BIVIX vs. JAKRX
BIVIX (Invenomic Fund Institutional Class) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both Long-Short funds. Both are actively managed. Over the past year, BIVIX returned -2.49% vs 20.68% for JAKRX. At a correlation of -0.12, they often move in opposite directions. BIVIX charges 3.17%/yr vs 1.91%/yr for JAKRX.
Performance
BIVIX vs. JAKRX - Performance Comparison
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Returns By Period
In the year-to-date period, BIVIX achieves a -6.05% return, which is significantly lower than JAKRX's 11.50% return.
BIVIX
- 1D
- 1.96%
- 1M
- 7.92%
- 6M
- -1.71%
- YTD
- -6.05%
- 1Y
- -2.49%
- 3Y*
- -1.95%
- 5Y*
- 13.32%
- 10Y*
- —
JAKRX
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- 9.79%
- YTD
- 11.50%
- 1Y
- 20.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIVIX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIVIX Invenomic Fund Institutional Class | -6.05% | 6.53% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 11.50% | 17.04% |
Correlation
The correlation between BIVIX and JAKRX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.12 |
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Return for Risk
BIVIX vs. JAKRX — Risk / Return Rank
BIVIX
JAKRX
BIVIX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund Institutional Class (BIVIX) and John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX). 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.
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.
| BIVIX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.51 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 4.04 | -4.17 |
| Martin ratioReturn relative to average drawdown | -0.35 | 12.11 | -12.46 |
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Drawdowns
BIVIX vs. JAKRX - Drawdown Comparison
The maximum BIVIX drawdown since its inception was -26.95%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for BIVIX and JAKRX.
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Drawdown Indicators
| BIVIX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.95% | -5.16% | -21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -26.95% | -5.16% | -21.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.95% | — | — |
Current DrawdownCurrent decline from peak | -11.96% | -2.07% | -9.89% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -0.95% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 1.72% | +8.13% |
Volatility
BIVIX vs. JAKRX - Volatility Comparison
Invenomic Fund Institutional Class (BIVIX) has a higher volatility of 17.20% compared to John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) at 2.57%. This indicates that BIVIX's price experiences larger fluctuations and is considered to be riskier than JAKRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIVIX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.20% | 2.57% | +14.63% |
Volatility (6M)Calculated over the trailing 6-month period | 26.03% | 6.41% | +19.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.79% | 7.86% | +21.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 7.53% | +10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 7.53% | +10.49% |
BIVIX vs. JAKRX - Expense Ratio Comparison
BIVIX has a 3.17% expense ratio, which is higher than JAKRX's 1.91% expense ratio.
Dividends
BIVIX vs. JAKRX - Dividend Comparison
BIVIX's dividend yield for the trailing twelve months is around 2.34%, less than JAKRX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIVIX Invenomic Fund Institutional Class | 2.34% | 2.20% | 3.95% | 20.15% | 27.91% | 16.08% | 3.15% | 3.19% | 4.79% | 1.21% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.27% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIVIX and JAKRX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIVIX has higher volatility (17.20%) compared to JAKRX (2.57%). In terms of maximum drawdown, BIVIX dropped -26.95% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (2.65 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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