BIVRX vs. JAKRX
BIVRX (Invenomic Fund) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both Long-Short funds. Over the past year, BIVRX returned -11.83% vs 18.81% for JAKRX. At a correlation of -0.17, they often move in opposite directions. BIVRX charges 2.48%/yr vs 1.91%/yr for JAKRX.
Performance
BIVRX vs. JAKRX - Performance Comparison
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Returns By Period
In the year-to-date period, BIVRX achieves a -18.27% return, which is significantly lower than JAKRX's 9.01% return.
BIVRX
- 1D
- 4.96%
- 1M
- -6.65%
- YTD
- -18.27%
- 6M
- -16.19%
- 1Y
- -11.83%
- 3Y*
- -6.23%
- 5Y*
- 6.88%
- 10Y*
- —
JAKRX
- 1D
- -0.62%
- 1M
- -2.72%
- YTD
- 9.01%
- 6M
- 9.01%
- 1Y
- 18.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIVRX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIVRX Invenomic Fund | -18.27% | 6.33% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 9.01% | 17.04% |
Correlation
The correlation between BIVRX and JAKRX is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.17 |
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Return for Risk
BIVRX vs. JAKRX — Risk / Return Rank
BIVRX
JAKRX
BIVRX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund (BIVRX) 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.
| BIVRX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.48 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.73 | -4.17 |
| Martin ratioReturn relative to average drawdown | -1.30 | 12.24 | -13.54 |
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Drawdowns
BIVRX vs. JAKRX - Drawdown Comparison
The maximum BIVRX drawdown since its inception was -27.37%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for BIVRX and JAKRX.
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Drawdown Indicators
| BIVRX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.37% | -5.16% | -22.21% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -5.16% | -21.81% |
Max Drawdown (3Y)Largest decline over 3 years | -27.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | — | — |
Current DrawdownCurrent decline from peak | -23.77% | -4.26% | -19.51% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -0.86% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.15% | 1.57% | +7.58% |
Volatility
BIVRX vs. JAKRX - Volatility Comparison
Invenomic Fund (BIVRX) has a higher volatility of 13.48% compared to John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) at 2.75%. This indicates that BIVRX'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
| BIVRX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 2.75% | +10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 22.65% | 6.32% | +16.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.73% | 7.74% | +18.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 7.53% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 7.53% | +10.40% |
BIVRX vs. JAKRX - Expense Ratio Comparison
BIVRX has a 2.48% expense ratio, which is higher than JAKRX's 1.91% expense ratio.
Dividends
BIVRX vs. JAKRX - Dividend Comparison
BIVRX's dividend yield for the trailing twelve months is around 2.36%, less than JAKRX's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIVRX Invenomic Fund | 2.36% | 1.93% | 3.55% | 20.26% | 28.43% | 3.00% | 3.11% | 3.21% | 4.82% | 1.21% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.43% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIVRX and JAKRX have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIVRX has higher volatility (13.48%) compared to JAKRX (2.75%). In terms of maximum drawdown, BIVRX dropped -27.37% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (2.49 vs -0.45), 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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