JIEMX vs. SABTX

Last updated Jun 6, 2026

JIEMX (John Hancock Funds II Equity Income Fund) and SABTX (SA U.S. Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, JIEMX returned 5.04%/yr vs 11.49%/yr for SABTX. With a 0.96 correlation, they move nearly in lockstep. JIEMX charges 0.76%/yr vs 0.73%/yr for SABTX.

Performance

JIEMX vs. SABTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Equity Income Fund (JIEMX) and SA U.S. Value Fund (SABTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIEMX achieves a 12.85% return, which is significantly lower than SABTX's 18.33% return. Over the past 10 years, JIEMX has underperformed SABTX with an annualized return of 5.04%, while SABTX has yielded a comparatively higher 11.49% annualized return.

JIEMX

• 1D: 1.06%
• 1M: 2.08%
• YTD: 12.85%
• 6M: -25.87%
• 1Y: -19.41%
• 3Y*: 0.94%
• 5Y*: -1.72%
• 10Y*: 5.04%

SABTX

• 1D: 0.66%
• 1M: 4.86%
• YTD: 18.33%
• 6M: 19.89%
• 1Y: 38.63%
• 3Y*: 20.30%
• 5Y*: 10.76%
• 10Y*: 11.49%

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

JIEMX vs. SABTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIEMX John Hancock Funds II Equity Income Fund	12.85%	-26.66%	11.75%	9.49%	-11.75%	25.29%	1.07%	26.44%	-9.78%	15.46%
SABTX SA U.S. Value Fund	18.33%	17.69%	11.32%	11.82%	-6.35%	27.06%	-2.04%	24.85%	-12.14%	18.45%

Correlation

The correlation between JIEMX and SABTX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 17, 2005	0.96

The correlation between JIEMX and SABTX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

JIEMX vs. SABTX — Risk / Return Rank

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

JIEMX

JIEMX Risk / Return Rank: 1
JIEMX Sharpe Ratio Rank: 1
JIEMX Sortino Ratio Rank: 2
JIEMX Omega Ratio Rank: 1
JIEMX Calmar Ratio Rank: 1
JIEMX Martin Ratio Rank: 1

SABTX

SABTX Risk / Return Rank: 96
SABTX Sharpe Ratio Rank: 98
SABTX Sortino Ratio Rank: 96
SABTX Omega Ratio Rank: 91
SABTX Calmar Ratio Rank: 97
SABTX Martin Ratio Rank: 97

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.

JIEMX vs. SABTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Equity Income Fund (JIEMX) and SA U.S. Value Fund (SABTX). 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.

	JIEMX	SABTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	3.73	-4.29
Sortino ratio: Return per unit of downside risk	-0.39	5.25	-5.64
Omega ratio: Gain probability vs. loss probability	0.84	1.66	-0.82
Calmar ratio: Return relative to maximum drawdown	-0.60	6.81	-7.41
Martin ratio: Return relative to average drawdown	-0.94	24.61	-25.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIEMX vs. SABTX - Sharpe Ratio Comparison

The current JIEMX Sharpe Ratio is -0.56, which is lower than the SABTX Sharpe Ratio of 3.73. The chart below compares the historical Sharpe Ratios of JIEMX and SABTX, 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

	JIEMX	SABTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	3.73	-4.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.68	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.61	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.37	-0.12

Drawdowns

JIEMX vs. SABTX - Drawdown Comparison

The maximum JIEMX drawdown since its inception was -62.26%, smaller than the maximum SABTX drawdown of -66.96%. Use the drawdown chart below to compare losses from any high point for JIEMX and SABTX.

Drawdown Indicators

	JIEMX	SABTX	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-66.96%	+4.70%
Max Drawdown (1Y) Largest decline over 1 year	-36.12%	-6.36%	-29.76%
Max Drawdown (3Y) Largest decline over 3 years	-36.12%	-16.63%	-19.49%
Max Drawdown (5Y) Largest decline over 5 years	-36.12%	-20.42%	-15.70%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-42.00%	+2.24%
Current Drawdown Current decline from peak	-27.18%	0.00%	-27.18%
Average Drawdown Average peak-to-trough decline	-10.90%	-11.32%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.64%	1.72%	+19.92%

Volatility

JIEMX vs. SABTX - Volatility Comparison

John Hancock Funds II Equity Income Fund (JIEMX) and SA U.S. Value Fund (SABTX) have volatilities of 2.76% and 2.80%, 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

	JIEMX	SABTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	2.80%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	43.66%	8.32%	+35.34%
Volatility (1Y) Calculated over the trailing 1-year period	38.68%	11.63%	+27.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.98%	16.37%	+6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	19.16%	+2.43%

JIEMX vs. SABTX - Expense Ratio Comparison

JIEMX has a 0.76% expense ratio, which is higher than SABTX's 0.73% expense ratio.

Dividends

JIEMX vs. SABTX - Dividend Comparison

JIEMX's dividend yield for the trailing twelve months is around 1.21%, less than SABTX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIEMX John Hancock Funds II Equity Income Fund	1.21%	1.75%	11.35%	7.98%	2.09%	9.34%	2.59%	8.25%	13.73%	8.43%	3.73%	11.26%
SABTX SA U.S. Value Fund	3.28%	3.88%	2.60%	1.67%	7.66%	4.25%	1.52%	5.14%	9.80%	10.36%	5.08%	6.83%

Frequently Asked Questions

Can I hold both JIEMX and SABTX in my portfolio?

With a correlation of 0.90, JIEMX and SABTX 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, JIEMX or SABTX?

SABTX has higher volatility (2.80%) compared to JIEMX (2.76%). In terms of maximum drawdown, JIEMX dropped -62.26% vs SABTX's -66.96%.

Which has better risk-adjusted returns?

SABTX currently has the higher Sharpe Ratio (3.73 vs -0.56), 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.