Correlation
The correlation between PZFVX and IVV is 0.84, 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.
PZFVX vs. IVV
Compare and contrast key facts about John Hancock Classic Value Fund (PZFVX) and iShares Core S&P 500 ETF (IVV).
PZFVX is managed by John Hancock. It was launched on Jun 24, 1996. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PZFVX or IVV.
Performance
PZFVX vs. IVV - Performance Comparison
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Key characteristics
PZFVX:
0.30
IVV:
0.73
PZFVX:
0.52
IVV:
1.03
PZFVX:
1.07
IVV:
1.15
PZFVX:
0.30
IVV:
0.68
PZFVX:
1.02
IVV:
2.57
PZFVX:
5.21%
IVV:
4.93%
PZFVX:
20.35%
IVV:
19.71%
PZFVX:
-72.29%
IVV:
-55.25%
PZFVX:
-6.22%
IVV:
-3.55%
Returns By Period
In the year-to-date period, PZFVX achieves a 1.27% return, which is significantly higher than IVV's 0.90% return. Over the past 10 years, PZFVX has underperformed IVV with an annualized return of 6.96%, while IVV has yielded a comparatively higher 12.79% annualized return.
PZFVX
1.27%
3.79%
-4.24%
3.86%
4.80%
15.95%
6.96%
IVV
0.90%
5.53%
-1.49%
13.25%
14.30%
15.90%
12.79%
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PZFVX vs. IVV - Expense Ratio Comparison
PZFVX has a 1.12% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
PZFVX vs. IVV — Risk-Adjusted Performance Rank
PZFVX
IVV
PZFVX vs. IVV - Risk-Adjusted Performance 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.
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Dividends
PZFVX vs. IVV - Dividend Comparison
PZFVX's dividend yield for the trailing twelve months is around 51.92%, more than IVV's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZFVX John Hancock Classic Value Fund | 51.92% | 52.58% | 6.33% | 19.26% | 0.58% | 1.29% | 4.56% | 2.43% | 0.95% | 1.78% | 1.41% | 0.83% |
IVV iShares Core S&P 500 ETF | 1.31% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
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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Volatility
PZFVX vs. IVV - Volatility Comparison
John Hancock Classic Value Fund (PZFVX) has a higher volatility of 5.33% compared to iShares Core S&P 500 ETF (IVV) at 4.82%. 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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