PZFVX vs. IVV
PZFVX (John Hancock Classic Value Fund) and IVV (iShares Core S&P 500 ETF) are both funds - PZFVX is a Large Cap Value Equities fund managed by John Hancock, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PZFVX returned 9.45%/yr vs 15.54%/yr for IVV. Their correlation of 0.83 suggests significant overlap in exposure. PZFVX charges 1.12%/yr vs 0.03%/yr for IVV.
Performance
PZFVX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, PZFVX achieves a 5.16% return, which is significantly lower than IVV's 10.85% return. Over the past 10 years, PZFVX has underperformed IVV with an annualized return of 9.45%, while IVV has yielded a comparatively higher 15.54% annualized return.
PZFVX
- 1D
- 0.15%
- 1M
- 5.05%
- YTD
- 5.16%
- 6M
- 8.51%
- 1Y
- 15.04%
- 3Y*
- 11.89%
- 5Y*
- 6.37%
- 10Y*
- 9.45%
IVV
- 1D
- -0.76%
- 1M
- 4.97%
- YTD
- 10.85%
- 6M
- 10.87%
- 1Y
- 28.00%
- 3Y*
- 22.43%
- 5Y*
- 13.88%
- 10Y*
- 15.54%
PZFVX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZFVX John Hancock Classic Value Fund | 5.16% | 12.09% | 4.48% | 18.69% | -7.11% | 28.27% | -2.70% | 24.79% | -16.94% | 16.47% |
IVV iShares Core S&P 500 ETF | 10.85% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between PZFVX and IVV is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.83 |
Over the past year, the correlation between PZFVX and IVV has dropped to 0.63 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
PZFVX vs. IVV — Risk / Return Rank
PZFVX
IVV
PZFVX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Classic Value Fund (PZFVX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.17 | -1.75 |
| Martin ratioReturn relative to average drawdown | 4.17 | 14.71 | -10.54 |
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
| PZFVX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.39 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.83 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.86 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.45 | -0.16 |
Drawdowns
PZFVX vs. IVV - Drawdown Comparison
The maximum PZFVX drawdown since its inception was -72.29%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PZFVX and IVV.
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Drawdown Indicators
| PZFVX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.29% | -55.25% | -17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -8.89% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -40.35% | -18.75% | -21.60% |
Max Drawdown (5Y)Largest decline over 5 years | -40.35% | -24.53% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -51.82% | -33.90% | -17.92% |
Current DrawdownCurrent decline from peak | -20.99% | -0.76% | -20.23% |
Average DrawdownAverage peak-to-trough decline | -14.59% | -10.78% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 1.91% | +2.13% |
Volatility
PZFVX vs. IVV - Volatility Comparison
John Hancock Classic Value Fund (PZFVX) has a higher volatility of 3.29% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that PZFVX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZFVX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 2.87% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.48% | 8.90% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 11.80% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 16.88% | +16.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.58% | 18.05% | +12.53% |
PZFVX vs. IVV - Expense Ratio Comparison
PZFVX has a 1.12% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
PZFVX vs. IVV - Dividend Comparison
PZFVX's dividend yield for the trailing twelve months is around 34.41%, more than IVV's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
PZFVX John Hancock Classic Value Fund | 34.41% | 36.18% | 52.58% | 6.33% | 19.26% | 0.58% | 1.29% | 4.56% | 2.43% | 0.95% | 1.78% | 1.41% |
Frequently Asked Questions
PZFVX and IVV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZFVX has higher volatility (3.29%) compared to IVV (2.87%). In terms of maximum drawdown, PZFVX dropped -72.29% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (2.39 vs 1.07), 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.
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