TACAX vs. JVLIX
Compare and contrast key facts about John Hancock California Municipal Bond Fund (TACAX) and John Hancock Funds Disciplined Value Fund (JVLIX).
TACAX is managed by John Hancock. It was launched on Dec 28, 1989. JVLIX is managed by John Hancock. It was launched on Jan 2, 1997.
Performance
TACAX vs. JVLIX - Performance Comparison
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TACAX vs. JVLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TACAX John Hancock California Municipal Bond Fund | -1.19% | 3.05% | 2.32% | 7.28% | -9.13% | 2.32% | 3.70% | 7.71% | 0.43% | 6.11% |
JVLIX John Hancock Funds Disciplined Value Fund | -0.65% | 17.48% | 15.59% | 13.91% | -4.45% | 29.92% | 1.59% | 22.70% | -9.75% | 17.97% |
Returns By Period
In the year-to-date period, TACAX achieves a -1.19% return, which is significantly lower than JVLIX's -0.65% return. Over the past 10 years, TACAX has underperformed JVLIX with an annualized return of 1.96%, while JVLIX has yielded a comparatively higher 11.17% annualized return.
TACAX
- 1D
- 0.31%
- 1M
- -3.39%
- YTD
- -1.19%
- 6M
- 0.57%
- 1Y
- 2.67%
- 3Y*
- 2.69%
- 5Y*
- 0.84%
- 10Y*
- 1.96%
JVLIX
- 1D
- -0.69%
- 1M
- -7.74%
- YTD
- -0.65%
- 6M
- 1.88%
- 1Y
- 16.72%
- 3Y*
- 15.57%
- 5Y*
- 10.65%
- 10Y*
- 11.17%
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TACAX vs. JVLIX - Expense Ratio Comparison
TACAX has a 0.81% expense ratio, which is higher than JVLIX's 0.76% expense ratio.
Return for Risk
TACAX vs. JVLIX — Risk / Return Rank
TACAX
JVLIX
TACAX vs. JVLIX - 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 Disciplined Value Fund (JVLIX). 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.
| TACAX | JVLIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.07 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.52 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.35 | -0.76 |
Martin ratioReturn relative to average drawdown | 1.57 | 6.23 | -4.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TACAX | JVLIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.07 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.62 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.59 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.34 | +0.83 |
Correlation
The correlation between TACAX and JVLIX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TACAX vs. JVLIX - Dividend Comparison
TACAX's dividend yield for the trailing twelve months is around 3.86%, less than JVLIX's 6.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TACAX John Hancock California Municipal Bond Fund | 3.86% | 4.64% | 3.09% | 2.40% | 2.93% | 3.04% | 2.86% | 4.16% | 3.51% | 3.48% | 3.64% | 3.66% |
JVLIX John Hancock Funds Disciplined Value Fund | 6.68% | 6.64% | 13.97% | 7.22% | 7.16% | 14.63% | 1.57% | 5.87% | 10.59% | 4.60% | 1.22% | 3.44% |
Drawdowns
TACAX vs. JVLIX - Drawdown Comparison
The maximum TACAX drawdown since its inception was -15.80%, smaller than the maximum JVLIX drawdown of -59.12%. Use the drawdown chart below to compare losses from any high point for TACAX and JVLIX.
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Drawdown Indicators
| TACAX | JVLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -59.12% | +43.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -11.86% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -20.48% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -15.09% | -40.33% | +25.24% |
Current DrawdownCurrent decline from peak | -3.39% | -7.95% | +4.56% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -10.57% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.58% | -0.02% |
Volatility
TACAX vs. JVLIX - Volatility Comparison
The current volatility for John Hancock California Municipal Bond Fund (TACAX) is 1.49%, while John Hancock Funds Disciplined Value Fund (JVLIX) has a volatility of 4.27%. This indicates that TACAX experiences smaller price fluctuations and is considered to be less risky than JVLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TACAX | JVLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 4.27% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 9.46% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 16.65% | -9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 17.30% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 18.88% | -14.21% |