JMABX vs. MIFIX
JMABX (John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio) and MIFIX (Miller Intermediate Bond Fund) are both Corporate Bonds funds. Over the past 5 years, JMABX returned 0.95%/yr vs 3.89%/yr for MIFIX. At a 0.23 correlation, their price movements are largely independent. JMABX charges 0.00%/yr vs 0.99%/yr for MIFIX.
Performance
JMABX vs. MIFIX - Performance Comparison
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Returns By Period
In the year-to-date period, JMABX achieves a 0.61% return, which is significantly lower than MIFIX's 4.56% return.
JMABX
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 0.61%
- 6M
- 1.19%
- 1Y
- 6.22%
- 3Y*
- 6.26%
- 5Y*
- 0.95%
- 10Y*
- —
MIFIX
- 1D
- -0.06%
- 1M
- 0.59%
- YTD
- 4.56%
- 6M
- 4.37%
- 1Y
- 9.75%
- 3Y*
- 7.64%
- 5Y*
- 3.89%
- 10Y*
- 5.13%
JMABX vs. MIFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMABX John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio | 0.61% | 8.88% | 4.42% | 8.05% | -15.50% | 0.33% | 7.74% | 2.72% |
MIFIX Miller Intermediate Bond Fund | 4.56% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 3.29% |
Correlation
The correlation between JMABX and MIFIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2019 | 0.23 |
Over the past year, JMABX and MIFIX have become more correlated (0.44) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
JMABX vs. MIFIX — Risk / Return Rank
JMABX
MIFIX
JMABX vs. MIFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (JMABX) and Miller Intermediate Bond Fund (MIFIX). 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.
| JMABX | MIFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.66 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.68 | -1.52 |
| Martin ratioReturn relative to average drawdown | 7.58 | 14.59 | -7.01 |
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Drawdowns
JMABX vs. MIFIX - Drawdown Comparison
The maximum JMABX drawdown since its inception was -21.48%, which is greater than MIFIX's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for JMABX and MIFIX.
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Drawdown Indicators
| JMABX | MIFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -15.58% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -2.68% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.71% | -5.39% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -11.87% | -9.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.58% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.79% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -2.05% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.67% | +0.15% |
Volatility
JMABX vs. MIFIX - Volatility Comparison
John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (JMABX) and Miller Intermediate Bond Fund (MIFIX) have volatilities of 1.14% and 1.12%, 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
| JMABX | MIFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.12% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.28% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 3.07% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.53% | 5.00% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.42% | +0.44% |
JMABX vs. MIFIX - Expense Ratio Comparison
JMABX has a 0.00% expense ratio, which is lower than MIFIX's 0.99% expense ratio.
Dividends
JMABX vs. MIFIX - Dividend Comparison
JMABX's dividend yield for the trailing twelve months is around 5.63%, more than MIFIX's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMABX John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio | 5.63% | 5.59% | 5.26% | 3.59% | 3.28% | 3.99% | 2.74% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
MIFIX Miller Intermediate Bond Fund | 4.41% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
Frequently Asked Questions
JMABX and MIFIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMABX has higher volatility (1.14%) compared to MIFIX (1.12%). In terms of maximum drawdown, JMABX dropped -21.48% vs MIFIX's -15.58%.
MIFIX currently has the higher Sharpe Ratio (3.21 vs 1.75), 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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