SVBAX vs. PAVE

Last updated Apr 1, 2026

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.

Performance

SVBAX vs. PAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Balanced Fund (SVBAX) and Global X US Infrastructure Development ETF (PAVE). The values are adjusted to include any dividend payments, if applicable.

SVBAX vs. PAVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVBAX John Hancock Balanced Fund	-2.58%	15.69%	13.31%	18.22%	-15.79%	14.49%	15.97%	21.28%	-5.02%	9.09%
PAVE Global X US Infrastructure Development ETF	6.32%	19.36%	17.92%	31.01%	-7.17%	36.42%	19.72%	33.26%	-19.15%	14.11%

Returns By Period

In the year-to-date period, SVBAX achieves a -2.58% return, which is significantly lower than PAVE's 6.32% return.

SVBAX

• 1D: -0.24%
• 1M: -5.47%
• YTD: -2.58%
• 6M: 1.01%
• 1Y: 14.91%
• 3Y*: 12.95%
• 5Y*: 7.35%
• 10Y*: 8.91%

PAVE

• 1D: 3.29%
• 1M: -7.77%
• YTD: 6.32%
• 6M: 7.40%
• 1Y: 35.92%
• 3Y*: 22.36%
• 5Y*: 15.85%
• 10Y*: —

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

SVBAX vs. PAVE - Expense Ratio Comparison

SVBAX has a 1.03% expense ratio, which is higher than PAVE's 0.47% expense ratio.

SVBAX

John Hancock Balanced Fund

PAVE

Global X US Infrastructure Development ETF

Return for Risk

SVBAX vs. PAVE — Risk / Return Rank

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

SVBAX

SVBAX Risk / Return Rank: 79
SVBAX Sharpe Ratio Rank: 77
SVBAX Sortino Ratio Rank: 80
SVBAX Omega Ratio Rank: 77
SVBAX Calmar Ratio Rank: 77
SVBAX Martin Ratio Rank: 86

PAVE

PAVE Risk / Return Rank: 87
PAVE Sharpe Ratio Rank: 84
PAVE Sortino Ratio Rank: 87
PAVE Omega Ratio Rank: 82
PAVE Calmar Ratio Rank: 90
PAVE Martin Ratio Rank: 89

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.

SVBAX vs. PAVE - Risk-Adjusted Trends 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.

	SVBAX	PAVE	Difference
Sharpe ratio Return per unit of total volatility	1.38	1.61	-0.23
Sortino ratio Return per unit of downside risk	1.99	2.30	-0.31
Omega ratio Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio Return relative to maximum drawdown	1.80	2.90	-1.09
Martin ratio Return relative to average drawdown	8.90	10.73	-1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVBAX vs. PAVE - Sharpe Ratio Comparison

The current SVBAX Sharpe Ratio is 1.38, which is comparable to the PAVE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of SVBAX and PAVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SVBAX	PAVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.61	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.74	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.63	+0.04

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.

Dividends

SVBAX vs. PAVE - Dividend Comparison

SVBAX's dividend yield for the trailing twelve months is around 12.82%, more than PAVE's 0.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVBAX John Hancock Balanced Fund	12.82%	12.45%	3.72%	1.48%	1.60%	2.73%	1.60%	2.19%	8.06%	3.51%	1.70%	4.57%
PAVE Global X US Infrastructure Development ETF	0.86%	0.92%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%	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.

Drawdown Indicators

	SVBAX	PAVE	Difference
Max Drawdown Largest peak-to-trough decline	-40.81%	-44.08%	+3.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-12.56%	+4.83%
Max Drawdown (5Y) Largest decline over 5 years	-20.53%	-26.23%	+5.70%
Max Drawdown (10Y) Largest decline over 10 years	-21.00%	—	—
Current Drawdown Current decline from peak	-5.57%	-8.70%	+3.13%
Average Drawdown Average peak-to-trough decline	-5.26%	-6.30%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	3.39%	-1.83%

Volatility

SVBAX vs. PAVE - Volatility Comparison

The current volatility for John Hancock Balanced Fund (SVBAX) is 3.23%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.74%. 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.

Volatility by Period

	SVBAX	PAVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	7.74%	-4.51%
Volatility (6M) Calculated over the trailing 6-month period	6.04%	13.97%	-7.93%
Volatility (1Y) Calculated over the trailing 1-year period	11.07%	22.40%	-11.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.70%	21.42%	-10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.74%	24.41%	-13.67%