PZFVX vs. ^GSPC
Compare and contrast key facts about John Hancock Classic Value Fund (PZFVX) and S&P 500 (^GSPC).
PZFVX is managed by John Hancock. It was launched on Jun 24, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PZFVX or ^GSPC.
Key characteristics
| PZFVX | ^GSPC | |
|---|---|---|
| YTD Return | 7.44% | 25.70% |
| 1Y Return | 23.97% | 37.91% |
| 3Y Return (Ann) | 5.12% | 8.59% |
| 5Y Return (Ann) | 8.73% | 14.18% |
| 10Y Return (Ann) | 7.63% | 11.41% |
| Sharpe Ratio | 1.57 | 2.97 |
| Sortino Ratio | 2.38 | 3.97 |
| Omega Ratio | 1.29 | 1.56 |
| Calmar Ratio | 2.17 | 3.93 |
| Martin Ratio | 5.95 | 19.39 |
| Ulcer Index | 3.93% | 1.90% |
| Daily Std Dev | 14.88% | 12.38% |
| Max Drawdown | -72.29% | -56.78% |
| Current Drawdown | -1.58% | 0.00% |
Correlation
The correlation between PZFVX and ^GSPC is 0.82, 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
PZFVX vs. ^GSPC - Performance Comparison
In the year-to-date period, PZFVX achieves a 7.44% return, which is significantly lower than ^GSPC's 25.70% return. Over the past 10 years, PZFVX has underperformed ^GSPC with an annualized return of 7.63%, while ^GSPC has yielded a comparatively higher 11.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PZFVX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Classic Value Fund (PZFVX) and S&P 500 (^GSPC). 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.
Drawdowns
PZFVX vs. ^GSPC - Drawdown Comparison
The maximum PZFVX drawdown since its inception was -72.29%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PZFVX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PZFVX vs. ^GSPC - Volatility Comparison
John Hancock Classic Value Fund (PZFVX) has a higher volatility of 5.95% compared to S&P 500 (^GSPC) at 3.92%. This indicates that PZFVX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.