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.
Key characteristics
| SVBAX | FJMNX | |
|---|---|---|
| YTD Return | 13.03% | 2.72% |
| 1Y Return | 19.58% | 8.01% |
| 3Y Return (Ann) | 4.39% | -0.64% |
| 5Y Return (Ann) | 8.85% | 0.79% |
| 10Y Return (Ann) | 7.62% | 2.23% |
| Sharpe Ratio | 2.64 | 2.54 |
| Sortino Ratio | 3.72 | 3.91 |
| Omega Ratio | 1.49 | 1.63 |
| Calmar Ratio | 3.42 | 0.82 |
| Martin Ratio | 15.06 | 11.69 |
| Ulcer Index | 1.42% | 0.68% |
| Daily Std Dev | 8.07% | 3.23% |
| Max Drawdown | -40.81% | -15.27% |
| Current Drawdown | -0.51% | -2.69% |
Correlation
The correlation between SVBAX and FJMNX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SVBAX vs. FJMNX - Performance Comparison
In the year-to-date period, SVBAX achieves a 13.03% return, which is significantly higher than FJMNX's 2.72% return. Over the past 10 years, SVBAX has outperformed FJMNX with an annualized return of 7.62%, while FJMNX has yielded a comparatively lower 2.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
SVBAX vs. FJMNX - Dividend Comparison
SVBAX's dividend yield for the trailing twelve months is around 1.44%, less than FJMNX's 3.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVBAX John Hancock Balanced Fund | 1.44% | 1.49% | 1.60% | 1.07% | 1.32% | 1.49% | 1.91% | 1.65% | 1.71% | 2.10% | 2.15% | 2.17% |
FJMNX Nuveen Minnesota Municipal Bond Fund | 3.53% | 3.25% | 2.58% | 1.79% | 2.49% | 3.01% | 3.14% | 3.21% | 3.43% | 3.63% | 3.65% | 3.94% |
Drawdowns
SVBAX vs. FJMNX - Drawdown Comparison
The maximum SVBAX drawdown since its inception was -40.81%, 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. For additional features, visit the drawdowns tool.
Volatility
SVBAX vs. FJMNX - Volatility Comparison
John Hancock Balanced Fund (SVBAX) has a higher volatility of 2.32% compared to Nuveen Minnesota Municipal Bond Fund (FJMNX) at 1.52%. 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.