JVMIX vs. SWPPX

Last updated Jun 4, 2026

JVMIX (John Hancock Funds Disciplined Value Mid Cap Fund Class I) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - JVMIX is a Mid Cap Value Equities fund managed by John Hancock, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, JVMIX returned 10.34%/yr vs 15.63%/yr for SWPPX. Their correlation of 0.86 suggests significant overlap in exposure. JVMIX charges 0.87%/yr vs 0.02%/yr for SWPPX.

Performance

JVMIX vs. SWPPX - 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 Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVMIX achieves a 7.14% return, which is significantly lower than SWPPX's 11.69% return. Over the past 10 years, JVMIX has underperformed SWPPX with an annualized return of 10.34%, while SWPPX has yielded a comparatively higher 15.63% annualized return.

JVMIX

• 1D: 0.89%
• 1M: 1.31%
• YTD: 7.14%
• 6M: 5.90%
• 1Y: 15.95%
• 3Y*: 14.65%
• 5Y*: 8.02%
• 10Y*: 10.34%

SWPPX

• 1D: 0.15%
• 1M: 5.83%
• YTD: 11.69%
• 6M: 11.71%
• 1Y: 28.97%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.63%

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

JVMIX vs. SWPPX - 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	7.14%	11.28%	10.46%	16.64%	-7.09%	26.85%	5.90%	30.13%	-14.90%	15.10%
SWPPX Schwab S&P 500 Index Fund	11.69%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%

Correlation

The correlation between JVMIX and SWPPX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 3, 1997	0.86

Over the past year, the correlation between JVMIX and SWPPX has dropped to 0.66 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

JVMIX vs. SWPPX — Risk / Return Rank

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

JVMIX

JVMIX Risk / Return Rank: 24
JVMIX Sharpe Ratio Rank: 22
JVMIX Sortino Ratio Rank: 24
JVMIX Omega Ratio Rank: 20
JVMIX Calmar Ratio Rank: 28
JVMIX Martin Ratio Rank: 26

SWPPX

SWPPX Risk / Return Rank: 73
SWPPX Sharpe Ratio Rank: 75
SWPPX Sortino Ratio Rank: 67
SWPPX Omega Ratio Rank: 67
SWPPX Calmar Ratio Rank: 74
SWPPX Martin Ratio Rank: 83

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. SWPPX - 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 Schwab S&P 500 Index Fund (SWPPX). 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.

	JVMIX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.52	-1.17
Sortino ratio: Return per unit of downside risk	2.03	3.41	-1.38
Omega ratio: Gain probability vs. loss probability	1.24	1.46	-0.22
Calmar ratio: Return relative to maximum drawdown	2.00	3.36	-1.36
Martin ratio: Return relative to average drawdown	6.42	15.67	-9.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JVMIX vs. SWPPX - Sharpe Ratio Comparison

The current JVMIX Sharpe Ratio is 1.34, which is lower than the SWPPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of JVMIX and SWPPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JVMIX	SWPPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	2.52	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.85	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.86	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.51	-0.21

Drawdowns

JVMIX vs. SWPPX - Drawdown Comparison

The maximum JVMIX drawdown since its inception was -67.04%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for JVMIX and SWPPX.

Drawdown Indicators

	JVMIX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-55.06%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-8.89%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-21.13%	-18.74%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-21.13%	-24.51%	+3.38%
Max Drawdown (10Y) Largest decline over 10 years	-42.64%	-33.80%	-8.84%
Current Drawdown Current decline from peak	-1.44%	0.00%	-1.44%
Average Drawdown Average peak-to-trough decline	-13.37%	-9.95%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.90%	+0.76%

Volatility

JVMIX vs. SWPPX - Volatility Comparison

John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a higher volatility of 3.27% compared to Schwab S&P 500 Index Fund (SWPPX) at 2.83%. This indicates that JVMIX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JVMIX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	2.83%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	8.98%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	11.87%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	16.93%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.32%	18.23%	+2.09%

JVMIX vs. SWPPX - Expense Ratio Comparison

JVMIX has a 0.87% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

JVMIX vs. SWPPX - Dividend Comparison

JVMIX's dividend yield for the trailing twelve months is around 8.63%, more than SWPPX's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I	8.63%	9.24%	12.05%	4.02%	5.27%	6.67%	1.13%	2.40%	13.85%	5.94%	1.91%	5.88%
SWPPX Schwab S&P 500 Index Fund	0.99%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%

Frequently Asked Questions

Can I hold both JVMIX and SWPPX in my portfolio?

JVMIX and SWPPX have a correlation of 0.66, 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 SWPPX?

JVMIX has higher volatility (3.27%) compared to SWPPX (2.83%). In terms of maximum drawdown, JVMIX dropped -67.04% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

SWPPX currently has the higher Sharpe Ratio (2.52 vs 1.34), 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.