PZFVX vs. TILVX

Last updated Jun 26, 2026

PZFVX (John Hancock Classic Value Fund) and TILVX (TIAA-CREF Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 10 years, PZFVX returned 10.05%/yr vs 11.48%/yr for TILVX. Their correlation of 0.92 suggests significant overlap in exposure. PZFVX charges 1.12%/yr vs 0.05%/yr for TILVX.

Performance

PZFVX vs. TILVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Classic Value Fund (PZFVX) and TIAA-CREF Large-Cap Value Index Fund (TILVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PZFVX achieves a 5.93% return, which is significantly lower than TILVX's 15.48% return. Over the past 10 years, PZFVX has underperformed TILVX with an annualized return of 10.05%, while TILVX has yielded a comparatively higher 11.48% annualized return.

PZFVX

• 1D: 0.15%
• 1M: 1.68%
• YTD: 5.93%
• 6M: 4.43%
• 1Y: 14.55%
• 3Y*: 11.98%
• 5Y*: 7.26%
• 10Y*: 10.05%

TILVX

• 1D: 0.06%
• 1M: 1.51%
• YTD: 15.48%
• 6M: 14.25%
• 1Y: 28.07%
• 3Y*: 18.56%
• 5Y*: 10.88%
• 10Y*: 11.48%

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

PZFVX vs. TILVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PZFVX John Hancock Classic Value Fund	5.93%	12.09%	4.48%	18.69%	-7.11%	28.27%	-2.70%	24.79%	-16.94%	16.47%
TILVX TIAA-CREF Large-Cap Value Index Fund	15.48%	15.81%	14.26%	11.49%	-7.57%	25.05%	2.90%	26.48%	-8.38%	10.93%

Correlation

The correlation between PZFVX and TILVX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002	0.92

The correlation between PZFVX and TILVX shifts across timeframes, from 0.82 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PZFVX vs. TILVX — Risk / Return Rank

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

PZFVX

PZFVX Risk / Return Rank: 16
PZFVX Sharpe Ratio Rank: 16
PZFVX Sortino Ratio Rank: 17
PZFVX Omega Ratio Rank: 15
PZFVX Calmar Ratio Rank: 17
PZFVX Martin Ratio Rank: 16

TILVX

TILVX Risk / Return Rank: 86
TILVX Sharpe Ratio Rank: 86
TILVX Sortino Ratio Rank: 84
TILVX Omega Ratio Rank: 80
TILVX Calmar Ratio Rank: 90
TILVX Martin Ratio Rank: 93

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. TILVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Classic Value Fund (PZFVX) and TIAA-CREF Large-Cap Value Index Fund (TILVX). 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.

	PZFVX	TILVX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.44	-1.55
Sortino ratio: Return per unit of downside risk	1.36	3.42	-2.06
Omega ratio: Gain probability vs. loss probability	1.16	1.44	-0.28
Calmar ratio: Return relative to maximum drawdown	1.19	4.05	-2.87
Martin ratio: Return relative to average drawdown	3.49	16.80	-13.31

PZFVX vs. TILVX - Sharpe Ratio Comparison

The current PZFVX Sharpe Ratio is 0.89, which is lower than the TILVX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of PZFVX and TILVX, 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

PZFVX vs. TILVX - Drawdown Comparison

The maximum PZFVX drawdown since its inception was -72.29%, which is greater than TILVX's maximum drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for PZFVX and TILVX.

Drawdown Indicators

	PZFVX	TILVX	Difference
Max Drawdown Largest peak-to-trough decline	-72.29%	-60.05%	-12.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-6.80%	-5.12%
Max Drawdown (3Y) Largest decline over 3 years	-40.35%	-15.58%	-24.77%
Max Drawdown (5Y) Largest decline over 5 years	-40.35%	-19.00%	-21.35%
Max Drawdown (10Y) Largest decline over 10 years	-51.82%	-40.15%	-11.67%
Current Drawdown Current decline from peak	-20.41%	-1.10%	-19.31%
Average Drawdown Average peak-to-trough decline	-14.60%	-8.24%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	1.63%	+2.42%

Volatility

PZFVX vs. TILVX - Volatility Comparison

John Hancock Classic Value Fund (PZFVX) and TIAA-CREF Large-Cap Value Index Fund (TILVX) have volatilities of 4.05% and 4.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PZFVX	TILVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.11%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	8.75%	+2.91%
Volatility (1Y) Calculated over the trailing 1-year period	15.96%	11.32%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.80%	14.86%	+18.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.51%	17.64%	+12.87%

PZFVX vs. TILVX - Expense Ratio Comparison

PZFVX has a 1.12% expense ratio, which is higher than TILVX's 0.05% expense ratio.

Dividends

PZFVX vs. TILVX - Dividend Comparison

PZFVX's dividend yield for the trailing twelve months is around 34.15%, more than TILVX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PZFVX John Hancock Classic Value Fund	34.15%	36.18%	52.58%	6.33%	19.26%	0.58%	1.29%	4.56%	2.43%	0.95%	1.78%	1.41%
TILVX TIAA-CREF Large-Cap Value Index Fund	5.16%	5.96%	3.04%	4.90%	4.57%	3.77%	2.26%	7.05%	4.68%	2.01%	3.14%	4.24%

Frequently Asked Questions

Can I hold both PZFVX and TILVX in my portfolio?

PZFVX and TILVX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PZFVX or TILVX?

TILVX has higher volatility (4.11%) compared to PZFVX (4.05%). In terms of maximum drawdown, PZFVX dropped -72.29% vs TILVX's -60.05%.

Which has better risk-adjusted returns?

TILVX currently has the higher Sharpe Ratio (2.44 vs 0.89), 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.