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SVBAX vs. PCEF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SVBAX and PCEF 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.


-0.50.00.51.00.8

Performance

SVBAX vs. PCEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Balanced Fund (SVBAX) and Invesco CEF Income Composite ETF (PCEF). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
2.86%
6.47%
SVBAX
PCEF

Key characteristics

Sharpe Ratio

SVBAX:

1.61

PCEF:

1.89

Sortino Ratio

SVBAX:

2.20

PCEF:

2.50

Omega Ratio

SVBAX:

1.29

PCEF:

1.36

Calmar Ratio

SVBAX:

2.39

PCEF:

1.29

Martin Ratio

SVBAX:

9.28

PCEF:

11.31

Ulcer Index

SVBAX:

1.46%

PCEF:

1.37%

Daily Std Dev

SVBAX:

8.38%

PCEF:

8.18%

Max Drawdown

SVBAX:

-40.81%

PCEF:

-38.64%

Current Drawdown

SVBAX:

-3.17%

PCEF:

-4.08%

Returns By Period

In the year-to-date period, SVBAX achieves a 13.03% return, which is significantly lower than PCEF's 15.20% return. Over the past 10 years, SVBAX has outperformed PCEF with an annualized return of 7.55%, while PCEF has yielded a comparatively lower 6.02% annualized return.


SVBAX

YTD

13.03%

1M

0.79%

6M

2.82%

1Y

14.20%

5Y*

8.44%

10Y*

7.55%

PCEF

YTD

15.20%

1M

-1.51%

6M

6.19%

1Y

15.91%

5Y*

4.51%

10Y*

6.02%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SVBAX vs. PCEF - Expense Ratio Comparison

SVBAX has a 1.03% expense ratio, which is lower than PCEF's 2.34% expense ratio.


PCEF
Invesco CEF Income Composite ETF
Expense ratio chart for PCEF: current value at 2.34% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.34%
Expense ratio chart for SVBAX: current value at 1.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.03%

Risk-Adjusted Performance

SVBAX vs. PCEF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Balanced Fund (SVBAX) and Invesco CEF Income Composite ETF (PCEF). 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.


Sharpe ratio
The chart of Sharpe ratio for SVBAX, currently valued at 1.61, compared to the broader market-1.000.001.002.003.004.001.611.89
The chart of Sortino ratio for SVBAX, currently valued at 2.20, compared to the broader market-2.000.002.004.006.008.0010.002.202.50
The chart of Omega ratio for SVBAX, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.003.501.291.36
The chart of Calmar ratio for SVBAX, currently valued at 2.39, compared to the broader market0.002.004.006.008.0010.0012.0014.002.391.29
The chart of Martin ratio for SVBAX, currently valued at 9.28, compared to the broader market0.0020.0040.0060.009.2811.31
SVBAX
PCEF

The current SVBAX Sharpe Ratio is 1.61, which is comparable to the PCEF Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SVBAX and PCEF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.61
1.89
SVBAX
PCEF

Dividends

SVBAX vs. PCEF - Dividend Comparison

SVBAX's dividend yield for the trailing twelve months is around 0.99%, less than PCEF's 8.13% yield.


TTM20232022202120202019201820172016201520142013
SVBAX
John Hancock Balanced Fund
0.99%1.49%1.60%1.07%1.32%1.49%1.91%1.65%1.71%2.10%2.15%2.17%
PCEF
Invesco CEF Income Composite ETF
8.13%9.85%8.93%6.67%7.55%7.12%8.21%6.96%7.12%9.18%8.03%8.13%

Drawdowns

SVBAX vs. PCEF - Drawdown Comparison

The maximum SVBAX drawdown since its inception was -40.81%, which is greater than PCEF's maximum drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for SVBAX and PCEF. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.17%
-4.08%
SVBAX
PCEF

Volatility

SVBAX vs. PCEF - Volatility Comparison

John Hancock Balanced Fund (SVBAX) has a higher volatility of 3.24% compared to Invesco CEF Income Composite ETF (PCEF) at 2.67%. This indicates that SVBAX's price experiences larger fluctuations and is considered to be riskier than PCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%JulyAugustSeptemberOctoberNovemberDecember
3.24%
2.67%
SVBAX
PCEF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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