JMABX vs. PIGIX
JMABX (John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio) and PIGIX (PIMCO Investment Grade Credit Bond Fund) are both Corporate Bonds funds. Over the past 5 years, JMABX returned 0.95%/yr vs 0.33%/yr for PIGIX. Their correlation of 0.94 suggests significant overlap in exposure. JMABX charges 0.00%/yr vs 0.51%/yr for PIGIX.
Performance
JMABX vs. PIGIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JMABX having a 0.61% return and PIGIX slightly higher at 0.62%.
JMABX
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 0.61%
- 6M
- 1.19%
- 1Y
- 6.22%
- 3Y*
- 6.26%
- 5Y*
- 0.95%
- 10Y*
- —
PIGIX
- 1D
- 0.33%
- 1M
- 1.21%
- YTD
- 0.62%
- 6M
- 1.15%
- 1Y
- 6.00%
- 3Y*
- 5.63%
- 5Y*
- 0.33%
- 10Y*
- 2.85%
JMABX vs. PIGIX - 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% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 0.62% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 4.40% |
Correlation
The correlation between JMABX and PIGIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2019 | 0.94 |
The correlation between JMABX and PIGIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
JMABX vs. PIGIX — Risk / Return Rank
JMABX
PIGIX
JMABX vs. PIGIX - 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 PIMCO Investment Grade Credit Bond Fund (PIGIX). 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 | PIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.52 | +0.64 |
| Martin ratioReturn relative to average drawdown | 7.58 | 4.79 | +2.79 |
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Drawdowns
JMABX vs. PIGIX - Drawdown Comparison
The maximum JMABX drawdown since its inception was -21.48%, smaller than the maximum PIGIX drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for JMABX and PIGIX.
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Drawdown Indicators
| JMABX | PIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -23.09% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.98% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.71% | -6.59% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -23.09% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.09% | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.24% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -3.06% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.26% | -0.44% |
Volatility
JMABX vs. PIGIX - Volatility Comparison
The current volatility for John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (JMABX) is 1.14%, while PIMCO Investment Grade Credit Bond Fund (PIGIX) has a volatility of 1.47%. This indicates that JMABX experiences smaller price fluctuations and is considered to be less risky than PIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMABX | PIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.47% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 3.70% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 4.69% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.53% | 6.42% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.81% | +0.05% |
JMABX vs. PIGIX - Expense Ratio Comparison
JMABX has a 0.00% expense ratio, which is lower than PIGIX's 0.51% expense ratio.
Dividends
JMABX vs. PIGIX - Dividend Comparison
JMABX's dividend yield for the trailing twelve months is around 5.63%, more than PIGIX's 4.86% 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% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.86% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
Frequently Asked Questions
With a correlation of 0.93, JMABX and PIGIX 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.
PIGIX has higher volatility (1.47%) compared to JMABX (1.14%). In terms of maximum drawdown, JMABX dropped -21.48% vs PIGIX's -23.09%.
JMABX currently has the higher Sharpe Ratio (1.75 vs 1.29), 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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