaller price fluctuations and is considered to be less risky than WOBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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