BIMBX vs. JAAAX
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Class I (BIMBX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
BIMBX is managed by Blackrock. It was launched on May 19, 2015. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIMBX or JAAAX.
Correlation
The correlation between BIMBX 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.
Performance
BIMBX vs. JAAAX - Performance Comparison
Key characteristics
BIMBX:
2.21
JAAAX:
2.23
BIMBX:
3.38
JAAAX:
3.10
BIMBX:
1.44
JAAAX:
1.43
BIMBX:
2.90
JAAAX:
3.45
BIMBX:
7.84
JAAAX:
13.30
BIMBX:
1.03%
JAAAX:
0.60%
BIMBX:
3.65%
JAAAX:
3.60%
BIMBX:
-8.73%
JAAAX:
-12.09%
BIMBX:
-0.37%
JAAAX:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with BIMBX having a 2.08% return and JAAAX slightly lower at 2.01%.
BIMBX
2.08%
1.38%
2.00%
7.95%
4.09%
N/A
JAAAX
2.01%
0.81%
3.39%
7.52%
3.83%
3.10%
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BIMBX vs. JAAAX - Expense Ratio Comparison
BIMBX has a 0.98% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Risk-Adjusted Performance
BIMBX vs. JAAAX — Risk-Adjusted Performance Rank
BIMBX
JAAAX
BIMBX vs. JAAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) 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.
Dividends
BIMBX vs. JAAAX - Dividend Comparison
BIMBX's dividend yield for the trailing twelve months is around 4.00%, more than JAAAX's 1.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 4.00% | 4.08% | 4.47% | 4.90% | 1.72% | 1.70% | 4.19% | 3.02% | 2.18% | 1.70% | 1.23% | 0.00% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.14% | 1.16% | 1.72% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% | 2.00% |
Drawdowns
BIMBX vs. JAAAX - Drawdown Comparison
The maximum BIMBX drawdown since its inception was -8.73%, smaller than the maximum JAAAX drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for BIMBX and JAAAX. For additional features, visit the drawdowns tool.
Volatility
BIMBX vs. JAAAX - Volatility Comparison
BlackRock Systematic Multi-Strategy Class I (BIMBX) has a higher volatility of 1.19% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 0.71%. This indicates that BIMBX'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.