TAMBX vs. JFIVX

Last updated Jun 23, 2026

TAMBX (JHancock Municipal Opportunities Fund) and JFIVX (John Hancock Variable Insurance Trust 500 Index Trust) are both mutual funds - TAMBX is a Municipal Bonds fund managed by John Hancock, while JFIVX is a Large Cap Blend Equities fund managed by John Hancock. Over the past 5 years, TAMBX returned 0.77%/yr vs 13.78%/yr for JFIVX. At a 0.04 correlation, their price movements are largely independent. TAMBX charges 0.80%/yr vs 0.30%/yr for JFIVX.

Performance

TAMBX vs. JFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JHancock Municipal Opportunities Fund (TAMBX) and John Hancock Variable Insurance Trust 500 Index Trust (JFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAMBX achieves a 1.52% return, which is significantly lower than JFIVX's 10.02% return.

TAMBX

• 1D: 0.00%
• 1M: 1.42%
• YTD: 1.52%
• 6M: 2.05%
• 1Y: 6.51%
• 3Y*: 3.98%
• 5Y*: 0.77%
• 10Y*: 1.98%

JFIVX

• 1D: 1.08%
• 1M: 0.43%
• YTD: 10.02%
• 6M: 9.52%
• 1Y: 26.84%
• 3Y*: 20.62%
• 5Y*: 13.78%
• 10Y*: —

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

TAMBX vs. JFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAMBX JHancock Municipal Opportunities Fund	1.52%	5.25%	2.23%	5.36%	-10.18%	3.05%	4.07%	8.16%	0.14%	5.04%
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	10.02%	17.54%	24.61%	25.92%	-18.30%	28.31%	18.03%	31.05%	-5.00%	17.27%

Correlation

The correlation between TAMBX and JFIVX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.04

The correlation between TAMBX and JFIVX shifts across timeframes, from 0.04 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TAMBX vs. JFIVX — Risk / Return Rank

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

TAMBX

TAMBX Risk / Return Rank: 69
TAMBX Sharpe Ratio Rank: 87
TAMBX Sortino Ratio Rank: 92
TAMBX Omega Ratio Rank: 93
TAMBX Calmar Ratio Rank: 38
TAMBX Martin Ratio Rank: 34

JFIVX

JFIVX Risk / Return Rank: 65
JFIVX Sharpe Ratio Rank: 63
JFIVX Sortino Ratio Rank: 58
JFIVX Omega Ratio Rank: 59
JFIVX Calmar Ratio Rank: 68
JFIVX Martin Ratio Rank: 78

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.

TAMBX vs. JFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JHancock Municipal Opportunities Fund (TAMBX) and John Hancock Variable Insurance Trust 500 Index Trust (JFIVX). 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.

	TAMBX	JFIVX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.15	+0.48
Sortino ratio: Return per unit of downside risk	4.32	2.92	+1.41
Omega ratio: Gain probability vs. loss probability	1.68	1.39	+0.29
Calmar ratio: Return relative to maximum drawdown	2.23	3.02	-0.80
Martin ratio: Return relative to average drawdown	7.21	13.67	-6.46

TAMBX vs. JFIVX - Sharpe Ratio Comparison

The current TAMBX Sharpe Ratio is 2.63, which is comparable to the JFIVX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of TAMBX and JFIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TAMBX vs. JFIVX - Drawdown Comparison

The maximum TAMBX drawdown since its inception was -15.00%, smaller than the maximum JFIVX drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for TAMBX and JFIVX.

Drawdown Indicators

	TAMBX	JFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-15.00%	-33.81%	+18.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-8.94%	+6.01%
Max Drawdown (3Y) Largest decline over 3 years	-6.65%	-18.82%	+12.17%
Max Drawdown (5Y) Largest decline over 5 years	-14.73%	-24.67%	+9.94%
Max Drawdown (10Y) Largest decline over 10 years	-14.73%	—	—
Current Drawdown Current decline from peak	-0.62%	-1.38%	+0.76%
Average Drawdown Average peak-to-trough decline	-2.18%	-4.61%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.97%	-1.07%

Volatility

TAMBX vs. JFIVX - Volatility Comparison

The current volatility for JHancock Municipal Opportunities Fund (TAMBX) is 0.66%, while John Hancock Variable Insurance Trust 500 Index Trust (JFIVX) has a volatility of 4.76%. This indicates that TAMBX experiences smaller price fluctuations and is considered to be less risky than JFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAMBX	JFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	4.76%	-4.10%
Volatility (6M) Calculated over the trailing 6-month period	1.88%	9.88%	-8.00%
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	12.56%	-10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.81%	16.65%	-12.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.02%	18.35%	-14.33%

TAMBX vs. JFIVX - Expense Ratio Comparison

TAMBX has a 0.80% expense ratio, which is higher than JFIVX's 0.30% expense ratio.

Dividends

TAMBX vs. JFIVX - Dividend Comparison

TAMBX's dividend yield for the trailing twelve months is around 3.59%, more than JFIVX's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	2.32%	2.56%	2.19%	2.44%	5.19%	5.17%	3.38%	2.97%	2.90%	1.27%	0.00%	0.00%
TAMBX JHancock Municipal Opportunities Fund	3.59%	4.39%	3.10%	2.39%	2.47%	2.61%	2.82%	3.37%	3.69%	3.68%	3.79%	3.90%

Frequently Asked Questions

Can I hold both TAMBX and JFIVX in my portfolio?

TAMBX and JFIVX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAMBX or JFIVX?

JFIVX has higher volatility (4.76%) compared to TAMBX (0.66%). In terms of maximum drawdown, TAMBX dropped -15.00% vs JFIVX's -33.81%.

Which has better risk-adjusted returns?

TAMBX currently has the higher Sharpe Ratio (2.63 vs 2.15), 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.