PRSNX vs. JIGDX

Last updated Jun 24, 2026

PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) and JIGDX (John Hancock Opportunistic Fixed Income Fund) are both Global Bonds funds. Over the past 10 years, PRSNX returned 3.87%/yr vs 2.04%/yr for JIGDX. At a 0.49 correlation, their price movements are largely independent. PRSNX charges 0.65%/yr vs 0.85%/yr for JIGDX.

Performance

PRSNX vs. JIGDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and John Hancock Opportunistic Fixed Income Fund (JIGDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRSNX achieves a 1.72% return, which is significantly higher than JIGDX's 1.41% return. Over the past 10 years, PRSNX has outperformed JIGDX with an annualized return of 3.87%, while JIGDX has yielded a comparatively lower 2.04% annualized return.

PRSNX

• 1D: -0.20%
• 1M: 0.69%
• YTD: 1.72%
• 6M: 3.14%
• 1Y: 7.41%
• 3Y*: 8.03%
• 5Y*: 2.13%
• 10Y*: 3.87%

JIGDX

• 1D: -0.24%
• 1M: 1.47%
• YTD: 1.41%
• 6M: 1.57%
• 1Y: 4.30%
• 3Y*: 4.67%
• 5Y*: 0.99%
• 10Y*: 2.04%

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

PRSNX vs. JIGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRSNX T. Rowe Price Global Multi-Sector Bond Fund	1.72%	9.31%	5.60%	12.77%	-16.27%	0.40%	8.16%	11.94%	0.45%	6.47%
JIGDX John Hancock Opportunistic Fixed Income Fund	1.41%	8.33%	0.42%	8.15%	-10.84%	-1.89%	11.65%	6.77%	-1.71%	8.54%

Correlation

The correlation between PRSNX and JIGDX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008	0.49

The correlation between PRSNX and JIGDX shifts across timeframes, from 0.49 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PRSNX vs. JIGDX — Risk / Return Rank

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

PRSNX

PRSNX Risk / Return Rank: 89
PRSNX Sharpe Ratio Rank: 88
PRSNX Sortino Ratio Rank: 95
PRSNX Omega Ratio Rank: 92
PRSNX Calmar Ratio Rank: 81
PRSNX Martin Ratio Rank: 88

JIGDX

JIGDX Risk / Return Rank: 32
JIGDX Sharpe Ratio Rank: 29
JIGDX Sortino Ratio Rank: 31
JIGDX Omega Ratio Rank: 33
JIGDX Calmar Ratio Rank: 39
JIGDX Martin Ratio Rank: 28

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.

PRSNX vs. JIGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and John Hancock Opportunistic Fixed Income Fund (JIGDX). 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.

	PRSNX	JIGDX	Difference
Sharpe ratio: Return per unit of total volatility	2.67	1.43	+1.24
Sortino ratio: Return per unit of downside risk	4.81	2.14	+2.66
Omega ratio: Gain probability vs. loss probability	1.65	1.28	+0.37
Calmar ratio: Return relative to maximum drawdown	3.50	2.25	+1.25
Martin ratio: Return relative to average drawdown	15.65	6.18	+9.47

PRSNX vs. JIGDX - Sharpe Ratio Comparison

The current PRSNX Sharpe Ratio is 2.67, which is higher than the JIGDX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of PRSNX and JIGDX, 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

PRSNX vs. JIGDX - Drawdown Comparison

The maximum PRSNX drawdown since its inception was -19.70%, roughly equal to the maximum JIGDX drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for PRSNX and JIGDX.

Drawdown Indicators

	PRSNX	JIGDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-20.55%	+0.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.18%	-2.63%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-2.87%	-5.19%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-19.70%	-19.23%	-0.47%
Max Drawdown (10Y) Largest decline over 10 years	-19.70%	-19.23%	-0.47%
Current Drawdown Current decline from peak	-0.20%	-0.56%	+0.36%
Average Drawdown Average peak-to-trough decline	-2.35%	-4.30%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.97%	-0.49%

Volatility

PRSNX vs. JIGDX - Volatility Comparison

The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 0.72%, while John Hancock Opportunistic Fixed Income Fund (JIGDX) has a volatility of 1.32%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than JIGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRSNX	JIGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	1.32%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	3.16%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	2.86%	4.15%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	5.09%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.13%	4.98%	-0.85%

PRSNX vs. JIGDX - Expense Ratio Comparison

PRSNX has a 0.65% expense ratio, which is lower than JIGDX's 0.85% expense ratio.

Dividends

PRSNX vs. JIGDX - Dividend Comparison

PRSNX's dividend yield for the trailing twelve months is around 6.64%, more than JIGDX's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIGDX John Hancock Opportunistic Fixed Income Fund	1.75%	3.38%	2.32%	0.40%	5.52%	1.24%	5.15%	3.58%	1.36%	0.00%	0.37%	0.02%
PRSNX T. Rowe Price Global Multi-Sector Bond Fund	6.64%	7.87%	6.36%	5.08%	3.30%	3.95%	3.68%	6.33%	4.89%	3.59%	3.44%	3.60%

Frequently Asked Questions

Can I hold both PRSNX and JIGDX in my portfolio?

PRSNX and JIGDX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRSNX or JIGDX?

JIGDX has higher volatility (1.32%) compared to PRSNX (0.72%). In terms of maximum drawdown, PRSNX dropped -19.70% vs JIGDX's -20.55%.

Which has better risk-adjusted returns?

PRSNX currently has the higher Sharpe Ratio (2.67 vs 1.43), 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.