PZFVX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about John Hancock Classic Value Fund (PZFVX) and S&P 500 Index (^GSPC).

PZFVX is managed by John Hancock. It was launched on Jun 24, 1996.

Performance

PZFVX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Classic Value Fund (PZFVX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PZFVX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PZFVX John Hancock Classic Value Fund	-5.68%	12.09%	4.48%	18.69%	-7.11%	28.27%	-2.70%	24.79%	-16.94%	16.47%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, PZFVX achieves a -5.68% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, PZFVX has underperformed ^GSPC with an annualized return of 8.51%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

PZFVX

• 1D: 2.70%
• 1M: -5.14%
• YTD: -5.68%
• 6M: -1.40%
• 1Y: 3.61%
• 3Y*: 7.60%
• 5Y*: 5.94%
• 10Y*: 8.51%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PZFVX vs. ^GSPC — Risk / Return Rank

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

PZFVX

PZFVX Risk / Return Rank: 8
PZFVX Sharpe Ratio Rank: 6
PZFVX Sortino Ratio Rank: 7
PZFVX Omega Ratio Rank: 6
PZFVX Calmar Ratio Rank: 9
PZFVX Martin Ratio Rank: 9

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

PZFVX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Classic Value Fund (PZFVX) and S&P 500 Index (^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.

	PZFVX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.16	0.92	-0.75
Sortino ratio Return per unit of downside risk	0.38	1.41	-1.04
Omega ratio Gain probability vs. loss probability	1.05	1.21	-0.17
Calmar ratio Return relative to maximum drawdown	0.32	1.41	-1.09
Martin ratio Return relative to average drawdown	0.97	6.61	-5.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PZFVX vs. ^GSPC - Sharpe Ratio Comparison

The current PZFVX Sharpe Ratio is 0.16, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PZFVX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PZFVX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.92	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.61	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.68	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.46	-0.18

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.

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.

Drawdown Indicators

	PZFVX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-72.29%	-56.78%	-15.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.57%	-12.14%	-1.43%
Max Drawdown (5Y) Largest decline over 5 years	-40.35%	-25.43%	-14.92%
Max Drawdown (10Y) Largest decline over 10 years	-51.82%	-33.92%	-17.90%
Current Drawdown Current decline from peak	-29.14%	-5.78%	-23.36%
Average Drawdown Average peak-to-trough decline	-14.54%	-10.75%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	2.60%	+1.91%

Volatility

PZFVX vs. ^GSPC - Volatility Comparison

John Hancock Classic Value Fund (PZFVX) has a higher volatility of 5.71% compared to S&P 500 Index (^GSPC) at 5.37%. 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.

Volatility by Period

	PZFVX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	5.37%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	9.55%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	18.33%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.90%	16.90%	+17.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.60%	18.05%	+12.55%