TILUX vs. JHNBX
TILUX (Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund) and JHNBX (John Hancock Bond Fund) are both mutual funds - TILUX is a Inflation-Protected Bonds fund managed by Morgan Stanley, while JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock. Over the past 10 years, TILUX returned 2.53%/yr vs 2.18%/yr for JHNBX. A 0.72 correlation means they provide meaningful diversification when combined. TILUX charges 0.86%/yr vs 0.76%/yr for JHNBX.
Performance
TILUX vs. JHNBX - Performance Comparison
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Returns By Period
In the year-to-date period, TILUX achieves a 0.66% return, which is significantly higher than JHNBX's 0.17% return. Over the past 10 years, TILUX has outperformed JHNBX with an annualized return of 2.53%, while JHNBX has yielded a comparatively lower 2.18% annualized return.
TILUX
- 1D
- -0.36%
- 1M
- 0.21%
- YTD
- 0.66%
- 6M
- 0.93%
- 1Y
- 2.74%
- 3Y*
- 3.53%
- 5Y*
- 0.63%
- 10Y*
- 2.53%
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%
TILUX vs. JHNBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund | 0.66% | 6.41% | 1.86% | 3.34% | -12.14% | 5.42% | 12.70% | 8.11% | -2.05% | 3.15% |
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 TILUX and JHNBX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2016 | 0.72 |
The correlation between TILUX and JHNBX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
TILUX vs. JHNBX — Risk / Return Rank
TILUX
JHNBX
TILUX vs. JHNBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX) 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.
| TILUX | JHNBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.55 | -0.22 |
| Martin ratioReturn relative to average drawdown | 3.57 | 4.47 | -0.90 |
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Drawdowns
TILUX vs. JHNBX - Drawdown Comparison
The maximum TILUX drawdown since its inception was -14.72%, smaller than the maximum JHNBX drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for TILUX and JHNBX.
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Drawdown Indicators
| TILUX | JHNBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.72% | -24.74% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.25% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -6.69% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -20.13% | +5.41% |
Max Drawdown (10Y)Largest decline over 10 years | -14.72% | -20.13% | +5.41% |
Current DrawdownCurrent decline from peak | -1.25% | -2.21% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.14% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.12% | -0.14% |
Volatility
TILUX vs. JHNBX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX) is 1.03%, while John Hancock Bond Fund (JHNBX) has a volatility of 1.23%. This indicates that TILUX 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
| TILUX | JHNBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.23% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 3.03% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.97% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 5.88% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 4.93% | +0.49% |
TILUX vs. JHNBX - Expense Ratio Comparison
TILUX has a 0.86% expense ratio, which is higher than JHNBX's 0.76% expense ratio.
Dividends
TILUX vs. JHNBX - Dividend Comparison
TILUX's dividend yield for the trailing twelve months is around 3.10%, 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% |
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund | 3.10% | 2.92% | 3.72% | 1.77% | 16.54% | 9.24% | 2.28% | 2.27% | 3.45% | 3.01% | 2.97% | 0.00% |
Frequently Asked Questions
TILUX and JHNBX have a correlation of 0.71, 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 TILUX (1.03%). In terms of maximum drawdown, TILUX dropped -14.72% vs JHNBX's -24.74%.
JHNBX currently has the higher Sharpe Ratio (1.27 vs 0.86), 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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