Correlation
The correlation between SVBAX and FJMNX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SVBAX vs. FJMNX
Compare and contrast key facts about John Hancock Balanced Fund (SVBAX) and Nuveen Minnesota Municipal Bond Fund (FJMNX).
SVBAX is managed by John Hancock. It was launched on Oct 4, 1992. FJMNX is managed by Nuveen. It was launched on Jul 10, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVBAX or FJMNX.
Performance
SVBAX vs. FJMNX - Performance Comparison
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Key characteristics
SVBAX:
0.71
FJMNX:
0.35
SVBAX:
0.94
FJMNX:
0.40
SVBAX:
1.13
FJMNX:
1.07
SVBAX:
0.62
FJMNX:
0.21
SVBAX:
2.33
FJMNX:
0.87
SVBAX:
3.19%
FJMNX:
1.71%
SVBAX:
11.97%
FJMNX:
5.36%
SVBAX:
-40.82%
FJMNX:
-15.27%
SVBAX:
-1.93%
FJMNX:
-4.42%
Returns By Period
In the year-to-date period, SVBAX achieves a 1.91% return, which is significantly higher than FJMNX's -1.72% return. Over the past 10 years, SVBAX has outperformed FJMNX with an annualized return of 7.56%, while FJMNX has yielded a comparatively lower 1.90% annualized return.
SVBAX
1.91%
3.27%
0.93%
7.82%
8.95%
8.78%
7.56%
FJMNX
-1.72%
-0.37%
-2.88%
1.46%
1.26%
0.33%
1.90%
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SVBAX vs. FJMNX - Expense Ratio Comparison
SVBAX has a 1.03% expense ratio, which is higher than FJMNX's 0.77% expense ratio.
Risk-Adjusted Performance
SVBAX vs. FJMNX — Risk-Adjusted Performance Rank
SVBAX
FJMNX
SVBAX vs. FJMNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Balanced Fund (SVBAX) and Nuveen Minnesota Municipal Bond Fund (FJMNX). 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
SVBAX vs. FJMNX - Dividend Comparison
SVBAX's dividend yield for the trailing twelve months is around 3.75%, more than FJMNX's 3.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVBAX John Hancock Balanced Fund | 3.75% | 3.72% | 1.49% | 1.60% | 2.72% | 1.60% | 2.19% | 8.06% | 3.98% | 1.71% | 5.06% | 5.10% |
FJMNX Nuveen Minnesota Municipal Bond Fund | 3.65% | 3.56% | 3.25% | 2.58% | 1.79% | 2.49% | 3.01% | 3.14% | 3.21% | 3.43% | 3.63% | 3.65% |
Drawdowns
SVBAX vs. FJMNX - Drawdown Comparison
The maximum SVBAX drawdown since its inception was -40.82%, which is greater than FJMNX's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for SVBAX and FJMNX.
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Volatility
SVBAX vs. FJMNX - Volatility Comparison
John Hancock Balanced Fund (SVBAX) has a higher volatility of 2.95% compared to Nuveen Minnesota Municipal Bond Fund (FJMNX) at 0.88%. This indicates that SVBAX's price experiences larger fluctuations and is considered to be riskier than FJMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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