JVMIX vs. IVOIX

Last updated Jun 24, 2026

JVMIX (John Hancock Funds Disciplined Value Mid Cap Fund Class I) and IVOIX (Delaware Ivy Mid Cap Income Opportunities Fund) are both Mid Cap Value Equities funds. Over the past 10 years, JVMIX returned 10.99%/yr vs 10.26%/yr for IVOIX. Their correlation of 0.93 suggests significant overlap in exposure. JVMIX charges 0.87%/yr vs 0.83%/yr for IVOIX.

Performance

JVMIX vs. IVOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVMIX achieves a 9.21% return, which is significantly higher than IVOIX's 7.38% return. Over the past 10 years, JVMIX has outperformed IVOIX with an annualized return of 10.99%, while IVOIX has yielded a comparatively lower 10.26% annualized return.

JVMIX

• 1D: 0.33%
• 1M: 2.81%
• YTD: 9.21%
• 6M: 7.80%
• 1Y: 16.52%
• 3Y*: 14.87%
• 5Y*: 9.16%
• 10Y*: 10.99%

IVOIX

• 1D: -0.98%
• 1M: 1.51%
• YTD: 7.38%
• 6M: 5.95%
• 1Y: 12.33%
• 3Y*: 12.29%
• 5Y*: 7.18%
• 10Y*: 10.26%

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

JVMIX vs. IVOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I	9.21%	11.28%	10.46%	16.64%	-7.09%	26.85%	5.90%	30.13%	-14.90%	15.10%
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund	7.38%	8.91%	9.08%	17.95%	-14.67%	25.76%	8.17%	26.84%	-4.27%	12.28%

Correlation

The correlation between JVMIX and IVOIX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.93

The correlation between JVMIX and IVOIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

JVMIX vs. IVOIX — Risk / Return Rank

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

JVMIX

JVMIX Risk / Return Rank: 28
JVMIX Sharpe Ratio Rank: 26
JVMIX Sortino Ratio Rank: 28
JVMIX Omega Ratio Rank: 24
JVMIX Calmar Ratio Rank: 33
JVMIX Martin Ratio Rank: 30

IVOIX

IVOIX Risk / Return Rank: 16
IVOIX Sharpe Ratio Rank: 16
IVOIX Sortino Ratio Rank: 17
IVOIX Omega Ratio Rank: 15
IVOIX Calmar Ratio Rank: 18
IVOIX Martin Ratio Rank: 16

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.

JVMIX vs. IVOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX). 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.

	JVMIX	IVOIX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.04	+0.30
Sortino ratio: Return per unit of downside risk	2.03	1.58	+0.46
Omega ratio: Gain probability vs. loss probability	1.24	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	2.04	1.45	+0.59
Martin ratio: Return relative to average drawdown	6.54	4.10	+2.44

JVMIX vs. IVOIX - Sharpe Ratio Comparison

The current JVMIX Sharpe Ratio is 1.35, which is comparable to the IVOIX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of JVMIX and IVOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JVMIX vs. IVOIX - Drawdown Comparison

The maximum JVMIX drawdown since its inception was -67.04%, which is greater than IVOIX's maximum drawdown of -41.17%. Use the drawdown chart below to compare losses from any high point for JVMIX and IVOIX.

Drawdown Indicators

	JVMIX	IVOIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-41.17%	-25.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-9.50%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-21.13%	-19.75%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-21.13%	-21.87%	+0.74%
Max Drawdown (10Y) Largest decline over 10 years	-42.64%	-41.17%	-1.47%
Current Drawdown Current decline from peak	-0.96%	-1.67%	+0.71%
Average Drawdown Average peak-to-trough decline	-13.34%	-4.96%	-8.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.34%	-0.67%

Volatility

JVMIX vs. IVOIX - Volatility Comparison

John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) and Delaware Ivy Mid Cap Income Opportunities Fund (IVOIX) have volatilities of 3.46% and 3.60%, 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

	JVMIX	IVOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	3.60%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	9.89%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	13.16%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	17.41%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.33%	19.04%	+1.29%

JVMIX vs. IVOIX - Expense Ratio Comparison

JVMIX has a 0.87% expense ratio, which is higher than IVOIX's 0.83% expense ratio.

Dividends

JVMIX vs. IVOIX - Dividend Comparison

JVMIX's dividend yield for the trailing twelve months is around 8.46%, less than IVOIX's 14.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOIX Delaware Ivy Mid Cap Income Opportunities Fund	14.17%	15.79%	11.69%	5.43%	4.44%	3.50%	1.75%	2.05%	4.31%	1.42%	1.10%	2.10%
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I	8.46%	9.24%	12.05%	4.02%	5.27%	6.67%	1.13%	2.40%	13.85%	5.94%	1.91%	5.88%

Frequently Asked Questions

Can I hold both JVMIX and IVOIX in my portfolio?

JVMIX and IVOIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVMIX or IVOIX?

IVOIX has higher volatility (3.60%) compared to JVMIX (3.46%). In terms of maximum drawdown, JVMIX dropped -67.04% vs IVOIX's -41.17%.

Which has better risk-adjusted returns?

JVMIX currently has the higher Sharpe Ratio (1.35 vs 1.04), 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.