TAMBX vs. JHNBX
TAMBX (JHancock Municipal Opportunities Fund) and JHNBX (John Hancock Bond Fund) are both mutual funds - TAMBX is a Municipal Bonds fund managed by John Hancock, while JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock. Over the past 10 years, TAMBX returned 1.93%/yr vs 2.18%/yr for JHNBX. A 0.59 correlation means they provide meaningful diversification when combined. TAMBX charges 0.80%/yr vs 0.76%/yr for JHNBX.
Performance
TAMBX vs. JHNBX - Performance Comparison
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Returns By Period
In the year-to-date period, TAMBX achieves a 1.52% return, which is significantly higher than JHNBX's 0.17% return. Over the past 10 years, TAMBX has underperformed JHNBX with an annualized return of 1.93%, while JHNBX has yielded a comparatively higher 2.18% annualized return.
TAMBX
- 1D
- 0.00%
- 1M
- 1.42%
- YTD
- 1.52%
- 6M
- 2.05%
- 1Y
- 6.39%
- 3Y*
- 3.86%
- 5Y*
- 0.79%
- 10Y*
- 1.93%
JHNBX
- 1D
- -0.30%
- 1M
- 0.72%
- YTD
- 0.17%
- 6M
- 0.68%
- 1Y
- 4.77%
- 3Y*
- 4.41%
- 5Y*
- -0.09%
- 10Y*
- 2.18%
TAMBX vs. JHNBX - 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% | 5.48% |
JHNBX John Hancock Bond Fund | 0.17% | 7.53% | 1.97% | 6.24% | -15.22% | -0.68% | 10.31% | 10.09% | -1.15% | 4.94% |
Correlation
The correlation between TAMBX and JHNBX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991 | 0.59 |
The correlation between TAMBX and JHNBX shifts across timeframes, from 0.51 (10 years) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TAMBX vs. JHNBX — Risk / Return Rank
TAMBX
JHNBX
TAMBX vs. JHNBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Municipal Opportunities Fund (TAMBX) and John Hancock Bond Fund (JHNBX). 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 | JHNBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.22 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.55 | +0.68 |
| Martin ratioReturn relative to average drawdown | 7.20 | 4.47 | +2.73 |
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Drawdowns
TAMBX vs. JHNBX - Drawdown Comparison
The maximum TAMBX drawdown since its inception was -15.00%, smaller than the maximum JHNBX drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for TAMBX and JHNBX.
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Drawdown Indicators
| TAMBX | JHNBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.00% | -24.74% | +9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.25% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.65% | -6.69% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.73% | -20.13% | +5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -14.73% | -20.13% | +5.40% |
Current DrawdownCurrent decline from peak | -0.62% | -2.21% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -4.14% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.12% | -0.21% |
Volatility
TAMBX vs. JHNBX - Volatility Comparison
The current volatility for JHancock Municipal Opportunities Fund (TAMBX) is 0.67%, while John Hancock Bond Fund (JHNBX) has a volatility of 1.23%. This indicates that TAMBX experiences smaller price fluctuations and is considered to be less risky than JHNBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAMBX | JHNBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.23% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 3.03% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 3.97% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 5.88% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 4.93% | -0.91% |
TAMBX vs. JHNBX - Expense Ratio Comparison
TAMBX has a 0.80% expense ratio, which is higher than JHNBX's 0.76% expense ratio.
Dividends
TAMBX vs. JHNBX - Dividend Comparison
TAMBX's dividend yield for the trailing twelve months is around 3.59%, less than JHNBX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHNBX John Hancock Bond Fund | 4.48% | 4.41% | 4.14% | 3.80% | 2.93% | 3.30% | 5.50% | 3.75% | 3.51% | 3.23% | 3.19% | 3.48% |
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
TAMBX and JHNBX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHNBX has higher volatility (1.23%) compared to TAMBX (0.67%). In terms of maximum drawdown, TAMBX dropped -15.00% vs JHNBX's -24.74%.
TAMBX currently has the higher Sharpe Ratio (2.63 vs 1.27), 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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