- ISIN
- US47804A1896
- CUSIP
- 47804A189
- Issuer
- John Hancock
- Inception Date
- Jan 1, 2009
- Category
- Multistrategy
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
JAAAX Performance Chart
John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is up 5.6% since the beginning of the year. JAAAX is currently trading at $18 per share. Investors who bought $1,000 worth of JAAAX shares 5 years ago would now be looking at an investment worth $1,241.
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Returns By Period
John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has returned 5.59% so far this year and 10.38% over the past 12 months. Over the last ten years, JAAAX has returned 4.22% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
John Hancock Funds Alternative Asset Allocation Fund
- 1D
- 0.06%
- 1M
- -0.45%
- YTD
- 5.59%
- 6M
- 5.55%
- 1Y
- 10.38%
- 3Y*
- 6.96%
- 5Y*
- 4.41%
- 10Y*
- 4.22%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JAAAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2008, JAAAX's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was May 2009 with a return of +11.4%, while the worst month was May 2010 at -6.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, JAAAX closed higher 50% of trading days. The best single day was Mar 23, 2009 with a return of +3.6%, while the worst single day was Jan 20, 2009 at -3.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.16% | 2.00% | -1.61% | 2.87% | 0.46% | -0.34% | 5.59% | ||||||
| 2025 | 1.51% | 0.25% | -1.17% | -1.12% | 1.58% | 1.31% | 0.25% | 0.98% | 1.40% | 0.18% | 0.78% | 0.14% | 6.18% |
| 2024 | 0.40% | 1.19% | 1.69% | -0.96% | 0.97% | 0.58% | 1.02% | 0.69% | 0.94% | -0.37% | 1.00% | -0.71% | 6.59% |
| 2023 | 2.07% | -0.95% | 0.82% | 0.88% | -0.60% | 1.01% | 1.07% | -0.26% | -1.06% | -0.47% | 2.08% | 1.18% | 5.85% |
| 2022 | -0.84% | -0.46% | 0.72% | -1.04% | -0.07% | -1.98% | 1.28% | -0.53% | -2.94% | 1.51% | 1.83% | -0.54% | -3.12% |
| 2021 | -0.47% | 0.94% | 1.00% | 2.04% | 0.71% | 0.06% | 0.26% | 0.19% | -0.96% | 0.90% | -1.66% | 1.71% | 4.77% |
Benchmark Metrics
John Hancock Funds Alternative Asset Allocation Fund has an annualized alpha of 1.70%, beta of 0.28, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since December 31, 2008.
- This fund participated in 34.74% of S&P 500 Index downside but only 31.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.28 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.70%
- Beta
- 0.28
- R²
- 0.62
- Upside Capture
- 31.65%
- Downside Capture
- 34.74%
Expense Ratio
JAAAX has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JAAAX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and compare them to S&P 500 Index.
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.
| JAAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.37 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 2.78 | +2.28 |
| Martin ratioReturn relative to average drawdown | 19.35 | 12.44 | +6.91 |
Dividends
Dividend History
John Hancock Funds Alternative Asset Allocation Fund provided a 1.45% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.19 | $0.26 | $0.44 | $0.26 | $0.11 | $0.49 | $0.27 | $0.18 | $0.11 | $0.38 |
Dividend yield | 1.45% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Monthly Dividends
The table displays the monthly dividend distributions for John Hancock Funds Alternative Asset Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the John Hancock Funds Alternative Asset Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the John Hancock Funds Alternative Asset Allocation Fund was 15.72%, occurring on Mar 9, 2009. Recovery took 26 trading sessions.
The current John Hancock Funds Alternative Asset Allocation Fund drawdown is 0.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -15.72%Mar 2009 | 2mo 1d | 1mo 7d | 3mo 8dJan 2009 - Apr 2009 |
COVID crash2020 | -12.64%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 |
2011 pullback2011 | -9.52%Oct 2011 | 5mo 5d | 1y 3mo | 1y 8moMay 2011 - Jan 2013 |
2016 pullback2016 | -9.13%Feb 2016 | 1y 5mo | 1y 2mo | 2y 7moSep 2014 - Apr 2017 |
2010 pullback2010 | -8.70%May 2010 | 1mo 10d | 3mo 21d | 5mo 1dApr 2010 - Sep 2010 |
Drawdown Indicators
| JAAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -56.78% | +41.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -9.10% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -18.90% | +13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -25.43% | +19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -33.92% | +21.28% |
Current DrawdownCurrent decline from peak | -0.73% | -1.80% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -10.71% | +8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.03% | -1.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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