JIJIX vs. CIGIX

Last updated Jun 5, 2026

JIJIX (John Hancock International Dynamic Growth Fund) and CIGIX (Calamos International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, JIJIX returned 10.68%/yr vs 4.58%/yr for CIGIX. Their correlation of 0.92 suggests significant overlap in exposure. JIJIX charges 0.95%/yr vs 0.85%/yr for CIGIX.

Performance

JIJIX vs. CIGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock International Dynamic Growth Fund (JIJIX) and Calamos International Growth Fund (CIGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIJIX achieves a 25.73% return, which is significantly lower than CIGIX's 33.67% return.

JIJIX

• 1D: -0.25%
• 1M: 5.94%
• YTD: 25.73%
• 6M: 27.80%
• 1Y: 38.01%
• 3Y*: 27.11%
• 5Y*: 10.68%
• 10Y*: —

CIGIX

• 1D: -0.65%
• 1M: 10.79%
• YTD: 33.67%
• 6M: 36.88%
• 1Y: 46.35%
• 3Y*: 25.42%
• 5Y*: 4.58%
• 10Y*: 10.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JIJIX vs. CIGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JIJIX John Hancock International Dynamic Growth Fund	25.73%	23.10%	24.88%	18.92%	-31.47%	17.94%	36.58%	13.65%
CIGIX Calamos International Growth Fund	33.67%	23.11%	12.51%	15.33%	-30.54%	-8.98%	44.95%	13.02%

Correlation

The correlation between JIJIX and CIGIX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.92

The correlation between JIJIX and CIGIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

JIJIX vs. CIGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JIJIX

JIJIX Risk / Return Rank: 38
JIJIX Sharpe Ratio Rank: 35
JIJIX Sortino Ratio Rank: 32
JIJIX Omega Ratio Rank: 35
JIJIX Calmar Ratio Rank: 42
JIJIX Martin Ratio Rank: 46

CIGIX

CIGIX Risk / Return Rank: 53
CIGIX Sharpe Ratio Rank: 51
CIGIX Sortino Ratio Rank: 47
CIGIX Omega Ratio Rank: 48
CIGIX Calmar Ratio Rank: 63
CIGIX Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JIJIX vs. CIGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock International Dynamic Growth Fund (JIJIX) and Calamos International Growth Fund (CIGIX). 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.

	JIJIX	CIGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.08	-0.40
Sortino ratio: Return per unit of downside risk	2.34	2.82	-0.48
Omega ratio: Gain probability vs. loss probability	1.31	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	2.44	2.99	-0.54
Martin ratio: Return relative to average drawdown	9.58	11.07	-1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIJIX vs. CIGIX - Sharpe Ratio Comparison

The current JIJIX Sharpe Ratio is 1.69, which is comparable to the CIGIX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of JIJIX and CIGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JIJIX	CIGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.08	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.22	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.38	+0.35

Drawdowns

JIJIX vs. CIGIX - Drawdown Comparison

The maximum JIJIX drawdown since its inception was -41.80%, smaller than the maximum CIGIX drawdown of -64.46%. Use the drawdown chart below to compare losses from any high point for JIJIX and CIGIX.

Drawdown Indicators

	JIJIX	CIGIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.80%	-64.46%	+22.66%
Max Drawdown (1Y) Largest decline over 1 year	-16.01%	-15.88%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	-19.38%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-41.80%	-50.15%	+8.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.15%	—
Current Drawdown Current decline from peak	-0.25%	-0.65%	+0.40%
Average Drawdown Average peak-to-trough decline	-11.42%	-15.29%	+3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	4.28%	-0.20%

Volatility

JIJIX vs. CIGIX - Volatility Comparison

John Hancock International Dynamic Growth Fund (JIJIX) and Calamos International Growth Fund (CIGIX) have volatilities of 9.86% and 9.60%, 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.

Volatility by Period

	JIJIX	CIGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.86%	9.60%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	20.56%	19.69%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	22.80%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	21.06%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	19.98%	+2.12%

JIJIX vs. CIGIX - Expense Ratio Comparison

JIJIX has a 0.95% expense ratio, which is higher than CIGIX's 0.85% expense ratio.

Dividends

JIJIX vs. CIGIX - Dividend Comparison

JIJIX's dividend yield for the trailing twelve months is around 2.34%, less than CIGIX's 10.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIGIX Calamos International Growth Fund	10.09%	13.49%	4.54%	0.28%	0.00%	0.33%	5.42%	0.00%	13.25%	3.76%	0.00%	0.13%
JIJIX John Hancock International Dynamic Growth Fund	2.34%	2.94%	0.13%	0.22%	0.79%	30.17%	5.62%	0.20%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIJIX and CIGIX in my portfolio?

With a correlation of 0.96, JIJIX and CIGIX 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.

Which is riskier, JIJIX or CIGIX?

JIJIX has higher volatility (9.86%) compared to CIGIX (9.60%). In terms of maximum drawdown, JIJIX dropped -41.80% vs CIGIX's -64.46%.

Which has better risk-adjusted returns?

CIGIX currently has the higher Sharpe Ratio (2.08 vs 1.69), 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.