PCEF vs. SVBAX
Compare and contrast key facts about Invesco CEF Income Composite ETF (PCEF) and John Hancock Balanced Fund (SVBAX).
PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010. SVBAX is managed by John Hancock. It was launched on Oct 4, 1992.
Performance
PCEF vs. SVBAX - Performance Comparison
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PCEF vs. SVBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | -3.43% | 12.59% | 16.70% | 9.39% | -18.66% | 15.38% | 4.61% | 24.08% | -8.88% | 14.48% |
SVBAX John Hancock Balanced Fund | -2.58% | 15.69% | 13.31% | 18.22% | -15.79% | 14.49% | 15.97% | 21.28% | -5.02% | 13.40% |
Returns By Period
In the year-to-date period, PCEF achieves a -3.43% return, which is significantly lower than SVBAX's -2.58% return. Over the past 10 years, PCEF has underperformed SVBAX with an annualized return of 6.84%, while SVBAX has yielded a comparatively higher 8.91% annualized return.
PCEF
- 1D
- 2.51%
- 1M
- -5.48%
- YTD
- -3.43%
- 6M
- -1.94%
- 1Y
- 8.22%
- 3Y*
- 10.45%
- 5Y*
- 4.22%
- 10Y*
- 6.84%
SVBAX
- 1D
- -0.24%
- 1M
- -5.47%
- YTD
- -2.58%
- 6M
- 1.01%
- 1Y
- 14.91%
- 3Y*
- 12.95%
- 5Y*
- 7.35%
- 10Y*
- 8.91%
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PCEF vs. SVBAX - Expense Ratio Comparison
PCEF has a 2.71% expense ratio, which is higher than SVBAX's 1.03% expense ratio.
Return for Risk
PCEF vs. SVBAX — Risk / Return Rank
PCEF
SVBAX
PCEF vs. SVBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) and John Hancock Balanced Fund (SVBAX). 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.
| PCEF | SVBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.38 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.89 | 1.99 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.80 | -1.04 |
Martin ratioReturn relative to average drawdown | 3.65 | 8.90 | -5.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCEF | SVBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.38 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.69 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.83 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.67 | -0.14 |
Correlation
The correlation between PCEF and SVBAX is 0.75, 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.
Dividends
PCEF vs. SVBAX - Dividend Comparison
PCEF's dividend yield for the trailing twelve months is around 8.32%, less than SVBAX's 12.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | 8.32% | 7.96% | 8.79% | 9.86% | 8.93% | 6.67% | 7.54% | 7.12% | 8.21% | 6.96% | 7.72% | 9.18% |
SVBAX John Hancock Balanced Fund | 12.82% | 12.45% | 3.72% | 1.48% | 1.60% | 2.73% | 1.60% | 2.19% | 8.06% | 3.51% | 1.70% | 4.57% |
Drawdowns
PCEF vs. SVBAX - Drawdown Comparison
The maximum PCEF drawdown since its inception was -38.64%, smaller than the maximum SVBAX drawdown of -40.81%. Use the drawdown chart below to compare losses from any high point for PCEF and SVBAX.
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Drawdown Indicators
| PCEF | SVBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -40.81% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -7.73% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | -20.53% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | -21.00% | -17.64% |
Current DrawdownCurrent decline from peak | -6.00% | -5.57% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -5.26% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.56% | +0.74% |
Volatility
PCEF vs. SVBAX - Volatility Comparison
Invesco CEF Income Composite ETF (PCEF) has a higher volatility of 5.03% compared to John Hancock Balanced Fund (SVBAX) at 3.23%. This indicates that PCEF's price experiences larger fluctuations and is considered to be riskier than SVBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCEF | SVBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 3.23% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 6.04% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 11.07% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 10.70% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 10.74% | +2.51% |