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CLOI vs. JAAAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

CLOI vs. JAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck CLO ETF (CLOI) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.66%
2.35%
CLOI
JAAAX

Returns By Period

In the year-to-date period, CLOI achieves a 7.56% return, which is significantly higher than JAAAX's 6.42% return.


CLOI

YTD

7.56%

1M

0.72%

6M

3.65%

1Y

8.17%

5Y (annualized)

N/A

10Y (annualized)

N/A

JAAAX

YTD

6.42%

1M

-0.37%

6M

2.36%

1Y

8.03%

5Y (annualized)

3.86%

10Y (annualized)

2.85%

Key characteristics


CLOIJAAAX
Sharpe Ratio5.722.20
Sortino Ratio9.702.97
Omega Ratio2.711.47
Calmar Ratio19.423.52
Martin Ratio101.0114.68
Ulcer Index0.08%0.56%
Daily Std Dev1.47%3.71%
Max Drawdown-2.70%-12.09%
Current Drawdown0.00%-0.68%

Compare stocks, funds, or ETFs

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CLOI vs. JAAAX - Expense Ratio Comparison

CLOI has a 0.40% expense ratio, which is lower than JAAAX's 0.72% expense ratio.


JAAAX
John Hancock Funds Alternative Asset Allocation Fund
Expense ratio chart for JAAAX: current value at 0.72% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.72%
Expense ratio chart for CLOI: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.0-0.0

The correlation between CLOI and JAAAX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

CLOI vs. JAAAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) 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.


Sharpe ratio
The chart of Sharpe ratio for CLOI, currently valued at 5.72, compared to the broader market0.002.004.005.722.20
The chart of Sortino ratio for CLOI, currently valued at 9.70, compared to the broader market-2.000.002.004.006.008.0010.0012.009.702.97
The chart of Omega ratio for CLOI, currently valued at 2.71, compared to the broader market0.501.001.502.002.503.002.711.47
The chart of Calmar ratio for CLOI, currently valued at 19.42, compared to the broader market0.005.0010.0015.0019.423.52
The chart of Martin ratio for CLOI, currently valued at 101.01, compared to the broader market0.0020.0040.0060.0080.00100.00101.0114.68
CLOI
JAAAX

The current CLOI Sharpe Ratio is 5.72, which is higher than the JAAAX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of CLOI and JAAAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
5.72
2.20
CLOI
JAAAX

Dividends

CLOI vs. JAAAX - Dividend Comparison

CLOI's dividend yield for the trailing twelve months is around 6.37%, more than JAAAX's 1.61% yield.


TTM20232022202120202019201820172016201520142013
CLOI
VanEck CLO ETF
6.37%5.62%2.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JAAAX
John Hancock Funds Alternative Asset Allocation Fund
1.61%1.72%3.02%1.72%0.74%3.38%1.99%1.23%0.77%2.78%2.00%1.74%

Drawdowns

CLOI vs. JAAAX - Drawdown Comparison

The maximum CLOI drawdown since its inception was -2.70%, smaller than the maximum JAAAX drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for CLOI and JAAAX. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.68%
CLOI
JAAAX

Volatility

CLOI vs. JAAAX - Volatility Comparison

The current volatility for VanEck CLO ETF (CLOI) is 0.26%, while John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has a volatility of 0.93%. This indicates that CLOI experiences smaller price fluctuations and is considered to be less risky than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
0.26%
0.93%
CLOI
JAAAX