JHancock Diversified Macro Fund (JDJIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with JDJIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JDJIX
JDJIX charges 1.39% annually. There are 29 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | JDJIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | JDJIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | JDJIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | JDJIX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | JDJIX vs WRPIX |
Best Risk-Adjusted Alternatives to JDJIX
JDJIX has a PortfoliosLab risk / return rank of 24. There are 53 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | JDJIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | JDJIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | JDJIX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | JDJIX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | JDJIX vs ADAIX |
Top Performing JDJIX Alternatives (YTD)
JDJIX is at 10.22% YTD. There are 12 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | JDJIX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | JDJIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | JDJIX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | JDJIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | JDJIX vs QSPRX |
Lowest Volatility Alternatives to JDJIX
JDJIX has 7.09% 1-year volatility. There are 41 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | JDJIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | JDJIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | JDJIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | JDJIX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | JDJIX vs MSTVX |
Lowest Drawdown Alternatives to JDJIX
JDJIX has a 1-year max drawdown of -5.07%. There are 48 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | JDJIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | JDJIX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | JDJIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | JDJIX vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | JDJIX vs FSLTX |
Other Mutual Funds from John Hancock
The 10 most viewed John Hancock mutual funds shown here include SVBAX, JAAAX, JVMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| John Hancock Balanced Fund | Diversified Portfolio | 86 | 9.73% | — | Oct 1992 | JDJIX vs SVBAX | |
| John Hancock Funds Alternative Asset Allocation Fu... | Multistrategy | 96 | 6.31% | — | Jan 2009 | JDJIX vs JAAAX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | Mid Cap Value Equities | 54 | 14.20% | — | Jun 1997 | JDJIX vs JVMIX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | Large Cap Blend Equities | 60 | 9.15% | — | Nov 2012 | JDJIX vs JFIVX | |
| John Hancock Premium Dividend Fund | Dividend | 14 | 6.22% | — | Dec 1989 | JDJIX vs PDT | |
| John Hancock Funds Disciplined Value Fund | Large Cap Value Equities | 86 | 17.35% | — | Jan 1997 | JDJIX vs JVLIX | |
| John Hancock International Dynamic Growth Fund | Foreign Large Cap Equities | 26 | 12.26% | — | May 2019 | JDJIX vs JIJIX | |
| John Hancock Bond Fund | Intermediate Core-Plus Bond | 22 | -0.74% | — | Nov 1973 | JDJIX vs JHNBX | |
| John Hancock Fundamental Large Cap Core Fund | Large Cap Blend Equities | 16 | 1.91% | — | Oct 1984 | JDJIX vs TAGRX | |
| John Hancock Disciplined Value Global Long/Short F... | Long-Short | 94 | 12.74% | — | Apr 2014 | JDJIX vs JAKVX |
Often Compared With JDJIX
Investors most often compare JDJIX with HFGM, FMF, SWTSX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare JDJIX with Any Fund or Stock
Compare JDJIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JDJIX with funds that move differently
JHancock Diversified Macro Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JDJIX.
Explore JDJIX Diversifiers