JIEMX vs. TORYX
JIEMX (John Hancock Funds II Equity Income Fund) and TORYX (Torray Equity Income Fund) are both mutual funds - JIEMX is a Dividend fund managed by John Hancock, while TORYX is a Large Cap Value Equities fund managed by Torray. Over the past 10 years, JIEMX returned 5.25%/yr vs 9.82%/yr for TORYX. Their correlation of 0.92 means they have usually moved in the same direction. JIEMX charges 0.76%/yr vs 1.07%/yr for TORYX.
Performance
JIEMX vs. TORYX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JIEMX having a 17.10% return and TORYX slightly lower at 16.56%. Over the past 10 years, JIEMX has underperformed TORYX with an annualized return of 5.25%, while TORYX has yielded a comparatively higher 9.82% 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%
TORYX
- 1D
- -0.21%
- 1M
- 4.92%
- 6M
- 14.34%
- YTD
- 16.56%
- 1Y
- 25.44%
- 3Y*
- 16.52%
- 5Y*
- 11.97%
- 10Y*
- 9.82%
- ALL TIME*
- 9.35%
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. TORYX - 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% |
TORYX Torray Equity Income Fund | 16.56% | 14.89% | 13.77% | 12.57% | -0.69% | 21.40% | -2.45% | 19.89% | -10.59% | 12.07% |
Correlation
The correlation between JIEMX and TORYX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | 0.92 |
Over the past year, the correlation between JIEMX and TORYX has dropped to 0.62 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
JIEMX vs. TORYX — Risk / Return Rank
JIEMX
TORYX
JIEMX vs. TORYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Equity Income Fund (JIEMX) and Torray Equity Income Fund (TORYX). 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 | TORYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 5.07 | -5.64 |
| Martin ratioReturn relative to average drawdown | -0.82 | 14.10 | -14.92 |
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Drawdowns
JIEMX vs. TORYX - Drawdown Comparison
The maximum JIEMX drawdown since its inception was -62.26%, which is greater than TORYX's maximum drawdown of -56.55%. Use the drawdown chart below to compare losses from any high point for JIEMX and TORYX.
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Drawdown Indicators
| JIEMX | TORYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -56.55% | -5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -4.50% | -31.78% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -14.64% | -21.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.28% | -16.53% | -19.75% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -38.31% | -1.45% |
Current DrawdownCurrent decline from peak | -24.43% | -0.46% | -23.97% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -7.31% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.94% | 1.63% | +22.31% |
Volatility
JIEMX vs. TORYX - Volatility Comparison
John Hancock Funds II Equity Income Fund (JIEMX) has a higher volatility of 2.99% compared to Torray Equity Income Fund (TORYX) at 2.39%. This indicates that JIEMX's price experiences larger fluctuations and is considered to be riskier than TORYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIEMX | TORYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.39% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 7.67% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.24% | 10.89% | +27.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 15.04% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 17.55% | +3.97% |
JIEMX vs. TORYX - Expense Ratio Comparison
JIEMX has a 0.76% expense ratio, which is lower than TORYX's 1.07% expense ratio.
Dividends
JIEMX vs. TORYX - Dividend Comparison
JIEMX's dividend yield for the trailing twelve months is around 0.52%, less than TORYX's 28.62% 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% |
TORYX Torray Equity Income Fund | 28.62% | 32.38% | 7.32% | 6.47% | 10.55% | 10.80% | 3.22% | 2.66% | 2.21% | 7.34% | 8.93% | 4.30% |
Frequently Asked Questions
JIEMX and TORYX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIEMX has higher volatility (2.99%) compared to TORYX (2.39%). In terms of maximum drawdown, JIEMX dropped -62.26% vs TORYX's -56.55%.
TORYX currently has the higher Sharpe Ratio (2.10 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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