JIGDX vs. PRSNX
JIGDX (John Hancock Opportunistic Fixed Income Fund) and PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) are both Global Bonds funds. Over the past 10 years, JIGDX returned 2.04%/yr vs 3.87%/yr for PRSNX. At a 0.49 correlation, their price movements are largely independent. JIGDX charges 0.85%/yr vs 0.65%/yr for PRSNX.
Performance
JIGDX vs. PRSNX - Performance Comparison
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Returns By Period
In the year-to-date period, JIGDX achieves a 1.41% return, which is significantly lower than PRSNX's 1.72% return. Over the past 10 years, JIGDX has underperformed PRSNX with an annualized return of 2.04%, while PRSNX has yielded a comparatively higher 3.87% annualized return.
JIGDX
- 1D
- -0.24%
- 1M
- 1.47%
- YTD
- 1.41%
- 6M
- 1.57%
- 1Y
- 4.30%
- 3Y*
- 4.67%
- 5Y*
- 0.99%
- 10Y*
- 2.04%
PRSNX
- 1D
- -0.20%
- 1M
- 0.69%
- YTD
- 1.72%
- 6M
- 3.14%
- 1Y
- 7.41%
- 3Y*
- 8.03%
- 5Y*
- 2.13%
- 10Y*
- 3.87%
JIGDX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIGDX John Hancock Opportunistic Fixed Income Fund | 1.41% | 8.33% | 0.42% | 8.15% | -10.84% | -1.89% | 11.65% | 6.77% | -1.71% | 8.54% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 1.72% | 9.31% | 5.60% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Correlation
The correlation between JIGDX and PRSNX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008 | 0.49 |
The correlation between JIGDX and PRSNX shifts across timeframes, from 0.49 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JIGDX vs. PRSNX — Risk / Return Rank
JIGDX
PRSNX
JIGDX vs. PRSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Opportunistic Fixed Income Fund (JIGDX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
| JIGDX | PRSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.65 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.50 | -1.25 |
| Martin ratioReturn relative to average drawdown | 6.18 | 15.65 | -9.47 |
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Drawdowns
JIGDX vs. PRSNX - Drawdown Comparison
The maximum JIGDX drawdown since its inception was -20.55%, roughly equal to the maximum PRSNX drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for JIGDX and PRSNX.
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Drawdown Indicators
| JIGDX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -19.70% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.18% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.19% | -2.87% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -19.70% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -19.23% | -19.70% | +0.47% |
Current DrawdownCurrent decline from peak | -0.56% | -0.20% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -2.35% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.48% | +0.49% |
Volatility
JIGDX vs. PRSNX - Volatility Comparison
John Hancock Opportunistic Fixed Income Fund (JIGDX) has a higher volatility of 1.32% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.72%. This indicates that JIGDX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIGDX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.72% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 2.30% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 2.86% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 4.30% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.13% | +0.85% |
JIGDX vs. PRSNX - Expense Ratio Comparison
JIGDX has a 0.85% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Dividends
JIGDX vs. PRSNX - Dividend Comparison
JIGDX's dividend yield for the trailing twelve months is around 1.75%, less than PRSNX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIGDX John Hancock Opportunistic Fixed Income Fund | 1.75% | 3.38% | 2.32% | 0.40% | 5.52% | 1.24% | 5.15% | 3.58% | 1.36% | 0.00% | 0.37% | 0.02% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 6.64% | 7.87% | 6.36% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Frequently Asked Questions
JIGDX and PRSNX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIGDX has higher volatility (1.32%) compared to PRSNX (0.72%). In terms of maximum drawdown, JIGDX dropped -20.55% vs PRSNX's -19.70%.
PRSNX currently has the higher Sharpe Ratio (2.67 vs 1.43), 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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