JIEMX vs. TMMAX
JIEMX (John Hancock Funds II Equity Income Fund) and TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) are both mutual funds - JIEMX is a Dividend fund managed by John Hancock, while TMMAX is a Low Volatility fund managed by BlackRock. Over the past 10 years, JIEMX returned 5.25%/yr vs 9.93%/yr for TMMAX. Their correlation of 0.85 means they have usually moved in the same direction. JIEMX charges 0.76%/yr vs 1.00%/yr for TMMAX.
Performance
JIEMX vs. TMMAX - Performance Comparison
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Returns By Period
In the year-to-date period, JIEMX achieves a 17.10% return, which is significantly higher than TMMAX's 8.33% return. Over the past 10 years, JIEMX has underperformed TMMAX with an annualized return of 5.25%, while TMMAX has yielded a comparatively higher 9.93% annualized return.
JIEMX
- 1D
- 0.64%
- 1M
- 1.22%
- 6M
- 12.93%
- YTD
- 17.10%
- 1Y
- -17.92%
- 3Y*
- -0.49%
- 5Y*
- -0.24%
- 10Y*
- 5.25%
- ALL TIME*
- 5.39%
TMMAX
- 1D
- -1.22%
- 1M
- 2.01%
- 6M
- 5.67%
- YTD
- 8.33%
- 1Y
- 13.78%
- 3Y*
- 13.06%
- 5Y*
- 9.78%
- 10Y*
- 9.93%
- ALL TIME*
- 9.46%
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 |
JIEMX vs. TMMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIEMX John Hancock Funds II Equity Income Fund | 17.10% | -26.66% | 11.75% | 9.49% | -11.75% | 25.29% | 1.07% | 26.44% | -9.78% | 15.46% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 8.33% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 15.19% |
Correlation
The correlation between JIEMX and TMMAX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007 | 0.85 |
Over the past year, the correlation between JIEMX and TMMAX has dropped to 0.55 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
JIEMX vs. TMMAX — Risk / Return Rank
JIEMX
TMMAX
JIEMX vs. TMMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Equity Income Fund (JIEMX) and SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX). 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.
| JIEMX | TMMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.26 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.22 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.82 | 7.56 | -8.38 |
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Drawdowns
JIEMX vs. TMMAX - Drawdown Comparison
The maximum JIEMX drawdown since its inception was -62.26%, which is greater than TMMAX's maximum drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for JIEMX and TMMAX.
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Drawdown Indicators
| JIEMX | TMMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -41.50% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -5.78% | -30.50% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -23.00% | -13.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.28% | -23.00% | -13.28% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -33.41% | -6.35% |
Current DrawdownCurrent decline from peak | -24.43% | -3.38% | -21.05% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -5.57% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.94% | 1.69% | +22.25% |
Volatility
JIEMX vs. TMMAX - Volatility Comparison
The current volatility for John Hancock Funds II Equity Income Fund (JIEMX) is 2.99%, while SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) has a volatility of 3.98%. This indicates that JIEMX experiences smaller price fluctuations and is considered to be less risky than TMMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIEMX | TMMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 3.98% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 7.18% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.24% | 8.95% | +29.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 19.13% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 17.83% | +3.69% |
JIEMX vs. TMMAX - Expense Ratio Comparison
JIEMX has a 0.76% expense ratio, which is lower than TMMAX's 1.00% expense ratio.
Dividends
JIEMX vs. TMMAX - Dividend Comparison
JIEMX's dividend yield for the trailing twelve months is around 0.52%, less than TMMAX's 23.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIEMX John Hancock Funds II Equity Income Fund | 0.52% | 1.75% | 11.35% | 7.98% | 2.09% | 9.34% | 2.59% | 8.25% | 13.73% | 8.43% | 3.73% | 11.26% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 23.27% | 25.19% | 23.39% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.91% | 4.10% | 4.17% | 5.57% |
Frequently Asked Questions
JIEMX and TMMAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMMAX has higher volatility (3.98%) compared to JIEMX (2.99%). In terms of maximum drawdown, JIEMX dropped -62.26% vs TMMAX's -41.50%.
TMMAX currently has the higher Sharpe Ratio (1.44 vs -0.54), 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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