BTPIX vs. JAKVX

Last updated Jun 5, 2026

BTPIX (Salient Tactical Plus Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, BTPIX returned 10.15% vs 26.35% for JAKVX. A 0.55 correlation means they provide meaningful diversification when combined. BTPIX charges 1.08%/yr vs 1.54%/yr for JAKVX.

Performance

BTPIX vs. JAKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Salient Tactical Plus Fund (BTPIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTPIX achieves a 6.47% return, which is significantly lower than JAKVX's 12.93% return.

BTPIX

• 1D: -0.43%
• 1M: 2.77%
• YTD: 6.47%
• 6M: 6.39%
• 1Y: 10.15%
• 3Y*: 3.52%
• 5Y*: 2.50%
• 10Y*: 4.38%

JAKVX

• 1D: -0.49%
• 1M: 1.00%
• YTD: 12.93%
• 6M: 13.88%
• 1Y: 26.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTPIX vs. JAKVX - Yearly Performance Comparison

	2026 (YTD)	2025
BTPIX Salient Tactical Plus Fund	6.47%	2.13%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	12.93%	17.29%

Correlation

The correlation between BTPIX and JAKVX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.55

The correlation between BTPIX and JAKVX has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.

Return for Risk

BTPIX vs. JAKVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTPIX

BTPIX Risk / Return Rank: 16
BTPIX Sharpe Ratio Rank: 16
BTPIX Sortino Ratio Rank: 14
BTPIX Omega Ratio Rank: 17
BTPIX Calmar Ratio Rank: 18
BTPIX Martin Ratio Rank: 17

JAKVX

JAKVX Risk / Return Rank: 94
JAKVX Sharpe Ratio Rank: 97
JAKVX Sortino Ratio Rank: 95
JAKVX Omega Ratio Rank: 93
JAKVX Calmar Ratio Rank: 93
JAKVX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTPIX vs. JAKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Salient Tactical Plus Fund (BTPIX) 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.

	BTPIX	JAKVX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	3.61	-2.51
Sortino ratio: Return per unit of downside risk	1.53	5.13	-3.60
Omega ratio: Gain probability vs. loss probability	1.21	1.72	-0.51
Calmar ratio: Return relative to maximum drawdown	1.47	5.22	-3.75
Martin ratio: Return relative to average drawdown	4.48	18.35	-13.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTPIX vs. JAKVX - Sharpe Ratio Comparison

The current BTPIX Sharpe Ratio is 1.10, which is lower than the JAKVX Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of BTPIX and JAKVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTPIX	JAKVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	3.61	-2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	4.00	-3.50

Drawdowns

BTPIX vs. JAKVX - Drawdown Comparison

The maximum BTPIX drawdown since its inception was -13.30%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for BTPIX and JAKVX.

Drawdown Indicators

	BTPIX	JAKVX	Difference
Max Drawdown Largest peak-to-trough decline	-13.30%	-5.16%	-8.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.84%	-5.16%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	-8.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.04%	—	—
Current Drawdown Current decline from peak	-0.43%	-0.71%	+0.28%
Average Drawdown Average peak-to-trough decline	-3.88%	-0.80%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	1.47%	+0.78%

Volatility

BTPIX vs. JAKVX - Volatility Comparison

Salient Tactical Plus Fund (BTPIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) have volatilities of 2.40% and 2.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTPIX	JAKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	2.50%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.87%	5.91%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	9.18%	7.48%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.19%	7.33%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.62%	7.33%	+1.29%

BTPIX vs. JAKVX - Expense Ratio Comparison

BTPIX has a 1.08% expense ratio, which is lower than JAKVX's 1.54% expense ratio.

Dividends

BTPIX vs. JAKVX - Dividend Comparison

BTPIX's dividend yield for the trailing twelve months is around 2.64%, less than JAKVX's 7.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BTPIX Salient Tactical Plus Fund	2.64%	2.81%	3.80%	4.93%	7.72%	0.00%	6.10%	6.16%	3.08%	0.00%	4.14%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	7.50%	8.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTPIX and JAKVX in my portfolio?

BTPIX and JAKVX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTPIX or JAKVX?

JAKVX has higher volatility (2.50%) compared to BTPIX (2.40%). In terms of maximum drawdown, BTPIX dropped -13.30% vs JAKVX's -5.16%.

Which has better risk-adjusted returns?

JAKVX currently has the higher Sharpe Ratio (3.61 vs 1.10), 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.