JLBAX vs. JHNBX
JLBAX (John Hancock Funds II Multimanager 2015 Lifetime Portfolio) and JHNBX (John Hancock Bond Fund) are both mutual funds - JLBAX is a Target Retirement Date fund managed by John Hancock, while JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock. Over the past 10 years, JLBAX returned 6.07%/yr vs 2.19%/yr for JHNBX. At a 0.12 correlation, their price movements are largely independent. JLBAX charges 0.42%/yr vs 0.76%/yr for JHNBX.
Performance
JLBAX vs. JHNBX - Performance Comparison
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Returns By Period
In the year-to-date period, JLBAX achieves a 4.45% return, which is significantly higher than JHNBX's 0.25% return. Over the past 10 years, JLBAX has outperformed JHNBX with an annualized return of 6.07%, while JHNBX has yielded a comparatively lower 2.19% annualized return.
JLBAX
- 1D
- -0.72%
- 1M
- 0.24%
- YTD
- 4.45%
- 6M
- 4.10%
- 1Y
- 11.10%
- 3Y*
- 9.47%
- 5Y*
- 3.92%
- 10Y*
- 6.07%
JHNBX
- 1D
- 0.07%
- 1M
- 0.80%
- YTD
- 0.25%
- 6M
- 0.53%
- 1Y
- 4.54%
- 3Y*
- 4.43%
- 5Y*
- -0.08%
- 10Y*
- 2.19%
JLBAX vs. JHNBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLBAX John Hancock Funds II Multimanager 2015 Lifetime Portfolio | 4.45% | 11.60% | 6.41% | 10.55% | -13.60% | 8.28% | 11.56% | 15.93% | -4.97% | 8.47% |
JHNBX John Hancock Bond Fund | 0.25% | 7.53% | 1.97% | 6.24% | -15.22% | -0.68% | 10.31% | 10.09% | -1.15% | 4.94% |
Correlation
The correlation between JLBAX and JHNBX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2006 | 0.12 |
Over the past year, JLBAX and JHNBX have become more correlated (0.60) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
JLBAX vs. JHNBX — Risk / Return Rank
JLBAX
JHNBX
JLBAX vs. JHNBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2015 Lifetime Portfolio (JLBAX) and John Hancock Bond Fund (JHNBX). 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.
| JLBAX | JHNBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.50 | +1.08 |
| Martin ratioReturn relative to average drawdown | 11.21 | 4.31 | +6.90 |
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Drawdowns
JLBAX vs. JHNBX - Drawdown Comparison
The maximum JLBAX drawdown since its inception was -47.29%, which is greater than JHNBX's maximum drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for JLBAX and JHNBX.
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Drawdown Indicators
| JLBAX | JHNBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.29% | -24.74% | -22.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -3.25% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.54% | -6.69% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -20.13% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -20.07% | -20.13% | +0.06% |
Current DrawdownCurrent decline from peak | -0.96% | -2.14% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -4.14% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.13% | -0.09% |
Volatility
JLBAX vs. JHNBX - Volatility Comparison
John Hancock Funds II Multimanager 2015 Lifetime Portfolio (JLBAX) has a higher volatility of 2.48% compared to John Hancock Bond Fund (JHNBX) at 1.23%. This indicates that JLBAX's price experiences larger fluctuations and is considered to be riskier than JHNBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLBAX | JHNBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.23% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 3.02% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 3.96% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 5.88% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 4.93% | +2.81% |
JLBAX vs. JHNBX - Expense Ratio Comparison
JLBAX has a 0.42% expense ratio, which is lower than JHNBX's 0.76% expense ratio.
Dividends
JLBAX vs. JHNBX - Dividend Comparison
JLBAX's dividend yield for the trailing twelve months is around 6.37%, more than JHNBX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHNBX John Hancock Bond Fund | 4.48% | 4.41% | 4.14% | 3.80% | 2.93% | 3.30% | 5.50% | 3.75% | 3.51% | 3.23% | 3.19% | 3.48% |
JLBAX John Hancock Funds II Multimanager 2015 Lifetime Portfolio | 6.37% | 6.65% | 3.59% | 3.45% | 13.16% | 9.37% | 7.58% | 9.31% | 10.96% | 5.69% | 7.62% | 9.15% |
Frequently Asked Questions
JLBAX and JHNBX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JLBAX has higher volatility (2.48%) compared to JHNBX (1.23%). In terms of maximum drawdown, JLBAX dropped -47.29% vs JHNBX's -24.74%.
JLBAX currently has the higher Sharpe Ratio (2.02 vs 1.23), 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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