JIGMX vs. WFBIX
JIGMX (John Hancock Investment Grade Bond Fund Class R4) and WFBIX (iShares U.S. Aggregate Bond Index Fund) are both Intermediate Core Bond funds. Over the past 10 years, JIGMX returned 1.63%/yr vs 1.94%/yr for WFBIX. Their correlation of 0.92 suggests significant overlap in exposure. JIGMX charges 0.64%/yr vs 0.05%/yr for WFBIX.
Performance
JIGMX vs. WFBIX - Performance Comparison
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Returns By Period
In the year-to-date period, JIGMX achieves a 0.03% return, which is significantly lower than WFBIX's 0.21% return. Over the past 10 years, JIGMX has underperformed WFBIX with an annualized return of 1.63%, while WFBIX has yielded a comparatively higher 1.94% annualized return.
JIGMX
- 1D
- -0.22%
- 1M
- 0.12%
- YTD
- 0.03%
- 6M
- 0.17%
- 1Y
- 4.79%
- 3Y*
- 3.66%
- 5Y*
- -0.47%
- 10Y*
- 1.63%
WFBIX
- 1D
- -0.22%
- 1M
- 0.11%
- YTD
- 0.21%
- 6M
- 0.32%
- 1Y
- 4.53%
- 3Y*
- 5.26%
- 5Y*
- 0.87%
- 10Y*
- 1.94%
JIGMX vs. WFBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIGMX John Hancock Investment Grade Bond Fund Class R4 | 0.03% | 7.50% | 1.36% | 4.55% | -14.64% | -1.49% | 9.76% | 8.71% | -0.19% | 3.91% |
WFBIX iShares U.S. Aggregate Bond Index Fund | 0.21% | 7.16% | 1.43% | 9.65% | -13.03% | -1.79% | 7.40% | 8.72% | -0.08% | 3.39% |
Correlation
The correlation between JIGMX and WFBIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.92 |
The correlation between JIGMX and WFBIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
JIGMX vs. WFBIX — Risk / Return Rank
JIGMX
WFBIX
JIGMX vs. WFBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Investment Grade Bond Fund Class R4 (JIGMX) and iShares U.S. Aggregate Bond Index Fund (WFBIX). 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.
| JIGMX | WFBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.70 | -0.08 |
| Martin ratioReturn relative to average drawdown | 4.86 | 5.08 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JIGMX | WFBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.30 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.14 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.38 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.94 | -0.55 |
Drawdowns
JIGMX vs. WFBIX - Drawdown Comparison
The maximum JIGMX drawdown since its inception was -19.82%, which is greater than WFBIX's maximum drawdown of -18.68%. Use the drawdown chart below to compare losses from any high point for JIGMX and WFBIX.
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Drawdown Indicators
| JIGMX | WFBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.82% | -18.68% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.02% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.17% | -6.09% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.82% | -17.84% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.82% | -18.68% | -1.14% |
Current DrawdownCurrent decline from peak | -4.25% | -1.71% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -2.26% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.01% | +0.10% |
Volatility
JIGMX vs. WFBIX - Volatility Comparison
John Hancock Investment Grade Bond Fund Class R4 (JIGMX) and iShares U.S. Aggregate Bond Index Fund (WFBIX) have volatilities of 1.33% and 1.31%, 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.
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Volatility by Period
| JIGMX | WFBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.31% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.80% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 3.97% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 6.40% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 5.17% | -0.20% |
JIGMX vs. WFBIX - Expense Ratio Comparison
JIGMX has a 0.64% expense ratio, which is higher than WFBIX's 0.05% expense ratio.
Dividends
JIGMX vs. WFBIX - Dividend Comparison
JIGMX's dividend yield for the trailing twelve months is around 4.17%, more than WFBIX's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIGMX John Hancock Investment Grade Bond Fund Class R4 | 4.17% | 4.10% | 3.82% | 2.43% | 2.57% | 2.34% | 4.61% | 2.92% | 2.92% | 2.77% | 2.83% | 0.00% |
WFBIX iShares U.S. Aggregate Bond Index Fund | 3.91% | 3.78% | 3.68% | 6.82% | 2.60% | 2.04% | 2.43% | 2.88% | 2.71% | 2.24% | 2.25% | 2.20% |
Frequently Asked Questions
With a correlation of 0.95, JIGMX and WFBIX 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.
JIGMX has higher volatility (1.33%) compared to WFBIX (1.31%). In terms of maximum drawdown, JIGMX dropped -19.82% vs WFBIX's -18.68%.
JIGMX currently has the higher Sharpe Ratio (1.32 vs 1.30), 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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