PCIEX vs. JIJIX

Last updated Jun 4, 2026

PCIEX (PACE International Equity Investments) and JIJIX (John Hancock International Dynamic Growth Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, PCIEX returned 9.85%/yr vs 11.05%/yr for JIJIX. A 0.74 correlation means they provide meaningful diversification when combined. PCIEX charges 1.33%/yr vs 0.95%/yr for JIJIX.

Performance

PCIEX vs. JIJIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACE International Equity Investments (PCIEX) and John Hancock International Dynamic Growth Fund (JIJIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCIEX achieves a 7.58% return, which is significantly lower than JIJIX's 26.05% return.

PCIEX

• 1D: 0.19%
• 1M: 3.84%
• YTD: 7.58%
• 6M: 9.69%
• 1Y: 22.02%
• 3Y*: 18.59%
• 5Y*: 9.85%
• 10Y*: 10.01%

JIJIX

• 1D: 0.92%
• 1M: 8.42%
• YTD: 26.05%
• 6M: 28.44%
• 1Y: 39.30%
• 3Y*: 27.22%
• 5Y*: 11.05%
• 10Y*: —

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

PCIEX vs. JIJIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PCIEX PACE International Equity Investments	7.58%	35.07%	6.07%	20.38%	-14.16%	12.33%	11.17%	6.95%
JIJIX John Hancock International Dynamic Growth Fund	26.05%	23.10%	24.88%	18.92%	-31.47%	17.94%	36.58%	13.65%

Correlation

The correlation between PCIEX and JIJIX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.74

The correlation between PCIEX and JIJIX shifts across timeframes, from 0.62 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PCIEX vs. JIJIX — Risk / Return Rank

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

PCIEX

PCIEX Risk / Return Rank: 34
PCIEX Sharpe Ratio Rank: 34
PCIEX Sortino Ratio Rank: 33
PCIEX Omega Ratio Rank: 36
PCIEX Calmar Ratio Rank: 31
PCIEX Martin Ratio Rank: 36

JIJIX

JIJIX Risk / Return Rank: 37
JIJIX Sharpe Ratio Rank: 34
JIJIX Sortino Ratio Rank: 31
JIJIX Omega Ratio Rank: 34
JIJIX Calmar Ratio Rank: 42
JIJIX Martin Ratio Rank: 45

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.

PCIEX vs. JIJIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACE International Equity Investments (PCIEX) and John Hancock International Dynamic Growth Fund (JIJIX). 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.

	PCIEX	JIJIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.68	+0.03
Sortino ratio: Return per unit of downside risk	2.39	2.33	+0.06
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	2.09	2.43	-0.34
Martin ratio: Return relative to average drawdown	7.99	9.53	-1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCIEX vs. JIJIX - Sharpe Ratio Comparison

The current PCIEX Sharpe Ratio is 1.70, which is comparable to the JIJIX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of PCIEX and JIJIX, 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

	PCIEX	JIJIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	1.68	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.54	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.74	-0.40

Drawdowns

PCIEX vs. JIJIX - Drawdown Comparison

The maximum PCIEX drawdown since its inception was -61.66%, which is greater than JIJIX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for PCIEX and JIJIX.

Drawdown Indicators

	PCIEX	JIJIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.66%	-41.80%	-19.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-16.01%	+5.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.32%	-18.04%	+2.72%
Max Drawdown (5Y) Largest decline over 5 years	-28.28%	-41.80%	+13.52%
Max Drawdown (10Y) Largest decline over 10 years	-36.04%	—	—
Current Drawdown Current decline from peak	-0.39%	0.00%	-0.39%
Average Drawdown Average peak-to-trough decline	-16.50%	-11.43%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	4.08%	-1.35%

Volatility

PCIEX vs. JIJIX - Volatility Comparison

The current volatility for PACE International Equity Investments (PCIEX) is 3.38%, while John Hancock International Dynamic Growth Fund (JIJIX) has a volatility of 9.86%. This indicates that PCIEX experiences smaller price fluctuations and is considered to be less risky than JIJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCIEX	JIJIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	9.86%	-6.48%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	20.60%	-9.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	23.25%	-9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	20.48%	-3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	22.11%	-5.54%

PCIEX vs. JIJIX - Expense Ratio Comparison

PCIEX has a 1.33% expense ratio, which is higher than JIJIX's 0.95% expense ratio.

Dividends

PCIEX vs. JIJIX - Dividend Comparison

PCIEX's dividend yield for the trailing twelve months is around 11.94%, more than JIJIX's 2.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIJIX John Hancock International Dynamic Growth Fund	2.33%	2.94%	0.13%	0.22%	0.79%	30.17%	5.62%	0.20%	0.00%	0.00%	0.00%	0.00%
PCIEX PACE International Equity Investments	11.94%	12.85%	13.58%	4.22%	3.30%	8.10%	1.35%	2.77%	8.79%	2.13%	2.34%	1.74%

Frequently Asked Questions

Can I hold both PCIEX and JIJIX in my portfolio?

PCIEX and JIJIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCIEX or JIJIX?

JIJIX has higher volatility (9.86%) compared to PCIEX (3.38%). In terms of maximum drawdown, PCIEX dropped -61.66% vs JIJIX's -41.80%.

Which has better risk-adjusted returns?

PCIEX currently has the higher Sharpe Ratio (1.70 vs 1.68), 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.