SVBAX vs. JANBX
SVBAX (John Hancock Balanced Fund) and JANBX (Janus Henderson Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, SVBAX returned 10.28%/yr vs 10.55%/yr for JANBX. Their correlation of 0.86 suggests significant overlap in exposure. SVBAX charges 1.03%/yr vs 0.70%/yr for JANBX.
Performance
SVBAX vs. JANBX - Performance Comparison
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Returns By Period
In the year-to-date period, SVBAX achieves a 10.21% return, which is significantly higher than JANBX's 3.49% return. Both investments have delivered pretty close results over the past 10 years, with SVBAX having a 10.28% annualized return and JANBX not far ahead at 10.55%.
SVBAX
- 1D
- -0.28%
- 1M
- 1.93%
- YTD
- 10.21%
- 6M
- 9.76%
- 1Y
- 22.72%
- 3Y*
- 16.22%
- 5Y*
- 8.92%
- 10Y*
- 10.28%
JANBX
- 1D
- -0.42%
- 1M
- 1.08%
- YTD
- 3.49%
- 6M
- 3.00%
- 1Y
- 13.70%
- 3Y*
- 13.70%
- 5Y*
- 7.60%
- 10Y*
- 10.55%
SVBAX vs. JANBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVBAX John Hancock Balanced Fund | 10.21% | 15.69% | 13.31% | 18.22% | -15.79% | 14.49% | 15.97% | 21.28% | -5.02% | 13.40% |
JANBX Janus Henderson Balanced Fund | 3.49% | 14.99% | 15.36% | 15.38% | -16.60% | 17.22% | 14.34% | 22.53% | 0.64% | 17.78% |
Correlation
The correlation between SVBAX and JANBX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993 | 0.86 |
The correlation between SVBAX and JANBX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
SVBAX vs. JANBX — Risk / Return Rank
SVBAX
JANBX
SVBAX vs. JANBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Balanced Fund (SVBAX) and Janus Henderson Balanced Fund (JANBX). 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.
| SVBAX | JANBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.28 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 1.77 | +2.42 |
| Martin ratioReturn relative to average drawdown | 20.09 | 7.58 | +12.50 |
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Drawdowns
SVBAX vs. JANBX - Drawdown Comparison
The maximum SVBAX drawdown since its inception was -40.81%, which is greater than JANBX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for SVBAX and JANBX.
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Drawdown Indicators
| SVBAX | JANBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.81% | -31.70% | -9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -8.13% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -12.06% | -11.91% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -21.52% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -21.00% | -22.49% | +1.49% |
Current DrawdownCurrent decline from peak | -0.34% | -0.60% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -6.63% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.90% | -0.74% |
Volatility
SVBAX vs. JANBX - Volatility Comparison
John Hancock Balanced Fund (SVBAX) and Janus Henderson Balanced Fund (JANBX) have volatilities of 3.39% and 3.51%, 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.
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Volatility by Period
| SVBAX | JANBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.51% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 7.53% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 9.20% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 11.27% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.83% | 11.20% | -0.37% |
SVBAX vs. JANBX - Expense Ratio Comparison
SVBAX has a 1.03% expense ratio, which is higher than JANBX's 0.70% expense ratio.
Dividends
SVBAX vs. JANBX - Dividend Comparison
SVBAX's dividend yield for the trailing twelve months is around 10.92%, more than JANBX's 8.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | 8.53% | 8.78% | 6.96% | 2.25% | 1.95% | 4.50% | 2.49% | 2.85% | 7.06% | 4.65% | 2.55% | 5.81% |
SVBAX John Hancock Balanced Fund | 10.92% | 12.45% | 3.72% | 1.48% | 1.60% | 2.73% | 1.60% | 2.19% | 8.06% | 3.51% | 1.70% | 4.57% |
Frequently Asked Questions
With a correlation of 0.92, SVBAX and JANBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JANBX has higher volatility (3.51%) compared to SVBAX (3.39%). In terms of maximum drawdown, SVBAX dropped -40.81% vs JANBX's -31.70%.
SVBAX currently has the higher Sharpe Ratio (2.68 vs 1.57), 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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