VWNAX vs. JFIVX

Last updated Jun 26, 2026

VWNAX (Vanguard Windsor II Fund Admiral Shares) and JFIVX (John Hancock Variable Insurance Trust 500 Index Trust) are both mutual funds - VWNAX is a Large Cap Value Equities fund actively managed by Vanguard, while JFIVX is a Large Cap Blend Equities fund managed by John Hancock. Over the past 5 years, VWNAX returned 10.15%/yr vs 12.74%/yr for JFIVX. Their correlation of 0.92 suggests significant overlap in exposure. VWNAX charges 0.24%/yr vs 0.30%/yr for JFIVX.

Performance

VWNAX vs. JFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Windsor II Fund Admiral Shares (VWNAX) 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, VWNAX achieves a 5.36% return, which is significantly lower than JFIVX's 7.94% return.

VWNAX

• 1D: 0.35%
• 1M: -0.83%
• YTD: 5.36%
• 6M: 4.46%
• 1Y: 19.96%
• 3Y*: 16.75%
• 5Y*: 10.15%
• 10Y*: 13.10%

JFIVX

• 1D: -0.09%
• 1M: -2.06%
• YTD: 7.94%
• 6M: 6.61%
• 1Y: 21.88%
• 3Y*: 20.41%
• 5Y*: 12.74%
• 10Y*: —

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

VWNAX vs. JFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWNAX Vanguard Windsor II Fund Admiral Shares	5.36%	18.64%	13.99%	21.10%	-13.18%	28.95%	14.49%	29.16%	-8.57%	14.37%
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	7.94%	17.54%	24.61%	25.92%	-18.30%	28.31%	18.03%	31.05%	-5.00%	17.27%

Correlation

The correlation between VWNAX and JFIVX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.92

The correlation between VWNAX and JFIVX shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VWNAX vs. JFIVX — Risk / Return Rank

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

VWNAX

VWNAX Risk / Return Rank: 52
VWNAX Sharpe Ratio Rank: 50
VWNAX Sortino Ratio Rank: 49
VWNAX Omega Ratio Rank: 47
VWNAX Calmar Ratio Rank: 56
VWNAX Martin Ratio Rank: 59

JFIVX

JFIVX Risk / Return Rank: 55
JFIVX Sharpe Ratio Rank: 52
JFIVX Sortino Ratio Rank: 48
JFIVX Omega Ratio Rank: 51
JFIVX Calmar Ratio Rank: 55
JFIVX Martin Ratio Rank: 68

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.

VWNAX vs. JFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Windsor II Fund Admiral Shares (VWNAX) 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.

	VWNAX	JFIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.77	-0.02
Sortino ratio: Return per unit of downside risk	2.46	2.43	+0.03
Omega ratio: Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	2.51	2.49	+0.02
Martin ratio: Return relative to average drawdown	10.13	11.12	-0.99

VWNAX vs. JFIVX - Sharpe Ratio Comparison

The current VWNAX Sharpe Ratio is 1.75, which is comparable to the JFIVX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of VWNAX 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

VWNAX vs. JFIVX - Drawdown Comparison

The maximum VWNAX drawdown since its inception was -57.51%, which is greater than JFIVX's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for VWNAX and JFIVX.

Drawdown Indicators

	VWNAX	JFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-57.51%	-33.81%	-23.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-8.94%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-18.82%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-22.70%	-24.67%	+1.97%
Max Drawdown (10Y) Largest decline over 10 years	-37.42%	—	—
Current Drawdown Current decline from peak	-1.96%	-3.24%	+1.28%
Average Drawdown Average peak-to-trough decline	-8.97%	-4.61%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	1.99%	-0.05%

Volatility

VWNAX vs. JFIVX - Volatility Comparison

The current volatility for Vanguard Windsor II Fund Admiral Shares (VWNAX) is 3.55%, while John Hancock Variable Insurance Trust 500 Index Trust (JFIVX) has a volatility of 4.87%. This indicates that VWNAX 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

	VWNAX	JFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	4.87%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	9.93%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.34%	12.63%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	16.65%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	18.34%	-0.01%

VWNAX vs. JFIVX - Expense Ratio Comparison

VWNAX has a 0.24% expense ratio, which is lower than JFIVX's 0.30% expense ratio.

Dividends

VWNAX vs. JFIVX - Dividend Comparison

VWNAX's dividend yield for the trailing twelve months is around 10.98%, more than JFIVX's 2.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	2.37%	2.56%	2.19%	2.44%	5.19%	5.17%	3.38%	2.97%	2.90%	1.27%	0.00%	0.00%
VWNAX Vanguard Windsor II Fund Admiral Shares	10.98%	11.55%	10.59%	5.19%	7.36%	7.92%	7.39%	10.15%	11.48%	7.38%	8.17%	8.05%

Frequently Asked Questions

Can I hold both VWNAX and JFIVX in my portfolio?

VWNAX and JFIVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWNAX or JFIVX?

JFIVX has higher volatility (4.87%) compared to VWNAX (3.55%). In terms of maximum drawdown, VWNAX dropped -57.51% vs JFIVX's -33.81%.

Which has better risk-adjusted returns?

JFIVX currently has the higher Sharpe Ratio (1.77 vs 1.75), 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.