BIVIX vs. JAKVX
BIVIX (Invenomic Fund Institutional Class) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Both are actively managed. Over the past year, BIVIX returned -15.80% vs 20.32% for JAKVX. At a correlation of -0.15, they often move in opposite directions. BIVIX charges 3.17%/yr vs 1.54%/yr for JAKVX.
Performance
BIVIX vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, BIVIX achieves a -22.03% return, which is significantly lower than JAKVX's 9.88% return.
BIVIX
- 1D
- -3.16%
- 1M
- -11.08%
- YTD
- -22.03%
- 6M
- -19.30%
- 1Y
- -15.80%
- 3Y*
- -7.50%
- 5Y*
- 8.80%
- 10Y*
- —
JAKVX
- 1D
- 0.23%
- 1M
- -2.10%
- YTD
- 9.88%
- 6M
- 10.16%
- 1Y
- 20.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIVIX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIVIX Invenomic Fund Institutional Class | -22.03% | 6.53% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 9.88% | 17.29% |
Correlation
The correlation between BIVIX and JAKVX is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.15 |
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Return for Risk
BIVIX vs. JAKVX — Risk / Return Rank
BIVIX
JAKVX
BIVIX vs. JAKVX - 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 R6 (JAKVX). 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 | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.44 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.51 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.96 | -4.55 |
| Martin ratioReturn relative to average drawdown | -1.78 | 13.15 | -14.93 |
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Drawdowns
BIVIX vs. JAKVX - Drawdown Comparison
The maximum BIVIX drawdown since its inception was -26.95%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for BIVIX and JAKVX.
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Drawdown Indicators
| BIVIX | JAKVX | 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 | -26.95% | -3.65% | -23.30% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -0.85% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.01% | 1.55% | +7.46% |
Volatility
BIVIX vs. JAKVX - Volatility Comparison
Invenomic Fund Institutional Class (BIVIX) has a higher volatility of 12.50% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 2.82%. This indicates that BIVIX's price experiences larger fluctuations and is considered to be riskier than JAKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIVIX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.50% | 2.82% | +9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 22.10% | 6.32% | +15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.30% | 7.79% | +18.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 7.55% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 7.55% | +9.85% |
BIVIX vs. JAKVX - Expense Ratio Comparison
BIVIX has a 3.17% expense ratio, which is higher than JAKVX's 1.54% expense ratio.
Dividends
BIVIX vs. JAKVX - Dividend Comparison
BIVIX's dividend yield for the trailing twelve months is around 2.82%, less than JAKVX's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIVIX Invenomic Fund Institutional Class | 2.82% | 2.20% | 3.95% | 20.15% | 27.91% | 16.08% | 3.15% | 3.19% | 4.79% | 1.21% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.71% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIVIX and JAKVX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIVIX has higher volatility (12.50%) compared to JAKVX (2.82%). In terms of maximum drawdown, BIVIX dropped -26.95% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.63 vs -0.61), 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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