TAUSX vs. FTHRX
TAUSX (John Hancock Investment Grade Bond Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, TAUSX returned 1.54%/yr vs 1.99%/yr for FTHRX. Their correlation of 0.82 suggests significant overlap in exposure. TAUSX charges 0.74%/yr vs 0.45%/yr for FTHRX.
Performance
TAUSX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, TAUSX achieves a 0.42% return, which is significantly higher than FTHRX's 0.15% return. Over the past 10 years, TAUSX has underperformed FTHRX with an annualized return of 1.54%, while FTHRX has yielded a comparatively higher 1.99% annualized return.
TAUSX
- 1D
- 0.44%
- 1M
- 0.89%
- YTD
- 0.42%
- 6M
- 0.77%
- 1Y
- 4.44%
- 3Y*
- 3.60%
- 5Y*
- -0.50%
- 10Y*
- 1.54%
FTHRX
- 1D
- 0.29%
- 1M
- 0.41%
- YTD
- 0.15%
- 6M
- 0.46%
- 1Y
- 3.33%
- 3Y*
- 4.64%
- 5Y*
- 1.12%
- 10Y*
- 1.99%
TAUSX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAUSX John Hancock Investment Grade Bond Fund | 0.42% | 7.38% | 0.94% | 4.76% | -14.69% | -1.49% | 9.52% | 8.71% | -0.38% | 3.88% |
FTHRX Fidelity Intermediate Bond Fund | 0.15% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Correlation
The correlation between TAUSX and FTHRX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992 | 0.82 |
The correlation between TAUSX and FTHRX shifts across timeframes, from 0.82 (all time) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TAUSX vs. FTHRX — Risk / Return Rank
TAUSX
FTHRX
TAUSX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Investment Grade Bond Fund (TAUSX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| TAUSX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.63 | -0.22 |
| Martin ratioReturn relative to average drawdown | 3.91 | 4.48 | -0.57 |
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Drawdowns
TAUSX vs. FTHRX - Drawdown Comparison
The maximum TAUSX drawdown since its inception was -19.90%, roughly equal to the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for TAUSX and FTHRX.
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Drawdown Indicators
| TAUSX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -19.01% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -2.11% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.29% | -2.68% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | -13.18% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -19.90% | -13.25% | -6.65% |
Current DrawdownCurrent decline from peak | -4.19% | -1.09% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.06% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.77% | +0.40% |
Volatility
TAUSX vs. FTHRX - Volatility Comparison
John Hancock Investment Grade Bond Fund (TAUSX) has a higher volatility of 1.32% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.92%. This indicates that TAUSX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAUSX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.92% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 2.09% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 2.81% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 4.04% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 3.40% | +1.61% |
TAUSX vs. FTHRX - Expense Ratio Comparison
TAUSX has a 0.74% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Dividends
TAUSX vs. FTHRX - Dividend Comparison
TAUSX's dividend yield for the trailing twelve months is around 4.04%, more than FTHRX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHRX Fidelity Intermediate Bond Fund | 3.69% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
TAUSX John Hancock Investment Grade Bond Fund | 4.04% | 3.99% | 3.40% | 2.64% | 2.50% | 2.25% | 4.49% | 2.83% | 2.83% | 2.65% | 2.66% | 2.88% |
Frequently Asked Questions
With a correlation of 0.91, TAUSX and FTHRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TAUSX has higher volatility (1.32%) compared to FTHRX (0.92%). In terms of maximum drawdown, TAUSX dropped -19.90% vs FTHRX's -19.01%.
FTHRX currently has the higher Sharpe Ratio (1.23 vs 1.12), 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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