BAMBX vs. JAAAX
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Fund (BAMBX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
BAMBX is a passively managed fund by BlackRock that tracks the performance of the ICE BofA 3 Month Treasury Bill Index (G0O1) (USD). It was launched on Sep 29, 2020. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
BAMBX vs. JAAAX - Performance Comparison
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BAMBX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.16% | 4.59% | 6.61% | 6.19% | -3.23% | 5.84% | 3.34% | 8.25% | 1.51% | 9.72% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Returns By Period
In the year-to-date period, BAMBX achieves a 1.16% return, which is significantly lower than JAAAX's 2.52% return. Over the past 10 years, BAMBX has outperformed JAAAX with an annualized return of 4.45%, while JAAAX has yielded a comparatively lower 4.05% annualized return.
BAMBX
- 1D
- 0.19%
- 1M
- -2.60%
- YTD
- 1.16%
- 6M
- 3.04%
- 1Y
- 2.95%
- 3Y*
- 6.31%
- 5Y*
- 3.91%
- 10Y*
- 4.45%
JAAAX
- 1D
- 0.41%
- 1M
- -1.56%
- YTD
- 2.52%
- 6M
- 3.59%
- 1Y
- 8.05%
- 3Y*
- 6.41%
- 5Y*
- 4.12%
- 10Y*
- 4.05%
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BAMBX vs. JAAAX - Expense Ratio Comparison
BAMBX has a 1.20% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Return for Risk
BAMBX vs. JAAAX — Risk / Return Rank
BAMBX
JAAAX
BAMBX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Fund (BAMBX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). 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.
| BAMBX | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.75 | -1.01 |
Sortino ratioReturn per unit of downside risk | 1.09 | 2.35 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.88 | -0.98 |
Martin ratioReturn relative to average drawdown | 3.15 | 9.41 | -6.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAMBX | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.75 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.98 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.93 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.84 | +0.51 |
Correlation
The correlation between BAMBX and JAAAX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BAMBX vs. JAAAX - Dividend Comparison
BAMBX's dividend yield for the trailing twelve months is around 1.94%, more than JAAAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAMBX BlackRock Systematic Multi-Strategy Fund | 1.94% | 1.97% | 3.86% | 4.13% | 4.70% | 2.39% | 1.09% | 3.73% | 8.70% | 3.81% | 4.82% | 0.00% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.49% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
BAMBX vs. JAAAX - Drawdown Comparison
The maximum BAMBX drawdown since its inception was -8.84%, smaller than the maximum JAAAX drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for BAMBX and JAAAX.
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Drawdown Indicators
| BAMBX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -15.72% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -4.43% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -6.66% | -6.28% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | -12.64% | +3.80% |
Current DrawdownCurrent decline from peak | -2.97% | -1.61% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -2.06% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.88% | +0.15% |
Volatility
BAMBX vs. JAAAX - Volatility Comparison
BlackRock Systematic Multi-Strategy Fund (BAMBX) has a higher volatility of 1.51% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.16%. This indicates that BAMBX's price experiences larger fluctuations and is considered to be riskier than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAMBX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.16% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.74% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.73% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 4.22% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 4.38% | -0.84% |