JVMIX vs. SPY
Compare and contrast key facts about John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) and SPDR S&P 500 ETF (SPY).
JVMIX is managed by John Hancock. It was launched on Jun 2, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JVMIX or SPY.
Correlation
The correlation between JVMIX and SPY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JVMIX vs. SPY - Performance Comparison
Key characteristics
JVMIX:
-0.01
SPY:
2.21
JVMIX:
0.09
SPY:
2.93
JVMIX:
1.01
SPY:
1.41
JVMIX:
-0.01
SPY:
3.26
JVMIX:
-0.07
SPY:
14.40
JVMIX:
3.15%
SPY:
1.90%
JVMIX:
16.96%
SPY:
12.44%
JVMIX:
-66.36%
SPY:
-55.19%
JVMIX:
-16.37%
SPY:
-1.83%
Returns By Period
In the year-to-date period, JVMIX achieves a -0.55% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, JVMIX has underperformed SPY with an annualized return of 8.02%, while SPY has yielded a comparatively higher 13.04% annualized return.
JVMIX
-0.55%
-15.60%
-4.73%
-0.22%
7.69%
8.02%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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JVMIX vs. SPY - Expense Ratio Comparison
JVMIX has a 0.87% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JVMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
JVMIX vs. SPY - Dividend Comparison
JVMIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 0.00% | 0.95% | 1.03% | 0.51% | 0.80% | 0.86% | 1.04% | 0.52% | 0.91% | 0.61% | 0.53% | 0.45% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
JVMIX vs. SPY - Drawdown Comparison
The maximum JVMIX drawdown since its inception was -66.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JVMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
JVMIX vs. SPY - Volatility Comparison
John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a higher volatility of 11.68% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that JVMIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.