TACAX vs. JIBCX
TACAX (John Hancock California Municipal Bond Fund) and JIBCX (John Hancock Funds II Blue Chip Growth Fund) are both mutual funds - TACAX is a Municipal Bonds fund managed by John Hancock, while JIBCX is a Large Cap Growth Equities fund managed by John Hancock. Over the past 10 years, TACAX returned 2.02%/yr vs 14.75%/yr for JIBCX. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.81% expense ratio.
Performance
TACAX vs. JIBCX - Performance Comparison
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Returns By Period
Over the past 10 years, TACAX has underperformed JIBCX with an annualized return of 2.02%, while JIBCX has yielded a comparatively higher 14.75% annualized return.
TACAX
- 1D
- -0.10%
- 1M
- 0.42%
- 6M
- 1.85%
- YTD
- 2.37%
- 1Y
- 8.91%
- 3Y*
- 3.83%
- 5Y*
- 0.99%
- 10Y*
- 2.02%
JIBCX
- 1D
- -1.73%
- 1M
- 0.14%
- 6M
- -0.58%
- YTD
- 0.00%
- 1Y
- -0.18%
- 3Y*
- 16.80%
- 5Y*
- 6.71%
- 10Y*
- 14.75%
TACAX vs. JIBCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TACAX John Hancock California Municipal Bond Fund | 2.37% | 3.05% | 2.32% | 7.28% | -9.13% | 2.32% | 3.70% | 7.71% | 0.43% | 6.11% |
JIBCX John Hancock Funds II Blue Chip Growth Fund | 0.00% | 8.28% | 35.89% | 49.47% | -38.12% | 16.88% | 34.25% | 29.71% | 1.72% | 36.25% |
Correlation
The correlation between TACAX and JIBCX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | -0.07 |
The correlation between TACAX and JIBCX shifts across timeframes, from -0.07 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TACAX vs. JIBCX — Risk / Return Rank
TACAX
JIBCX
TACAX vs. JIBCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock California Municipal Bond Fund (TACAX) and John Hancock Funds II Blue Chip Growth Fund (JIBCX). 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.
| TACAX | JIBCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.02 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | -0.00 | +2.40 |
| Martin ratioReturn relative to average drawdown | 8.72 | -0.01 | +8.73 |
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Drawdowns
TACAX vs. JIBCX - Drawdown Comparison
The maximum TACAX drawdown since its inception was -15.80%, smaller than the maximum JIBCX drawdown of -54.15%. Use the drawdown chart below to compare losses from any high point for TACAX and JIBCX.
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Drawdown Indicators
| TACAX | JIBCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -54.15% | +38.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -24.47% | +20.78% |
Max Drawdown (3Y)Largest decline over 3 years | -8.55% | -24.47% | +15.92% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -42.74% | +27.65% |
Max Drawdown (10Y)Largest decline over 10 years | -15.09% | -42.74% | +27.65% |
Current DrawdownCurrent decline from peak | -0.80% | -11.26% | +10.46% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -9.28% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 10.33% | -9.31% |
Volatility
TACAX vs. JIBCX - Volatility Comparison
The current volatility for John Hancock California Municipal Bond Fund (TACAX) is 0.75%, while John Hancock Funds II Blue Chip Growth Fund (JIBCX) has a volatility of 6.58%. This indicates that TACAX experiences smaller price fluctuations and is considered to be less risky than JIBCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TACAX | JIBCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 6.58% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 14.04% | -11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 19.66% | -15.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 24.71% | -19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 23.07% | -18.38% |
TACAX vs. JIBCX - Expense Ratio Comparison
Both TACAX and JIBCX have an expense ratio of 0.81%.
Dividends
TACAX vs. JIBCX - Dividend Comparison
TACAX's dividend yield for the trailing twelve months is around 3.83%, while JIBCX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBCX John Hancock Funds II Blue Chip Growth Fund | 0.00% | 0.00% | 6.97% | 3.23% | 5.57% | 16.46% | 4.72% | 1.46% | 7.73% | 16.16% | 6.35% | 13.20% |
TACAX John Hancock California Municipal Bond Fund | 3.83% | 4.64% | 3.09% | 2.40% | 2.93% | 3.04% | 2.86% | 4.16% | 3.51% | 3.48% | 3.64% | 3.66% |
Frequently Asked Questions
TACAX and JIBCX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIBCX has higher volatility (6.58%) compared to TACAX (0.75%). In terms of maximum drawdown, TACAX dropped -15.80% vs JIBCX's -54.15%.
TACAX currently has the higher Sharpe Ratio (2.36 vs -0.01), 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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