- ISIN
- US47803N5133
- CUSIP
- 47803N513
- Issuer
- John Hancock
- Inception Date
- Jul 28, 2019
- Category
- Macro Trading
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
JDJIX Performance Chart
JHancock Diversified Macro Fund (JDJIX) is up 10.3% since the beginning of the year. JDJIX is currently trading at $9 per share. Investors who bought $1,000 worth of JDJIX shares 5 years ago would now be looking at an investment worth $1,187.
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Returns By Period
JHancock Diversified Macro Fund (JDJIX) has returned 10.34% so far this year and 8.72% over the past 12 months.
JHancock Diversified Macro Fund
- 1D
- 0.66%
- 1M
- 0.11%
- YTD
- 10.34%
- 6M
- 10.60%
- 1Y
- 8.72%
- 3Y*
- 1.25%
- 5Y*
- 3.48%
- 10Y*
- —
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%
JDJIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 29, 2019, JDJIX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Mar 2022 with a return of +6.3%, while the worst month was Apr 2025 at -8.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, JDJIX closed higher 50% of trading days. The best single day was Mar 1, 2022 with a return of +3.0%, while the worst single day was Mar 13, 2023 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.73% | 3.71% | -2.35% | 3.43% | 1.00% | 0.55% | 10.34% | ||||||
| 2025 | 2.32% | 0.86% | -1.39% | -8.15% | 0.83% | 0.12% | 1.17% | -1.51% | 0.94% | -0.23% | -1.29% | -1.23% | -7.68% |
| 2024 | 3.28% | 5.47% | 4.88% | 0.10% | -3.16% | 0.92% | -3.13% | -6.05% | 1.44% | -3.07% | 1.13% | 1.44% | 2.59% |
| 2023 | 3.13% | 2.82% | -4.85% | 0.78% | 0.66% | 0.87% | 1.62% | 1.38% | 3.36% | -1.83% | -1.66% | -3.18% | 2.77% |
| 2022 | 2.03% | 1.88% | 6.30% | 5.72% | 0.29% | 0.77% | -0.96% | 1.16% | -0.00% | 2.29% | -2.61% | -4.73% | 12.26% |
| 2021 | -1.17% | 0.97% | -1.07% | 2.49% | 0.32% | 0.63% | -0.84% | -0.95% | -0.53% | 0.43% | -3.19% | 0.82% | -2.19% |
Benchmark Metrics
JHancock Diversified Macro Fund has an annualized alpha of 0.60%, beta of 0.14, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since July 29, 2019.
- This fund participated in 10.52% of S&P 500 Index downside but only 9.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.09 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.09 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.60%
- Beta
- 0.14
- R²
- 0.09
- Upside Capture
- 9.93%
- Downside Capture
- 10.52%
Expense Ratio
JDJIX has a high expense ratio of 1.39%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JDJIX ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JHancock Diversified Macro Fund (JDJIX) 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.
| JDJIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.78 | -1.30 |
| Martin ratioReturn relative to average drawdown | 3.87 | 12.44 | -8.57 |
Dividends
Dividend History
JHancock Diversified Macro Fund provided a 0.28% dividend yield over the last twelve months, with an annual payout of $0.03 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.03 | $0.03 | $0.04 | $0.35 | $1.01 | $0.31 | $0.20 | $0.37 |
Dividend yield | 0.28% | 0.31% | 0.43% | 3.99% | 11.26% | 3.46% | 2.11% | 3.79% |
Monthly Dividends
The table displays the monthly dividend distributions for JHancock Diversified Macro 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 | $0.03 | $0.03 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
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 JHancock Diversified Macro 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 JHancock Diversified Macro Fund was 19.58%, occurring on Dec 8, 2025. The portfolio has not yet recovered.
The current JHancock Diversified Macro Fund drawdown is 10.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 correction2025 | -19.58%Dec 2025 | 1y 7mo | — | 2y 2moApr 2024 - now |
COVID crash2020 | -14.89%Mar 2020 | 3mo 14d | 1y 11mo | 2y 3moNov 2019 - Mar 2022 |
2023 pullback2023 | -9.32%Mar 2023 | 9mo 5d | 6mo 1d | 1y 3moJun 2022 - Sep 2023 |
2024 pullback2024 | -7.69%Jan 2024 | 3mo 8d | 1mo 19d | 4mo 27dSep 2023 - Feb 2024 |
2019 pullback2019 | -4.02%Oct 2019 | 27d | 1mo 24d | 2mo 21dSep 2019 - Nov 2019 |
Drawdown Indicators
| JDJIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.58% | -56.78% | +37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -9.10% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.58% | -18.90% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | -25.43% | +5.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.13% | -1.80% | -8.33% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -10.71% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.03% | +0.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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