JIEMX vs. VHYAX
JIEMX (John Hancock Funds II Equity Income Fund) and VHYAX (Vanguard High Dividend Yield Index Fund Admiral Shares) are both mutual funds - JIEMX is a Dividend fund managed by John Hancock, while VHYAX is a Large Cap Value Equities fund tracking the FTSE High Dividend Yield Index. Over the past 5 years, JIEMX returned -0.24%/yr vs 12.16%/yr for VHYAX. Their correlation of 0.91 means they have usually moved in the same direction. JIEMX charges 0.76%/yr vs 0.08%/yr for VHYAX.
Performance
JIEMX vs. VHYAX - 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 VHYAX's 14.17% 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%
VHYAX
- 1D
- 0.18%
- 1M
- 1.48%
- 6M
- 9.25%
- YTD
- 14.17%
- 1Y
- 24.78%
- 3Y*
- 16.81%
- 5Y*
- 12.16%
- 10Y*
- —
- ALL TIME*
- 12.69%
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. VHYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JIEMX John Hancock Funds II Equity Income Fund | 17.10% | -26.66% | 11.75% | 9.49% | -11.75% | 25.29% | 1.07% | 17.07% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 14.17% | 15.39% | 17.39% | 6.68% | -0.45% | 26.08% | 1.06% | 16.67% |
Correlation
The correlation between JIEMX and VHYAX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.91 |
The correlation between JIEMX and VHYAX shifts across timeframes, from 0.73 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JIEMX vs. VHYAX — Risk / Return Rank
JIEMX
VHYAX
JIEMX vs. VHYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Equity Income Fund (JIEMX) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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 | VHYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.39 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.31 | -3.88 |
| Martin ratioReturn relative to average drawdown | -0.82 | 12.56 | -13.38 |
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Drawdowns
JIEMX vs. VHYAX - Drawdown Comparison
The maximum JIEMX drawdown since its inception was -62.26%, which is greater than VHYAX's maximum drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for JIEMX and VHYAX.
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Drawdown Indicators
| JIEMX | VHYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -35.14% | -27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -6.75% | -29.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -14.42% | -21.86% |
Max Drawdown (5Y)Largest decline over 5 years | -36.28% | -15.87% | -20.41% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | — | — |
Current DrawdownCurrent decline from peak | -24.43% | -1.13% | -23.30% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -3.71% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.94% | 1.79% | +22.15% |
Volatility
JIEMX vs. VHYAX - Volatility Comparison
John Hancock Funds II Equity Income Fund (JIEMX) has a higher volatility of 2.99% compared to Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) at 2.45%. This indicates that JIEMX's price experiences larger fluctuations and is considered to be riskier than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIEMX | VHYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.45% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 7.48% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.24% | 10.37% | +27.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 13.91% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 17.82% | +3.70% |
JIEMX vs. VHYAX - Expense Ratio Comparison
JIEMX has a 0.76% expense ratio, which is higher than VHYAX's 0.08% expense ratio.
Dividends
JIEMX vs. VHYAX - Dividend Comparison
JIEMX's dividend yield for the trailing twelve months is around 0.52%, less than VHYAX's 2.22% 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% |
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.22% | 2.42% | 2.72% | 3.09% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JIEMX and VHYAX have a correlation of 0.73, 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 VHYAX (2.45%). In terms of maximum drawdown, JIEMX dropped -62.26% vs VHYAX's -35.14%.
VHYAX currently has the higher Sharpe Ratio (2.16 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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