BXMIX vs. JAAAX
Compare and contrast key facts about Blackstone Alternative Multi-Strategy Fund (BXMIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
BXMIX is managed by Blackstone. It was launched on Jun 15, 2014. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
BXMIX vs. JAAAX - Performance Comparison
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BXMIX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 0.09% | 10.45% | 7.45% | 7.92% | -4.62% | 5.27% | -1.10% | 6.78% | -1.51% | 7.20% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Returns By Period
In the year-to-date period, BXMIX achieves a 0.09% return, which is significantly lower than JAAAX's 2.52% return. Both investments have delivered pretty close results over the past 10 years, with BXMIX having a 4.10% annualized return and JAAAX not far behind at 4.05%.
BXMIX
- 1D
- 0.55%
- 1M
- -0.90%
- YTD
- 0.09%
- 6M
- 3.67%
- 1Y
- 10.24%
- 3Y*
- 8.35%
- 5Y*
- 4.71%
- 10Y*
- 4.10%
JAAAX
- 1D
- 0.41%
- 1M
- -1.56%
- YTD
- 2.52%
- 6M
- 3.59%
- 1Y
- 8.05%
- 3Y*
- 6.41%
- 5Y*
- 4.12%
- 10Y*
- 4.05%
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BXMIX vs. JAAAX - Expense Ratio Comparison
BXMIX has a 2.33% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Return for Risk
BXMIX vs. JAAAX — Risk / Return Rank
BXMIX
JAAAX
BXMIX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Alternative Multi-Strategy Fund (BXMIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). 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.
| BXMIX | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 1.75 | +0.70 |
Sortino ratioReturn per unit of downside risk | 3.21 | 2.35 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.39 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.88 | +0.07 |
Martin ratioReturn relative to average drawdown | 9.07 | 9.41 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BXMIX | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 1.75 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.98 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.93 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.84 | -0.10 |
Correlation
The correlation between BXMIX and JAAAX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BXMIX vs. JAAAX - Dividend Comparison
BXMIX's dividend yield for the trailing twelve months is around 7.74%, more than JAAAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMIX Blackstone Alternative Multi-Strategy Fund | 7.74% | 7.75% | 5.75% | 3.48% | 0.00% | 1.68% | 3.12% | 3.67% | 1.91% | 2.00% | 0.45% | 2.52% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.49% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
BXMIX vs. JAAAX - Drawdown Comparison
The maximum BXMIX drawdown since its inception was -19.28%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for BXMIX and JAAAX.
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Drawdown Indicators
| BXMIX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -15.72% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -4.43% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -8.56% | -6.28% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -12.64% | -6.64% |
Current DrawdownCurrent decline from peak | -0.99% | -1.61% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -2.06% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.88% | +0.18% |
Volatility
BXMIX vs. JAAAX - Volatility Comparison
Blackstone Alternative Multi-Strategy Fund (BXMIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX) have volatilities of 1.13% and 1.16%, 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.
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Volatility by Period
| BXMIX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.16% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.74% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 4.73% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 4.22% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 4.38% | +0.86% |