TAUSX vs. PZFVX
TAUSX (John Hancock Investment Grade Bond Fund) and PZFVX (John Hancock Classic Value Fund) are both mutual funds - TAUSX is a Intermediate Core Bond fund managed by John Hancock, while PZFVX is a Large Cap Value Equities fund managed by John Hancock. Over the past 10 years, TAUSX returned 1.26%/yr vs 10.31%/yr for PZFVX. Their -0.14 correlation means they have often moved in opposite directions in the past. TAUSX charges 0.74%/yr vs 1.12%/yr for PZFVX.
Performance
TAUSX vs. PZFVX - Performance Comparison
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Returns By Period
In the year-to-date period, TAUSX achieves a -1.01% return, which is significantly lower than PZFVX's 15.63% return. Over the past 10 years, TAUSX has underperformed PZFVX with an annualized return of 1.26%, while PZFVX has yielded a comparatively higher 10.31% annualized return.
TAUSX
- 1D
- 0.00%
- 1M
- -1.32%
- 6M
- -1.22%
- YTD
- -1.01%
- 1Y
- 1.61%
- 3Y*
- 3.12%
- 5Y*
- -1.10%
- 10Y*
- 1.26%
- ALL TIME*
- 4.19%
PZFVX
- 1D
- 0.54%
- 1M
- 6.26%
- 6M
- 15.93%
- YTD
- 15.63%
- 1Y
- 28.74%
- 3Y*
- 11.72%
- 5Y*
- 9.66%
- 10Y*
- 10.31%
- ALL TIME*
- 7.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TAUSX vs. PZFVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAUSX John Hancock Investment Grade Bond Fund | -1.01% | 7.38% | 0.94% | 4.76% | -14.69% | -1.49% | 9.52% | 8.71% | -0.38% | 3.88% |
PZFVX John Hancock Classic Value Fund | 15.63% | 12.09% | 4.48% | 18.69% | -7.11% | 28.27% | -2.70% | 24.79% | -16.94% | 16.47% |
Correlation
The correlation between TAUSX and PZFVX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | -0.14 |
The correlation between TAUSX and PZFVX shifts across timeframes, from -0.14 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TAUSX vs. PZFVX — Risk / Return Rank
TAUSX
PZFVX
TAUSX vs. PZFVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Investment Grade Bond Fund (TAUSX) and John Hancock Classic Value Fund (PZFVX). 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 | PZFVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.01 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.15 | 6.21 | -4.06 |
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Drawdowns
TAUSX vs. PZFVX - Drawdown Comparison
The maximum TAUSX drawdown since its inception was -19.90%, smaller than the maximum PZFVX drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for TAUSX and PZFVX.
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Drawdown Indicators
| TAUSX | PZFVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -72.29% | +52.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -11.92% | +8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.24% | -40.35% | +34.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | -40.35% | +20.45% |
Max Drawdown (10Y)Largest decline over 10 years | -19.90% | -51.82% | +31.92% |
Current DrawdownCurrent decline from peak | -5.56% | -13.12% | +7.56% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -14.61% | +12.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 3.88% | -2.56% |
Volatility
TAUSX vs. PZFVX - Volatility Comparison
The current volatility for John Hancock Investment Grade Bond Fund (TAUSX) is 1.04%, while John Hancock Classic Value Fund (PZFVX) has a volatility of 4.96%. This indicates that TAUSX experiences smaller price fluctuations and is considered to be less risky than PZFVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAUSX | PZFVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 4.96% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 11.70% | -8.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 15.99% | -11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 33.72% | -27.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 30.46% | -25.45% |
TAUSX vs. PZFVX - Expense Ratio Comparison
TAUSX has a 0.74% expense ratio, which is lower than PZFVX's 1.12% expense ratio.
Dividends
TAUSX vs. PZFVX - Dividend Comparison
TAUSX's dividend yield for the trailing twelve months is around 3.79%, less than PZFVX's 31.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZFVX John Hancock Classic Value Fund | 31.29% | 36.18% | 52.58% | 6.33% | 19.26% | 0.58% | 1.29% | 4.56% | 2.43% | 0.95% | 1.78% | 1.41% |
TAUSX John Hancock Investment Grade Bond Fund | 3.79% | 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
TAUSX and PZFVX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZFVX has higher volatility (4.96%) compared to TAUSX (1.04%). In terms of maximum drawdown, TAUSX dropped -19.90% vs PZFVX's -72.29%.
PZFVX currently has the higher Sharpe Ratio (1.50 vs 0.71), 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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