SVBAX vs. PAVE
Compare and contrast key facts about John Hancock Balanced Fund (SVBAX) and Global X US Infrastructure Development ETF (PAVE).
SVBAX is managed by John Hancock. It was launched on Oct 4, 1992. PAVE is a passively managed fund by Global X that tracks the performance of the INDXX U.S. Infrastructure Development Index. It was launched on Mar 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVBAX or PAVE.
Key characteristics
| SVBAX | PAVE | |
|---|---|---|
| YTD Return | 13.03% | 30.17% |
| 1Y Return | 19.58% | 44.61% |
| 3Y Return (Ann) | 4.39% | 16.61% |
| 5Y Return (Ann) | 8.85% | 21.58% |
| Sharpe Ratio | 2.64 | 2.60 |
| Sortino Ratio | 3.72 | 3.58 |
| Omega Ratio | 1.49 | 1.45 |
| Calmar Ratio | 3.42 | 5.72 |
| Martin Ratio | 15.06 | 14.50 |
| Ulcer Index | 1.42% | 3.40% |
| Daily Std Dev | 8.07% | 18.95% |
| Max Drawdown | -40.81% | -44.08% |
| Current Drawdown | -0.51% | -1.56% |
Correlation
The correlation between SVBAX and PAVE is 0.75, 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.
Performance
SVBAX vs. PAVE - Performance Comparison
In the year-to-date period, SVBAX achieves a 13.03% return, which is significantly lower than PAVE's 30.17% 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. PAVE - Expense Ratio Comparison
SVBAX has a 1.03% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
SVBAX vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Balanced Fund (SVBAX) and Global X US Infrastructure Development ETF (PAVE). 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. PAVE - Dividend Comparison
SVBAX's dividend yield for the trailing twelve months is around 1.44%, more than PAVE's 0.53% 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% |
PAVE Global X US Infrastructure Development ETF | 0.53% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SVBAX vs. PAVE - Drawdown Comparison
The maximum SVBAX drawdown since its inception was -40.81%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for SVBAX and PAVE. For additional features, visit the drawdowns tool.
Volatility
SVBAX vs. PAVE - Volatility Comparison
The current volatility for John Hancock Balanced Fund (SVBAX) is 2.32%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.81%. This indicates that SVBAX experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.