BIVRX vs. JAKVX
BIVRX (Invenomic Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, BIVRX returned -11.83% vs 19.27% for JAKVX. At a correlation of -0.16, they often move in opposite directions. BIVRX charges 2.48%/yr vs 1.54%/yr for JAKVX.
Performance
BIVRX vs. JAKVX - 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 JAKVX's 9.20% return.
BIVRX
- 1D
- 4.96%
- 1M
- -6.65%
- YTD
- -18.27%
- 6M
- -16.19%
- 1Y
- -11.83%
- 3Y*
- -6.23%
- 5Y*
- 6.88%
- 10Y*
- —
JAKVX
- 1D
- -0.62%
- 1M
- -2.71%
- YTD
- 9.20%
- 6M
- 9.20%
- 1Y
- 19.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIVRX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIVRX Invenomic Fund | -18.27% | 6.33% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 9.20% | 17.29% |
Correlation
The correlation between BIVRX and JAKVX is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.16 |
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Return for Risk
BIVRX vs. JAKVX — Risk / Return Rank
BIVRX
JAKVX
BIVRX vs. JAKVX - 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 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.
| BIVRX | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.48 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.81 | -4.25 |
| Martin ratioReturn relative to average drawdown | -1.30 | 12.48 | -13.78 |
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Drawdowns
BIVRX vs. JAKVX - Drawdown Comparison
The maximum BIVRX drawdown since its inception was -27.37%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for BIVRX and JAKVX.
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Drawdown Indicators
| BIVRX | JAKVX | 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% | -4.25% | -19.52% |
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. JAKVX - Volatility Comparison
Invenomic Fund (BIVRX) has a higher volatility of 13.48% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 2.80%. This indicates that BIVRX'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
| BIVRX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 2.80% | +10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 22.65% | 6.36% | +16.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.73% | 7.80% | +18.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 7.57% | +10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 7.57% | +10.36% |
BIVRX vs. JAKVX - Expense Ratio Comparison
BIVRX has a 2.48% expense ratio, which is higher than JAKVX's 1.54% expense ratio.
Dividends
BIVRX vs. JAKVX - Dividend Comparison
BIVRX's dividend yield for the trailing twelve months is around 2.36%, less than JAKVX's 7.76% 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% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.76% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIVRX and JAKVX have a correlation of -0.17, 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 JAKVX (2.80%). In terms of maximum drawdown, BIVRX dropped -27.37% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.52 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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